$1.5 billion
Report: Paramount, Skydance Agree On $8B Merger Deal
Paramount Global and Skydance have agreed to terms on a merger between the two big entertainment companies that’s valued at $8 billion.
CEO
Media Matters Lays Off Dozens Of Employees Following Lawsuit Filed By Elon Musk
Media Matters has laid off dozens of employees following a lawsuit filed by Tesla CEO Elon Musk.
$1.7 billion
Biden Admin Settles With Norfolk Southern For $310M Over Ohio Train Derailment
The Justice Department (DOJ) and Environmental Protection Agency (EPA) announced a settlement that is estimated to be worth $310 million that was mutually agreed upon with railway company Norfolk Southern.
$1 billion
Red Lobster Files For Chapter 11 Bankruptcy After Disaster All-You-Can-Eat Shrimp Promotion
The Seafood chain Red Lobster, which lost millions over its all-you-can-eat-shrimp promotion last year, has officially filed for bankruptcy after the chain shut down almost 100 locations last week.
CEO
Highlighting Overwatch’s Mission To Support Veterans
May is military appreciation month, and a number of companies and organizations are highlighting their efforts in helping service members and veterans.
adjusted EBITDA
Warner Bros. Discovery Reveals $966M Loss, Impaired By Decreased Ad Sales And Hollywood Strikes
Warner Bros. Discovery posted a steep quarterly loss that was higher than anticipated.
Blue Line
Blue Line Moving CEO To Donate Water Filtration Units To East Palestine, Ohio Residents
Water filtration systems are coming to East Palestine, Ohio.
Analyst
U.S. Economy’s Growth Slows To Below 2% In First Quarter, Missing Analyst Expectations
The U.S. economy grew by less than 2% in the first quarter, according to the Commerce Department’s Bureau of Economic Analysis.
anti-money laundering controls
Ex-Binance Founder Changpeng Zhao Sentenced To 4 Months In Prison For Crypto Crimes
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world’s largest cryptocurrency exchange.
activists
Pro-Israel, Pro-Palestinian Demonstrators Dispute On UCLA Campus
Fights broke out on the UCLA campus over the weekend among pro-Israel and pro-Palestinian activists following the breach of a barricade meant to divide the opposing groups of protesters.