Warner Bros. Shareholders Approve $110 Billion Paramount Deal
Warner Bros. Discovery Inc. shareholders voted overwhelmingly to approve a $110 billion takeover by Paramount Skydance Corp. But this is not a done deal yet. Chris Palmeri reports.
Warner Bros. Discovery Inc. shareholders voted overwhelmingly to approve a $110 billion takeover by Paramount Skydance Corp. But this is not a done deal yet. Chris Palmeri reports.
Lyft has agreed to buy Gett, an app used for requesting black cabs in London. Lyft CEO David Risher says international growth and expansion into capital-light businesses like Gett are key to growing the rideshare company. Risher joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."
"We are a growth company," ServiceNow Chair and CEO Bill McDermott says while discussing the company's first-quarter earnings on "Bloomberg Open Interest."
Blackstone Inc. President Jon Gray said the build-out of artificial-intelligence infrastructure is the single-biggest driver for the company right now. He speaks to Dani Burger.
Tesla is tripling AI spending to $25B as its robotics ambitions ramp up, while EV sales send mixed signals. TD Cowen's Itay Michaeli joined Bloomberg Open Interest to explain why demand may be stronger than it looks, why losing tax credits hurt more than high gas prices helped, and how upcoming EV launches could spark the next surge.
American Express Co. plans to boost spending on marketing and technology and said its customers' spending on air travel has been slowing. Romaine Bostick discusses his interview with American Express CEO Stephen Squeri on "Bloomberg Open Interest."
The Deal with Alex Rodriguez and Jason Kelly showcases intimate conversations with business titans and sports champions that reveal their investment philosophies, missed opportunities and more.
American Airlines announced it expects $4 billion in additional expenses due to rising jet fuel prices but plans to raise fares to offset these costs, maintaining some of the price increases even if fuel prices return to prewar levels. Siddharth Philip has more on "Bloomberg Open Interest."
Higher fuel prices due to the war in Iran are weighing on American Airlines. The carrier lowered its full-year earnings target even after beating on earnings for the quarter. Bloomberg's Siddharth Phillip reports.
Applications for US unemployment benefits increased by 6,000 to 214,000 last week but remain at a level consistent with low layoffs. Michael McKee reports on Bloomberg Television.
Daan Struyven, global commodities research co-head at Goldman Sachs, says oil bottlenecks and supply chain logistics related to the Strait of Hormuz put the global oil market on track to reach the lowest-ever level for global visible inventories, which "implies some upside risks to our forecasts."
Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. The Composite PMI compiled by S&P Global declined to 48.6 in April from 50.7 the previous month, dropping below the 50 threshold separating growth from contraction. In the UK PMI data showed that the private sector quickly bounced back from a slowdown caused by the Iran war as firms rushing to secure supplies and price pressures mounting. Hugh Gimber, Global Market Strategist, JP Morgan joined Stephen Carroll on Bloomberg Radio to discuss. he says business costs are 'rising sharply.'