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David Ellison’s Paramount Skydance just got the official green light to buy Warner Bros. Discovery from President Donald Trump’s Department of Justice.The US government signed off on Paramount’s $111 billion mega-deal on Friday, removing a major obstacle for Ellison’s media company as it tries to build a Hollywood superpower. However, Paramount could still face regulatory challenges abroad or lawsuits by US states.”The transaction is not likely to result in harm to competition or American consumers” in streaming, traditional TV, or film production and distribution, the US DOJ said in a statement.The DOJ also said that “substantial evidence does not suggest…

Paramount Skydance CEO David Ellison speaks on stage during the Paramount Pictures presentation at CinemaCon at The Colosseum at Caesars Palace in Las Vegas, April 16, 2026.Valerie Macon | AFP | Getty ImagesThe U.S. Department of Justice has signed off on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, a person familiar with the matter told CNBC Friday. It’s an important milestone for the roughly $110 billion deal that’s drawn criticism over antitrust concerns, though it could still face legal challenges from state attorneys general. California AG Rob Bonta has been among the officials reviewing the proposal, according to prior…

A SpaceX-branded tomahawk steak carving station.That’s the kind of extravagant detail JPMorgan put into a celebration for Elon Musk’s rocket-making company’s record-breaking public debut.JPMorgan is set to host around 250 SpaceX employees at its new Park Avenue headquarters for an intergalaxy-inspired evening with dinner and cocktails Friday, a source familiar with the bank’s plan told Business Insider. The evening will be capped off with a specially curated light show at the top of the 60-story building, featuring rocket launches and space imagery.The lavish celebration was Jamie Dimon’s idea. According to the person familiar with the plans, the JPMorgan CEO personally…

When loud blasts and construction noises were heard at Number One Observatory Circle in 2002, neighbors complained and received letters that read, “Due to its sensitive nature in support of national security and homeland defense, project-specific information is classified and cannot be released.”The letter sparked rumors that a secure bunker was being built after the attacks of September 11, 2001.A spokesperson for the US Navy told the BBC in 2002 that the construction was “an infrastructure and utility upgrade.”Newsweek’s Eleanor Clift reported in 2009 that Biden revealed the existence of the bunker at an annual Gridiron Club dinner, but Biden’s…

Elon Musk, now the world’s first trillionaire, is famous for demanding absolute loyalty. SpaceX’s market debut proves that he also pays it back in dividends, minting a new class of billionaires out of the allies who have stood by him for decades through good times and bad.SpaceX started trading on Friday, instantly turning years of private-market gains into public-market wealth for SpaceX employees, executives, early backers, and venture firms that bought into Musk’s vision long before reusable rockets and satellite internet made the company one of the most valuable businesses in the world.Here are the biggest winners in SpaceX’s IPO,…

Goldman Sachs’ youngest employees are walking into an “innovation supercycle.”CEO David Solomon said as much in his annual welcome letter to interns, sent Friday to the entire firm, where he also celebrated Goldman’s position as lead left bookrunner on SpaceX’s historic IPO.He’s sent a similar note every year since 2019, and said last summer that “the only constant is change,” which proved wise words ahead of a year defined by transformation, even to intern programs themselves.”It’s an extraordinary time,” Dan Dees, the co-head of global banking and markets, told some of the interns at an orientation last week, striking a…

Growing up, all I wanted was to leave my rural hometown of Edenton, North Carolina, behind and move to a big city.Alongside a population of less than 5,000, Edenton has one big grocery store and a downtown that really just consists of a single short main street.Almost every bar and restaurant closes by 10 p.m. on the dot, and it feels impossible to walk through town without seeing a familiar face at least every five minutes.I was tired of small-town living and craved a place full of exciting experiences, trendy restaurants, professional theater productions, and high-profile events — all things…

Elon Musk just became the world’s first trillionaire.With SpaceX opening on the Nasdaq at $150 a share Friday, his stake in the company is worth more than $766 billion. Combined with his Tesla stake, which is worth $280 billion, Musk’s net worth from both companies as of Friday is roughly $1.05 trillion.The SpaceX IPO added more than $180 billion to Musk’s fortune. He’s now worth more than the next five richest billionaires in the world combined. His personal net worth is larger than the national GDPs of Taiwan, Ireland or Sweden.Musk’s coronation as the first person in history to be…

I spent over eight hours on TikTok last weekend.Why? I’ve been busy playing dozens of TikTok’s new mini games — popping pimples, running an oil company, and giving very hairy women makeovers.If I open TikTok now, within a few flicks of the thumb through the main feed, I’m getting ads for “TikTok Minis,” one of the platform’s recent additions that includes both micro dramas and mini games. Micro dramas, bite-sized soap operas (sometimes made using AI), have become a popular format on TikTok.One selling point of the games: They can be played without ever leaving the TikTok app.I got hooked.What…

Dave Lewis had what it took to land jobs at some of the most sought-after Big Tech companies. But after getting laid off twice in three years, he found himself grappling with where he fit into the future of tech.Lewis spent a decade at Google, was laid off by Amazon, rehired by Amazon, and eventually left for Microsoft — where he was laid off again.After the second layoff, the Montana resident thought hard about what came next. He’d spent much of his career in roles that required regular travel, most recently as a sales executive at Microsoft, and wanted to…