SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
DBS Targets S$1 Trillion Wealth AUM by 2030 Amid Asia Wealth Boom 
Alibaba Stock Jumps as China Approves Apple Intelligence Powered by Qwen AI 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
ASML Raises 2026 Outlook as AI Chip Demand Lifts Q2 Earnings 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Paramount Skydance has appointed Makan Delrahim, a former senior U.S. antitrust official, as its new chief legal officer as the company gears up for a potential bid for Warner Bros Discovery (WBD). Delrahim previously served as Assistant Attorney General for the Department of Justice’s Antitrust Division, where he played a central role in high-profile corporate cases, including the DOJ’s unsuccessful attempt to block AT&T’s acquisition of Time Warner in 2018.
Delrahim, who joined law firm Latham & Watkins after stepping down from public office in early 2021, brings extensive legal and regulatory expertise to Skydance. The appointment underscores Paramount Skydance’s focus on strengthening its legal strategy as it navigates major mergers and acquisitions in the evolving media and entertainment sector.
During his tenure at the DOJ, Delrahim was widely recognized for his tough stance on antitrust enforcement, particularly in the technology and media industries. He also testified before the Senate Judiciary Committee’s antitrust panel in 2019, addressing the growing concerns over the dominance of tech giants like Google. His experience in both government and private practice makes him a strategic addition to Paramount Skydance’s executive leadership.
Skydance Media, which recently completed a merger with Paramount Global after a lengthy negotiation process, relied on Delrahim’s legal expertise during the deal. His new role as chief legal officer comes at a critical time, with Paramount Skydance preparing to pursue Warner Bros Discovery, one of the entertainment industry’s most valuable assets.
The move also signals Paramount Skydance’s intent to proactively address regulatory challenges that could arise from such a significant acquisition. With Warner Bros Discovery shares slipping 0.20% and Paramount-related stocks like PSKY down 0.99%, market watchers are closely monitoring developments in this potential blockbuster deal that could reshape Hollywood’s competitive landscape.
