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The Pour Over Today

Credit Card Merger, Assange Extradition Appeal, & More | 02.21.24

Feb 21, 2024
Topics include Capital One acquiring Discover, Julian Assange's extradition appeal, updates on the war in Gaza, OpenAI's employees cashing out shares, and a COVID vaccine study revealing possible adverse effects.
10:55

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Quick takeaways

  • Capital One acquires Discover, becoming the largest US credit card company by loan volume.
  • Julian Assange's extradition appeal raises concerns about freedom of press and human rights.

Deep dives

Capital One Acquires Discover

Capital One has agreed to acquire Discover Financial Services in a stock deal worth $35.3 billion. This acquisition will make Capital One the largest US credit card company by loan volume and give them access to Discover's payment processing network, reducing their reliance on Visa and MasterCard.

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