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The ex-health secretary says he would not make campaign promises that he would have to later reverse. Source link
The Fox Corp. headquarters are seen on June 15, 2026, in New York City.Michael M. Santiago | Getty ImagesThe media industry has long been preparing for consolidation and mega deals. And yet Fox Corp.’s acquisition of Roku seems to have taken the market by surprise. On Monday, Fox said it would acquire Roku for $22 billion, bringing a streaming tech platform – in addition to a second free, ad-supported streaming service – into its portfolio of linear TV networks and Tubi. While analysts lauded the deal as a strategic pivot for the legacy media company, Fox shareholders received the news differently. Its…
Amazon may face penalties from potential FTC ad suit, Bloomberg News reports Source link
Slater’s replacement, Acting Assistant Attorney General Omeed Assefi, insisted in an interview with Reuters in March that the Paramount/Warner deal will not be fast-tracked for approval because of political factors. “The idea that somehow enforcement has been politicized is ludicrous,” he said. DOJ says merger will boost competition The DOJ announcement of its approval said the deal is likely to increase competition in the streaming video market “by offering consumers a more robust competitive alternative” to the larger offerings. The deal would combine Paramount+ with HBO Max. The DOJ also said the merger is unlikely to harm competition in the…
In an aerial view, family homes line the streets of a neighborhood on May 23, 2026 in Thousand Oaks, California. Kevin Carter | Getty ImagesAn affordable housing bill limiting how many single-family homes major investors can buy is poised to be signed into law before the end of the month after key lawmakers in the House and Senate reached an agreement Tuesday. The bill, which is focused on increasing the supply of homes, would not include a controversial provision requiring major investors to sell any housing units they build within seven years, but would cap the number of single-family homes…
The SpaceX initial public offering was, by all accounts, a major success , and it has stayed red hot out of the gate. On Tuesday, its third day of trading, the stock peaked over $225 a share, before closing well off the highs at $201.68. For much of the day, Elon Musk’s rocket-and-AI company had a market capitalization larger than Amazon , which is worth $2.65 trillion. They finished the day roughly even. The question to ask now: Has the IPO and early trading revealed the true demand for SpaceX stock, or are we still in the honeymoon period, when…
Potential Tropical Cyclone One forms off Texas coast, threatening dangerous flash flooding Source link
Nikolas Kokovlis | Nurphoto | Getty ImagesWith SpaceX’s stock rocketing during its first three days of trading, Elon Musk’s company is getting an assist from the Department of Justice, which asked a federal court in Mississippi to toss a case against the company brought by the NAACP. The suit was filed in April by the NAACP, which claimed that xAI, Musk’s artificial intelligence lab now owned by SpaceX, violated the federal Clean Air Act by using dozens of methane gas-burning turbines to power its AI data centers without proper permits or pollution controls. The turbines emit smog-forming pollutants and particulate…
Campaigners say requirements to cut livestock grazing could lead to a 90% cull of its hill ponies. Source link
Oil prices fell to their lowest level in three months Tuesday, as the U.S. will reportedly allow Iran to immediately begin selling crude under the terms of the deal to end the conflict. Brent crude futures fell 5% to close at $78.96 per barrel, the first time the international benchmark has fallen below $80 since March. U.S. West Texas Intermediate futures lost 5.8% to settle at $76.05.People familiar with the matter told The Wall Street Journal that oil sanctions relief for Iran will take effect immediately after the agreement is signed. A senior U.S. official told CNBC that Iran can…