NYTIMES (Rebecca Robbins) - Moderna’s Shift to Cancer Company Lifts Stock Up 177%
The company’s fortunes cratered as demand for Covid-19 vaccines plummeted. But it was busy working on something else.
JUSTTHENEWS (Misty Severi) - Florida demands scores of NYT records in attempt to scrutinize its editorial process
The attorney general contends that the paper has engaged in “editorial malpractice" that could expose the publication to costly litigation and ultimately hurt its shareholders, which includes retirees in his state.
NYTIMES (Jack Ewing and Ryan Mac) - Elon Musk’s Next Move May Be a Mega-Merger of SpaceX and Tesla
Some shareholders might object, but there is little they could do, legal experts say.
DAILYCALLER (Faith Miller) - Major Oil Company’s Shareholders Ditch Blue State’s ‘Woke Cartel’ For Texas
'Congrats to Exxon shareholder for beating the woke cartel'
NYTIMES (Ryan Mac) - SpaceX’s Unconventional Corporate Arrangements Favor Elon Musk
The ways it set up its board and Mr. Musk’s pay appear to benefit him at the expense of other shareholders, corporate governance experts said.
ABCNEWS - General Motors says it expects $500 million tariff refund after SCOTUS ruling
The company on Tuesday released a letter from CEO Mary Barra to shareholders.
AXIOS (Sara Fischer) - Warner Bros. Discovery shareholders approve Paramount Skydance deal
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…Open
DAILYCALLER (Leena Nasir) - Warner Bros. Shareholders Approve $111 Billion Paramount Takeover Deal
The merger will cost Paramount $111 billion in cash.
ABCNEWS - Warner Bros. Discovery shareholders approve Paramount takeover
The move marks a major step toward the $111 billion media merger.
NYTIMES (Michael J. de la Merced) - Bill Ackman’s Fund Offers to Buy Universal Music in $64 Billion Deal
The complex transaction pitched by the billionaire hedge fund manager would need to pass muster with the music label’s shareholders.