Disney Names Board Member Gorman to Oversee CEO Succession
Gorman, the current executive chairman of Morgan Stanley, oversaw a recent CEO succession process at the bank. Disney CEO Bob Iger's contract ends in 2026.
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a16z-backed Story Protocol Raises at $2.25 Billion Valuation
Story Protocol lets creators track and monetize usage of their work on blockchain.
Walmart Sells Stake in China’s JD.com for $3.6 Billion
China’s retail sector is grappling with slow growth due to the country’s sluggish economy and weak consumption.
Judge Strikes Down FTC Ban on Noncompetes
Business groups had fought the ban, which had already been adopted by some states.
Bolt Founder Breslow to Return as CEO With New Funding
The financing marks a new twist in what's been a contentious o
Conde Nast Signs Multi-Year Deal with OpenAI
Condé Nast, which owns titles including Vogue and The New Yorker, joins other publishers including Axel Springer and News Corp in coming to terms with OpenAI.
Podcaster Alex Cooper Signs $100 Million Deal with SiriusXM
Alex Cooper signed a deal with SiriusXM for her popular “Call Her Daddy” podcast, as well as her network of other shows.
State Street Taps Taurus to Build Out Digital Assets Services
Financial services giant will have capability to allow clients to put traditional assets on blockchain
Palo Alto Networks Shares Rise After Steady Growth in Security Sales
Free cash flow margin widened in the fiscal fourth quarter compared with the same quarter one year ago.
Blackstone Marketing Head Leaves for General Catalyst
General Catalyst has expanded beyond venture into wealth management. It’s also bought a hospital system.
Autonomy Founder Mike Lynch Missing After Superyacht Sinks
Mike Lynch had only recently been acquitted of fraud charges stemming from Autonomy’s 2011 sale to HP.
AMD to Buy AI Infrastructure Firm ZT Systems for $4.9 Billion
AMD has been trying to catch up to Nvidia in AI chips.
Palantir Co-Founder Karp Says He’s Supporting Kamala Harris
The billionaire earlier gave Joe Biden’s campaign $360,000.
California Democrats Spar Over AI Bill
The state’s contested AI regulation would impose safety requirements on companies training large AI models.
Judge Blocks Disney, Warner and Fox From Launching New Sports Service
A federal judge has ruled that Venu, which would stream sports channels from Disney, Fox and Warner Bros. Discovery, would harm rival services like Fubo TV.
Trump Appoints Cantor Fitzgerald CEO, WWE Co-Founder for Transition Team
Donald Trump is tapping Howard Lutnick and Linda McMahon as chairs for his presidential transition team if he’s elected
Rivian Pauses Production of Delivery Vans Used by Amazon
Rivian expects to make up all missed production, a spokesperson said, though they did not say when production will resume.
TikTok Doubles Down on First Amendment Defense in U.S. Legal Battle
TikTok argued that a U.S. law that could ban the app is "the most sweeping speech restriction in this country’s history," in its latest court filing.
Warner Bros. Discovery’s U.S. Cable Networks Chief to Retire
Kathleen Finch, who was in charge of Warner Bros. Discovery's cable TV networks business in the U.S., is retiring at the end of the year.
Andreessen Horowitz Plans to Open Japan Office
The firm opened its first international outpost last year in London.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy