Meta AI shift

Paramount Skydance CEO David Ellison launched a $30‑per‑share cash hostile bid for Warner Bros. Discovery, drawing political backing from Jared Kushner and sparking antitrust concerns, while shares of both firms rose. The U.S. will allow Nvidia, AMD and Intel to export AI chips to restricted markets for a 25 % royalty, boosting their stocks. Meta’s AI strategy pivots from open‑source Llama to a proprietary “Avocado” model, causing internal disarray. Washington unveiled a $12 billion farm aid package funded by tariffs. McDonald’s will tighten franchise pricing oversight from 2026. IBM announced an $11 billion acquisition of Confluent to expand its hybrid‑cloud and real‑time data capabilities.