Disney and director James Cameron are asking a California federal court to dismiss a lawsuit filed by Indigenous actor Q’orianka Kilcher, who accused the filmmakers of misusing her likeness to create the protagonist Neytiri in the blockbuster “Avatar” franchise. According to a court filing submitted on Tuesday in the U.S. District Court for the Central … Read more
The British government has signaled a potential intervention in the $110 billion merger between Paramount Skydance Corp and Warner Bros. Discovery, citing concerns over media plurality and the regulation of on-demand streaming services. According to a statement from the UK government, Culture Minister Lisa Nandy has set a July 6 deadline for the companies to … Read more
Merck KGaA has announced an $11.3 billion agreement to acquire U.S.-based Bio-Techne, marking the German pharmaceutical giant’s largest acquisition since 2014. The deal, which offers $73 per share—a 24% premium over the closing price on Wednesday—is designed to bolster Merck’s life sciences division by integrating Bio-Techne’s extensive portfolio of research reagents, proteins, and analytical instruments … Read more
Nvidia is raising $25 billion through a massive U.S. bond issuance, marking the chipmaker’s first return to the debt market since 2021. According to reports from Reuters, the company expanded the offering beyond its initial $20 billion target due to $85 billion in investor demand. The capital, managed by bookrunners Goldman Sachs, J.P. Morgan, and … Read more
The Abel Era: How Berkshire Hathaway is Rewriting the Rules of Capital Allocation For decades, the strategy at Berkshire Hathaway was clear: accumulate massive amounts of cash, wait for a market dislocation, and buy undervalued “moat” businesses. Under Warren Buffett, the conglomerate became a fortress of liquidity, often sitting on hundreds of billions of dollars … Read more
Meta Platforms has reached a settlement in a bellwether lawsuit brought by the Breathitt County School District in eastern Kentucky. The agreement resolves the first case scheduled for trial that sought to hold social media companies financially responsible for the costs school districts say they have incurred to address a mental health crisis they allege … Read more