OpenAI pushes back on Musk lawsuit, says billionaire suggested merger with Tesla
Wall Street Alliance Group partner Aadil Zaman and Peapack Private Wealth Management managing principal David Dietze react to Sam Altman’s return to OpenAI five days after he was fired from Making Money. OpenAI hit back on Tuesday Elon Musk’s lawsuit Claims the startup has abandoned its original nonprofit mission by revealing communications showing the billionaire […]
JetBlue, Spirit call off $3.8B merger after losing antitrust suit
Low-cost airlines JetBlue and Spirit halted their $3.8 billion merger plan on Monday, weeks after a federal judge blocked the merger citing anticompetitive concerns. A successful deal would have created the fifth largest airline in the United States and ensured Spirit’s survival. “While both companies continue to believe in the pro-competitive benefits of a merger, […]
Ousted architect of Trump’s Truth Social merger sues to block potential $10B deal
A former executive of a blank check acquisition organization planning to take Donald Trump’s social media company public is seeking to block the deal until he receives a larger payout, according to a lawsuit filed Thursday in Delaware. filed a lawsuit. ARC Global Investments II, run by Patrick Orlando, said the amount of stock it […]
Democratic chorus against proposed Capital One-Discover merger grows louder
The proposed merger between credit card companies Capital One and Discover has been criticized by Democrats on the House Financial Services Committee for what they say are mergers and lax regulation of the financial sector. 16 Democrats on the House Financial Services Committee, including Ranking Member Maxine Waters (D-Calif.); wrote a letter On Wednesday, he […]
Kroger-Albertsons merger: Is it good or bad for shoppers?
A lawsuit filed by the Biden administration’s Federal Trade Commission (FTC) to block Kroger and Albertsons’ proposed $24.6 billion merger will question whether the partnership hurts competition, as the agency claims, or if it hurts competition. This is causing a debate as to whether this is the case. Beneficial for consumers. The deal would see […]
Warner Bros. Discovery halts merger talks with Paramount Global
A list of potential suitors for Paramount Global was released on Tuesday after Warner Bros. Discovery announced it would no longer pursue merger talks with the struggling media giant, according to reports. Shrunk. CNN’s parent company, Shari Redstone, struggled for months before making the decision to exit Shari Redstone’s debt-ridden company, CNBC reported, citing sources […]
Battle ramps up over grocery giants’ proposed merger
The agency said,Largest supermarket merger proposal “In U.S. history” could stifle competition, raise prices and harm workers. “This supermarket megamerger comes at a time when American consumers have seen their grocery prices steadily rise over the past few years. Kroger’s acquisition of Albertsons is expected to increase grocery prices for everyday staples. “This would lead […]
FTC, state AGs sue to block Kroger-Albertsons merger
The Federal Trade Commission (FTC) says Kroger’s $24.6 billion supermarket merger proposal could stifle competition, lead to higher prices and harm workers. The company filed a lawsuit seeking an injunction against the acquisition of Sons. Nine bipartisan attorneys general from Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon, and Wyoming joined […]
Democrats urge Biden administration to block Capital One, Discover merger
Several Democratic lawmakers on Sunday urged the Biden administration to block the planned merger of Capital One and Discover Financial Services, saying it would consolidate the credit card market and limit consumer choice. Sen. Elizabeth Warren (D-Mass.) and 12 House Democrats said the $35.3 billion merger would elevate Capital One from its status as the […]
AT&T’s outage nightmare, Nvidia smashes records, Capital One-Discover merger
The president of Yardeni Research gave his views on the easing of pessimism in the stock market, saying that the economy is “very resilient” in terms of “making money”. — Nationwide cell phone outage caused by AT&T leaves customers without their phones. — Nvidia leads Dow, S&P 500 and Nasdaq to break records — Capital […]