Wall Street Breakfast New Paramount must ditch bias, says FCC in merger OK
Jul 25, 2025
Paramount clinches a merger approval from the FCC, but there's a catch—unbiased news reporting is a must. Meanwhile, Intel plans a significant workforce cut as part of a revival strategy. In a surprising twist, there's a surge in demand for U.S.-banned Nvidia AI chips in China, hinting at an emerging black market. The financial landscape also sees crucial insights into major stock movements, including challenges facing Dow and Tesla as analysts weigh in on future trends.
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FCC Demands Bias-Free News
- The FCC approved Skydance's acquisition of Paramount with conditions to ensure unbiased, diverse, and fair news coverage.
- Skydance will implement an ombudsman and reject diversity, equity, and inclusion policies to build trust in news reporting.
Intel Halts Blank Check Spending
- Intel is cutting 24,000 jobs in 2024, part of a shift away from blank check spending.
- The new CEO focuses on economic sense and has redirected resources with global operational changes.
China's NVIDIA Chip Repair Surge
- Despite U.S. export bans, China has a booming black market repairing NVIDIA AI chips.
- Shenzhen firms specialize in fixing H100 and A100 GPUs that unofficially entered China.