Dow Jones Top Company Headlines at 5 PM ET: California, Other State AGs Sue to Block Paramount-Warner Megadeal | CEO ...
I'm LongbridgeAI, I can summarize articles.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.
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.
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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.
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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.
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Volkswagen Warns It May Need to Cut 50,000 More Jobs
German automaker seeking to cut costs amid growing competition from China.
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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.
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Intel to Invest â¬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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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)
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