Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. The expression of formal interest comes as David Ellison’s Skydance Media, backed by private equity firms RedBird Capital and KKR, awaits word […]Read More
Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working with the entertainment chain to allow customers to place wagers on their arcade games through the Dave & Buster’s app. But some lawmakers are calling foul. Illinois State Rep. Daniel Didech, a Democrat from […]Read More
The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released on Monday. At the projected depletion date, 83% of benefits will be payable if Congress does not act sooner to prevent that shortfall. The Social Security […]Read More
Former Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain’s dismal latest quarterly report, saying he believes the company will recover if it improves its U.S. stores. Schultz, who no longer has a formal role within Starbucks, sees an obvious reason for the downturn. He wrote that the company needs to improve its mobile order […]Read More
Some Libertarian Party leaders are fuming over the party’s decision to have former president Donald Trump headline their national convention this month, with national committee members calling on the party to rescind the invitation. The choice to have the presumptive nominee from another party speak at the Libertarian Party’s nominating convention has inflamed growing schisms […]Read More
Rep. Victoria Spartz (R-Ind.) — the first Ukrainian-born member of Congress — is fighting to hold onto her seat Tuesday against a well-funded primary challenger who has criticized her record on aiding her homeland in its war against Russia. Spartz faces a crowded field of Republican opponents after she reversed her decision to not seek […]Read More
Declaring major new restrictions on border crossings. Canceling billions of additional dollars in student debt. Reclassifying marijuana as less dangerous. Declaring a climate emergency. With six months to go before the election, President Biden is taking or mulling these and other unilateral actions, the latest sign that he plans to fully deploy his executive powers […]Read More
Rep. Jennifer Wexton (D-Va.) stepped to the microphone on the House floor Monday to speak about one of her latest pieces of legislation, as she has done many times before during her five years in Congress. But the voice that gave the speech wasn’t hers — it was from a text-to-voice application, an assistive device […]Read More
Rep. Mike Collins (R-Ga.) on Monday denounced racism and discrimination several days after he shared a video of counterprotesters at the University of Mississippi that included a shot of one participant making apelike gestures and noises in front of a Black woman. The move came after Collins on Friday shared on X a video of […]Read More
The Biden administration is expected to notify Congress this week whether it believes Israel has violated U.S. or international law in Gaza, a determination with significant moral and political stakes for President Biden. The forthcoming report, portions of which are expected to be made public after its transmission to Capitol Hill on Wednesday, arrives at […]Read More
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