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Workday stock climbs as activist investor Elliott takes billion stake

Workday stock climbs as activist investor Elliott takes $2 billion stake

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Shares of Workday popped 9% on Wednesday after activist investor Elliott Investment Management announced a $2 billion stake in the company. Workday announced a multi-year plan to enhance its operating model and capital allocation framework on Tuesday, and Elliott said it believes the plan will drive “substantial long-term value creation.” “We believe CEO Carl Eschenbach, CFO Zane Rowe and the […]

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TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

Finance News

The upcoming commercial agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber. “Where this thing is capitalized and how large it is remains to be seen,” Faber said during CNBC’s “Squawk on the Street” on Tuesday.

TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say Read More »

OpenAI says nonprofit parent will own equity stake in company of over 0 billion

OpenAI says nonprofit parent will own equity stake in company of over $100 billion

Finance News

Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI on Thursday said its nonprofit parent will continue to have oversight over the

OpenAI says nonprofit parent will own equity stake in company of over $100 billion Read More »

Warner Bros. Discovery stock is up 25% after report Paramount Skydance is preparing a takeover bid

Warner Bros. Discovery stock is up 25% after report Paramount Skydance is preparing a takeover bid

Business News

Signage at the Warner Bros. Discovery headquarters in New York, US, on Thursday, June 12, 2025. Victor J. Blue | Bloomberg | Getty Images Warner Bros. Discovery shares soared more than 25% Thursday afternoon on a report from the The Wall Street Journal that the recently merged Paramount Skydance was preparing a takeover bid. Shares

Warner Bros. Discovery stock is up 25% after report Paramount Skydance is preparing a takeover bid Read More »

Alphabet’s Verily covered up HIPAA violations, whistleblower says in lawsuit

Alphabet’s Verily covered up HIPAA violations, whistleblower says in lawsuit

Finance News

Alphabet’s health tech subsidiary Verily used the health data of more than 25,000 patients without authorization and actively covered up those violations, a former company executive alleges.  The executive, Ryan Sloan, claims Verily fired him after he discovered breaches of the Health Insurance Portability and Accountability Act, or HIPAA, and reported his concerns to the

Alphabet’s Verily covered up HIPAA violations, whistleblower says in lawsuit Read More »

Former Milwaukee Bucks owner Marc Lasry says he doesn’t believe L.A. Clippers owner Steve Ballmer circumvented salary cap

Former Milwaukee Bucks owner Marc Lasry says he doesn’t believe L.A. Clippers owner Steve Ballmer circumvented salary cap

Business News

Former Milwaukee Bucks co-owner Marc Lasry said he doesn’t believe L.A. Clippers owner Steve Ballmer attempted to circumvent the NBA’s salary cap by working with a third-party company to surreptitiously pay superstar Kawhi Leonard in 2021 “It’s not something I would ever believe,” Lasry told CNBC in an exclusive interview. “I’ve always found him to

Former Milwaukee Bucks owner Marc Lasry says he doesn’t believe L.A. Clippers owner Steve Ballmer circumvented salary cap Read More »

ESPN inks deal with EverPass Media to bring ESPN+ to bars, restaurants

ESPN inks deal with EverPass Media to bring ESPN+ to bars, restaurants

Business News

EverPass Media has inked a deal with Disney‘s ESPN to distribute live games and other content from its ESPN+ streaming service to bars, restaurants and other commercial establishments in the U.S. The deal bulks up EverPass’ offering of live sports streaming to businesses. EverPass already provides the NFL’s “Sunday Ticket” package, as well as all

ESPN inks deal with EverPass Media to bring ESPN+ to bars, restaurants Read More »

Anthropic agrees to pay .5 billion to settle authors’ copyright lawsuit

Anthropic agrees to pay $1.5 billion to settle authors’ copyright lawsuit

Technology News

Jaque Silva | Nurphoto | Getty Images Anthropic has agreed to pay at least $1.5 billion to settle a class action lawsuit with a group of authors, who claimed the artificial intelligence startup had illegally accessed their books. The company will pay roughly $3,000 per book plus interest, and agreed to destroy the datasets containing

Anthropic agrees to pay $1.5 billion to settle authors’ copyright lawsuit Read More »

NBC touts record NFL season ad revenue, sells out of Super Bowl LX spots

NBC touts record NFL season ad revenue, sells out of Super Bowl LX spots

Business News

Rashee Rice #4 of the Kansas City Chiefs reacts with the NBC Sunday Night Football Player of the Game football following the win against the Atlanta Falcons at Mercedes-Benz Stadium on September 22, 2024 in Atlanta, Georgia. Todd Kirkland | Getty Images Sport | Getty Images The NFL season officially starts on Thursday, and Comcast’s

NBC touts record NFL season ad revenue, sells out of Super Bowl LX spots Read More »

Sen. Rand Paul blasts Trump’s stake in Intel as ‘a step towards socialism’

Sen. Rand Paul blasts Trump’s stake in Intel as ‘a step towards socialism’

Finance News

Sen. Rand Paul, R-Ky., on Wednesday criticized the Trump administration’s decision to take a 10% stake in embattled chipmaker Intel, calling the investment “a step towards socialism.” Intel announced last month that the U.S. government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a

Sen. Rand Paul blasts Trump’s stake in Intel as ‘a step towards socialism’ Read More »

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