BUSINESS

PARAMOUNT GLOBAL FACES $43 BILLION ALL CASH OFFER FROM APEX CAPITAL TRUST

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Apex Capital Trust has made a bold move by offering to acquire Paramount Global for up to $43 billion in an all-cash deal. This comes amid ongoing merger discussions between Paramount and Skydance Media, led by David Ellison. Apex’s bid includes $35 per share for Paramount’s Class A voting shares and $23.28 per share for Class B non-voting shares, representing a 33% premium over recent stock prices.

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SOUTHWEST AIRLINES TO START ASSIGNING SEATS

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Southwest Airlines plans to drop its tradition of more than 50 years and start assigning seats and selling premium seating for customers who want more legroom.

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META PLATFORM AGREES TO $1.4 BILLION SETTLEMENT WITH TEXAS OVER BIOMETRIC PRIVACY LAWSUIT

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Meta Platforms, the parent company of Facebook, has agreed to pay $1.4 billion to Texas to settle a lawsuit accusing the tech giant of illegally using facial-recognition technology to collect biometric data from millions of Texans without their consent. The settlement, announced on Tuesday, is the largest ever by a single state, according to Texas' legal team, which included the plaintiffs' firm Keller Postman.

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ELON MUSK ANNOUNCES TESLA'S PRODUCTION OF HUMANOID ROBOTS STARTING NEXT YEAR

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Tesla CEO Elon Musk has announced that the electric car manufacturer will begin producing and using humanoid robots as early as next year. In a social media post, Musk revealed that these robots, named Optimus, will initially be deployed within Tesla's own operations, with plans to start selling them commercially by 2026.

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MCDONALD'S VOWS TO WIN BACK CONSUMERS AS PROFITS FALL

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Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.

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DISNEYLAND CELEBRATES 69TH ANNIVERSARY WITH SPECIAL $69 TICKET OFFER FOR ANAHEIM RESIDENTS

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Disneyland, in honor of its 69th anniversary, is extending a special offer to Anaheim residents, inviting them to experience the magic for as little as $69 with a one-day ticket. The limited-time promotion, announced on Wednesday, coincides with the park's historic opening on July 17, 1955, fulfilling Walt Disney's visionary dream. This landmark event saw Disneyland emerge as a beacon of joy, drawing over a million visitors within its initial weeks and now welcoming nearly 20 million guests annually across its global locations.

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WARNER BROS DISCOVERY SUES NBA OVER REJECTED MEDIA RIGHTS BID

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Warner Bros Discovery (WBD.O) and its sports division, Turner Broadcasting System, filed a lawsuit on Friday against the National Basketball Association (NBA) in New York, challenging the league's refusal to accept its matching bid for media rights. The media company contends that the NBA's decision violates its agreement with Turner Broadcasting.

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STRIPE'S VALUATION SOARS TO $70 BILLION AS SEQUOIA CAPITAL EYES SHARE PURCHASE

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In a significant development for the fintech industry, payment processing giant Stripe has reportedly reached a valuation of $70 billion. This comes as venture capital firm Sequoia Capital is poised to offer early investors an opportunity to cash out their shares.

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