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Anthropic is back in “last-ditch” talks with the Pentagon to resolve a bitter dispute over AI safeguards — days after CEO Dario Amodei claimed the clash stemmed partly from its refusal to give “dictator-style praise” to President Trump, according to reports. Amodei has been holding discussions with Emil Michael, the War Department’s undersecretary for research […]
Warner Bros. Discovery on Tuesday said it will reopen deal talks with Paramount Skydance under a seven-day waiver from Netflix to explore “deficiencies” in Paramount’s offer to buy the entirety of WBD. The legacy media company has a pending transaction with Netflix for its streaming and studio businesses. Paramount launched a hostile tender offer straight […]
Warner Bros. Discovery announced Tuesday it will restart talks with Paramount Skydance following the media giant’s revised offer – potentially heating up a bidding war with Netflix once again. Paramount last week sweetened its $30 per share all-cash offer with an agreement to pay the $2.8 billion termination fee to Netflix, as well as a […]
Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company’s closely watched experimental weight loss pill, orforglipron. In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment “immediately following that launch, and that […]
Saks Global Enterprises is in talks to secure a loan of about $1 billion as it prepares for a possible Chapter 11 bankruptcy filing in the coming weeks, Bloomberg News reported on Sunday, citing people familiar with the matter. The luxury retailer missed a $100 million interest payment due Dec. 30 and is negotiating a forbearance […]
Elon Musk’s firm, xAI, is reportedly in advanced talks to raise $15 billion in new equity – after the billionaire last week slammed a CNBC report about the funding round as “false.” The deal would hike xAI’s valuation to $230 billion, people familiar with the plans told the Wall Street Journal. That’s a strong jump […]
A Trump administration request that Japan buy more US rice caused this week’s snag in bilateral trade talks as Tokyo “strongly objected” to the condition, the Nikkei newspaper reported on Saturday. Japan’s top tariff negotiator abruptly canceled a US trip on Thursday over unspecified “points that need to be discussed at the administrative level,” the […]
Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | Reuters CyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy […]
French luxury goods group LVMH is in discussions to sell fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported Friday, citing people familiar with the matter. In 2024, Bloomberg reported that LVMH was exploring strategic options for the label with advisers after receiving interest from potential buyers, […]
Kansas City Chiefs quarterback Patrick Mahomes has added “coffee entrepreneur” to his already packed resume. The three-time Super Bowl champion has invested in Throne Sport Coffee, adding to the 29-year-old superstar’s portfolio off the field. As his Chiefs and the rest of the NFL gear up for the upcoming season, Mahomes spoke to CNBC about […]
