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To embed, copy and paste the code into your website or blog: Amazon is nearing the final stages of a reported $9 billion deal to purchase MGM Holdings and its stable of big-name franchises (from James Bond to Rocky and The Pink Panther) in what would be Bezos & Co.’s second largest acquisition behind Whole Foods, which it bought for $13.7 billion in 2017 - WSJ and Bloomberg Fine. Since we’re talking movies, I’ll say it. In a new low (and despite an awfully rough history “Super Mario Bros.”? “Prince of Persia”?), Hollywood’s now looking to video games for movie and streaming inspiration as the demand for content is beating out the quest for quality - NYTimes ....
The big money fueling SPAC mania comes from smart hedge funds dubbed the SPAC mafia capitalizing on a “no lose” trade. No surprise that a fund backed by brilliant billionaire financier Michael Milken owns nearly 150 SPACs. ....
Ten years to the day since CNBC s Mark Haines died, the network is honoring him by auctioning an NFT of his historic market call at the depths of the Great Recession. Proceeds from the auction will go to Autism Speaks and to the Council for Economic Education. IN THE NEWS TODAY Daily new Covid cases in the U.S. have dropped to their lowest level in 11 months as the nation prepares for the long Memorial Day weekend, the unofficial start of the summer travel season. The seven-day average of initial infections was 25,270 as of Sunday, according to data compiled by Johns Hopkins University. (CNBC) ....