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Rohan Goswami
Business Reporter
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@rogoswami
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AT&T CEO pitches Trump amid $23 billion antitrust review
The private meeting was to discuss AT&T’s mammoth investment in the US, as the company looks to minimize scrutiny of its EchoStar spectrum deal.
AT&T CEO John Stankey. Brian Snyder/Reuters
CEOs all think they have an AI ‘moat.’ Just ask them.
At least 118 companies touted the moats they have, or are building, against AI this quarter.
Andrew Kelly/Reuters
Bilt thinks it’s solved its ‘four-banana problem’ — and gamified paying your rent
CEO Ankur Jain told Semafor Bilt is “not a payments or financial platform,” but rather “a membership program for where you live.”
Companies largely quiet over insider trading on prediction markets
Semafor reached out to more than 100 companies, law firms, banks, PR shops, and hedge funds, and found that few had explicit rules around prediction markets.
Scott Olson/Getty Images
Revolut’s push for US banking license signals fintechs are warming to regulation
The payments company follows PayPal, which applied for a slimmed-down state banking license in December, and the UK’s Wise.
Hiba Kola/Reuters
Defense stocks soar, airline shares fall on Middle East conflict
The Iran conflict is creating leaders and laggards, JPMorgan analysts wrote.
Paola Chiomante/Reuters
Uber’s $1 trillion plan for the post-driver world
“All of the jobs other than the driving have to be done,” Dara Khosrowshahi tells Semafor’s “Compound Interest” podcast. Fleet management is a “trillion-dollar opportunity.”
Netflix walks away from $83B Warner Bros. takeover
Paramount’s David Ellison gets the media property he has long wanted. Netflix, having swung and missed at its first big M&A deal, now has to reassure investors that its business is fine.
Paypal, Stripe not currently in talks
PayPal has been working with bankers for months to prepare for a potential activist campaign or unwanted takeover bid.
Paramount bets that politics, price will win it Warner Bros.
David Ellison’s new bid puts the media scion back in the running for a company that should have been his from the start.
Wall Street’s 120-hour work weeks go on trial
A banker fired by Centerview in 2020 two months into her employment says the firm wouldn’t accommodate her medical need for eight hours of sleep a night and is seeking millions of dollars in compensation.
Senate Democrats threaten Paramount-Warner probe
Dissatisfied with Paramount CEO David Ellison’s written testimony, the Democrats are preparing a deeper probe if they take control of the Senate in the midterm elections.
CFTC to states: hands off prediction markets
The CFTC filed a legal brief in support of Crypto.com, which alongside Kalshi and Polymarket is being sued by Nevada for allegedly operating unlicensed sportsbooks.
WBD leans toward opening negotiations with Paramount
It would be a dramatic shift for the media giant, which has stubbornly rebuffed all offers from Paramount thus far.
Senate Democrats want answers on DOJ antitrust firing
A group of seven Democratic senators are seeking communications related to the ouster of Justice Department antitrust chief Gail Slater, and records of lobbying related to an upcoming monopoly trial against Live Nation.
Target attempts turnaround as Walmart hits $1 trillion in market value
Shares in the retailer fell 2% Tuesday after the company cut 500 management jobs and promoted two insiders to new roles, including its chief merchant.
Paramount tries to force Warner Bros.′ hand with new ‘ticking fee’
The company isn’t increasing its bid — yet — but has fired a new salvo in its efforts to get Warner Bros. to come to the negotiating table.
Live Nation settlement talks are dividing Trump’s DOJ
Ticketing giant Live Nation has been negotiating with senior DOJ officials outside the antitrust division to settle allegations that it’s an illegal monopoly.