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Live Updates: Trump Weighs Iran Strikes, Bill Clinton Testifies in Epstein Inquiry The New York TimesBill Clinton denies having any knowledge of Epstein's crimes in historic deposition CNNBill Clinton asked about hot tub photo and testifies he knew 'nothing' of Epstein crimes BBCHouse Oversight chair: Bill Clinton punts question to committee on whether Trump should testify in Epstein probe Politico
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Netflix drops $83 billion bid for Warner Bros. Discovery, paving way for Paramount Skydance deal CBS NewsNetflix Backs Out of Bid for Warner Bros., Paving Way for Paramount Takeover The New York TimesParamount and Warner Bros' deal is about merging studios, and a whole lot more NPR‘Horrifying': Hollywood blasts Trump's role in studio sale Politico
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The nearly $111 billion marriage would unite Paramount and Warner film studios, streamers and television properties — including CNN — under the control of the wealthy Ellison family.
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Neil Sedaka, Singing Craftsman of Memorable Pop Songs, Dies at 86 The New York TimesNeil Sedaka, the singer-songwriter behind dozens of hits of the 1960s and ‘70s, dies at age 86 CNNNeil Sedaka's Biggest Billboard Hot 100 Hits: ‘Breaking Up Is Hard to Do' & Beyond YahooNeil Sedaka, 'Breaking Up Is Hard to Do' Singer and 'Love Will Keep Us Together' Songwriter, Dead at 86 People.comNeil Sedaka, Singer-Songwriter, of 'Breaking Up Is Hard to Do,' Dies Variety
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Amazon led with $50 billion while Nvidia and SoftBank each contributed $30 billion to the historic funding round.
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Netflix now has four business days to decide whether it wants to counter Paramount's offer.
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Victory Capital says it's mounted a bid for Janus Henderson that's 16% higher than the $7.4 billion bid from Trian Fund Management the fund manager already agreed.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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