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July 13 (Reuters) - India's largest asset manager, SBI Funds Management, sold shares worth 26.63 billion rupees ($278.50 million) to anchor investors including the sovereign wealth funds of Singapore
SpaceX is one of the 10 largest companies in the world. But its presence in the major ETFs thus far has been relatively minimal.
The stock is nearing its $135 IPO price after slipping below its $150 debut level.
Paramount Skydance's (PSKY) proposed acquisition of fellow media and entertainment giant Warner Bros
<body><p>STORY: :: California and 11 states are suing to block Paramount's $110 billion acquisition of Warner Bros</p><p>:: Los Angeles, California / July 13, 2026</p><p>:: Rob Bonta, California Attorney General</p><p>"We're here, I'm here to announce a lawsuit that I filed, and that a coalition of 12 states have filed challenging the proposed merger of Paramount, Skydance and Warner Brothers Discovery and asking the court to block the merger from moving forward." // "This $110 billion proposed merger, the largest merger in Hollywood history, would extinguish competition. It would result in higher prices, lower content quality and fewer movies and TV shows." // As our complaint makes clear, this deal is illegal under the Clayton Act. That is a law that has been on the books for over 100 years. It prevents mergers that may substantially lessen competition or tend to create a monopoly."</p><p>The lawsuit is a serious threat to Paramount CEO David Ellison's bid to transform his company into a major competitor to Netflix and Disney.</p><p>If allowed to move forward with the deal, Paramount would control 27% of the distribution market for films that appear on screens across America, 30% of blockbuster film distribution and 27% of the market for basic cable channels, the states said.</p><p>It will likely take months for a ruling on the states' claims, causing a delay that could rack up hundreds of millions of dollars in costs for Paramount.</p><p>The deal has led to an outcry from actors, writers, and others fearing it will hurt jobs. Theater owners also opposed the deal, worrying the combination of the Warner Bros movie studio with Paramount Pictures would result in fewer films.</p><p>Paramount said the lawsuit distorts settled antitrust law and is based on a misrepresentation of competition in the entertainment industry.</p></body>
California Attorney General Rob Bonta is leading a coalition of 12 attorneys general in filing a lawsuit challenging the acquisition of Warner Bros. by Paramount.
(Updates with Paramount Skydance's statement in the fourth and fifth paragraphs.) Paramount Skyda
SpaceX stock has fallen about 7% from its first-trade price of $150, giving back much of the post-IPO rally
Investing.com -- California Attorney General Rob Bonta on Monday led a coalition of 12 state attorneys general in filing a lawsuit to block Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, arguing the deal would unlawfully reduce competition across the U.S. film and television industry.
State attorneys general from a dozen states including California, New York and Washington filed a lawsuit to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery.
SpaceX spent nearly a month giving back its IPO gains. SK hynix erased its opening-day surge before the first session even closed. When two of the most anticipated debuts of the year unravel this fast, something bigger than bad timing is at work.
Rocket Lab is a pure-play space stock with businesses spanning the entire space value chain.
Jason Kidd, COO of the $46 billion fast-casual chain, is looking to promote talent with four key traits—team players who “own the outcome” have the best shot.
Another analyst on Wall Street is getting on board the SpaceX trade, just as the stock hits a weak moment.
AI expansion, index additions, and bullish analyst initiations failed to prevent post-IPO profit-taking.
(Bloomberg) -- Shein Global Holdings Ltd. is seeking to list in Hong Kong as soon as in August after securing approval from China’s securities regulator, according to people familiar with the matter.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as
Chipotle has to deliver on a few fronts soon.
Agenus is financially abandoning an ongoing study in late-line colorectal cancer. Elsewhere, an ebola vaccine began human testing and an important Bristol Myers medicine got an FDA decision date.
Ultra-fast fashion retailer Shein is reportedly preparing for a long-anticipated initial public offering (IPO) now set to take place in Hong Kong as early as September or October.
(Bloomberg) -- Saudi Arabia’s NourNet is working with Goldman Sachs Group Inc. and HSBC Holdings Plc on a potential initial public offering, according to people familiar with the matter, adding to a pipeline of Gulf listings despite the regional conflict.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retireme
This consumer-facing company has increased its net sales annually for more than three decades.
Salesforce is hoping its acquisition of Fin can help accelerate revenue growth.
J.P. Morgan just outlined why a SpaceX-Tesla merger could make strategic sense on paper. It also got into why investors shouldn't mistake that for a likely deal.
Anduril Industries is opting to stay private for now as CEO Brian Schimpf says soaring AI and defense company valuations make the current market an unfavorable environment for a public listing. Anduril CEO Says Current AI Defense IPO Market Is...
Tesla investors who have bet on Elon Musk and his electric vehicle company have been rewarded for their faith time and again. The stock seems immune to prolonged downturns, even when Tesla (TSLA) fails to deliver on one of Musk's grandiose promises. And when he does deliver, the stock also pushes ...
Morgan Creek Capital’s Mark Yusko said SpaceX is like Dogecoin in that it has a thin float to provide exit liquidity for Musk and early investors.
Juan Hernandez, who now works as a welder at Jeff Bezos-owned rival Blue Origin, is one of more than 4,400 current and former SpaceX employees who became millionaires on paper when the company went public. When SpaceX hired Juan Hernandez as a welder in 2015, the company offered him $10,000 in ...
Coursera has announced new job cuts as part of a restructuring after its merger with Udemy.
His early bet on the rocket company has likely made him much richer than his father Rupert Murdoch ever did.
Csquare, a data center operator backed by Brookfield, is going public as investors are growing skeptical about AI and IPOs.
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