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Paramount Extends Warner Bros. Tender Offer to Feb. 20
Skydance-owned Paramount is again extending the tender offer window in its $77.9 billion hostile takeover bid for Warner Bros. Discovery, while doubling down on a coming proxy fight.Warner stockholders now have until Feb. 20 to sell their shares to Paramount for $30 apiece...
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P&G Revenue Misses Due to Weak US Spending
Procter & Gamble Thursday fell just short of Wall Street expectations for its second-quarter revenue, held back by weak consumer spending in core categories such as U.S. laundry detergent and toilet paper, which overshadowed strength in its beauty products.
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House Panel Finds CVS May Have Broken Antitrust Laws
CVS Health may have violated federal antitrust laws by pressuring independent pharmacies to avoid using money-saving services outside the company's pharmacy benefit manager network, according to a House Judiciary Committee report released Wednesday, The Hill reported.
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Theranos Founder Holmes Asks Trump for Clemency
Theranos founder Elizabeth Holmes has asked President Donald Trump to commute her sentence after she was convicted of defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion, a notice on the Justice Department website showed.
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Apple to Revamp Siri as a Built-In Chatbot
Apple plans to revamp Siri later this year by turning the digital assistant into the company's first artificial intelligence chatbot, Bloomberg News reported Wednesday.
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Musk, Altman Spar Over Whose Tech Is Killing More People
OpenAI CEO Sam Altman has pushed back against claims by Elon Musk that ChatGPT is dangerous, escalating a public feud between two of the most prominent figures in artificial intelligence as scrutiny of AI safety intensifies worldwide.
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Stellantis Just Pulled the Plug on the Hybrids - And No One Is Being Straight About Why
Jeep bet huge on electrification. It promised buyers they could keep everything that made a Jeep a Jeep: capability, toughness, and identity while adding electric efficiency. For a brief moment, that bet paid off.
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Kraft Heinz at 6-Year-Low on Berkshire's Potential Stake Sale
Kraft Heinz's shares slumped about 7% to a near six-year low Wednesday after the Heinz ketchup maker disclosed that Berkshire Hathaway may sell its 27.5% stake as the food giant prepares to split into two businesses.
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Hot-Diggity-Dog: Smithfield Buys Iconic Nathan's Famous
U.S. pork processor Smithfield Foods will buy century-old Nathan's Famous in a $450 million deal that adds the most iconic U.S. hot dog name to its portfolio of brands, the company said Wednesday.
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Netflix Q4 Beats as Subscribers Reach 325 Million
Netflix slightly exceeded Wall Street's revenue estimates for its holiday quarter, as it crossed 325 million subscribers, the company said Tuesday.
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GoldenTree to Buy $200M of Saks Bankruptcy Financing
Global asset management firm GoldenTree will buy a chunk of a $1 billion bankruptcy financing for luxury retailer Saks Global, Bloomberg News reported Tuesday.
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Netflix's $82.7B All-Cash Warner Bid Wins Board Support
Netflix submitted an amended all-cash offer for Warner Bros Discovery's studio and streaming businesses, winning the unanimous support from the HBO owner's board without increasing the $82.7 billion purchase price, according to a regulatory filing Tuesday.
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Elon Musk Nears $800B Net Worth After xAI Funding
Elon Musk is no longer just the world's richest man. He's fast becoming a category unto himself, Forbes reports.
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Tesla Poised to Be Early Winner as Canada Opens Door to Chinese-Made EVs
Tesla is poised to be one of the first automakers to benefit from Canada's move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian sales network, experts say.
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NHTSA Opens Probe Into About 600,000 GM Vehicles
The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine...
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Oil Prices Steady as Ebbing Iranian Protests Lower Chance of US Attack
Oil prices were little changed on Monday, after rising in the previous session, as Iran's deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that could disrupt supplies.
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'60 Minutes' Airs Previously Pulled Deportation Segment
"60 Minutes" on Sunday aired a story about Trump administration deportations that was abruptly pulled from the newsmagazine's lineup a month ago, sparking an internal battle about political pressure that spilled into the open.
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SoCal Edison Blames County, Utilities for Deadly Eaton Fire
Southern California Edison has filed lawsuits accusing Los Angeles County, local water agencies, and the Southern California Gas Co. of missteps that the utility says made last year's Eaton Fire deadlier.
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Musk, Ryanair CEO Trade 'Idiot' Barbs in Growing Starlink Tiff
Tech billionaire Elon Musk and Michael O'Leary, the CEO of Ryanair, are trading barbs in a growing public spat over Ryanair's refusal to install Musk's Starlink Wi-Fi on its fleet of more than 600 jets.
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Banks Seek Clarity as Trump Credit Card Rate Cap Nears
President Donald Trump a week ago told the credit card industry it had until Jan. 20 to comply with his demand for a 10% cap on interest rates.
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South Korea Says US Chip Tariff to Have Limited Immediate Impact
South Korea's trade minister said on Saturday that a U.S. proclamation imposing a 25% tariff on certain advanced computing chips would have a limited impact on South Korean companies.
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Musk Seeks Up to $134 Billion From OpenAI, Microsoft in 'Wrongful Gains'
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing he deserves the "wrongful gains" that they received from his early support of the artificial-intelligence startup, according to a court filing on Friday.
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Google Nixes Policy Urging Teens to Override Parents
Google says it's ending its practice of emailing 13-year-old children detailed instructions on how to remove parental controls following backlash from outraged parents and parental rights advocates.
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OpenAI to Begin Testing Ads on ChatGPT in the US
OpenAI will begin testing advertisements inside its popular ChatGPT chatbot in the coming weeks, marking a major shift for the artificial intelligence company as it looks to expand revenue, CNBC reports.
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Walmart Names Insider David Guggina as US CEO
Walmart Friday named long-time executive David Guggina to head its U.S. division, succeeding John Furner, who would take over as the chief executive officer of the retail behemoth.