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David Ellison’s Paramount Skydance beat earnings estimates on Tuesday — but the media mogul and his billionaire father may need to get their checkbooks ready.Paramount is expected to need to pay Warner Bros. Discovery shareholders more than $1 billion in so-called ticking fees after a federal judge set the date for the trial about its merger: March 2.The Ellisons and Paramount’s other financial backers agreed to pay WBD investors $650 million per quarter, which is about $7 million per day, that its merger isn’t finalized, starting after September 30.There are 169 days between October 1 and March 19, which is…

The Lucid Gravity is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California. This year’s edition of the Los Angeles Auto Show includes a range of new SUV models. Josh Lefkowitz | Getty Images News | Getty ImagesLucid Group missed Wall Street’s second-quarter expectations as the electric vehicle manufacturer conducts an “operational reset” amid leadership changes and cost-cutting efforts.The company is also delaying its upcoming midsize vehicle that was expected to launch at the end of this year until “most likely” the second half of next year,…

An aerial view of the Paramount logo displayed on the water tower at Paramount Studios on Dec. 8, 2025, in Los Angeles, California.Mario Tama | Getty ImagesParamount Skydance raised its full-year guidance on Tuesday and reported second-quarter results that showcased the continued strengths of streaming and weaknesses of linear TV. While Paramount beat Wall Street expectations for revenue and reported gains in its streaming unit, led by its Paramount+ streaming service, its portfolio of cable TV networks continued to weigh on the overall company. Still, Paramount noted that cost cutting and its “creative execution” for the traditional TV business helped…

For a brief moment, we looked for love in a hopeless place: TikTok.TikTok tested a new dating feature over the past week that thrust users into live group chats with other singles.The tool lived in a section of the app called “hangout” that’s tailored toward multi-guest experiences. It invited users who wanted to flirt to join chat rooms with “great people” or “awesome people to meet,” according to different versions of the feature viewed by Business Insider.TikTok’s live dating option, which was made available to a subset of users in the US and a few other markets, is now being…

Employees serve customers at the first Chipotle fast-food restaurant in northeastern Mexico on its opening day in San Pedro Garza Garcia, July 16, 2026.Daniel Becerril | ReutersChipotle Mexican Grill said Tuesday it temporarily pulled jalapenos from restaurants in Minnesota after learning that their supply may have been linked to a salmonella outbreak.Shares of Chipotle closed nearly 10% lower. “We have a robust ingredient traceability system and, upon learning of a potential Salmonella outbreak in the supply chain impacting several food service retailers, we proactively identified jalapeños as a potential common ingredient from a common lot, removed them from the restaurants…

Novo Nordisk CEO Maziar Mike Doustdar waits for the start of the pharmaceutical company’s annual general meeting in Copenhagen, Denmark, March 26, 2026. Tom Little | ReutersU.S.-traded shares of Novo Nordisk dropped about 6% on Tuesday after the Danish drugmaker released guidance that appeared to disappoint investors. The company hiked its 2026 outlook, saying it expects adjusted sales to be down 6% to flat at constant exchange rates. Novo Nordisk previously said it anticipated adjusted sales would fall between 4% and 12%. The drugmaker also said it expects adjusted operating profit to be in a range of down 6% to…

When my husband and I bought our house in 2019, the real-estate agent knew the house two doors down from us would eventually be up for sale.My husband and I joked that his parents would buy it when it was.Two years later, it was listed — and they did (after asking permission from my husband and me, who greenlit their purchase before they even made an offer).I am fully aware I wouldn’t have to look hard to find someone saying you couldn’t pay them enough to live next to their in-laws, but I never felt that way and have a…

Remember David Ellison’s warm relationship with President Donald Trump?The Paramount Skydance CEO seems to wish you wouldn’t.Ellison courted Trump as he sought approval from the Department of Justice for his Warner Bros. Discovery deal. Now, Ellison is facing a lawsuit from 12 Democratic states — and he’s looking to distance himself from partisan politics. The deal is on hold as it heads to trial.”There has been speculation about my politics, my loyalties, my intentions,” Ellison wrote in a New York Times opinion piece on Tuesday that defended the deal.Ellison said his politics are “just like most Americans,” with “some views that…

Procter & Gamble is buying supplement brand Thorne for $3.8 billion, CEO Shailesh Jejurikar said on CNBC’s “Squawk on the Street.”The acquisition, which is set to be announced Tuesday, is a bid for P&G to grow its health and wellness division. The consumer goods giant already owns several other supplements brands, like Metamucil, Align Probiotic and New Chapter vitamins, which are housed within a broader healthcare division that includes Oral-B and Vicks.”We are really happy with the asset itself,” Jejurikar told CNBC’s Sara Eisen. “It’s a really well-run operation, and it’s been around for a long time.”Thorne was founded in…

McDonald’s tried a new value menu. Customers aren’t loving it.The fast-food giant’s comparable US sales growth slowed to 0.8% during its second quarter, a slower clip than the 2.5% it reported for the year-ago quarter. The chain also changed leadership of its US business, naming Skye Anderson as president, taking over for Joe Erlinger effective Tuesday.McDonald’s has spent the last couple of years experimenting with its value offerings, including a $5 meal deal. It’s one of many restaurant chains, from Chili’s to Burger King, that has experimented with more value-focused menus in the last few years as diners deal with…