Chocolate giant Mars in $29B deal to buy Kellanova, maker of Pringles
Chocolate giant Mars said it would buy rival snack company Keranova for about $30 billion, the largest acquisition ever in the packaged food industry. The privately held company, which makes popular chocolate bars such as Snickers, M&Ms and Milky Way, said it had agreed to buy Keranova in cash for $83.50 per share, or a […]
Ex-Google CEO blames ‘work from home’ for tech giant lagging in AI race
Former Google CEO Eric Schmidt has blamed the tech giant’s work-from-home policies for falling behind in the AI race. One professor asked Schmidt why he thought Google had lost its lead to startups like OpenAI and Anthropic. The conversation with the Stanford University student was posted to YouTube on Tuesday.. “Google decided that work-life balance […]
Mark Zuckerberg unveils giant statue of his wife Priscilla Chan in a nod to Roman tradition
If your wife is happy then your life is happy, right? Tech mogul Mark Zuckerberg has shown his love for his wife, Priscilla Chan, by gifting her a giant sculpture of her likeness in a tribute to her Roman heritage. “Reviving the Roman tradition of making a sculpture of your wife,” Zuckerberg, 40, captioned the […]
Paramount TV Studios to shut down as Shari Redstone-led media giant begins slashing 2K jobs ahead of likely Skydance merger
Paramount Television Studios will be closed as part of a broader cost-cutting effort ahead of parent company Paramount Global’s merger with Skydance Media, company executives said. The entertainment giant’s three co-chief executives announced the closure of the studio, known for producing shows such as “The Offer,” “Reacher” and “13 Reasons Why,” and began major layoffs […]
Bottom Line: Tax bill architect to lobby for private equity giant
Tax Baker & Hostetler LLP Already registered Lobby on tax policy, including provisions of the Tax Cuts and Jobs Act of 2017, some of which expire in 2025. The Carlyle GroupOne of the world’s largest private equity firms. One of the lobbyists for this account chairs three subcommittees of the House Ways and Means Committee. […]
Morgan Stanley’s ETF move a ‘giant step’ for bitcoin adoption – Blockworks
Enjoy Blockworks.co’s On the Margin newsletter today, and get the news delivered straight to your inbox tomorrow. Subscribe to the On the Margin Newsletter. Welcome to the On the Margin newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what’s in today’s edition: What it means for Morgan Stanley to allow advisors to […]
JPMorgan Chase's Plan to Charge 80,000,000 Customers for Basic Checking Accounts and Services Is 'Outrageous,' Say US Senators in Blistering Response to Banking Giant – The Daily Hodl
JPMorgan Chase has warned it may soon impose unprecedented fees on its more than 80 million customers and is already hearing from U.S. lawmakers. In a letter to the major banks, luckDemocratic Sens. Elizabeth Warren and Chris Van Hollen slammed banks for trying to increase fees, including charges for basic checking accounts and services. “Will […]
Wedding giant The Knot Worldwide cuts 4% of workforce in restructuring
Wedding-planning giant Knot Worldwide cut about 4% of its global workforce this week as part of an internal restructuring, according to information obtained by The Washington Post. About 100 employees in The Knot’s sales and marketing departments have been laid off, according to a person familiar with the matter. The company began notifying affected employees […]
RV retailer Camping World defies order by California officials to take down giant American flag
A major RV dealer has been ordered to remove its giant American flag, but the dealer has ignored the order from California state authorities. Camping World RV Sales, located in French Camp, California, about 80 miles east of San Francisco, had a giant American flag flying above its dealership until April, when county officials ordered […]
San Diego Zoo welcomes two giant pandas from China in conservation partnership
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