Business news

Business news • Jun 01

Michael Saylor backs STRC after strategy sells bitcoin to fund preferred dividends

Michael Saylor says Strategy aims to make STRC the world's best credit instrument after the company sold bitcoin to help fund preferred stock distributions.

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Business news • Jun 01

Florida sues OpenAI and Sam Altman over AI risks

Florida Republican Attorney General James Uthmeier filed a lawsuit on Monday against OpenAI and its CEO Sam Altman, alleging that the AI startup's ChatGPT...

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Business news • Jun 01

Barry Diller’s People Inc. Plans a Takeover Bid for MGM Resorts

The mogul's People Inc. is preparing an offer to buy the portion of the casino giant that it doesn't already own, at an $18 billion valuation.

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Business news • Jun 01

MGM Resorts International Confirms Receipt of Acquisition Proposal from People Incorporated

LAS VEGAS, June 1, 2026 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") confirms that it received an offer today from...

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Business news • Jun 01

Software Stocks Gain After Nvidia CEO Dispels SaaSpocalypse Fears

"A lot of people have said, Jensen, AI is coming. Agentic AI is coming. Therefore, all of the software companies are going to go out of business.

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Business news • Jun 01

Northrop Grumman partners with Apex on space-based interceptors for Golden Dome

WASHINGTON — Northrop Grumman has partnered with satellite manufacturing startup Apex to develop space-based interceptors for the Golden Dome missile...

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Business news • Jun 01

Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High—Passing Bezos And Brin

Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player...

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Business news • Jun 01

Barry Diller's People Inc. offers to buy MGM Resorts, valuing it at $18 billion

Barry Diller's People Inc. is offering to buy the rest of MGM Resorts after acquiring a 26.1% stake in the Las Vegas casino and resort operator,...

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Business news • Jun 01

Chinese Military Sought Nvidia Chips for Years, Report Says

An analysis of six years of procurement records suggests that the People's Liberation Army has openly tried to acquire restricted U.S. technology.

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Business news • Jun 01

Berkshire Hathaway to Buy Taylor Morrison for $6.8 Billion

(Bloomberg) -- Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under...

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Business news • Jun 01

United Airlines flight to Spain returns to U.S. after Bluetooth device is labeled a "certain four-letter word"

According to air traffic control audio, security came to inspect the aircraft after someone named their Bluetooth device a "certain four-letter word."

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Business news • Jun 01

UAW Goes on Strike at Key General Motors Truck Supplier Plant

American Axle's Michigan plant makes key parts for Chevy Silverado, GMC Sierra trucks.

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Business news • Jun 01

Ex-CA Attorney General: Paramount-Warner Bros. Should Be Reviewed — Not Automatically Resisted

Attorney general Rob Bonta is right to review the transaction carefully. But careful review is not the same as presumptive opposition.

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Business news • Jun 01

Hilton Launches Undergraduate by Hilton, Accelerating Lifestyle Portfolio Growth

New upper‑midscale brand builds on the success of Graduate by Hilton, bringing college town hospitality to a broader range of markets.

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Business news • Jun 01

Berkshire Hathaway Has First Takeover by CEO Abel, Paying $8.5 Billion for a Homebuilder

The conglomerate said it would buy Taylor Morrison Home, a leading homebuilder, as it continues to expand in the sector.

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Business news • Jun 01

Barry Diller's People offers to buy casino giant MGM Resorts for $48.30 per share

Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share.

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Business news • Jun 01

A cancer vaccine made just for you. mRNA is back and it's fighting melanoma

A study finds that an mRNA vaccine is highly effective at preventing recurrence of this dangerous skin cancer, when used in combination with Keytruda,...

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Business news • Jun 01

Motorola Solutions acquires Israeli drone defense startup D-Fend for $1.5 billion

Israeli defense technology startup D-Fend has been acquired for $1.5 billion by the U.S. company Motorola Solutions. D-Fend operates in the rapidly growing...

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Business news • Jun 01

Lilly locks in vague, 5-program pact with Haisco worth up to $3B

Within hours of securing a gastrointestinal drug from Korea's Hanmi, Lilly has ramped up the biobucks for a wider-ranging pact with China's Haisco.

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Business news • Jun 01

'Disrupted or dead': AI is crushing a generation of startups built before ChatGPT

Nearly half of America's 857 unicorn startups haven't raised fresh funding in three years, PitchBook data shows. Startups that last raised in 2021 are worth...

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