Paramount to cut 3% of U.S. workforce as it deepens cost-cutting
It's the latest round of layoffs at Paramount as it contends with cord-cutting and prepares to merge with Skydance Media.
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RFK Jr. removes all members of CDC panel advising U.S. on vaccines
It's the latest move by Kennedy – a prominent vaccine skeptic – to change and potentially undermine vaccinations in the U.S. since he took the helm at HHS.
Bulgaria is set to join the euro zone. But its citizens aren't convinced
The European Commission and European Central Bank have signed off on Bulgaria joining the euro zone.
Disney to pay Comcast $438.7 million to take full control of Hulu, ending lengthy valuation process
Disney will pay Comcast an additional $438.7 million to acquire its stake in streaming service Hulu.
FDA approves Merck’s RSV shot for infants, ramping up competition with Sanofi and AstraZeneca
Merck's shot will compete against a similar blockbuster treatment from Sanofi and AstraZeneca called Beyfortus.
Warner Bros. Discovery split throws the future of TNT Sports into question
Warner Bros. Discovery CEO David Zaslav suggests TNT Sports may move away from HBO Max in the future.
OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth
OpenAI is now generating $10 billion in annual recurring revenue, according to a company spokesperson.
Walmart is using its own fintech firm to provide credit cards after dumping Capital One
Walmart had leaned on Capital One as exclusive provider of its credit card since 2018, but sued the bank in 2023 so that it could exit the relationship.
Warner Bros. Discovery to split into two public companies by next year
The move comes as consumers cut cords from their cable plans and companies focus on streaming.
CEO recession expectations decline from April scare, survey says
The latest poll showed less than 30% of CEOs expected some sort of recession or slowdown over the next six months.