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Exclusive-Tata's iPhone parts factory contaminated farmland water, India pollution body alleges
Reuters67d agoneutral
Exclusive-Tata's iPhone parts factory contaminated farmland water, India pollution body alleges

An Indian pollution regulator has alleged wastewater discharged from a Tata components factory for Apple's iPhone has contaminated the groundwater for nearby farms and warned of a ‌forced shutdown unless Tata gives a satisfactory explanation. India's Tata Electronics is central to Apple's push to diversify iPhone production ‌beyond China and is the second-biggest supplier to Apple in South Asia after Taiwan's Foxconn. The Tata plant under investigation is in Hosur in southern Tamil Nadu state ​and makes back panels and other components for iPhones.

AAPL
Investing.com67d agoneutral
Private market data sector seen reaching $30bn TAM by 2030

Investing.com -- The private market data industry could grow to as much as $35 billion by 2030, according to a report from UBS. The expansion is expected to be driven by growing private market assets and rising demand for analytics, transparency, and reporting solutions.

SPGI
US Justice Department clears Paramount's acquisition of Warner Bros
Reuters Videos67d agoneutralVIDEO
US Justice Department clears Paramount's acquisition of Warner Bros

<body><p>STORY: The U.S. Justice Department's (DOJ) Antitrust Division said it has cleared Paramount Skydance Corp's planned acquisition of Warner Bros. Discovery.</p><p>It said the $110 billion transaction was unlikely to harm competition or consumers,</p><p>saying its impact "will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers."</p><p>Paramount thanked the DOJ for its review of the transaction.</p><p>It said the deal&nbsp;would allow the company to better compete in an industry defined by an intense scramble for audiences, talent, technology and investment.</p><p>Paramount CEO David Ellison's father, billionaire Oracle co-founder Larry Ellison, has cultivated ties with President Donald Trump.</p><p>Assistant Attorney General Omeed Assefi had said that politics would "absolutely not" drive the DOJ's review of the transaction.</p><p>The Federal Communications Commission has yet to approve Paramount's petition for foreign investors to own up to 100% of the deal's debt.</p><p>Several in Hollywood have expressed concern that the merger would result in fewer jobs and less diversity of storytelling.</p><p>Sources familiar with the matter told Reuters last week that California, New York and other U.S. states are preparing a lawsuit to block the deal.</p></body>

ORCLPSKY
Investing.com67d agoneutral
What is the impact of the World Cup on the U.S. economy?

Investing.com -- Goldman Sachs estimates the 2026 FIFA World Cup could provide a temporary boost to U.S. employment, consumer spending, and inflation over the coming months, with the largest effects expected to appear in June.

BKNGDAL
The world wants more high-protein products, but there's not enough whey to go around
Associated Press67d agoneutral
The world wants more high-protein products, but there's not enough whey to go around

Athletes and older adults have long used smoothies and shakes blended with whey protein concentrate – a powdered byproduct of cheese-making – to build or maintain muscle. The average U.S. supermarket now has 38,708 products advertising their protein content, according to NielsenIQ, a market research company. “Demand is very firm and seemingly outpacing supply for right now,” said Kathleen Wolfley, vice president of Ever.Ag Insights, a data provider and consulting company for the agriculture industry.

SBUX
Associated Press67d agoneutral
Paramount Skydance merger with Warner Bros. Discovery won't harm competition, consumers, DOJ says

An investigation by the U.S. Justice Department into Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has determined that the mammoth Hollywood media merger is not likely to harm competition in the industry or be harmful for consumers. The agency said Friday that it closed its probe into the deal, with regulators at its antitrust division concluding that the impact of the merger “will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers.” David Ellison’s Paramount Skydance reached a deal to acquire Warner Bros. Discovery in late February.

WBD
Justice Department Clears Paramount-Warner Bros. Discovery Deal
The Wall Street Journal67d agoneutral
Justice Department Clears Paramount-Warner Bros. Discovery Deal

The Justice Department has cleared Paramount $81 billion purchase of Warner Bros. Discovery removing one hurdle for the entertainment companies’ megadeal. The department’s antitrust division said Friday that the merger would likely improve competition “across the media and entertainment ecosystem, with benefits for American consumers and workers.” The combination of Paramount and Warner stands to reshape the entertainment industry by putting two legacy movie and TV studios, as well as multiple news outlets, streaming platforms and cable networks under one roof.

PSKYWBD
The Great, Big, Boring SpaceX IPO
Barrons.com67d agoneutral
The Great, Big, Boring SpaceX IPO

The SpaceX initial public offering was expected to deliver exciting twists and turns, fireworks, and flare-ups—the kind of drama usually reserved for a summer thriller. The public debut of SpaceX—officially Space Exploration Technologies — portended different things to different investors but was significant for all. To others, it represented a gateway to an artificial intelligence-fueled utopia, in which SpaceX is worth trillions.

ASTSLUNRMETARKLB
Investing.com67d agoneutral
DOJ clears Paramount Skydance’s $110 billion Warner Bros. deal - report

The unconditional clearance removes the primary federal regulatory hurdle standing between the two media giants and what would be one of the largest media combinations in history. Politico's report was corroborated by Newsmax and Quiver Quantitative, each also citing people familiar with the matter, though an official DOJ press release had not been published as of this writing.

PSKYWBD
Best ways to barbecue on a budget this summer
Yahoo Finance Video67d agoneutralVIDEO
Best ways to barbecue on a budget this summer

Persistent inflation could be sticking around for the summer. With Fourth of July Weekend just three weeks away, Wells Fargo Agri-Food Institute Group head Robin Wenzel outlines how food prices could impact Americans' summer cookout and backyard barbecue plans.

WFC
3 things investors Need to watch next week
Yahoo Finance Video67d agoneutralVIDEO
3 things investors Need to watch next week

Yahoo Finance's Jared Blikre takes a look at the top stories for investors to watch this week, including SpaceX's (SPCX) first full day of trading as a public company, Federal Reserve Chair Kevin Warsh's first interest rate decision on Wednesday, and earnings reports from Accenture (ACN) and The Kroger Co. (KR).

ACNSPCX
Bloomberg67d agoneutral
SpaceX Strikes Rare Deal to Pay $0 to Bankers for IPO Greenshoe

(Bloomberg) -- SpaceX, which had already negotiated to pay razor-thin fees on its record initial public offering, somehow managed to get an even better deal out of its investment bankers. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekSpaceX Shares Close 19% Higher After Historic $75 Billion IPOXbox Plans Significant Layoffs as New CEO P

BACCGSJPMMS
Bloomberg67d agoneutral
SpaceX Strikes Rare Deal to Pay $0 to Bankers for IPO Greenshoe

(Bloomberg) -- SpaceX, which had already negotiated to pay razor-thin fees on its record initial public offering, somehow managed to get an even better deal out of its investment bankers. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekSpaceX Shares Close 19% Higher After Historic $75 Billion IPOWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOXbox Plans Significant Layoffs as New CEO P

BACCGSJPMMS
As SpaceX Makes Musk Trillionaire, Some Dissent on NYC’s Streets
Bloomberg67d agoneutral
As SpaceX Makes Musk Trillionaire, Some Dissent on NYC’s Streets

(Bloomberg) -- In New York City, the heart of financial capitalism, there were plenty of signs of excitement about SpaceX’s IPO, which set off a feeding frenzy on Wall Street and turned Elon Musk into the world’s first trillionaire.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOSpaceX

JPMNDAQ
Meta's Zuckerberg admits 'mistakes' made on AI transformation
Reuters67d agoneutral
Meta's Zuckerberg admits 'mistakes' made on AI transformation

Meta CEO Mark Zuckerberg has ‌said that the social media ‌giant has made mistakes on its AI ​transformation, in an internal memo seen by Reuters. In the memo, Zuckerberg describes the rapid advances in AI ‌and the ⁠challenges bought on by the boom in the technology, ⁠as well as how it has affected the company. "Given the complexity ​of these ​changes, we've ​made mistakes and ‌will almost certainly make more," Zuckerberg said, adding that he is also "focused on providing as much stability as possible" going forward.

META
The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist
24/7 Wall St.67d agoneutral
The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist

I keep hitting the buy button on SoFi Technologies (NASDAQ:SOFI), and the Fed-driven tech sell-off this month has only made my finger heavier. The stock sits at $16.67, down 36.33% year to date, while the QQQ has gained 16.74% over the same window. That gap is the opportunity. The market is pricing SoFi like a ... The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist

NVDAQQQSOFI