#Breaking: It's a done deal. Paramount's board has approved a deal to merge with Skydance Media. — The deal breathes new life into an iconic Hollywood brand that's lost more than 70% of its market value since 2019, when Shari Redstone recombined Viacom and CBS. — As expected, Skydance CEO #DavidEllison becomes CEO and chair of "New Paramount." RedBird's #JeffShell (former CEO of NBCU) becomes President. — Deal will require regulatory approval. Billions in synergies are anticipated. More on Axios:
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The world's largest Din Tai Fung — a Taiwanese, Michelin-awarded dim sum chain famous for its soup dumplings or xiao long bao — opened in New York yesterday. Din Tai Fung's 25,000 square-foot space on Broadway in Manhattan is its first on the East Coast, and the 16th U.S. location for the global restaurant brand owned by a single family since its 1958 launch in Taipei.
World's largest Din Tai Fung opens in New York
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Ryan Selkis is stepping down from CEO at the crypto data company he founded, Messari, after a series of increasingly controversial political tweets in support of former President Donald Trump. https://trib.al/9QYXr9u
Messari CEO steps down amidst controversial political tweets
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Ken Griffin might be the spendiest man on the planet, regularly setting records for buying the most expensive house, or painting, or other item.
Paintings, houses and a dinosaur: How to spend your billions
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Netflix confirmed that its VP of advertising, former Snap, Hulu and NBCU ad executive Peter Naylor, is departing the company after 18 months. The news comes as Netflix says its ad business is beginning to grow meaningfully.
Netflix's head of ad sales departs amid strong earnings report
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Gas- and diesel-powered vehicles aren't going down without a fight. Ford says that it will invest $3 billion to ramp up production of heavy-duty F-series pickups. Separately, General Motors revealed the 2025 Cadillac Escalade — a full-size SUV.
Electric vehicles won't replace gas cars anytime soon
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A group of the top tech companies unveiled a new coalition that will develop cybersecurity and safety standards for the artificial intelligence tools they're developing.
Google, Microsoft and other tech giants are now working together on AI security standards
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The Daily Wire sent letters to major corporations asking them to "reject" a powerful third-party ad industry coalition that it believes has colluded with agencies, brands, and tech platforms "to demonetize conservative media outlets."
Ad industry coalition targeted by conservatives
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⭐️ Last week, we hosted our second Axios Homecoming and welcomed our newest hires to Axios headquarters!Homecoming is our quarterly event to welcome and integrate new hires from the previous quarter. Over three days, new hires engaged in team-building activities, explored Washington, D.C., connected with colleagues, and learned more about our company and culture. A huge thank you to our amazing presenters and support team for making this event a success! #CompanyCulture #EmployeeExperience #AxiosHomecoming #ThisIsAxios #TeamBuilding
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