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Paramount and Skydance are back on with a preliminary merger deal, WSJ reports
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The Guardian - World
Paramount and Skydance squeak closer to merger deal
Shari Redstone walked away last month, but returned to the table with her National Amusements company. Paramount Pictures appears to be closer to finalizing a proposed multibillion-dollar merger, weeks after its controlling shareholder walked away ... -
MarketWatch - Business
Paramount stock and bonds snapped up on report deal with Skydance is back on
The deal between Shari Redstone and Skydance Media that was scrapped a few weeks ago has been revived -
Los Angeles Times - Entertainment
So the Paramount and Skydance deal is back on track. What happened and what's next?
After Shari Redstone nixed David Ellison's proposed takeover, the tech scion and his partners continued to work to win over the Redstone family. -
MarketWatch - Business
Saks Fifth Avenue buying Neiman Marcus in $2.65 billion deal, with backing by Amazon
High-end retail chains Saks Fifth Avenue will buy rival Neiman Marcus in a deal that will see Amazon.com and Salesforce also take stakes, the companies said in a statement on Thursday. -
MarketWatch - Business
Two more luxury-fashion players could join forces — with the backing of Amazon, report says
Upscale fashion retail chains Saks Fifth Avenue and Neiman Marcus could soon join forces and get a financial boost from Amazon.com Inc., according to a report on Wednesday, as luxury brands consolidate amid a slump in demand. -
CBS Sports - Sports
Bronny James contract: Lakers to sign second-round pick to four-year, $7.9 million deal, per report
Rich Paul has said that Bronny James, LeBron's son, would not sign a two-way contractNBA -
CBS Sports - Sports
Dak Prescott dealing with 'very minor' foot sprain, Cowboys QB on track for training camp, per report
Prescott has yet to receive a contract extension, and is now apparently dealing with a foot issueNFL -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 100.25
The WSJ Dollar Index was down 0.2% to 100.25 — down for two consecutive trading days. -
The Wall Street Journal - World
Trump Expands Lead Over Biden as Age Worries Grow, WSJ Poll Finds
Donald Trump has opened a 6-point lead over President Biden among voters nationally, with 80% saying the president is too old to run for a second term, a new Wall Street Journal poll finds.Joe Biden -
Financial Times - World
FirstFT: Democratic governors back Biden
Also in today’s newsletter, a $2.65bn luxury department store deal and Goldman lobbies to change Fed’s stress test resultJoe Biden
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Oil prices on track for 4th straight weekly gain
Oil futures were flat to slightly lower Friday as U.S. traders returned from the Independence Day holiday, with crude headed for a fourth straight weekly gain though some analysts see upside limited by growing concerns over signs of softening growth. -
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Bitcoin’s selloff sends crypto-related stocks sharply lower
Stocks of cryptocurrency related companies were hit hard Friday, as bitcoin sank to more than four-month lows amid concerns that the repayment plan of bankrupt crypto exchange Mt. Gox’s repayment plan will lead to more selling.Crypto -
MarketWatch - Business
‘In a worst-case scenario, we fear a stock-market bust’: We are ‘healthy boomers’ in our 60s with a net worth of $4.2 million. Is it time to diversify?
“We have no debt and live comfortably on $150,000 per year.” -
MarketWatch - Business
Big tech is not the haven some claim, so it’s time to raise cash, says this hedge fund
Tech winners are not immune to an economic slowdown