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Paramount Skydance Settles State Lawsuit Over $110 Billion Warner Bros. Discovery Merger

Paramount Skydance reached a settlement with state attorneys general who had sued to block its $110 billion merger with Warner Bros. Discovery, avoiding a trial that was scheduled for next spring. As part of the deal, Paramount agreed to boost domestic production, follow certain theatrical release rules, and create a new board to oversee editorial independence at CBS News and CNN. CEO David Ellison told staff the company now expects to close the merger within about two weeks.

Nasdaq president Nelson Griggs weighs impact of potential Anthropic, OpenAI IPOs

At Fast Company's Innovation Festival, Nasdaq president Nelson Griggs discussed with senior writer Ainsley Harris how prospective massive public listings from AI leaders such as Anthropic and OpenAI could transform public markets. He framed these mega-IPOs as a distinct new category that could alter how capital flows into major industries and the broader economy.

Anthropic CEO's AI Warning Rattles Global Tech Stocks, Lifts Oil Prices

Global markets sold off in tech shares after Anthropic's chief executive published a weekend essay cautioning against an unchecked race among AI developers to release increasingly powerful models. Nasdaq futures fell and AI-linked stocks dropped worldwide, while oil prices climbed as investors shifted away from riskier tech bets.

Salesforce, Meta lead Club portfolio gainers as broader market slides on oil, yields

CNBC's Investing Club reported that its portfolio stocks diverged sharply from a broader market pullback driven by rising oil prices and a 10-year Treasury yield near 4.9%. Salesforce surged 21.3% on strong earnings and an AI-optimistic outlook, while Meta Platforms gained 9.9%, even as the Dow, S&P 500 and Nasdaq all declined over the past month.

Nasdaq invests $100M in Kraken owner Payward to launch tokenized stocks in 2027

Nasdaq's venture arm is putting $100 million into Payward, the parent company of crypto exchange Kraken, valuing it at $21 billion. The two firms plan to build infrastructure for issuing and trading tokenized equities, blockchain-based digital representations of publicly traded stocks, with a target launch in the second quarter of 2027. Payward will also adopt Nasdaq's market-surveillance technology across its trading platforms as it expands beyond crypto into stocks and derivatives.

Smart Ring Maker Oura Files for Nasdaq IPO

Oura, the Finland-founded, San Francisco-based maker of health-tracking smart rings, has filed paperwork with the SEC to go public on Nasdaq. The company has built a leading position in the wearable ring market as it moves toward becoming a publicly traded stock.

Lululemon shares plunge 20% as China sales soften after drum controversy

Lululemon Athletica's stock fell more than 20% in premarket trading Friday after the company reported weaker-than-expected sales in China. The slowdown followed a viral controversy in May involving a promotional drum event that appears to have damaged the brand's standing with Chinese consumers. The stock is now down 42% year-to-date.

GoPro to merge with photonics startup Starman Optical in $285 million cash deal

GoPro has agreed to a $285 million cash merger with Starman Optical, a privately held maker of high-speed optical transceivers for AI data centers. Shareholders will receive $1.14 per share plus a roughly 10% stake in the combined, still Nasdaq-listed company, and Starman will also pay off GoPro's $92 million debt. The deal, expected to close by year-end pending regulatory approval, comes as GoPro's stock had crashed toward delisting territory amid weak sales and auditor doubts about its survival.

GoPro shares surge after YouTuber Markiplier becomes top individual shareholder

GoPro's stock jumped sharply after disclosures showed that YouTube star Markiplier now holds the largest individual stake in the company. The rally continued into premarket trading, pushing shares to their highest level since early January.

Nvidia's blowout quarter and Amazon's GPU order calm AI demand fears

Nvidia posted stronger-than-expected fiscal second-quarter results and issued a bullish forward outlook, reinforcing confidence that AI infrastructure spending remains robust. On the earnings call, Nvidia disclosed that Amazon will buy an additional 2 million of its GPUs in 2027 and 2028 even as it builds its own AI chips, and the strong report helped push the Nasdaq, S&P 500 and Dow to their best trading day since early August.

Meta to pay $16.7B in state settlement over child mental health harms

Meta reached a $16.7 billion settlement with a coalition of state attorneys general who accused the company of misrepresenting the mental health risks its platforms pose to children. A court approved the deal Wednesday afternoon, which requires Meta to add daily usage limits, nighttime blocks for teens, and new parental oversight tools. California Attorney General Rob Bonta, who co-led the case, said the agreement is 'a floor conceptually, not a ceiling' and does not shield Meta from further legal action.

Nutex Health discloses data breach in SEC filing

Nutex Health, a for-profit hospital operator with 28 facilities across 12 states, told the SEC that an unauthorized third party accessed and stole data from its servers, some of which may be private or confidential. The company has hired forensic investigators, notified law enforcement, and activated its incident response plan, but has not yet determined whose data—patients, employees, or partners—was affected.