Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion. Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.
SAN FRANCISCO (AP) – TikTok has signed agreements with three major investors – Oracle, Silver Lake and MGX – to form a new TikTok U.S. joint venture, ensuring the popular social video platform can continue operating in the United States.
THE HAGUE, Netherlands (AP) – A core question for European Union leaders discussing whether to use frozen Russian assets to help Ukraine is whether the idea is legally sound. But even if they approve the plan, Russia has limited options for challenging it in court.
Excerpts from recent editorials in the United States and abroad:
LONDON (AP) – The Bank of England on Thursday cut its key interest rate for the first time in four months as stubbornly high inflation that has plagued British consumers and businesses starts to ease.
NEW YORK (AP) – Warner Bros. Discovery is recommending its shareholders reject an unsolicited buyout offer from Paramount Skydance in favor of a rival bid from Netflix it said will better serve their interests and the entertainment company’s audiences.
The U.S. Postal Service said Wednesday it intends to open its “last-mile” delivery network, the most expensive part of the shipping process, to large and small shippers, expanding beyond current arrangements with giants such as Amazon and UPS.
FRANKFURT, Germany (AP) – European officials on Tuesday moved to ease their ban on sales of cars with internal combustion engines by 2035, responding to pressure from governments and automakers who argued that the industry needed more flexibility in finding ways to reduce emissions of carbon dioxide and help achieve EU climate goals.
OMAHA, Neb. (AP) – The proposed $85 billion merger of Union Pacific and Norfolk Southern railroads has lost the support of two unions that represent more than half their workers over concerns it will jeopardize safety and jobs, raise shipping rates and consumer prices, and cause significant disruptions.