Activist investor Bill Ackman’s Pershing Square Capital Management is offering to purchase Taylor Swift and Bad Bunny’s music label, Universal Music Group, in a cash-and-stock transaction valued at approximately $64 billion. The proposed deal would involve Universal Music merging with Pershing Square SPARC Holdings, an acquisition company approved by the Securities and Exchange Commission in 2023.
LAS VEGAS (AP) – The Las Vegas Review-Journal announced Friday that it will no longer print its rival the Las Vegas Sun for the first time in decades, amid an ongoing legal dispute over the nation’s last joint operating agreement stemming from a 1970 law designed to preserve newspapers.
NEW YORK (AP) – Kalshi and Polymarket, the two biggest prediction market platforms, rushed to institute new industry guardrails and add new surveillance tools on Monday after two key senators announced legislation that could severely curtail the industry’s prospects.
NEW YORK (AP) – Elon Musk, the world’s richest man and now first-ever trillionaire, controls a lot of different businesses. Electric vehicles. Brain implants. Underground tunnels. A social media platform once called Twitter. And a rocket maker that blasted off its trading from Wall Street this week.
NEW YORK (AP) – High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday.
WASHINGTON (AP) – Less than a week after the Supreme Court struck down President Donald Trump’s global tariffs, New York Gov. Kathy Hochul listened as one of the plaintiffs in the case recounted the financial toll of the levies on his wine importing business.
LAS VEGAS (AP) – Nathan Chasing Horse was expected to be sentenced Wednesday morning for sexually assaulting Indigenous women and girls, drawing to a close a case that sent shock waves through Indian Country.
LAS VEGAS (AP) – When his parents were about his age, they bought their first home. But for 27-year-old Brian Torres Suazo, that milestone feels like a distant dream, despite a secure job with union wages and down payment assistance.
WASHINGTON (AP) – President Donald Trump and French President Emmanuel Macron will meet over dinner at the glittering Palace of Versailles near Paris after the G7 summit of leading industrialized nations next week in France, their governments announced Saturday.