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09.06.26 - 17:18
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UK watchdog to look at Paramount′s $110bn takeover of Warner Bros Discovery (The Guardian)
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Deal to create a streaming and sports powerhouse will be scrutinised by Competition and Markets AuthorityThe UK competition watchdog has opened an investigation into Paramount Skydance's $110bn (£82bn) takeover of Warner Bros Discovery (WBD).The deal will create a media powerhouse controlling assets including the Paramount and HBO Max streaming services, Channel 5 and TNT Sports, which broadcasts Champions League, Premier League and the Olympics, the Hollywood studios behind franchises including Superman, Batman and Top Gun, as well as HBO, home to shows including Game of Thrones, The White Lotus and Succession. Continue reading......
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09.06.26 - 16:36
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JM Smucker Moves on Profit Beat; Vail Resorts Down on Full Year Guidance Cut | Stock Movers (Bloomberg)
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On this episode of Stock Movers with Alexis Christoforous:
- Nuvalent (NUVL) shares are higher on news GSK agreed to buy Nuvalent for $10.6 billion, securing a US biotech firm developing treatments for lung cancer.
- JM Smucker (SJM) shares are on the move after it posted fourth-quarter profits that beat Wall Street expectations as higher prices helped boost the packaged food company.
- Vail Resorts (MTN) is dropping after the ski resort operator cut its net income guidance for the full year, attributing the reduction to “historically challenging” weather conditions in the western US. The guidance missed the average analyst estimate. (Source: Bloomberg)...
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09.06.26 - 14:06
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Early-summer holiday bookings down amid ′apprehension′, UK travel industry warns (The Guardian)
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Fears over impact of war in Middle East, cost of living and new EU border checks leading people to book laterBusiness live – latest updatesHoliday bookings for early summer have been hit by uncertainty around conflict in the Middle East and the rising cost of living, the travel industry has warned.Mark Tanzer, the chief executive of the UK travel association Abta, said while people still wanted to go on holiday, the industry was bracing for a difficult summer. Continue reading......
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