Antonio Pequeño IV is a reporter who covers breaking news, with a focus on technology and online culture. He joined Forbes in 2023 and works in Los Angeles. He’s covered Elon Musk’s Twitter takeover, the Reddit blackout protest and debunked viral rumors. Prior to joining Forbes,
Paramount May Reportedly Turn Down Both Skydance And Sony Deals—What We Know About The Negotiations
Deals for the sale of Paramount have been offered amid financial struggles at the media company including streaming losses and debt.
Jack Dorsey’s Block Will Invest 10% Of Its Bitcoin Product Profit Into Bitcoin Purchases
The announcement came alongside the company’s earnings report, with its nearly$6 billion in first quarter revenue beating expectations.
Rivian Announces $827 Million From Illinois For Plant Expansion — Triggering Share Jump
Rivian paused plans for a $5 billion production facility in Georgia about two months ago as part of a cost-cutting measure.
Tesla Abruptly Pulls Summer Intern Offers Amid Major Job Cuts, Report Says
The electric vehicle maker has reportedly laid off about 10% of its workforce in recent weeks.
FTC Will Approve Exxon’s $60 Billion Merger With Pioneer—With One Caveat
The estimated value of the potential combined company is $411 billion.
Viking Shares Climb 9% Following $1.5 Billion Public Debut
The IPO makes Viking the third-largest cruise operator behind Royal Caribbean and Carnival.
Trump Ups Truth Social Stake—Receiving $1.8 Billion Stock Bonus
The media company’s stock has jumped more than 60% in the last five days of trading, bringing it to a high not seen since early April.
Cannabis Stocks Spike Following Reports Marijuana Will Be Reclassified As Less Dangerous Drug
Reclassification of the drug could result in less restrictions on marijuana studies and lower tax rates for the cannabis industry.
Tennessee Approves Bill Punishing Adults Who Help Minors Receive Gender-Affirming Care, Report Says
Tennessee is one of more than 20 states that have passed bans or restrictions on gender-affirming care.
USC Cancels Main Graduation Ceremony Amid Pro-Palestinian Protests On Campus
The university has received backlash after canceling the graduation speech of its pro-Palestinian valedictorian and for its response to dozens of students who protested the war in Gaza and were arrested Wednesday.