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CN and UP reach settlement on Norfolk Southern merger
FreightWaves13d agoneutral
CN and UP reach settlement on Norfolk Southern merger

Canadian National will support the UP-NS merger in exchange for improved access to markets in the U.S. Midwest and Mexico. The post CN and UP reach settlement on Norfolk Southern merger appeared first on FreightWaves.

Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap
Reuters13d agoneutral
Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap

Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to ‌dismiss the possibility and citing growing overlap between the companies. “As you can tell from the many ‌collaborations on so many fronts with SpaceX, there’s more and more overlap,” Musk said on Tesla's earnings call. “We can't talk about, you know, ​combining companies and that kind of thing on an earnings call," he added.

Tesla-SpaceX merger? Musk cites 'more and more overlap'
Yahoo Finance Video13d agoneutralVIDEO
Tesla-SpaceX merger? Musk cites 'more and more overlap'

Elon Musk addresses shareholder questions about a potential merger between Tesla (TSLA) and SpaceX (SPCX), noting their growing operational overlap before deferring to Tesla's General Counsel, who highlights their strategic partnership and joint work on initiatives like Terafab and Digital Optimus.

Other Call Highlights, Including a SpaceX Merger Question
Barrons.com13d agoneutral
Other Call Highlights, Including a SpaceX Merger Question

Many topics came up, including questions about a potential merger with Elon Musk's other trillion-dollar company, SpaceX. Tesla robo-taxis are running version 15 of the company's Full Self Driving, or FSD, software. The updated version is designed to improve self-driving capabilities.

European Union gives its greenlight to Paramount and Warner's mega merger with some conditions
Associated Press14d agoneutral
European Union gives its greenlight to Paramount and Warner's mega merger with some conditions

The European Union approved Paramount's $81 billion takeover of Warner Bros. Discovery this week, effectively clearing another regulatory hurdle for a mega merger that could vastly reshape the entertainment and media landscape worldwide. The European Commission — which serves as the EU's antitrust enforcer — said that even with a Paramount-Warner combo, enough competitors would exist across markets like film production and streaming in its 27-nation bloc. To address this, the Commission said Skydance-owned Paramount agreed to end its European Economic Area stake in United International Pictures — a longstanding venture with another major studio, Universal, that Paramount has used to distribute films in theaters outside North America.

OpenAI IPO delayed by Apple threat?
Yahoo Finance Video14d agoneutralVIDEO
OpenAI IPO delayed by Apple threat?

Host Kenny Polcari, Hennion & Walsh CIO Kevin Mahn, and Neostellar Capital Corp Principal Willy Lee break down Apple's intellectual property lawsuit against OpenAI, how it exposes Apple's AI vulnerabilities, and why the legal battle could push the highly anticipated IPO to 2027.

SK Hynix Dismisses Intel Ohio Buyout Report: 'We Have No Plans for an Acquisition' (UPDATED)
Benzinga14d agobearish
SK Hynix Dismisses Intel Ohio Buyout Report: 'We Have No Plans for an Acquisition' (UPDATED)

Editor’s Note: This story has been updated to include a response from an Intel spokesperson. SK hynix Inc (NASDAQ:SKHY) said Tuesday it has neither pursued nor decided to acquire Intel Corp‘s (NASDAQ:INTC) Ohio semiconductor campus, denying a media report that claimed the South Korean memory chipmaker was in talks to buy the site. SK hynix Responds to Korea JoongAng Daily Report SK hynix issued the clarification in a Korea Exchange filing after Korea JoongAng Daily reported that the company was

OpenAI Is Adding Two Independent Board Members Ahead of IPO
The Wall Street Journal15d agoneutral
OpenAI Is Adding Two Independent Board Members Ahead of IPO

OpenAI is adding David Vélez, founder and global chief executive of Nubank, a Latin American digital services firm, and Robin Vince, the chief executive of Bank of New York Mellon to its board of directors, the company said. Vince will chair the audit committee, OpenAI said. The company has worked to improve its corporate governance after a previous set of directors abruptly fired Chief Executive Sam Altman three years ago for what they described as a lack of candor in his communications, throwing the company into disarray.