Trump, Paramount Engaged in Advanced Settlement Negotiations for CBS Lawsuit
The lawsuit alleged that Paramount’s CBS edited its interview with the former vice president to make her sound better.
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Mark Zuckerberg Announces New Meta ‘Superintelligence Labs’ Unit
Alexandr Wang will be the chief AI officer, and Nat Friedman will lead the company’s work on AI products.
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Boeing CFO Exit Is Latest Change in Chief Executive Kelly Ortberg’s C-Suite
Jet maker names Jesus ‘Jay’ Malave as next finance chief and says his predecessor will be a senior adviser to CEO Kelly Ortberg.
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Ad Agencies’ Low Growth Will Drag On as They Adjust to Era of AI, Barclays Says
The firm downgraded three advertising giants after recent meetings, while other analysts said artificial intelligence could increase demand for ad services eventually.
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Steward Health Plans Litigation to Unwind Transfers to Cerberus, Other Insiders
An internal investigation report says the company’s former owner and ex-CEO improperly collected over $1 billion from the ailing hospital chain.
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Robinhood Goes All In on Crypto With Major Product Push
The brokerage will allow European customers to trade more than 200 U.S. stocks and ETFs as digital tokens and is developing its own blockchain.
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CC Capital Still Working on Bid for Australia’s Insignia
Australian wealth manager Insignia Financial said CC Capital Partners is still working up a binding offer, almost four months after it first opened its books to the private-equity firm.
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Google Signs Deal to Buy Fusion Energy From Bill Gates-Backed Nuclear Startup
The tech giant is betting that Commonwealth Fusion Systems could start producing fusion power next decade.
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Activist Investor Elliott Wants Changes at Sumitomo Realty & Development
Sumitomo Realty & Development ‘remains Japan’s most undervalued real estate developer,” Elliott told the company in a letter.
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Apple to Delay Some Feature Rollouts in EU, Citing Regulatory Hurdles
The company said it was still analyzing features that may not be available in the EU and was working to find solutions.
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Moderna Shares Jump With Positive Test Results for MRNA Flu Vaccine
The biotechnology company’s messenger RNA flu vaccine candidate showed positive results in a late-stage trial.
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AbbVie Agrees to Acquire Capstan Therapeutics for $2.1 Billion
AbbVie agreed to acquire Capstan Therapeutics, including its lead asset, for $2.1 billion in cash.
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Home Depot Wins Bidding War to Buy GMS for $4.3 Billion
Home Depot will buy building-products distributor GMS for about $4.3 billion, winning a bidding war over roofing-products distributor QXO.
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Stanley Black & Decker Names Nelson to Succeed Allan as CEO
Stanley Black & Decker has designated Christopher Nelson to succeed Donald Allan Jr. as president and chief executive of the tool maker, effective Oct. 1.
Financial services companies like BNY and JPMorgan say AI’s capabilities are taking more and more cues from the way humans work.
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Boeing’s $4.7 Billion Spirit AeroSystems Deal Faces U.K. Antitrust Probe
The deal could face delays, or be quashed, if the Competition and Markets Authority sees scope for a more in-depth probe.
