US Business

The bid gives non-Redstone and nonvoting Paramount shareholders an option to sell shares at a premium.

The Wall Street Journal previously reported that the Justice Department’s investigation into the bank was focused on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.

Disney is on the clock to find its next CEO as Iger’s contract runs to 2026, when he has promised to step down.

The automaker expects to take $1.9 billion in related special charges and write-downs as automakers continue adjusting their EV plans because of softer-than-expected demand.

The U.K.’s antitrust authority closed investigations into Google’s Play Store and Apple’s App Store as it prepares for the rollout of new rules that give the watchdog greater powers to boost competition in digital markets.

Bronfman is looking to scuttle a previous agreement to merge Paramount with David Ellison’s Skydance Media.

Companies reject claims that consumers are being bilked on prices. Still, says one executive, “We understand why there is this sticker shock.”

The software company founder who was recently cleared of fraud accusations is missing after a storm capsized the yacht he was on.

Eli Lilly said preliminary data from a late-stage study showed its weight-loss drug significantly reduced the risk of progression to type 2 diabetes among adults with prediabetes and obesity or overweight.

XPeng’s second-quarter net loss narrowed on stronger sales, higher revenue from its collaboration with Volkswagen and improved margins.