Business Update

The Oracle co-founder has pledged billions to finance Paramount’s takeover bid for Warner Bros. Discovery — which has questions about his commitment. Source link

A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t recover the funds, which criminals wired from inside his account. Source link

Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay. Source link

Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world. Source link

For China, President Trump’s moves to loosen chip controls, soften U.S. rhetoric and stay silent on tensions with Japan amount to a rare string of strategic gains. Source link

The loss of federal funding forced a difficult decision, the executive director of Arkansas TV said: Cut PBS, or go off the air entirely. Source link

Shares in the technology company are down as investors grow anxious that its bet on artificial intelligence, and OpenAI in particular, may not pay off. Source link

It’s hard to make a movie studio tour exciting when movies aren’t made there anymore. “A vibe of tiredness, like the end of something,” one guest said. Source link

The maker of yoga clothing is looking for a new leader after public pressure from the company’s founder. Source link

Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud. Source link