Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
New York Times, after Trump post, says it won’t be deterred from writing about his health
The New York Times and President Donald Trump are fighting again. The news outlet said Wednesday it won't be deterred by Trump's “false and inflammatory language” from writing about the 79-year-old president's health. The Times has done a handful of stories on that topic recently, including an opinion column that said Trump is “starting to give President Joe Biden vibes.” In a Truth Social post, Trump said it might be treasonous for outlets like the Times to do “FAKE” reports about his health and "we should do something about it.” The Republican president already has a pending lawsuit against the newspaper for its past reports on his finances.
Rivian Building Its Own A.I. Assistant
Rivian has spent nearly two years developing an in-house AI assistant, separate from its multibillion-dollar tech partnership with Volkswagen.
PepsiCo to Slash Product Line and Cut Prices
PepsiCo said it will cut nearly 20% of its product offerings and lower prices as part of a new plan shaped by activist investor Elliott Investment Management.
SpaceX Eyes Record-Shattering $1.5 Trillion IPO in 2026
SpaceX is reportedly preparing for a mid-to-late 2026 IPO that aims to raise $30 billion at a staggering $1.5 trillion valuation, according to Bloomberg.
Job Openings Stall as Layoffs Rise in a Cooling U.S. Labor Market
U.S. job openings held nearly steady at 7.7 million in October, indicating continued uncertainty about the direction of the economy.
Microsoft Unveils Massive $17.5 Billion A.I. Investment in India
Microsoft announced a $17.5 billion investment in India’s cloud and AI infrastructure over the next four years, marking its largest Asia investment to date.
OpenAI names Slack CEO Dresser as first chief of revenue
OpenAI has appointed Slack CEO Denise Dresser as its first chief of revenue. Dresser will oversee global revenue strategy and help businesses integrate AI into daily operations. OpenAI CEO Sam Altman recently emphasized improving ChatGPT, which now has over 800 million weekly users. Despite its success, OpenAI faces competition from companies like Google and concerns about profitability. The company earns money from premium ChatGPT subscriptions but hasn't ventured into advertising. Altman had recently announced delays in developing new products like AI agents and a personal assistant.
Trump approves sale of more advanced Nvidia computer chips used in AI to China
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.
The Hybrid Work Revolution: Why Mark Dixon Says the Office Will Never Be the Same
Mark Dixon shares how IWG supports companies through hybrid work, RTO shifts, and the next era of flexible workspaces.
Inside the Surge: How Sports Betting Is Dominating the U.S. Market
U.S. sports betting is booming as NFL and college football fuel massive activity. BetMGM CEO Adam Greenblatt breaks down trends, growth, and what’s next.
Trump says Netflix deal to buy Warner Bros. ‘could be a problem’ because of size of market share
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
What to know about changes to Disney parks’ disability policies
Disney's changes to a program for disabled visitors are facing challenges in federal court and through a shareholder proposal. The Disability Access Service program, which allows disabled visitors to skip long lines, was overhauled last year. Disney now mostly limits the program to those with developmental disabilities like autism who have difficulty waiting in lines. The changes have sparked criticism from some disability advocates. A shareholder proposal submitted by disability advocates calls for an independent review of Disney's disability policies. Disney plans to block this proposal, claiming it's misleading. It's the latest struggle by Disney to accommodate disabled visitors while stopping past abuses by some theme park guests.
Musk Attacks EU After X Fined $140 Million for DSA Violations
Elon Musk criticized the European Union after it fined X $140 million for misleading blue-checkmark practices and insufficient transparency in its advertising.
Dalio Says UAE and Saudi Arabia are Emerging as Major Global A.I. Hubs
The Middle East, led by UAE and Saudi Arabia, is rapidly becoming a global AI powerhouse with massive sovereign-wealth funding and top-tier tech partnerships.
IBM to Acquire Confluent for $11 Billion
IBM announced it will acquire Confluent in a $11 billion all-cash deal, paying $31 per share for the real-time data streaming company.
Paramount Skydance Launches Hostile $30-Per-Share Bid for Warner Bros. Discovery
Paramount Skydance has initiated a hostile takeover attempt of Warner Bros. Discovery (WBD), according to CNBC.
Inside Netflix’s $72B Gamble: Is This the End of Traditional Hollywood?
With a merger this big, creators, studios, and theaters all face uncertain futures. Here’s what experts are worried about and what good could come from it.
