Larry Ellison discussed axing CNN hosts with White House in takeover bid talks

Paramount, Comcast, and Netflix have submitted bids for Warner Bros Discovery, as reported by the New York Times. This competitive bidding process is set to reshape the entertainment landscape, with the bids expected to be evaluated soon. The involvement of major players like Paramount and Netflix highlights the ongoing consolidation trends in the media industry.

Crown Prince Mohammed bin Salman of Saudi Arabia is overseeing a restructuring of the kingdom's wealth fund after nearly a decade of costly investments that have yielded mixed results. This comes as President Trump welcomed him to the White House, highlighting the ongoing relationship between the U.S. and Saudi Arabia.

Nvidia reported a strong revenue forecast, expecting sales of approximately $65 billion for the January quarter, surpassing analysts' predictions by about $3 billion. This announcement has alleviated concerns regarding a potential bubble in the AI industry. In response, stock futures surged, and the Nikkei 225 index rose over 3%. Additionally, White House officials are advocating against a bill that would restrict Nvidia's AI chip sales to China and other adversarial nations.

White House officials are urging Congress to reject a bill that would restrict Nvidia's ability to export AI chips to China and other adversarial nations. This measure has raised concerns about its potential impact on the semiconductor industry and national security. The White House's position reflects a broader strategy to maintain technological leadership while managing geopolitical tensions.

The White House has urged Congress to reject a bill that seeks to block Nvidia from exporting AI chips to China and other adversarial nations. This request highlights the administration's concerns regarding the potential negative impact on the semiconductor industry and national security. The bill's rejection is seen as crucial for maintaining the competitiveness of U.S. technology firms in the global market.

A 101-year-old shipping company has filed for Chapter 11 bankruptcy amid a downturn in the freight industry, which includes trucking, rail, maritime shipping, air, logistics, and warehousing. The downturn has been exacerbated by the implementation of tariffs by the White House, contributing to uncertainty in the market.

The attendance of prominent business leaders at a White House dinner for Saudi Crown Prince Mohammed bin Salman highlights the strengthening ties between the U.S. and Saudi Arabia. President Trump hosted the event, which saw numerous top executives gather to discuss potential collaborations and investments.

US equity futures rose ahead of Nvidia's quarterly earnings report. Goldman Sachs President John Waldron described the recent market pullback as 'healthy.' President Trump announced plans to designate Saudi Arabia as a major non-NATO ally following discussions with Crown Prince Mohammed bin Salman at the White House. Robinhood CIO Stephanie Guild commented on the market's overall downturn.