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The Latest Breaking News from Larry Ellison

Plan for editorial oversight board at CNN and CBS News draws skepticism: ‘Utter garbage’

Some network employees and media-watchers have questions and concerns about how arrangement will work

The Guardian - US

Paramount settles lawsuits with 12 US states, clearing way for Warner merger

States including California and New York sued over concerns of ‘extinguishing competition’ with $81bn merger

The Guardian - US

John Oliver jabs at Paramount CEO David Ellison and his ‘business daddy’ Larry

Oliver’s HBO show has been renewed through 2027

The Independent UK

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Paramount eyeing California exit as it looks for office space in Nashville, report says

Los Angeles Mayor Karen Bass and California Attorney General Rob Bonta were reportedly alerted to an impending exit announcement, though the deadline passed without a formal statement from the studio

The Independent UK

Billionaires are flocking to these 3 Florida localities—here's how much they save in state taxes

Florida's lack of a state income tax and wealth tax is pulling the ultrawealthy to three localities in particular.

Fortune

Oracle’s Q1 Results Prove the AI Trade Is Going Nowhere

Oracle posted a beat-and-raise quarter in Q1, but questions remain.

Barchart

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Larry Ellison has scrapped his strategy to unload up to fifty million shares of Oracle. No shares have been sold under this plan, and there are currently no further sales anticipated. Despite exceeding Wall Street forecasts in their recent quarterly results, Oracle's stock has dipped this year due to investor…

The Economic Times

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There are fewer than 4,000 billionaires worldwide, and they now hold a record $15.1 trillion. That's nearly half of the U.S. economy

Just 29 superbillionaires now control more than one-quarter of all billionaire wealth, up from 7% in 2017.

Fortune

Hollywood blacklisting: Susan Sarandon shares her support for Palestine has cost her film roles

The 79-year-old actress has been vocal with her support for Palestine amid the ongoing conflict in Gaza and shared that her activism carries professional consequences. Her comments follow several artists coming to the defence of actor Mark Ruffalo, who has also been the victim of a "smear campaign".

Euronews

‘He’s a good man’: George Clooney defends Mark Ruffalo in Paramount-Warner Bros merger row

‘I worry whenever big companies are consolidating,’ Clooney said at Venice film festival, supporting Ruffalo’s right to criticise the deal amid antisemitism accusations

The Guardian - UK

Todd Haynes and Wallace Shawn among signatories of letter backing Mark Ruffalo amid antisemitism charge

More than 170 Jewish artists, also including Joel Coen, Hannah Einbinder and Miranda July, have supported the actor after he criticized Paramount

The Guardian - US

Big tech goes to Hollywood: is Silicon Valley ready for a silver-screen reckoning?

Its moguls are ripe subjects for drama, and there is huge anticipation for forthcoming features The Social Reckoning and Artificial. But other projects have failed as the film industry is increasingly colonised by IT empires

The Guardian - UK

Nvidia CEO Jensen Huang eats dinner with someone ‘and their stock price doubles the next day’

People want to know where the CEO is dining, and more importantly, who he's with.

Fortune

Hannah Einbinder defends Mark Ruffalo as Paramount ‘antisemitic’ row explodes

The Hacks star has publicly supported the Marvel actor after his criticism of the Ellison family and the proposed Paramount-Warner Bros. Discovery merger triggered a bitter dispute.

BANG Premier

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The Guardian - AU

Mark Ruffalo fires back at Paramount Skydance after it accuses him of using ‘antisemitic tropes’

Actor says highlighting role of Oracle CEO Larry Ellison in media company’s merger with Warner Bros Discovery has been ‘dishonestly framed as being anti-Israel’

Fortune

The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them

Driven partly by proposed wealth taxes, some of America’s richest people have poured hundreds of millions of dollars into waterfront Florida real estate.

BANG Premier

Mark Ruffalo slammed by Paramount over ‘bridge too far’ merger attack

The Hollywood star has become embroiled in a public dispute with the studio over his extraordinary attack on their business dealings.

The Economic Times

Quote of the day by Oracle co-founder Larry Ellison, 'Taking care of your employees is extremely important and very, very visible' offers timeless wisdom on teamwork, productivity in workplace, kindness, compassion, empathy, charity, shows psychology of true success

Larry Ellison's quote offers a timeless life lesson about leadership, employee engagement, and business success. Taking care of employees is not simply about providing benefits or creating a comfortable workplace; it is about demonstrating through consistent action that people are essential to the organization’s future. Employees notice whether leaders respect…

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International Business Times UK

Larry Ellison's AI Bet Made Him Richer Than Musk: Then Came Oracle's $129.5B Debt Problem

Oracle's aggressive AI infrastructure expansion has led to significant financial commitments, impacting Larry Ellison's wealth. The company's strategy hinges on future AI demand to justify its debt.

Barchart

As Oracle Deepens Its Partnership with AWS, Here’s How You Should Play ORCL Stock

The partnership has extended the presence of Oracle AI Database@AWS to 22 regions.

International Business Times UK

Jensen Huang, Larry Page, and Sergey Brin Lose $27B Combined; Musk and Zuckerberg Grow Richer

Elon Musk and Mark Zuckerberg's fortunes soared, while Larry Page and other tech billionaires faced steep losses on the Forbes list, highlighting tech stock volatility.

Fortune

Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

The AI boom has turned the standard profit margin model on its head, according to Apollo chief economist Torsten Slok—and it’s making the industry’s growth unsustainable.

The Guardian - US

Bari Weiss’s overhaul of CBS News has been rocky. But her 60 Minutes revamp will be the ultimate test

Ten months into her tenure as editor in chief, Weiss’s biggest – and riskiest – bet is getting closer to taking flight

The Guardian - UK

Paramount concessions lead UK to approve takeover of Warner Bros

Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5

The Guardian - US

David Ellison claims opposition to his mega-merger stems from potential CNN control

With $111bn deal to acquire cable network’s parent company stalled in courts, Ellison courts public

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