Warner Discovery Splits Cable From Marquee Streaming, Studio Businesses

The entertainment company is contending with a hefty debt load and a sagging stock price.

----

WPP CEO to Depart After String of Ad Client Defections

Chief Executive Mark Read-who has been at the company for more than 30 years-will retire from the board and as CEO on Dec. 31.

----

Ken Moelis to Step Down as CEO of His Investment Bank

The longtime dealmaker says he expects the "smoothest transition ever in the history of Wall Street."

----

Qualcomm to Buy Alphawave IP for $2.4 Billion

The deal for the U.K.-listed semiconductor company comes as Qualcomm seeks to boost its portfolio of technology for AI, data centers and storage.

----

These Developers Can't Get Excited About Apple's AI Efforts

Some developers feel ambivalent about the artificial-intelligence releases expected to come out of Apple's annual developer gathering-a far cry from when WWDC was tech's main event.

----

RSM Plans $1 Billion Investment in AI Agents, Other Services

The accounting firm's U.S. unit plans to integrate generative AI into internal workflows and help middle-market companies with AI strategies.

----

Insurance Broker Aon Rides Tailwind From Tariff Uncertainty

Aon CFO Edmund Reese reviews growth opportunities and says inflation has generally been a net positive for the company.

----

Broadcom's AI Bonanza Has Limits

The chip and software giant is raking in money, but its valuation is sky-high.

----

How the Cybertruck Came to Embody Tesla's Problems

The electric pickup was supposed to create a halo effect for the brand, but the truck's reputation has been tarnished by politics and production snafus.

----

Chinese-Owned Company Halts Work on Factory to Make Batteries in U.S.

Automotive Energy Supply Corp., which has a deal to supply BMW, paused construction amid uncertainty over tariffs for imported machinery and materials, and a potential loss of subsidies.

----

Meme Stocks Made Him a Fortune. Now He's Betting on Flying Taxis.

Hedge-fund manager Jason Mudrick was looking for his next big bet. He was as surprised as anyone that he settled on a futuristic industry.

(END) Dow Jones Newswires

June 09, 2025 09:00 ET (13:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.