OpenAI and Microsoft Tensions Are Reaching a Boiling Point
The startup, growing frustrated with its partner, has discussed making antitrust complaints to regulators.
----
Crypto Tycoon Justin Sun's Tron Group to Go Public in U.S. via Reverse Merger
Toy company SRM Entertainment plans to rename itself "Tron" and acquire TRX digital tokens.
----
Warner Bros. Bondholders Approve Company's Split
The entertainment company said that by the end of last week, it had received enough backing from creditors to move forward with the plan to separate its HBO Max streaming service, movie studio and TV production business from its cable networks.
----
Gucci Owner Picks Auto Executive for One of Global Luxury's Top Jobs
François-Henri Pinault is stepping back as CEO of Kering, hoping Luca de Meo can pull Gucci and Saint Laurent's parent company out of a slump.
----
Attorneys General Sign $7.4 Billion Purdue Pharma Opioid Settlement
The deal ends the Sacklers' control of Purdue, bars them from selling opioids in the U.S. and delivers funding across the country to support opioid-addiction treatment and prevention.
----
Trump's Smartphone Can't Be Made in America for $499 by August
Trump Mobile's phone shows some specs that would beat Apple's biggest, priciest iPhone models.
----
Companies Warned On Iranian Cyberattacks
Conflict with Israel could catch companies in the digital crossfire.
----
U.S. Steel Stock Is Rising. Trump OKs Nippon Deal After Getting 'Golden Share.'
With President Donald Trump's blessing, Nippon Steel can complete its "investment" in U.S. Steel. It's really an acquisition.
----
Santos Gets $18.72 Billion Takeover Offer From Adnoc-Led Consortium
Australia's second-largest producer of oil and natural gas received the offer from a consortium led by Abu Dhabi's national oil company worth some $18.72 billion.
----
Victoria's Secret Is Under Mounting Pressure From Latest Activist Investor
Barington Capital Group plans to push the lingerie retailer to overhaul its board.
----
Trump Sons to Launch Trump Mobile and 'U.S. Built' Phone
The Trump Organization said the mobile service would work with all three major wireless carriers.
----
Retailer At Home Files Chapter 11 Bankruptcy, Hobbled by Tariffs and Debt
Big-box retailer has struck a deal with lenders to eliminate almost all of its nearly $2 billion in funded debt and has secured around $200 million in capital to support its operations.
----
Tourism Holdings Gets $306 Million Takeover Offer From BGH-Led Consortium
The consortium appears to be open to a transaction structure that results in a controlling interest of the recreational-vehicle company, but not 100% ownership.
----
Sarepta Stock Crashes After Death of Second Patient Receiving Its Gene Therapy
A second patient receiving its experimental gene therapy Elevidys has died from liver failure, raising serious questions on the drug's outlook.
----
Roku Stock Soars. Why Its Amazon Tie-Up Has Investors Excited.
Roku and Amazon estimated that their partnership will enable marketers to sell ads to a combined audience of about 80 million households.
(END) Dow Jones Newswires
June 16, 2025 17:00 ET (21:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.