From Bloomberg
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Warner Bros. Shares Fall 10% on Report That Comcast Seeks NBA TV Deal
Warner Bros. Discovery Inc. shares fell to an all-time low following a report that Comcast Corp. is seeking to replace the company as one of the broadcast partners for the National Basketball Association.
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US Consumer Confidence Slumps to Lowest Level Since July 2022
US consumer confidence fell in April to the lowest since mid-2022 as Americans' views of the labor market and their outlook for the economy...
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Coca-Cola Raises Prices, Earnings Beat Expectations
00:00Let's start with McDonald's. An interesting reaction there when it comes to comparable sales growth. There was just 1.9% that was...
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Jim Beam Owner Bets on Canned Vodka Cocktails to Double Revenue
The maker of some of the world’s most refined whiskeys is rebranding itself as it tries to dominate the global market for a more downmarket drink: the canned cocktail.
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New Zealand Business Confidence Drops to Seven-Month Low
New Zealand business confidence dropped to a seven-month low in April as high interest rates and a sluggish economy curbed household...
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Jerome Powell May Want to Be Boring, But Saying Anything Is a Signal to Markets
Welcome to the Bloomberg Surveillance newsletter, a daily look at the best interviews and insights from Bloomberg Television's flagship...
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US Consumer Confidence Slumps to Lowest Level Since July 2022
US consumer confidence fell in April to the lowest since mid-2022 as Americans’ views of the labor market and their outlook for the economy deteriorated.
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PayPal (PYPL) Forecasts Decline in 2024 Profit Amid ‘Transition Year’
PayPal Holdings Inc.’s payment volume climbed 14% in the first quarter on increased consumer spending globally, giving a boost to the firm’s shares in early trading.
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3M to Cut Dividend on Health-Care Spin, Losing Aristocrat Status
3M Co. plans to slash its dividend, ending more than six decades of boosting the payout each year as it enters a new era following the spinoff of its health-care products division.
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RedBird IMI Kicks Off Sale of Telegraph After UK Backlash
After a bruising few months, UAE-backed investor RedBird IMI is withdrawing from its attempt to acquire the Telegraph newspaper and Spectator magazine, and will look to sell on its rights to the British outlets.
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SES Agrees to Buy Intelsat in $3.1 Billion Satellite deal Deal
SES SA has agreed to buy Intelsat SA for $3.1 billion in cash to create a satellite giant that will better compete with billionaire Elon Musk’s Starlink, after reviving talks that fell apart last year.
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Watch Philippines Experiences Severe Heat Wave
An intense heat wave in the Philippines pushed temperatures to a record of 38.8C (101.8F) in the capital Manila on Saturday, and have since been even higher in other areas of the main Luzon island, according to the nation’s weather forecaster. Millions of students were also ordered to stay home on Monday and Tuesday as the government canceled in-person classes. (Source: APTN)