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The California Attorney General has stated that the Paramount-Warner Brothers Discovery deal is not finalized and could be detrimental to Hollywood, posing a regulatory risk.
Apple has held exploratory discussions with Intel and Samsung about producing main processors for its devices in the United States as a secondary option to Taiwan Semiconductor Manufacturing Company.
Approximately 90% of all chips in the world are manufactured in Taiwan, creating a potential supply chain chokepoint.
Apple's supply chain diversification strategy is driven by geopolitical risk concerning Taiwan and potential aggressive moves from China.
Tim Cook is reportedly moving from the CEO role to the chairman role at Apple.
Paramount's streaming service reported a profit for the first time, achieving about $250 million in adjusted EBITDA for the first quarter.
The combined company from the Paramount and Warner Brothers Discovery merger is projected to have approximately $80 billion in debt, representing a leverage ratio of about seven times EBITDA.
The acquisition of Warner Brothers Discovery is expected to increase Paramount's share count from 1 billion to 5 billion, resulting in massive dilution for existing shareholders.
A combined Paramount, Skydance, and Warner Brothers Discovery streaming service is projected to have over 220 to 230 million subscribers.
Coinbase is cutting 14% of its workforce, which amounts to approximately 700 jobs.
PayPal has targeted generating over $6 billion in free cash flow this year and plans to use it for stock buybacks.
PayPal is reportedly planning to cut 20% of its workforce, which could eliminate around 4,500 jobs from its employee base of over 24,000.