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CVR Energy in Advanced Talks for $4B Marathon Refinery Deal
CVR Energy is nearing a roughly $4 billion agreement to acquire refining assets from Marathon, according to reports.
Political Ad Spending Surge Keeps Broadcast TV Dominant
Despite a broad shift toward digital media, local broadcast TV stations are capturing outsized revenue from midterm election ad spending, especially in Texas.
FBI Ties Record $6.3 Billion Crypto Theft to North Korea via Binance
Federal investigators have linked a record-breaking $6.3 billion cryptocurrency theft involving Binance to North Korean state actors.
Bayer Wins Roundup Cancer Trial Amid Ongoing Settlement Review
A jury sided with Bayer in a Roundup weedkiller cancer lawsuit, as the company awaits a key ruling on its broader settlement strategy.
DoorDash Acquires Instacart in $17 Billion Merger Deal
DoorDash is buying Instacart for $17 billion, merging the top U.S. restaurant delivery app with the leading online grocery platform.
Weil Gotshal, Historic Law Firm, Plans to Dissolve
Weil Gotshal & Manges, once a dominant force in bankruptcy law, is planning to dissolve after nearly a century in operation.
California Eyes Quartz Ban, Spurring Shift to Safer Countertop Materials
A potential California ban on engineered quartz is pushing contractors and retailers toward alternative countertop materials amid worker health concerns.
Audi Plans Georgia Factory Amid White House Tariff Pressure
President Trump announced Audi will build a factory in Georgia, a move seen as Volkswagen seeking trade concessions from the administration.
Trade Desk CEO Pushes Through Option Repricing Despite Investor Pushback
Trade Desk's chief executive moved forward with a stock option repricing plan over objections from shareholders, according to reports.
Braskem Creditors and Shareholders Near $11B Debt Deal
Braskem is approaching a major debt restructuring agreement worth $11 billion, Bloomberg reports, as creditors and shareholders close in on a deal.
American Express to Cut 5% of Staff in AI-Driven Restructuring
Amex announced a 5% workforce reduction alongside a $336M restructuring charge as CEO Stephen Squeri cited AI preparation as the driving force.
Valaris and Transocean Plan Shareholder Votes on Merger Deal
Offshore drilling giants Valaris and Transocean have scheduled shareholder meetings to vote on their proposed business combination.
Zuckerberg Strikes Deal to Keep Meta Rooted in California
Mark Zuckerberg negotiated an agreement to remain in California, highlighting corporate anxiety over a significant state tax proposal.
Comcast Tops Earnings Estimates Amid Media-Connectivity Divide
Comcast beat Wall Street expectations as media revenue cushioned softness in its connectivity segment while a spinoff of the media unit moves forward.
Netflix Eyes Wider Theatrical Push as Sarandos Seeks Growth
Netflix co-CEO Ted Sarandos signals the streamer needs new growth avenues, with theatrical distribution emerging as a key strategic option.
Full House Resorts Seeks Financing for Permanent American Place Casino
Full House Resorts is pursuing financing to develop a permanent facility for its American Place casino property.
Alaska Air Warns of Wider Q4 Loss as Fuel Costs Surge
Alaska Air Group revised its fourth-quarter outlook downward, citing higher-than-anticipated fuel expenses that will weigh on the carrier's bottom line.
Adaptive Headlight Technology Reaches More U.S. Cars
Smart headlights that improve nighttime visibility are becoming more available in the U.S., where half of traffic deaths occur after dark.