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Major bank stocks, including JPMorgan, Goldman Sachs, and Wells Fargo, are nearing record highs, driven by declining interest rates that ease pressure on deposit costs and market issues. Portfolio Manager David Ellison notes that the banking sector, long stagnant since 2008, may finally see growth due to softer regulations and favorable economic conditions.
National Amusements, controlled by Shari Redstone and her family, has repaid a $186 million term loan using funds from the Ellison family, led by David Ellison, as part of their merger with Skydance Media. The loan was due in May and was refinanced with assistance from Ellison"s father, a billionaire.
Paramount Global abandoned merger talks with Warner Bros. Discovery after months of discussions yielded no concrete offer, according to a regulatory filing. The company, which owns CBS and MTV, subsequently agreed to merge with Skydance Media, having explored options with at least 12 other potential partners.
David Ellison
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Paramount Global
CBS 1 LLC
MTV BAY Area Properties LLC
Skydance Media
Warner Bros. Discovery, Inc.
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David Ellison
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23:29 05.11.2024
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