The legal delay is real: California AG Rob Bonta secured an agreement blocking the $110 billion deal from closing before June 1, 2027, or until the lawsuit's merits are decided. Both stocks fell as the industry absorbed the plot twist.
businessSaturday, July 25, 2026
Paramount-WBD merger delayed by lawsuit
The proposed Paramount-WBD merger hit a legal wall today, with a federal judge granting a temporary restraining order that delays the deal until at least June 2027. The news sent both stocks sliding and gave opponents a clear win, while the broader implications for media consolidation hang in the balance.
Merger on hold
The Paramount-WBD deal is the day's biggest story, with multiple outlets covering the legal delay and its fallout.
Paramount's lawyers conceded they'd likely lose an injunction fight, so they'll prepare for a prolonged trial instead. The state AGs see this as a strategic victory.
The temporary restraining order was granted by a federal judge, and the WGA is also involved in the lawsuit. The deal is paused until at least June 2027.
AI and energy moves
Two big infrastructure stories: Nvidia locks down memory supply for a massive AI buildout, and a B.C. town becomes a flashpoint in Canada's electricity future.

Nvidia locked down a long-term AI memory supply deal with SK Hynix potentially worth $500 billion. The buildout targets enough capacity to require 2 gigawatts of power, suggesting a massive infrastructure push.

Powell River, B.C., is ground zero for a fight over exporting power to the U.S. Brookfield's proposal raises conflict-of-interest questions around Prime Minister Mark Carney, who previously chaired Brookfield.
Also today15
‘It’s become a nepo baby sport’: how secondhand fashion got so expensivewww.theguardian.com
Limited enforcement and the organization of productionideas.repec.orgThe diamond study everyone is quoting has a funding problembit.ly
BofA sees 5-year Treasury bond bear market endingbit.ly
How to Get More Clients for Your Small Business in 2026social.talkbitz.com
The Latest Gig Economy Hustle? Restaurant Line Sitting.www.eater.com
Remember Tesla?www.theatlantic.com
Tesla has experienced a significant decline from its peak as the world's biggest EV company, symbolized by the Cybertruck's poor sales performance (roughly 7,000 sold in early 2026 vs. a projected 250,000 annually). The article examines how Elon Musk's political affiliations (wit
Selectoropsmtrs.com
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What founders told us about working with AI tools for startupsrobots.thoughtbot.com
Based on conversations with startup founders, mentors, and advisors, this article explores the nuanced reality of using AI tools for startups. While AI enables non-technical founders to ship working prototypes quickly, it doesn't solve fundamental challenges like validating wheth
Nexthinkopsmtrs.com
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‘Reverse Recruiter’ Startup Wants You to Pay If Its AI Agent Finds You a Jobgizmodo.com
A startup called Refer is offering an AI-powered "reverse recruiter" service for job seekers. Instead of representing companies looking to fill roles, Refer's AI agent works on behalf of workers to find them job opportunities. The catch is that users must pay a portion of their s
Why Costco keeps gas prices so low—it's 'straight out of the retail playbook,' expert sayswww.cnbc.com
Costco is experiencing record demand for its gasoline as rising gas prices (exacerbated by the escalation of the war in Iran) drive more Americans to seek cheaper fuel. During the quarter ending May 10, Costco's gas stations saw unprecedented volume, with multiple warehouses requ
Nigel Farage ‘plans to put business leaders in cabinet’ if Reform party wins powerwww.independent.co.uk
Nigel Farage's Reform UK party is reportedly planning to offer cabinet positions to business leaders if it wins the next general election, as part of an effort to woo City figures and counter criticism of its economic plans. Labour Prime Minister Keir Starmer has attacked Farage
Morgan Stanley says SpaceX at $100 prices its entire AI business at zerostartupfortune.com
Morgan Stanley analyst Adam Jonas warned that if SpaceX shares fall to $100 as post-IPO lockup restrictions lift, the market would effectively be assigning zero value to the company's AI business. At that price, Morgan Stanley's sum-of-the-parts analysis suggests investors would
US small businesses challenge Trump’s new forced labour tariffswww.aljazeera.com
Two US small businesses have filed a lawsuit in New York challenging President Trump's latest round of tariffs on goods from 60 trading partners. The lawsuit argues that the new tariffs, which are based on forced labour concerns, require more detailed country-specific findings to
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India's education system in focus today
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