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Jack Dorsey says Block cutting nearly half of workforce for AI transformation

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Jack Dorsey says Block cutting nearly half of workforce for AI transformation

Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations.

The layoffs will affect over 4,000 jobs at the company and CEO Jack Dorsey indicated he moved forward with a single round of large cuts rather than a series of smaller workforce reductions to give the company more room for growth as it adapts to the AI era.

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Dorsey explained the decision in a series of posts on X, the social media platform he previously led when it was known as Twitter, saying that he isn’t making the decision because Block is in trouble but because the smaller workforce “gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.”

He said in his note that the job cuts are “one of the hardest decisions in the history of our company: we’re reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation.”

NVIDIA CEO SAYS ARTIFICIAL INTELLIGENCE BOOM IS JUST GETTING STARTED: ‘AI IS GOING TO BE EVERYWHERE’

Former Twitter CEO Jack Dorsey speaks

Jack Dorsey said the layoffs will give Block a better route to growth. (Marco Bello/AFP via Getty Images)

Block will offer affected workers 20 weeks of salary as well as one week per year of tenure, equity vested through the end of May, six months of healthcare, corporate devices and $5,000 to put toward whatever they need to aid in their transition, Dorsey said.

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Dorsey said that the “intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that’s accelerating rapidly.”

ALTMAN CALLS MUSK’S SPACE DATA CENTER PLANS ‘RIDICULOUS’ FOR CURRENT AI COMPUTING NEEDS

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XYZ BLOCK INC. 63.03 +8.43 +15.43%

He went on to say that Block will be built with “intelligence at the core of everything we do. how we work, how we create, how we serve our customers.”

Dorsey added in a follow-up post that the company “over-hired during covid because i incorrectly built 2 separate company structures (square & cash app) rather than 1, which we corrected mid 2024. but this misses all the complexity we took on through lending, banking, and BNPL.”

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BIPARTISAN BILL LOOKS TO PREPARE WORKFORCE FOR AI FUTURE: ‘CAN’T BE LEFT BEHIND’

Jack Dorsey speaks on a panel

Dorsey said he made a mistake in how he had different structures for Square and Cash App within Block. (Matt Crossick/PA Images via Getty Images)

Block shares surged following the announcement that nearly half of the company’s workforce will be laid off amid the company’s AI realignment, rising 17% during Friday morning trading.

The company’s stock is up 22% in the last week, though it’s down over 2% year to date.

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Commerce Secretary Howard Lutnick meets with Indian officials after tariff ruling

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Commerce Secretary Howard Lutnick meets with Indian officials after tariff ruling

Secretary of Commerce Howard Lutnick, accompanied by U.S. Ambassador to India Sergio Gor, met his Indian counterpart in New Delhi Thursday. The meeting comes less than a week after the Supreme Court struck down President Donald Trump’s sweeping global tariffs.

India’s Minister of Commerce and Industry Piyush Goyal hailed the talks as “very fruitful,” posting a picture of the three officials smiling together. The meeting signaled renewed momentum, even though India had been among the first Asian nations to react to the court’s decision. 

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Just days earlier, New Delhi had postponed talks with Washington aimed at finalizing a trade framework. Still, uncertainty lingers as the deal hangs in the balance. In a press statement, India’s Ministry of Commerce and Industry said, “We are studying all these developments for their implications.”

In the aftermath of the court’s ruling, the Trump administration introduced a temporary 10% baseline tariff as several countries began to reassess their positions. 

TRUMP RIPS SUPREME COURT TARIFF RULING IN SOTU, VOWS NEW LEGAL FIGHT AFTER 6-3 BLOW

“The Supreme Court verdict has created a trilemma for U.S. trade partners, including India,” Ajay Srivastava, founder of the Global Trade Research Initiative, told FOX Business. “Everyone is waiting for more clarity.”

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Earlier this month, the U.S. announced a trade framework easing reciprocal duties, bringing relief to Indian markets. Under that arrangement, U.S. tariffs on Indian goods were set to fall to 18%, higher than the current 10% baseline. India had also agreed to purchase $500 billion worth of U.S. goods over five years. 

The deal was expected to take effect in April. But with the tariff landscape now changed, the South Asian giant could stand to benefit, and experts say it may have gained leverage.

Commerce Secretary Howard Lutnick talks about the Trump Gold Card as President Donald Trump looks on in the Oval Office of the White House in Washington, D.C., Friday, Sept. 19, 2025.

Commerce Secretary Howard Lutnick talks about the Trump Gold Card as President Donald Trump looks on during an executive order signing in the Oval Office of the White House in Washington, D.C. (Fox News/Pool / Fox News)

“The new tariff is lower than the negotiated rate, and the uniform levy erases the competitive advantage concessions were meant to secure,” Srivastava said. “There is little rationale for offering tariff cuts, investment pledges or procurement commitments to Washington, especially when identical access to the U.S. market is available even without a deal.” 

TRUMP TRIMS SOME TARIFFS AFTER SUPREME COURT LOSS BUT KEEPS TRADE FIGHT ALIVE

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India’s purchases of Russian oil have also remained a sticking point. In the original trade discussions, President Trump said New Delhi had “committed to stop directly or indirectly importing Russian Federation oil,” though Indian officials made no public mention of such a pledge. 

India, the world’s third-largest oil importer and consumer, is expected to see its purchases of Russian crude fall to a two-year low this month. Still, against the backdrop of the court’s ruling, analysts say India will likely continue to buy Russian oil.

US President Donald Trump and Indian Prime Minister Narendra Modi sit in the Oval Office

President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, D.C., Feb. 13, 2025.  (Jim Watson/AFP via Getty Images / Getty Images)

President Trump has remained defiant through it all, insisting his deals are secure. In a Truth Social post following the Supreme Court’s decision, he said, “Any Country that wants to ‘play games’ with the ridiculous Supreme Court decision, especially those that have ‘Ripped Off’ the U.S.A. for years, and even decades, will be met with a much higher Tariff, and worse, than that which they just recently agreed to. BUYER BEWARE!!!”

The White House still has several legal tools at its disposal to pursue its economic agenda, including alternative trade authorities and reopening new trade investigations.

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In the latest escalation with India, the administration imposed a 126% solar import duty, suggesting that its “America First” policy remains a priority. The levies follow allegations that Indian companies unfairly benefited from government subsidies and undercut American manufacturers. According to the U.S. Census Bureau trade data, solar imports from the country surged to nearly $793 million in 2024, a roughly ninefold jump from 2022.

According to the Office of the United States Trade Representative, total U.S.-India trade in goods and services reached approximately $212 billion in 2024, underscoring the scale of their economic relationship. 

Goods trade alone accounted for about $129 billion, with the U.S. running a $45.8 billion goods trade deficit with India, a gap that continues to shape tariff negotiations between the two countries.

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US Stocks: Block shares soar 16% as Jack Dorsey leans on AI to trim workforce

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US Stocks: Block shares soar 16% as Jack Dorsey leans on AI to trim workforce
Block shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its workforce as part of an overhaul to embed artificial intelligence tools across its operations.

The layoffs are the most visible signs of how the industry is navigating the ‌impact of ⁠AI, with ⁠Block’s CEO, tech billionaire Jack Dorsey, warning that most companies were “late” to realize the emerging technology’s potential.

“At its core, it’s about how some companies may ​be run going forward – not just doomsday headcount reductions, but also enabling higher ROI investments in growth and FCF,” analysts at Evercore ​ISI wrote, referring to free cash ⁠flow.

Accelerating AI ‌adoption is helping companies to cut jobs in divisions most exposed to automation. Economists at Goldman Sachs have estimated ⁠that AI was responsible for job losses amounting to a 5,000 to 10,000 hit to average monthly job growth in the industries most exposed to it in 2025.

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Block was one of the companies that aggressively hired during the pandemic as the use of digital payments and online commerce spiked.


“In Block’s case, this looks like a mix ‌of AI efficiency gains and an overdue clean-up of corporate bloat,” said Matt Britzman, an analyst at Hargreaves ​Lansdown.
The company’s ​workforce jumped from ⁠about 3,800 employees in 2019 to more than 10,000 in 2025 as it battled increasing pressures from rising competition in its payments and buy-now-pay-later ​segments.

“While the RIF (reduction in force) is large, it does bring Block’s headcount back toward pandemic-era levels, making it a standout in gross profit per employee, well ahead of its peers including Visa,” J.P. Morgan analysts said.

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BTS Comeback with ‘Arirang’ Album Release, Netflix Live Concert and Record-Breaking World Tour

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Korean band BTS appears at the daily press briefing in the Brady Press Briefing of the White House in Washington, DC, May 31, 2022

Global pop sensation BTS is poised for one of the most anticipated returns in music history, with the group’s full seven-member reunion set to culminate in a new studio album, a historic live streamed concert and the launch of their massive “BTS World Tour ‘Arirang’” in the coming weeks.

The K-pop supergroup — RM, Jin, Suga, J-Hope, Jimin, V and Jung Kook — completed mandatory military service in South Korea last year, with Suga as the final member discharged in June 2025. The hiatus allowed each member to pursue solo projects while fans, known as ARMY, eagerly awaited news of a group comeback.

Korean band BTS appears at the daily press briefing in the Brady Press Briefing of the White House in Washington, DC, May 31, 2022
Korean band BTS appears at the daily press briefing in the Brady Press Briefing of the White House in Washington, DC, May 31, 2022

That wait ends this month. BTS’s fifth studio album, titled “Arirang,” is scheduled for release on March 20, 2026. The project is described by sources close to the group as a reflective exploration of personal growth, longing and love, building on the themes that have defined their discography since their 2013 debut.

To mark the album drop, BTS will headline a special comeback concert titled “BTS The Comeback Live | Arirang” on March 21, 2026, at Gwanghwamun Square in central Seoul. The open-air event, directed by veteran concert filmmaker Hamish Hamilton, will stream live globally on Netflix, allowing millions of fans worldwide to witness the performance in real time. The setlist is expected to blend classic hits with new tracks from “Arirang,” transforming the historic plaza — often called the “Street of Six Ministries” and a symbol of Korean heritage — into a massive stage.

Netflix will follow up with additional BTS content later in March. A feature-length documentary, “BTS: The Return,” premieres March 27, 2026, offering an intimate behind-the-scenes look at the group’s preparations, reunions and creative process leading to this chapter.

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The momentum builds into April with the official kickoff of the “BTS World Tour ‘Arirang.’” The tour begins April 9, 2026, with the first of three shows at Goyang Sports Complex Main Stadium in Goyang, South Korea (additional dates April 11 and 12). It then moves to Tokyo, Japan, for two nights on April 17 and 18.

The North American leg starts April 25-26 and 28 in Tampa, Florida, at Raymond James Stadium, with additional multi-night stands planned in major markets including Los Angeles’ SoFi Stadium (four shows in September) and other U.S. venues. The itinerary spans Asia, North America, Europe, Latin America and Oceania, with confirmed stops in cities such as London (Tottenham Hotspur Stadium, July 6-7), Madrid, Brussels and more. Organizers have indicated the full run could exceed 82 dates across 34 cities in 23 countries, extending into March 2027, with potential additions in regions like the Middle East and Japan.

This marks BTS’s first large-scale world tour in four years, following the 2019 “Love Yourself: Speak Yourself” run. Analysts project massive commercial success. Financial experts at firms including IBK Investment & Securities and Heungkuk Securities estimate the 2026 portion alone could generate at least $1.87 billion in ticket and merchandise revenue, potentially rivaling Taylor Swift’s “Eras Tour” as one of the highest-grossing concert series ever. Projections factor in average attendance of 64,000 per show and total crowds exceeding 5-6 million fans across the confirmed and anticipated dates.

Tickets for many shows sold out rapidly during presales and general onsales in January and February 2026, with secondary market demand driving high resale prices in some markets. To broaden access, select concerts will be available via live cinema broadcasts. In partnership with Trafalgar Releasing, HYBE and BIGHIT MUSIC, full-length live viewings of the April 11 Goyang show and April 18 Tokyo performance will screen in theaters across more than 75 countries starting in April. Tickets went on sale February 25, 2026, via dedicated sites like btsliveviewing.com.

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The tour features a 360-degree in-the-round stadium production, promising immersive visuals, elaborate staging and high-energy choreography that have become BTS hallmarks. Members have teased innovative set designs and fan-engagement elements to celebrate the reunion.

BIGHIT MUSIC and Live Nation, the tour promoters, continue to update schedules via official channels including Weverse, btsworldtourofficial.com and 2026bts.com. Recent notices include details for North America and Europe ticketing, as well as online live streaming options for select Korean shows.

The comeback arrives at a pivotal moment for K-pop’s global dominance. BTS’s influence extends beyond music into fashion, philanthropy and cultural diplomacy, with the group previously addressing the United Nations and earning multiple Grammy nominations. This return underscores their enduring appeal, with analysts noting the tour’s scale could set new benchmarks for concert economics and fan experiences.

Fans worldwide have expressed excitement mixed with logistical planning for travel and tickets. Social media buzz around #BTSArirang and #BTS2026 has trended repeatedly since announcements began in early 2026.

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As March approaches, anticipation builds for what many call BTS’s most significant era yet — a triumphant return fueled by new music, historic performances and a world tour designed to reconnect with ARMY on an unprecedented scale.

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10 questions for Kevin Howell of HTG

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Business Live

The founder of the North East-based technology and managed cyber security services business answers our questions

Kevin Howell is an entrepreneur.

Kevin Howell, founder of HTG.(Image: HTG)

Kevin Howell is the entrepreneur behind HTG, which employs 20 staff and serves customers nationwide.

What was your first job (and how much did it pay)? Trainee software engineer (YTS) £29.50 a week and a £6.50 bus pass certainly not much money, but a great starting point and a foot in the door.

What is the best advice or support you’ve been given in business? It’s an old one, but find a job you love and you will never work a day in your life. I think this is getting tougher, but passion and attitude are key for me and still make a huge difference day to day.

What are the main changes you’ve seen in your business/sector, and what are the challenges you’re facing? Speed of change. Covid, AI, and cyber security threats have accelerated delays and decision paralysis (for the better) and forced organisations to rethink how they operate. Challenges faced are innovation being seen as a cost, not an enabler. Lots of key clients have been told to keep the lights on and reduce spend, a major backward step in my opinion when you have the opportunity to be a disruptor and be an innovator (be a Netflix or stay the same Nokia/BlackBerry/Blockbuster.)

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What would your dream job be? It’s a bit sad/boring, sorry — but a professional golfer or footballer, but sadly lacking the ability

What advice would you give to someone starting out a career in your sector? I get this asked a lot. We all come from different backgrounds and abilities, but I would say don’t compare yourself to others, and commit to being the best person you can be because progress is different for everyone.

What makes the North East a good place to do business? The North East is well-known to be friendly, hardworking, and dare I say… trustworthy. I often say our company name, HTG, means Have To Graft, but we all are doing the graft to help each other and deliver the best outcome for our customers and partners, which creates strong long-term relationships. Without them, we don’t exist.

How important is it for business to play a role in society? This resonates with me a lot. When I left school in 1990, things in the North East were pretty grim and all the talk was about looking in the rear-view mirror, past success about Swan Hunter shipyards, coal mining etc — massive parts of our heritage and pride, which were history. What stood out was pride, passion and graft, which are a massive heritage and still exist today. Whatever you call it, given the opportunity the North East has what it takes to deliver the next generation of AI with the human in the loop. Our compassion and genuine awareness of what people need/want — with the secret sauce also known as experience — could be a game changer.

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Outside of work, what are you really good at? Golf and developing the next generation of England golfers

Who would play you in a film about your life? Some say Hugh Grant after my awful dance at my 50th — apparently the resemblance was uncanny.

Which three people would you invite to a dinner party, and why? Kevin Keegan, Chuck D (Public Enemy), and Steve Jobs — all are such disruptors and influencers in life for a variety of reasons and have shaped culture, leadership, and innovation in very different ways.

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Burger King gives Whopper new bun and box after customer feedback

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Burger King gives Whopper new bun and box after customer feedback

Burger King is updating its signature Whopper for the first time in nearly a decade, the company announced Thursday.

After receiving feedback from customers, the fast-food chain said it will now serve the burger on a “more premium, better tasting bun,” and in a box instead of the current paper wrapper.

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“Over the past several years, we’ve focused on strengthening our operations and modernizing our restaurants to build a more consistent foundation across the system,” said Tom Curtis, president of Burger King U.S. and Canada. “With that work well underway, we’re now in a position to thoughtfully elevate our core menu. The Whopper is an icon, so we didn’t set out to reinvent it. Instead, we elevated it based on direct Guest feedback.”

WENDY’S INTRODUCES NEW VALUE MENU WITH 3 PRICE TIERS

Burger King's Whopper sandwich.

The new Burger King Whopper is served in a box instead of a paper wrapper. (Burger King)

The “elevated” burger will still be served with freshly cut onions and tomatoes, lettuce, tangy pickles, but will now have “better tasting mayo,” the company said. The burger patty will remain the same.

THIS FAST-GROWING CHAIN SAYS ‘NO DISCOUNTS’ – AND IT’S PAYING OFF

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The Whopper was created in 1957 after Burger King co-founders James McLamore and David Edgerton were on a return trip to Miami.

A Burger King in New York.

People visit a Burger King restaurant on Oct. 25, 2024, in New York City. (Michael M. Santiago/Getty Images)

McLamore spotted a restaurant with a sign advertising a big hamburger that had a line of customers out front, according to McLamore’s autobiography. He ordered the burger, which consisted of a quarter pound hamburger patty on a big five-inch bun served with lettuce, tomatoes, mayonnaise, pickles, onions and ketchup, and later introduced a “big garnished hamburger” in the company’s Miami restaurants.

WENDY’S TO CLOSE HUNDREDS OF RESTAURANTS AS COMPANY LOOKS TO FOCUS ON VALUE TO BOOST SALES

The original Whopper sold for 37 cents, about $4.36 today.

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“You don’t want to just tear up the playbook and start all over,” Curtis told CNN Business. “It’s like we’re putting our famous iconic burger in a tuxedo instead of a leisure suit.”

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The changes will cost Burger King franchisees an extra $4,000 per year, the outlet reported.

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State Farm announces $5B dividend payment to auto customers

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State Farm announces $5B dividend payment to auto customers

State Farm announced Thursday that it will pay the largest dividend in company history to auto loan customers, who are in line to receive $5 billion in cash back.

State Farm Mutual Automobile Insurance Company, also known as State Farm Mutual, said it will make a one-time distribution this summer to customers across over 49 million vehicles covered by State Farm Mutual auto policies.

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The company’s dividend payments are expected to average $100 by vehicle and will vary based on the policyholder’s state of residence as well as the premiums they paid.

INSURANCE GIANT LIFTS CAP ON CALIFORNIA HOMEOWNERS POLICIES, BUT IT COMES AT A COST

State Farm insurance sign

State Farm announced that the $5 billion dividend for auto insurance customers will be its largest ever. (Justin Sullivan/Getty Images)

“As a mutual company with a customer-first focus, State Farm Mutual is able to provide value directly to our customers while maintaining financial strength to keep our promises in the future. That translated this year to lower auto rates and cash back in the form of a $5 billion policyholder dividend,” said Jon Farney, State Farm Mutual president and CEO.

State Farm’s announcement also noted that a downward trend in auto repair costs as well as the frequency of collisions in 2025 allowed the company to lower auto rates in 40 states.

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HOMEOWNERS INSURANCE COSTS COULD SPIKE OVER NEXT 2 YEARS

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Auto repair costs have eased recently but have outpaced inflation over the last year. ( Pia Bayer/picture alliance via Getty Images)

Auto insurance rate reductions are averaging 10% and State Farm Mutual noted that the total amount of savings on premiums for consumers totaled $4.6 billion.

The latest consumer price index (CPI) inflation data from the Bureau of Labor Statistics shows that motor vehicle insurance prices declined 0.4% from December to January.

Additionally, the CPI data showed that motor vehicle insurance prices were just 0.5% higher than they were a year ago.

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OBAMACARE PRICES ARE SET TO SPIKE – HERE’S WHY

man sitting in tesla driver's seat with hands on thighs

State Farm said that a decrease in collisions helped allow for lower rates as well as the dividend. (Matteo Della Torre/NurPhoto)

That figure is well below the overall CPI inflation data, which was up 2.4% on an annual basis in January.

Auto repair costs rose by a modest 0.2% in January on a monthly basis, though they were 5.7% higher than a year ago last month, BLS data showed.

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Sam Altman backs Anthropic in AI battlefield row with Pentagon

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Sam Altman backs Anthropic in AI battlefield row with Pentagon

On Friday morning, groups representing roughly 700,000 tech workers within Amazon, Google, and Microsoft, all companies that have their own contracts with the Defence Department, signed an open letter urging the companies they worked for to also “refuse to comply” with the Pentagon’s demands.

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WBD, Paramount regulatory path might be easier than Netflix tie-up

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WBD, Paramount regulatory path might be easier than Netflix tie-up

The Paramount logo is displayed above an entrance to Paramount Studios on Feb. 23, 2026 in Los Angeles, California.

Justin Sullivan | Getty Images

A day after Paramount Skydance emerged as the winner to take over fellow media giant Warner Bros. Discovery, questions are mounting about the companies’ regulatory path forward.

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The WBD board said on Thursday that Paramount’s revised $31-per-share offer was superior to an existing bid from Netflix, prompting the streamer to announce that it was walking away from the deal entirely and clearing the way for Paramount.

Paramount’s raised offer — up from $30 per share — was the latest in a series of moves it made after it launched a hostile bid late last year to buy WBD. It had initially lost out on a bidding war to Netflix, which offered $27.75 per share.

Paramount’s latest bid also included a $7 billion breakup fee if the deal doesn’t win regulatory approval. And according to a Friday filing, it has already paid the $2.8 billion breakup fee that WBD owed to Netflix if the deal fell through.

But media industry experts said it’s looking more likely that the Paramount deal will get through government scrutiny than it did when Netflix was in the picture.

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Paramount wins bidding war for Warner Bros. Discovery: Here's what to know

Netflix vs. Paramount

Netflix co-CEOs Ted Sarandos and Greg Peters said Thursday that it was “no longer financially attractive” to match Paramount’s raised offer.

Though Netflix executives had said they were “highly confident” that their deal would win approval, the merger would have brought together two top streaming services — Netflix and Paramount+ — and could have potentially raised prices for consumers and decreased competition.

In early December, Trump said the Netflix-WBD deal “could be a problem” because of the increased market share Netflix would gain, saying he would be involved. He walked back those comments earlier this month, saying the deal would be at the sole discretion of the Department of Justice.

And while the size of a combined Netflix and WBD entity was one of the companies’ largest antitrust obstacles, that issue could still be raised for Paramount.

Both Paramount and WBD have sprawling portfolios of TV networks, in addition to Paramount+ hitting 78.9 million subscribers, according to its most recent earnings report, and HBO Max counting 131.6 million subscribers through the end of 2025.

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Paramount executives argued one of the pros of their offer was that a deal with the media company would garner less government scrutiny. Paramount Skydance CEO David Ellison’s father, Oracle co-founder Larry Ellison, is known to have close relations with President Donald Trump.

Trump’s son-in-law, Jared Kushner, is backing the Paramount deal, according to a filing with the Securities and Exchange Commission.

Still, Paramount’s proposed deal had come under criticism for potentially being funded by the sovereign wealth funds of Saudi Arabia; Abu Dhabi, United Arab Emirates; and Qatar. The company has previously said that those entities have agreed to forgo all governance rights, including board representation.

California Attorney General Rob Bonta, a Democrat, warned on Thursday night that the merger was “not a done deal” and that the California Department of Justice, which has an open investigation into the deal, will be vigorous in its review.

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And Democratic Sen. Elizabeth Warren of Massachusetts said in a statement that the Paramount and WBD merger is “an antitrust disaster threatening higher prices and fewer choices for American families.”

A potential for fewer concerns

Analysts from Raymond James said they believe the Paramount-WBD deal could pose far less of a risk for regulatory approval than a Netflix tie-up.

In a Friday note, the analysts said the regulatory path forward for Paramount is “meaningfully easier” than Netflix’s, though it would not be a “cakewalk.”

“Of course, there are new challenges with this deal around news, cable networks, international linear networks, etc., but we still feel the WBD/PSKY deal is more palatable all-in,” the analysts wrote. “And, particularly following the reaction to the WBD/NFLX agreement, we believe PSKY’s political standing with the current U.S. administration is much stronger than Netflix’s.”

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The analysts noted that questions remain about how the competitive market for the companies will be defined by the DOJ, and they speculated that Netflix likely decided not to match Paramount’s superior offer because of what was “likely to be a brutal regulatory review.”

A Friday note by Morningstar analysts echoed those thoughts. The analysts said the move was right for both Netflix and Paramount because they believed Netflix was unnecessarily overpaying for WBD’s streaming and studios.

Notably, Paramount aimed to buy the entirety of WBD, including its pay-TV networks, such as CNN, TBS and TNT, while Netflix only wanted the company’s studio and streaming assets.

“This is the best outcome for Warner shareholders, in our view, as we’ve felt that, with a higher likelihood of prompt regulatory approval and uncertainty surrounding the value and risk of the network business they would have retained, the best offer would have been $30 in cash,” the analysts wrote.

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The analysts added that they don’t expect Paramount to face any regulatory issues during the approval process.

‘Horizontal consolidation’

Joseph Kalmenovitz, an assistant professor of finance at the Simon Business School at the University of Rochester, said Paramount’s timing for the bid was likely strategic.

“David Ellison didn’t just outmaneuver a Hollywood board — he timed the regulatory cycle perfectly,” Kalmenovitz said. “The populist, big-is-bad philosophy is out; the deal-friendly establishment is back in.”

Still, Paren Knadjian, a partner at advisory firm EisnerAmper, said the regulatory path forward for Paramount remains nuanced and isn’t a done deal. While concerns over the Netflix-WBD deal focused largely on library content, the Paramount-WBD deal is far more of a “horizontal consolidation” effort between cable TV, sports, streaming and news, he said.

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“I think the biggest thing we’re going to focus on is the concentration of intellectual property under one roof,” Knadjian told CNBC. “What power does that give this new entity in terms of the ability to charge more?”

Knadjian said Paramount will also be facing political concerns, not only from state and federal politicians, but between CNN and CBS combining under one roof, in addition to concerns over blockbuster franchises like “Star Trek” and “Harry Potter.”

Ultimately, the approval of the deal will come down to which concessions the two companies will have to make in order to assuage any fears over a possible media monopoly.

“The regulatory pressure, the political pressure, those are the things that will certainly delay the deal and will make it more complicated, and I think there’s going to have to be significant concessions for it to go through.

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There’s so many factors to this. It’s much more complicated than many of the other deals we’ve seen in the past,” Knadjian said.

– CNBC’s Lillian Rizzo contributed to this report.

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Fibra UNO (FBASF) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Fibra UNO (FBASF) Q4 2025 Earnings Call February 27, 2026 1:00 PM EST

Company Participants

André Arazi – Chief Executive Officer
Jorge Pigeon Solórzano – Vice President of Capital Markets & Investor Relations

Conference Call Participants

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Igor Machado – Goldman Sachs Group, Inc., Research Division
Mario Sergio Simplicio – Morgan Stanley, Research Division
Pablo Mulas
Gordon Lee – Banco BTG Pactual S.A., Research Division
Felipe Barragan Sanchez – JPMorgan Chase & Co, Research Division
David Soto Soto – Scotiabank Global Banking and Markets, Research Division

Presentation

Operator

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Ladies and gentlemen, thank you for standing by. I’d like to welcome you to Fibra UNO’s Fourth Quarter 2025 Results Conference Call on the 27th of February 2026. [Operator Instructions].

So without further ado, I’d like to pass the line to the CEO, Fibra Mr. Andre El-Mann. Please go ahead, sir.

André Arazi
Chief Executive Officer

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Thank you, Luis. Thank you, everybody, for your interest in our call regarding the fourth quarter of 2025. I would like to begin that we are very excited again to release these numbers for you of the fourth quarter of 2025, which has been a very busy year for us at FUNO.

This is the first report after the drop-down of our industrial portfolio. I would like you to bear in mind that we need to consider — we are considering only a few days of the complete revenues in this new structure, in this particular quarter.

Nevertheless, we make sure that everything goes as planned, as we will be able to report a complete quarter this very first quarter of 2026 in the next few weeks. That would allow us to reveal that all the efforts made last year will pay back, and our shareholders will be able to see the positive impact that the carve-out of our industrial portfolio will have on the

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Privacy Display and Faster Charging

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Apple iPhone 17 Pro Max Claims Top Spot in Battery

Samsung Electronics unveiled the Galaxy S26 Ultra on February 25, 2026, during its Galaxy Unpacked event in San Francisco, positioning the device as the company’s most advanced AI-focused smartphone yet. The premium flagship introduces hardware refinements, a groundbreaking privacy feature and performance boosts while maintaining the familiar large-screen, S Pen-equipped design that has defined Ultra models.

Galaxy S26 Ultra
Galaxy S26 Ultra

Here are 10 essential details about the Galaxy S26 Ultra based on official specifications and announcements.

1. **World-First Built-in Privacy Display**
The standout innovation is the Privacy Display, a hardware-level feature that limits screen visibility from side angles. When activated, the display blacks out or obscures content for onlookers while remaining fully visible to the user facing it directly. This pixel-level privacy technology addresses growing concerns about shoulder surfing in public spaces, marking a first for smartphones. Samsung emphasized its commitment to user security, with the feature complementing existing software privacy tools.

2. **6.9-Inch QHD+ Dynamic AMOLED 2X Display**
The device retains a 6.9-inch QHD+ Dynamic AMOLED 2X panel with 120Hz adaptive refresh rate (1-120Hz) and Vision Booster for enhanced outdoor visibility. Peak brightness reaches around 2,600 nits for HDR content. The screen uses Corning Gorilla Armor 2 protection and features thinner bezels for a more immersive experience. Anti-reflective coating reduces glare, making it ideal for media consumption and productivity.

3. **Snapdragon 8 Elite Gen 5 for Galaxy Processor**
Powering the S26 Ultra is Qualcomm’s Snapdragon 8 Elite Gen 5 customized for Galaxy, built on a 3nm process. Samsung claims 19% faster CPU performance, 24% improved GPU and 39% enhanced NPU for AI tasks compared to predecessors. This enables smoother multitasking, gaming and on-device AI processing. The chip supports better thermal management, keeping the device cool during intensive use like video editing or extended gaming sessions.

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4. **Up to 16GB RAM and 1TB Storage**
Configurations include 12GB or 16GB RAM options, paired with 256GB, 512GB or 1TB UFS storage. Higher RAM variants maximize multitasking and AI features. No microSD expansion is available, so users must select appropriately at purchase. Storage upgrades were offered as pre-order incentives in some markets.

5. **Advanced Quad-Camera System with Brighter Apertures**
The rear setup features a 200MP wide main sensor (f/1.4 aperture for better low-light performance), 50MP ultra-wide (f/1.9), 10MP 3x telephoto (f/2.4) and 50MP 5x periscope telephoto (f/2.9). Optical zoom covers 3x and 5x natively, with up to 10x optical-quality zoom via adaptive pixel technology. The front camera is 12MP (f/2.2) with an AI-enhanced image signal processor for natural selfies. Video upgrades include improved Super Steady stabilization with horizontal lock.

6. **5,000mAh Battery with 60W Fast Charging**
Battery capacity remains 5,000mAh, delivering up to 31 hours of video playback under lab conditions. A major upgrade is 60W wired charging (up from 45W), allowing quicker top-ups. Wireless charging hits 25W, with reverse wireless charging supported. The combination provides all-day endurance for heavy users.

7. **Thinner, Lighter Design at 7.9mm and 214g**
Dimensions are 78.1 x 163.6 x 7.9mm, weighing 214g — slimmer and lighter than the Galaxy S25 Ultra despite the large screen. The frame uses refined Armor Aluminum with rounded ergonomic corners for better one-handed comfort. It maintains IP68 water and dust resistance. The integrated S Pen stylus features a curved top for improved grip and matching device contours.

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8. **Galaxy AI Enhancements and One UI 8.5 on Android 16**
Running Android 16 with One UI 8.5, the phone emphasizes intuitive AI. Features leverage the powerful NPU for faster generative tools, real-time context understanding and agentic AI capabilities. Bixby interactions are refined, with deeper Gemini integration previewed. Samsung promises extended software support, including security updates.

9. **Pricing Holds Steady at $1,299 Starting**
The Galaxy S26 Ultra starts at $1,299 for the 256GB model — unchanged from the S25 Ultra — while base S26 and S26+ models saw increases. Pre-orders began February 25, 2026, with general availability on March 11, 2026. Offers include up to $900 trade-in credit or $150 toward accessories on Samsung.com. Colors and regional variants vary.

10. **Positioned as Productivity and Media Powerhouse**
Samsung markets the S26 Ultra as the ultimate all-in-one for creators and power users. It combines top-tier performance, camera versatility, display quality and unique privacy features. Early hands-on reports highlight comfortable ergonomics, bright visuals and responsive AI, though full reviews await real-world testing.

The Galaxy S26 Ultra arrives amid intense competition in the premium Android space, with Samsung focusing on meaningful refinements over radical redesigns. Pre-orders are live through Samsung’s site, carriers and retailers, with availability expanding globally from March 11.

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