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13.07.26 - 19:00
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US state attorneys general file lawsuit in effort to block Paramount merger (The Guardian)
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A bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job lossesA bipartisan group of US state attorneys general are seeking to block the $110bn merger of Paramount Skydance and Warner Bros Discovery, arguing in a lawsuit filed on Monday that it would hurt competition and lead to higher prices for consumers.The coalition behind the lawsuit is led by the California attorney general, Rob Bonta, who has been a staunch critic of the merger since it was agreed to in February after a bidding war between David Ellison's Paramount Skydance and Netflix. Continue reading......
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12.07.26 - 17:36
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Big Banks Set Up Strong Earnings Week (Bloomberg)
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Bloomberg Intelligence analyst Herman Chan says major US banks are poised to report strong earnings, driven by trading, investment banking and resilient lending, with investors focused on consumer health, credit quality, net interest margins and AI-related financing activity. Investopedia editor Caleb Silver says Netflix is expanding beyond streaming into advertising and short-form content as investors look for signs the company can sustain growth and define its next phase. (Source: Bloomberg)...
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