Breaking News: Business
- Netflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per share - MediaNetflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per sharePublished Fri, Dec 5 20257:11 AM ESTUpdated 2 Min AgoSara Salinas@in/sara
- Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.
- Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter - Paramount attorneys sent a letter to Warner Bros. Discovery questioning whether its acting in the best interest of shareholders.
- RFK Jr.'s vaccine panel to vote on changing hepatitis B shot recommendation for babies - The current recommendation for babies to receive a hepatitis B shot within 24 hours of birth is credited with driving down infections in kids by 99%.
- Trump's South Korea tariff cuts are major boost for Hyundai and GM - The Trump administration said the tariff rate for vehicles from South Korea will drop to 15% as part of a trade deal.
- Trump administration to announce new fuel economy standards Wednesday, sources say - The oil industry group the American Petroleum Institute has lobbied the Trump administration to repeal the Biden fuel economy standards.
- Macy’s posts strongest growth in more than 3 years, but strikes cautious note on holidays - RetailMacyâs posts strongest growth in more than 3 years, but strikes cautious note on holidaysPublished Wed, Dec 3 20256:57 AM ESTMelissa Repko@in/melissa-re
- Holiday shopping turnout jumps to 202.9 million people during Thanksgiving weekend, NRF says - Shoppers said they were motivated by sales and promotions, such as limited-time offers, according to the trade group's annual survey.
- OpenAI is under pressure as Google, Anthropic gain ground - Sam Altman reportedly sent a memo to his staffers outlining a "code red" effort to improve ChatGPT.
- Apartment rents drop further, with vacancies at record high - A good supply of new multifamily units is coming online at a time of much weaker demand.