Expected to make the first interest rate cut since 2019. we ll be watching that to be certain. let s hit a couple more headlines here. a hollywood mega-merger for an entertainment giant could be announced in the coming days. charlotte, tell us all about it. disruption in the entertainment industry could mean consolidation and paramount shares trading higher yesterday after cnbc reporting there could be a deal and a merger with skydance. and a sweetened offer from skydance after recent competing offers. and the deal is said to be awaiting a final sign off from the controlling shareholder who is expected to speak today at the company s annual meeting. so the merger between paramount, which of course owns cbs and nickelodeon, and chi skydance
The FTC is expected to approve Exxon s $60 billion acquisition of Pioneer after minor concessions, solidifying its position as the largest oil and natural gas producer in the Permian Basin and the U.S. energy market.
BHP, the world s largest mining company, offered $39 billion last week to buy Anglo, a move the London-listed miner that grew out of South Africa rejected as "significantly" undervalued.
HDFC Bank, India s largest private sector lender, anticipates a 4-5 year period of consolidation following its merger with parent company HDFC in July 2023. The bank aims to restore return on equity to pre-merger levels, with a focus on profitable growth. Concerns were raised after the bank s recent quarterly earnings showed a decline in lending margins and sluggish deposit growth.