Companies & Startups News

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Ford to take $19B in charges tied to sweeping EV unwind

Ford CEO Jim Farley explains why the automaker is overhauling its electric vehicle business after struggling for years to make it profitable. He speaks with Matt Miller on "Bloomberg The Close."

Bloomberg

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Robinhood's on 2026 crypto plans for U.S., EU

Johann Kerbrat, Robinhood SVP and General Manager of Crypto, discusses the company's crypto plans and new tools for advanced traders. He tells Romaine Bostick and Katie Greifeld on "The Close" that Robinhood plans to expand crypto featur...

Bloomberg

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Will the European Parliament approve Mercosur trade deal?

Next week, the EU is entering the final phase of the Mercosur trade deal that might create a market of 700 million people between Europe and South America. But will it?

Euronews

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Netflix and Paramount's bidding war over Warner Bros, explained

Is anyone ever going to prioritize the art of cinema or are we asking for too much?

Mashable

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Medra raises $52 million to speed drug discovery with AI robots

Medra, which programs robots with AI to conduct and improve biological experiments, has raised $52 million to build what it says will be one of the largest autonomous labs in the United States. Medra CEO Michelle Lee joins Caroline Hyde ...

Bloomberg

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Disney licenses characters for use in Sora and ChatGPT

A new agreement between Disney and OpenAI will allow users to generate their own AI videos of iconic characters like Mickey Mouse, Elsa, Darth Vader and dozens more.

CBS News

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Mercedes-Benz signs landmark 10-year partnership with WTA

Mercedes-Benz has entered a historic 10-year partnership with the Women's Tennis Association, a deal valued at up to $500 million. Tennis legends Billie Jean King and Roger Federer highlighted the significance of the agreement for the fu...

SNTV

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Oracle slides on AI spending, erases over $100B in market value

Oracle Corp. shares plunged after the company escalated its spending on AI data centers and other equipment, erasing more than $100 billion in market value. The latest earning report and share slide marks a reversal of fortunes for a com...

Bloomberg

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WTA lands record Mercedes mega-deal

The WTA is locking in a blockbuster partnership with Mercedes-Benz with a multiyear deal that is set to become the largest sponsorship in women's sports history. The tour will be branded "WTA Tour Driven by Mercedes" starting in 2026, ...

Bloomberg

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SpaceX said to pursue 2026 IPO, raising far above $30 Billion

Phil Haslett, co-founder and chief strategy officer at EquityZen, one of the largest platforms for pre-IPO shares - weighs in on Bloomberg's exclusive report that SpaceX is moving ahead with plans for an IPO that would seek to raise sign...

Bloomberg

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Trump's Nvidia reprieve spurred by Huawei's AI gains

President Donald Trump decided to let Nvidia sell its H200 chips to China after weeks of deliberations with advisers. Bloomberg's Annabelle Droulers breaks down the key factors that drove the decision.

Bloomberg

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SpaceX said to pursue 2026 IPO

SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, according to people familiar with the matter. The transaction would make it the biggest listing of all time. T...

Bloomberg

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Microsoft CEO on AI skills for the future

Microsoft CEO Satya Nadella speaks about his company's $17.5 billion investment in India's AI infrastructure as well as plans to improve AI skills among millions of people in India.

Bloomberg

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Warner Bros. fight hinges on value of shrinking cable assets

Although Netflix Inc. and Paramount Skydance have wagered competing bids for Warner Bros. Discovery Inc., Paramount's offer includes the struggling cable TV networks, while Netflix's offer does not include these assets.

Bloomberg

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Paramount launches hostile takeover bid for Warner Bros.

Paramount Skydance made a hostile takeover bid for Warner Bros. Discovery for $108 billion US just days after Netflix announced it made a $72-billion US deal with the legacy studio. It’s a move that even has U.S. President Donald Trump w...

CBC News

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Trump says he's letting Nvidia sell some AI chips to China

President Trump announced Monday he will allow Nvidia to sell its advanced H200 computer chips to "approved customers" in China, but Mr. Trump said the deal does not include Nvidia's more advanced Blackwell system or its soon-to-be-relea...

CBS News

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How Paramount's hostile bid for Warner Bros. compares to Netflix deal

Paramount Skydance, the parent company of CBS News, has launched a $108 billion hostile bid for Warner Bros. Discovery just days after WBD said it had agreed to a nearly $83 billion deal with Netflix. Fortune business editor Nick Lichten...

CBS America

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Macy’s CEO: more store closures planned for 2026

Tony Spring says Macy's is seeing record service scores and shoppers seeking fresh offerings. He tells Romaine Bostick on "The Close" that additional store closures are planned for 2026, supported by a stronger digital business.

Bloomberg

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IBM to buy Confluent for $9.3B to expand AI services

IBM is buying the data-streaming platform Confluent for about $9.3 billion, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time.

Bloomberg

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Netflix to buy Warner Bros Studios in multi-billion dollar deal

Streaming giant Netflix is buying one of Hollywood's oldest and most famous studios, in a multi-billion dollar deal. The firm is acquiring the studio and streaming business of Warner Brothers Discoverym the company behind franchises such...

Al Jazeera

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The rise of restaurant groups

Most people love checking out that trendy new restaurant in the city, but some might not realize what seems like an independent spot could actually be part of a much bigger group. CBC's Paula Duhatschek breaks down why more companies are...

CBC News

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Meta plans big cuts to its Metaverse efforts

Meta is expected to meaningfully cut resources for building the so-called metaverse, an effort CEO Mark Zuckerberg once framed as the future of the company. Bloomberg's Kurt Wagner discusses the news and the reason behind it with Carolin...

Bloomberg

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Betting on anything is exploding in popularity

Prediction-market trading, where you can invest in the outcome of real-world events, is rapidly growing in popularity.

CBS America

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CEO defends embryo screening for certain traits amid criticism

Big leaps in science are presenting parents with choices that were once impossible -- screening the DNA of embryos to help pick a future child with lower risks of disease, and higher odds of being taller or even smarter. But with the new...

CBS America

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Warner Bros. bidding war intensifies

The bidding war for Warner Bros. Discovery intensifies with Comcast renews its push to fold the studio into NBCUniversal, while Netflix and Paramount Skydance make their own offers.

Bloomberg

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Costco files lawsuit against Trump administration over tariffs

Retail giant Costco is suing the Trump administration over its sweeping tariffs. In a federal lawsuit, the company argues the president exceeded his authority when he imposed his extensive tariffs on U.S. trading partners earlier this year.

CBS America

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OpenAI's Altman declares 'code red' on ChatGPT: Reports

OpenAI Chief Executive Officer Sam Altman is declaring a "code red" to speed up improvements to ChatGPT, the Information reported. Altman on Monday called for a "surge" to improve ChatGPT while delaying progress on other efforts such as ...

Bloomberg

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DeepSeek debuts new AI models to rival Google and OpenAI

China's DeepSeek unveiled two new versions of an experimental artificial-intelligence model it released weeks ago, adding fresh capabilities the startup said would help with combining reasoning and executing certain actions autonomously.

Bloomberg

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Netflix makes mostly cash offer for Warner Bros.

Warner Bros. Discovery was fielding a second round of bids on Monday, including a mostly cash offer from Netflix Inc., in an auction that could wrap up in the coming days or weeks, according to people familiar with the discussions.

Bloomberg

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Circular financing worries surround Nvidia

Fiona Cincotta, senior analyst from City Index, says worries around Nvidia's circular financing are here to stay as they announced a $2 billion investment in Synopsys. She speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Bloomberg