Netflix, which offered an $83 billion bid for Warner Bros., announced Thursday it dropped out of the bidding war. That clears the way for Paramount Skydance to buy Warner Bros., which would merge Paramount in Hollywood and Warner Bros. in Burbank for the first time. The iconic studios are about 8 miles from each other and have been around since the early 20th century. Warner Bros. is known for everything from Bugs Bunny and “Casablanca” to the Superman and Harry Potter movies, and Paramount has served as the home to…
Posts published in “Markets”
When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China would feel the squeeze even more. On April 9, 2025, Trump raised the tariff on Chinese goods to 125% – bringing the total U.S. tariff on some Chinese imports to 145%. The move, in Trump’s telling, was prompted by Beijing’s…