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The US and China are closing in on a deal to avoid a US ban of TikTok – and it will include China allowing US techies to replicate and replace the wildly popular app’s secret-sauce recommendation algorithm, On The Money has learned. Top White House officials confirmed on Monday they’ve settled on a “framework” for […]
Paramount Skydance is working with an investment bank as it prepares an offer for Warner Bros. Discovery, according to people familiar with the matter. Warner Bros. Discovery had yet to receive an offer as of Thursday, according to people familiar with the matter, who spoke on the condition of anonymity to discuss nonpublic dealings. A […]
It isn’t quite the ruckus involving the Jeffrey Epstein docs, but there is a quieter, more important conflict inside Trump world over weed — namely whether the president should legalize it and just how legal it should be, The Post has learned And according to my sources, Trump is in a compromising mood. He appears […]
Staffers at the notoriously secretive hedge fund D.E. Shaw fear the wildly lucrative left-wing firm could face “reprisals” from the Trump administration over its woke DEI policies, The Post has learned. The New York-based powerhouse founded by billionaire David E. Shaw — whose algorithm-driven trades made it the most profitable hedge fund in 2024, raking […]
Skydance Media boss David Ellison has been striking an upbeat tone in his quest to purchase Shari Redstone’s Paramount, On The Money has learned. The budding movie mogul’s quiet confidence to media insiders in recent days may seem a bit odd for regular readers of On The Money. We’ve been chronicling how the $8 billion […]
Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. The GPU, or graphics processing unit, will be part of Nvidia’s latest generation Blackwell-architecture AI processors and is expected to be […]
CBS News quietly slashed three high-level positions ahead of a major round of layoffs across parent company Paramount Global that is expected to kick off this summer, The Post has learned. The embattled Tiffany Network — which has seen ratings plunge at its morning show and evening news program, and is being sued by President […]
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak […]
Stitch, the blue, pointy-eared, pug-like creature from Disney’s “Lilo & Stitch” franchise, is shaping up to be this year’s most popular toy – and it will be hard to ignore at Toy Fair this weekend, The Post has learned. The largest toy trade show in North America kicks off on March 1 at the Javits […]
Goldman Sachs is set to scale back some of its diversity, equity, and inclusion policies amid a White House-backed crackdown on so-called “woke” capitalism, The Post has learned. CEO David Solomon will change course amid the threat of possible lawsuits after President Donald Trump ordered US Attorney General Pam Bondi to stamp out so-called DEI […]
