Finance Foggle

  Key Takeaways Skydance Media CEO David Ellison  has held preliminary talks to acquire  Bari Weiss’s The Free Press , though a deal remains uncertain . Discussions include a potential role for Weiss in shaping  CBS News editorial direction  (non-managerial), linked to Skydance’s pending $8.4B  Paramount Global merger  . The Free Press boasts ~1.5M subscribers, a $100M valuation, and focuses on centrist/independent journalism . FCC approval for Skydance-Paramount  may require ending DEI programs, adding a CBS ombudsman, and shifting news resources to local stations . Weiss prioritizes editorial independence, complicating acquisition talks amid her attendance at the  Allen & Co. conference  with Ellison . Skydance’s Potential Acquisition of The Free Press: Media Disruption Ahead? 1 What’s Happening with Skydance and The Free Press? David Ellison, the CEO of  Skydance Media , is in early discussions to acquire  The Free Press...

  Key Takeaways Urgent recall : Walmart recalled 850,000 Ozark Trail water bottles due to lids forcefully ejecting upon opening . Severe injuries reported : Two people suffered permanent vision loss, and a third sustained injuries from lids hitting their eyes/face . Specific cause : Lids eject when bottles stored perishable beverages (milk, juice) or carbonated drinks over time, building internal pressure . Refund process : Consumers should immediately stop using the bottles and return them to any Walmart store for a full refund . Identification : Recalled bottles are 64-oz, silver with black screw caps, Ozark Trail logo, and model #83-662 (on packaging only) . What Happened with the Ozark Trail Water Bottle Recall? So yeah, Walmart announced this massive recall on July 10, 2025, right. They pulled around 850,000 units of their Ozark Trail 64-ounce stainless steel water bottles off the market. The reason? Those bottles had lids that could literally shoot off like a rocket when you ...

  Key Takeaways Vertiv stock dropped 6-11% after AWS announced its custom liquid cooling system for NVIDIA Blackwell chips, sparking fears of lost market share . Analysts from  Citi ,  RBC Capital , and  Barclays  largely called the selloff "overdone," emphasizing Vertiv's intact competitive advantages and AWS's likely reliance on suppliers . Liquid cooling represents ~10% of Vertiv’s sales, with AWS potentially being a major customer; the overall market is projected to grow from 15% to 30% of thermal management by 2027 . Conflicting reports emerged: Some sources framed AWS as a competitor, while  Finimize  highlighted a partnership for "integrated liquid cooling solutions" . Vertiv maintains a  Strong Buy  consensus (13 Buys, 2 Holds) with a $125.27 average price target (~4% upside), suggesting analysts see the dip as temporary . Vertiv Stock Tumbles: AWS Drops a Custom Cooling Bombshell Investors didn't waste no time reacting to Amazon's ne...

  Key Takeaways Goldman Sachs  is deploying  Devin , an autonomous AI coder from  Cognition Labs , to work alongside its 12,000 human developers, handling tasks like legacy code updates and app development . Productivity gains  of 3–4× are anticipated, far exceeding earlier AI tools, with initial deployments scaling to "hundreds of Devins" and potentially thousands . Job impacts  loom large: Industry forecasts predict up to 200,000 finance roles could be cut in 3–5 years due to AI automation, shifting human roles toward supervision and prompt engineering . Security and specialization  define Wall Street’s AI push: Goldman’s tools operate within a firewalled ecosystem, while rivals like  JPMorgan  and  Morgan Stanley  accelerate their own AI agent rollouts . Hybrid workforce models  emerge as the norm—developers now articulate problems for AI execution, blending technical and managerial skills . Goldman’s Non-Human Hire: Meet De...