Bitcoin hits highest level since January at $86,000, as the market debates whether the 'crypto winter' is over

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Paramount settles lawsuit with US states, helping clear way for $110bn merger with Warner Bros

States including California and New York sued over concerns of ‘extinguishing competition’ with $81bn merger Paramount has reached a settlement with California and several other states that sued over a proposed $81bn merger with Warner Bros Discovery ( WBD ), the California attorney general announced Monday, clearing the way to consolidate some of Hollywood’s most recognizable TV networks and studios under one owner. Though the merger was approved by the justice department in June, a coalition of 12 states, led by California, had sued over concerns that combining two of the five last legacy studios in Hollywood would “extinguish competition” and lead to fewer movies in theaters and on streaming platforms. Continue reading...

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Treasury yields ease as global borrowing costs tumble

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Paramount and state AGs settle lawsuit, allowing Warner Bros. merger to proceed

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FAA halts flights to Newark, Philadelphia, New York because of equipment problem

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