--- title: "Dow Jones Top Company Headlines at 5 PM ET: California, Other State AGs Sue to Block Paramount-Warner Megadeal | CEO ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/292533691.md" description: "Major corporate news includes California and other states suing to block the Paramount-Warner merger, citing consumer harm. Jack Daniel's CEO Maker Brown-Forman will step down, while Volkswagen warns of up to 50,000 job cuts. Meta raised its Louisiana data center cost to $50 billion, and Intel pledged €5 billion for Irish manufacturing. Other deals include First Hawaiian merging with TriCo Bancshares, Nippon Paint bidding for AkzoNobel's unit, and Shein targeting a $40B valuation after IPO approval." datetime: "2026-07-13T21:21:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292533691.md) - [en](https://longbridge.com/en/news/292533691.md) - [zh-HK](https://longbridge.com/zh-HK/news/292533691.md) generator: "portal-rs" --- # Dow Jones Top Company Headlines at 5 PM ET: California, Other State AGs Sue to Block Paramount-Warner Megadeal | CEO ... California, Other State AGs Sue to Block Paramount-Warner Megadeal A coalition of a dozen states alleged the Hollywood merger would boost prices for consumers and lower quality for film and television. ---- CEO of Jack Daniel's Maker Brown-Forman to Step Down Lawson Whiting, who has led the spirits giant since 2019, will remain in the role until a successor is appointed. ---- Appeals Court Revives Lawsuits Alleging Tylenol Causes Autism and ADHD The decision puts mass litigation against the drugmaker back on course by overturning a ruling that the science was unreliable. ---- Volkswagen Warns It May Need to Cut 50,000 More Jobs German automaker seeking to cut costs amid growing competition from China. ---- Meta Lifts Cost of Louisiana Data Center to $50 Billion The company scaled up the size of its massive data-center project in Northeast Louisiana to 5 gigawatts of compute capacity and said it would now cost more than $50 billion. ---- Intel to Invest €5 Billion for Expanded Manufacturing in Ireland The upgrade is part of chipmaker's effort to meet AI chip demand and strengthening Europe's semiconductor supply chain. ---- SpaceX Plans Starship Test Flight After Delay SpaceX plans to launch the newest version of its Starship rocket later this week, after a mishap postponed an earlier planned mission and prompted the Federal Aviation Administration to require an investigation into the issue. ---- First Hawaiian to Merge With TriCo Bancshares in $2 Billion All-Stock Deal The parent company of First Hawaiian Bank has agreed to acquire TriCo Bancshares in an all-stock transaction valued at $2.01 billion. ---- Nippon Paint Makes $8.6 Billion Bid for AkzoNobel's Decorative-Paints Unit The move for the Akzo unit follows an earlier attempt by Nippon Paint to buy the group as a whole and split it with Sherwin-Williams. ---- Williams Gets $5.34 Billion Investment from Blackstone-led Group As part of the deal, Blackstone and its partners will receive 49% noncontrolling equity interest in five power-infrastructure projects. ---- Stellantis Shipments Rise on Strong Growth in North America Jeep maker Stellantis reported an estimated 10% increase in second-quarter vehicle shipments, driven by new model launches in North America. ---- Apple's 'Thermonuclear' Response to the OpenAI Threat Apple's suit against OpenAI under Tim Cook echoes a familiar playbook, betting that litigation can delay a rival from upending the iPhone era. ---- Serta's Landmark Liability Management Deal Backfires on Participating Lenders A bankruptcy judge last week ordered the mattress maker's lenders in the 2020 debt exchange to pay damages to nonparticipating creditors based on loan face values. ---- Shein Targets Over $40 Billion Valuation After China Nod for IPO The fast-fashion retailer has received China's nod for its long-awaited Hong Kong initial public offering. ---- EU Proposal to Curb Minors' Access to Social Media Coming Later This Year The bloc is working to curb minors' access to social media with a proposal likely to land after the summer. (END) Dow Jones Newswires July 13, 2026 17:15 ET (21:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [WBD.US](https://longbridge.com/en/quote/WBD.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [BF.A.US](https://longbridge.com/en/quote/BF.A.US.md) - [VOW.DE](https://longbridge.com/en/quote/VOW.DE.md) - [VOW3.DE](https://longbridge.com/en/quote/VOW3.DE.md) - [VWAPY.US](https://longbridge.com/en/quote/VWAPY.US.md) - [BF.B.US](https://longbridge.com/en/quote/BF.B.US.md) - [VWAGY.US](https://longbridge.com/en/quote/VWAGY.US.md) - [PARAA.US](https://longbridge.com/en/quote/PARAA.US.md) - [PARA.US](https://longbridge.com/en/quote/PARA.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [TCBK.US](https://longbridge.com/en/quote/TCBK.US.md) - [4612.JP](https://longbridge.com/en/quote/4612.JP.md) - [FHB.US](https://longbridge.com/en/quote/FHB.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [INTW.US](https://longbridge.com/en/quote/INTW.US.md) - [LINT.US](https://longbridge.com/en/quote/LINT.US.md) - [INYY.US](https://longbridge.com/en/quote/INYY.US.md) - [FBY.US](https://longbridge.com/en/quote/FBY.US.md) - [FBYY.US](https://longbridge.com/en/quote/FBYY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [SHW.US](https://longbridge.com/en/quote/SHW.US.md) - [WMB.US](https://longbridge.com/en/quote/WMB.US.md) - [BX.US](https://longbridge.com/en/quote/BX.US.md) - [STLA.US](https://longbridge.com/en/quote/STLA.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) ## Related News & Research - [Meta's $1.4 Trillion Legal Risk Takes a New Turn](https://longbridge.com/en/news/296375291.md) - [Why states fought to present a united case against Meta over youth social media harms](https://longbridge.com/en/news/296209320.md) - [Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay](https://longbridge.com/en/news/296137299.md) - [Instagram Head of Product Design Explains Thinking Behind That New Logo and Responds to Critics: ‘It’s Important for Us to Embrace the Future’](https://longbridge.com/en/news/296134477.md) - [Meta Platforms, Inc. $META Shares Bought by Empirical Financial Services LLC d.b.a. 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