(Reuters) -The U.S. Securities and Exchange Commission has been probing marketing platform AppLovin's data-collection practices, Bloomberg News reported on Monday, citing people familiar with the matter. Shares of the company were down nearly 16% after the report. (Reporting by Juby Babu in Mexico City; Editing by Sahal Muhammed)
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(Reuters) -The U.S. Securities and Exchange Commission has been probing marketing platform AppLovin's data-collection practices, Bloomberg News reported on Monday, citing people familiar with the matter. Shares of the company were down nearly 14% after the report. The agency has specifically reviewed allegations that AppLovin violated platform partners' service agreements to push more targeted advertising to consumers, the report said. SEC enforcement officials assigned to cyber and emerging technologies have been handling the matter, it said. AppLovin did not immediately respond to a Reuters request for comment. The SEC said it is not able to respond to many inquiries from the press due to the government shutdown. (Reporting by Juby Babu in Mexico City; Editing by Sahal Muhammed)
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(Reuters) -Defense contractor Science Applications International Corp said on Monday it had agreed to buy peer SilverEdge Government Solutions from private equity firm Godspeed Capital for $205 million in cash. The transaction is expected to close in the third quarter of fiscal year 2026. Reston, Virginia-based SAIC provides government technical and enterprise IT services. In June, the company was awarded a $928 million five-year contract by the Department of Defense to provide engineering services in support of the U.S. Air Force's TENCAP programme. Through its acquisition of cybersecurity, software and intelligence solutions provider SilverEdge Government Solutions, SAIC looks to expand its product portfolio with the integration of SilverEdge's products, including its flagship software-as-a-service product suite, SOAR. "SOAR delivers agile, low-risk and rapid prototyping products that align with our enterprise growth strategy to provide integrated digital solutions to our customers that tackle national priorities," said Toni Townes-Whitley, CEO of SAIC. For the deal, SAIC was supported by KPMG as its financial adviser and SilverEdge was advised by KippsDeSanto & Co. (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Alan Barona)
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(Reuters) -The U.S. Securities and Exchange Commission has been probing marketing platform AppLovin's data-collection practices, Bloomberg News reported on Monday, citing people familiar with the matter. Shares of the company were down nearly 14% after the report. The agency has specifically reviewed allegations that AppLovin violated platform partners' service agreements to push more targeted advertising to consumers, the report said. SEC enforcement officials assigned to cyber and emerging technologies have been handling the matter, it said. AppLovin did not immediately respond to a Reuters request for comment. The SEC said it is not able to respond to many inquiries from the press due to the government shutdown. (Reporting by Juby Babu in Mexico City; Editing by Sahal Muhammed)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
By Dawn Chmielewski and Helen Coster LOS ANGELES (Reuters) -Paramount Skydance CEO David Ellison has named Bari Weiss editor-in-chief of CBS News, as part of a deal to acquire the online news site she founded, The Free Press. The companies did not disclose the deal value in Monday's announcement. A source familiar with the matter said it was for $150 million. In an essay announcing the deal Monday, Weiss, 41, said the deal provides "a chance to help reshape a storied media organization—to help guide CBS News into a future that honors those great values that underpin The Free Press and the best of American journalism." The announcement capped months of talks between Ellison and Weiss. The newly minted media baron first floated the idea at July's Allen & Co conference in Sun Valley, a frequent staging ground for major media mergers, according to media reports. Weiss resigned as an opinion writer for the New York Times in July 2020, in a 1,500-word open letter in which she described being the subject of "constant bullying" by colleagues who disagreed with her views. FROM NEW YORK TIMES TO START-UP, AND BACK TO LEGACY MEDIA In 2022, she founded her new media company on a credo of "honesty, doggedness, and fierce independence." In a letter to Paramount employees Monday, Ellison wrote that the company is a steward of one of the world's most iconic news organizations. “We are challenging ourselves to do better – recognizing that we have the ability to reach a broad audience and demonstrate constructive, respectful, and bipartisan dialogue in our own work,” he wrote. Weiss “brings a passion for reaching broad audiences through rigorous, fact-based reporting and a relentless commitment to amplifying voices from all corners of the spectrum,” he wrote. In a letter to CBS News employees, Weiss said that CBS was part of her family tradition. "Whenever I hear that tick, tick, tick or that trumpet fanfare, it sends me right back to our den in Pittsburgh," Weiss wrote in the letter seen by Reuters. "The opportunity to build on that legacy with you — and to renew it in an era that so desperately needs it — is an extraordinary privilege." Weiss said she wanted to hear from the staff at CBS News about what's working and what's not, with the goal of making CBS News the most-trusted news organization in America. She promised to listen with "an open mind, a fresh notebook and an urgent deadline." FREE PRESS CHALLENGES CONVENTIONAL NARRATIVES The Free Press has earned a reputation for challenging conventional narratives. Notable articles include a first-person essay from a then-senior editor at NPR, who accused the public radio network of liberal bias that cost it listeners' trust. Another offered a whistleblower account of the Washington University Transgender Center at the St. Louis Children's Hospital, which reported vulnerable teenagers with mental health problems rushed into life-altering treatments. In a 2023 essay in Tablet magazine, Weiss argued for the dismantling of institutional diversity, equity, and inclusion (DEI) programs, writing that the movement "threatens not just Jews—but America itself." Online, the reaction to her hiring has been mixed. Nikole Hannah-Jones, a reporter covering racial injustice for The New York Times Magazine, wrote on the Bluesky platform Monday: “In case it wasn’t clear, the anti-DEI crusade has never been about merit. Zero news experience. Never been a reporter. Elevated to Editor in Chief of CBS News, one of the most storied news institutions in the nation.” Weiss will report directly to David Ellison and help set an editorial course for CBS News. The network's evening news broadcast is in third place behind its television peers. She will work with CBS News President Tom Cibrowski, who joined in 2025 after spending 25 years at ABC News in a variety of leadership positions. Cibrowski will continue to report to George Cheeks, Paramount's chair of TV Media. The Free Press, which has about 1.5 million subscribers including 170,000 paying members, will remain independent, retaining its brand and operations, the companies said. The Free Press will continue to publish. Major media and tech companies are now controlled by supporters of President Donald Trump or billionaire business leaders who lined up behind him during his inauguration, donated to his inaugural fund or visited the White House with gifts. The son of longtime Trump supporter Larry Ellison, David Ellison, helped secure regulatory approval for his company Skydance Media to buy Paramount, with the promise that the CBS network would reflect "a diversity of viewpoints from across the political and ideological spectrum," according to a statement from Federal Communications Commission Chairman Brendan Carr announcing the deal. Prior to the deal, Paramount paid $16 million to settle a 2024 lawsuit Trump filed over a "60 Minutes" interview with former Vice President Kamala Harris, which he claimed gave a distorted view of his rival for the White House. The FCC has said the settlement and regulatory review were unrelated. In early September, the company announced the appointment of its new ombudsman, Kenneth Weinstein, a former president and CEO of the conservative Hudson Institute. (Reporting by Dawn Chmielewski in Los Angeles and Helen Coster in New York, Aditya Soni and Jaspreet Singh in Bengaluru; Editing by Sriraj Kalluvila and Nick Zieminski)
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By Mike Scarcella WASHINGTON (Reuters) -The U.S. Supreme Court declined on Monday to hear a bid by Europe's largest software maker SAP to avoid a lawsuit by U.S. data technology company Teradata that accused it of violating American antitrust law. The justices turned away SAP's appeal of a lower court's decision that let Teradata pursue claims that its larger German rival violated U.S. antitrust law by tying sales of business-planning applications to the purchase of a key SAP database that can perform transactional and analytical functions. San Diego-based Teradata makes a rival analytics database. Teradata filed its lawsuit against SAP in federal court in California in 2018. SAP has denied any wrongdoing. A judge has scheduled an April 2026 trial on Teradata's claims, as well as on a counterclaim that SAP lodged against Teradata accusing it of patent infringement. SAP sells "enterprise resource planning" software to companies that lets them manage data used in daily activities such as finance and supply-chain operations. Teradata makes a database that can provide analytics on such a substantial amount of data. The company said SAP customers relied on other tech companies like Teradata to handle the data that SAP's applications produced. The lawsuit accused SAP of illegally tying sales of its business operations software with a new product that was developed to compete with Teradata's database. Two key legal standards guide how judges resolve whether conduct restrains competition: the "per se rule," under which alleged conduct is presumed illegal; and the "rule of reason," under which judges balance between anticompetitive effects and a defendant's procompetitive justification. SAP won in the district court, but the San Francisco-based 9th U.S. Circuit Court of Appeals revived Teradata's case in 2024. The 9th Circuit said there was a material dispute between the companies that a jury could take up and decide. The 9th Circuit, using a version of the "per se rule," applied too stringent a standard in evaluating Teradata's claims, SAP told the Supreme Court in a filing. SAP said the 9th Circuit's ruling clashed with how another federal appeals court in Washington in 2001 resolved a landmark antitrust case against Microsoft. In its filing at the Supreme Court, SAP said its two products were integrated, and that such integration benefits consumers and allows companies to compete effectively. Teradata urged the justices to reject SAP's appeal. It disputed that SAP's two products were integrated and also denied there was any divide among the federal appeals courts about which rules judges should use to evaluate antitrust lawsuits. Meta Platforms and Microsoft jointly submitted a friend-of-the-court brief backing SAP at the Supreme Court. (Reporting by Mike Scarcella; Editing by Will Dunham)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
By Dawn Chmielewski and Helen Coster LOS ANGELES (Reuters) -Paramount Skydance CEO David Ellison has named Bari Weiss editor-in-chief of CBS News, the news division of U.S. broadcaster CBS, as part of a deal to acquire the online news site she founded, The Free Press. The appointment is seen as Ellison's bet that Weiss, a successful entrepreneur and outsider with billionaire connections, can modernize and turn around the powerful but third-placed broadcast news network. The companies did not disclose the deal value in Monday's announcement. A source familiar with the matter said it was for $150 million. In an essay announcing the transaction on Monday, Weiss, 41, said the deal provides "a chance to help reshape a storied media organization—to help guide CBS News into a future that honors those great values that underpin The Free Press and the best of American journalism." Ellison, the son of Oracle co-founder Larry Ellison, took over the CBS network and other Paramount properties earlier this year when his company Skydance Media merged with Paramount Global in a $8.4 billion deal. He helped secure regulatory approval for the deal with the promise that the CBS network would reflect "a diversity of viewpoints from across the political and ideological spectrum." Monday's announcement capped months of talks between Ellison and Weiss. The newly minted media baron first floated the idea at July's Allen & Co conference in Sun Valley, a frequent staging ground for major media mergers, according to media reports. Weiss previously worked in the opinion sections of the New York Times and the Wall Street Journal, describing herself as the most right-wing person at the Times and the most politically progressive at the Journal. Defying easy characterization, she has been critical of diversity initiatives, defended gay marriage, supported reproductive rights, and described herself as proudly pro-Israel. She resigned as opinion writer for the Times in July 2020, in a 1,500-word open letter in which she said she had been the subject of "constant bullying" by colleagues who disagreed with her views. She went on to launch an independent media company, The Free Press, which she began as a newsletter in 2021. FROM NEW YORK TIMES TO START-UP, AND BACK TO LEGACY MEDIA In 2022, she wrote that The Free Press was founded on a credo of "honesty, doggedness, and fierce independence." In a letter to Paramount employees on Monday, Ellison wrote that the company is a steward of one of the world's most iconic news organizations. “We are challenging ourselves to do better – recognizing that we have the ability to reach a broad audience and demonstrate constructive, respectful, and bipartisan dialogue in our own work,” he wrote. Weiss “brings a passion for reaching broad audiences through rigorous, fact-based reporting and a relentless commitment to amplifying voices from all corners of the spectrum,” he wrote. In a letter to CBS News employees, Weiss said that CBS was part of her family tradition. "Whenever I hear that tick, tick, tick or that trumpet fanfare, it sends me right back to our den in Pittsburgh," Weiss wrote in the letter seen by Reuters. "The opportunity to build on that legacy with you — and to renew it in an era that so desperately needs it — is an extraordinary privilege." Weiss said she wanted to hear from the staff at CBS News about what was working and what was not, with the goal of making CBS News the most-trusted news organization in America. She promised to listen with "an open mind, a fresh notebook and an urgent deadline." The clock is ticking for the traditional nightly newscast, whose audience is dwindling in an era of instant access to information online and on social media. The "CBS Evening News" show attracts an average of nearly 3.8 million viewers, fewer than its broadcast rivals, according to the most recent Nielsen data. "Bari Weiss runs a small passionate team that truly understands how to build a brand and engage their followers," said LightShed Partners media analyst Richard Greenfield. "CBS News outside of '60 Minutes' does not mean much to the average consumer in 2025. (It) will be fascinating to see if and how Bari can change that." FREE PRESS CHALLENGES CONVENTIONAL NARRATIVES The Free Press has earned a reputation for challenging conventional narratives. Notable articles include a first-person essay from a then-senior editor at NPR, who accused the public radio network of liberal bias that cost it listeners' trust. Another offered a whistleblower account of the Washington University Transgender Center at the St. Louis Children's Hospital, which reported vulnerable teenagers with mental health problems rushed into life-altering treatments. In a 2023 essay in Tablet magazine, Weiss argued for the dismantling of institutional diversity, equity, and inclusion programs, writing that the movement "threatens not just Jews— but America itself." The reaction to her hiring has been mixed. Judy Marie Muller, a former correspondent for CBS and ABC News, and a professor emerita of journalism at the USC Annenberg School for Communication and Journalism, called Weiss’ appointment a “sad shift.” "We can say what we want coming in — yes, let's stick to these high standards — and then we'll just see what happens," said Muller. "I think we have to watch what she does, not what she says." Weiss had never been a reporter and had "zero news experience," said Nikole Hannah-Jones, a reporter covering racial injustice for The New York Times Magazine. Weiss will report directly to David Ellison and help set an editorial course for CBS News. The Free Press, which has about 1.5 million subscribers including 170,000 paying members, will remain independent, retaining its brand and operations, and will continue to publish, the companies said. Prior to the Paramount-Skydance deal being cleared, Paramount paid $16 million to settle a 2024 lawsuit filed by U.S. President Donald Trump. The Federal Communications Commission has said the settlement and regulatory review were unrelated. (Reporting by Dawn Chmielewski in Los Angeles and Helen Coster in New York, Aditya Soni and Jaspreet Singh in Bengaluru; Editing by Sriraj Kalluvila, Nick Zieminski and Rosalba O'Brien)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
By Dawn Chmielewski and Helen Coster LOS ANGELES (Reuters) -Paramount Skydance CEO David Ellison has named Bari Weiss editor-in-chief of CBS News, the news division of U.S. broadcaster CBS, as part of a deal to acquire the online news site she founded, The Free Press. The appointment is seen as Ellison's bet that Weiss, a successful entrepreneur and outsider with billionaire connections, can modernize and turn around the powerful but third-placed broadcast news network. The companies did not disclose the deal value in Monday's announcement. A source familiar with the matter said it was for $150 million. In an essay announcing the transaction on Monday, Weiss, 41, said the deal provides "a chance to help reshape a storied media organization—to help guide CBS News into a future that honors those great values that underpin The Free Press and the best of American journalism." Ellison, the son of Oracle co-founder Larry Ellison, took over the CBS network and other Paramount properties earlier this year when his company Skydance Media merged with Paramount Global in a $8.4 billion deal. He helped secure regulatory approval for the deal with the promise that the CBS network would reflect "a diversity of viewpoints from across the political and ideological spectrum." Monday's announcement capped months of talks between Ellison and Weiss. The newly minted media baron first floated the idea at July's Allen & Co conference in Sun Valley, a frequent staging ground for major media mergers, according to media reports. Weiss previously worked in the opinion sections of the New York Times and the Wall Street Journal, describing herself as the most right-wing person at the Times and the most politically progressive at the Journal. Defying easy characterization, she has been critical of diversity initiatives, defended gay marriage, supported reproductive rights, and described herself as proudly pro-Israel. She resigned as opinion writer for the Times in July 2020, in a 1,500-word open letter in which she said she had been the subject of "constant bullying" by colleagues who disagreed with her views. She went on to launch an independent media company, The Free Press, which she began as a newsletter in 2021. FROM NEW YORK TIMES TO START-UP, AND BACK TO LEGACY MEDIA In 2022, she wrote that The Free Press was founded on a credo of "honesty, doggedness, and fierce independence." In a letter to Paramount employees on Monday, Ellison wrote that the company is a steward of one of the world's most iconic news organizations. “We are challenging ourselves to do better – recognizing that we have the ability to reach a broad audience and demonstrate constructive, respectful, and bipartisan dialogue in our own work,” he wrote. Weiss “brings a passion for reaching broad audiences through rigorous, fact-based reporting and a relentless commitment to amplifying voices from all corners of the spectrum,” he wrote. In a letter to CBS News employees, Weiss said that CBS was part of her family tradition. "Whenever I hear that tick, tick, tick or that trumpet fanfare, it sends me right back to our den in Pittsburgh," Weiss wrote in the letter seen by Reuters. "The opportunity to build on that legacy with you — and to renew it in an era that so desperately needs it — is an extraordinary privilege." Weiss said she wanted to hear from the staff at CBS News about what was working and what was not, with the goal of making CBS News the most-trusted news organization in America. She promised to listen with "an open mind, a fresh notebook and an urgent deadline." The clock is ticking for the traditional nightly newscast, whose audience is dwindling in an era of instant access to information online and on social media. The "CBS Evening News" show attracts an average of nearly 3.8 million viewers, fewer than its broadcast rivals, according to the most recent Nielsen data. "Bari Weiss runs a small passionate team that truly understands how to build a brand and engage their followers," said LightShed Partners media analyst Richard Greenfield. "CBS News outside of '60 Minutes' does not mean much to the average consumer in 2025. (It) will be fascinating to see if and how Bari can change that." FREE PRESS CHALLENGES CONVENTIONAL NARRATIVES The Free Press has earned a reputation for challenging conventional narratives. Notable articles include a first-person essay from a then-senior editor at NPR, who accused the public radio network of liberal bias that cost it listeners' trust. Another offered a whistleblower account of the Washington University Transgender Center at the St. Louis Children's Hospital, which reported vulnerable teenagers with mental health problems rushed into life-altering treatments. In a 2023 essay in Tablet magazine, Weiss argued for the dismantling of institutional diversity, equity, and inclusion programs, writing that the movement "threatens not just Jews— but America itself." The reaction to her hiring has been mixed. Judy Marie Muller, a former correspondent for CBS and ABC News, and a professor emerita of journalism at the USC Annenberg School for Communication and Journalism, called Weiss’ appointment a “sad shift.” "We can say what we want coming in — yes, let's stick to these high standards — and then we'll just see what happens," said Muller. "I think we have to watch what she does, not what she says." Weiss had never been a reporter and had "zero news experience," said Nikole Hannah-Jones, a reporter covering racial injustice for The New York Times Magazine. Weiss will report directly to David Ellison and help set an editorial course for CBS News. The Free Press, which has about 1.5 million subscribers including 170,000 paying members, will remain independent, retaining its brand and operations, and will continue to publish, the companies said. Prior to the Paramount-Skydance deal being cleared, Paramount paid $16 million to settle a 2024 lawsuit filed by U.S. President Donald Trump. The Federal Communications Commission has said the settlement and regulatory review were unrelated. (Reporting by Dawn Chmielewski in Los Angeles and Helen Coster in New York, Aditya Soni and Jaspreet Singh in Bengaluru; Editing by Sriraj Kalluvila, Nick Zieminski and Rosalba O'Brien)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
NEW YORK (Reuters) -Bitcoin hit a new record high on Monday as the world's largest cryptocurrency by market value continued to benefit from strong investor demand. The rally since the start of the year has been fueled by institutional investors, friendlier policies under U.S. President Donald Trump, and a bitcoin's increasing connection with global financial systems. Bitcoin rose as high as $125,835.92 after climbing above $125,000 for the first time on Sunday. It was last up 2.02% at $125,253.63, on course for the second straight session of gains. It has risen more than 33% this year. "Bitcoin is the hurdle rate. If you can't beat it, you have to buy it. And I think the next 12 weeks are going to be very fun for bitcoin holders," wrote Anthony Pompliano, founder and CEO of Professional Capital Management, in a letter to investors on Monday. Bitcoin's ascent has coincided with the weakness of the U.S. dollar against major peers as Trump's tariffs on U.S. trade partners and uncertainty about their impact have prompted investors to diversify away from U.S. assets. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 98.09. It is down nearly 10% this year. [FRX/] "Bitcoin has surged ever since it briefly broke below $110,000 just over a week ago. The current rally means that Bitcoin has added around 13% since 28th September," wrote David Morrison, senior market analyst at FCA-regulated fintech and financial services provider Trade Nation, in emailed comments. "Its daily MACD (Moving Average Convergence Divergence) has turned up sharply, and while this indicates a rise in upside momentum, it may be that bitcoin will need to consolidate before it has a chance to push up further." (Reporting by Chibuike Oguh and Gertrude Chavez in New York; Editing by Chizu Nomiyama, Chris Reese and Richard Chang)
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(Reuters) -Toymaker Mattel is partnering with OpenAI to test the ChatGPT maker's artificial-intelligence video model Sora 2, OpenAI CEO Sam Altman said at the company's Developer Day conference on Monday. "Mattel has been a great partner working with us to test Sora 2 in the API (application programming interface) and see what they can do to bring product ideas to life more quickly. So one of their designers can now start with a sketch and then turn these early concepts into something that you can see and share and react to," Altman said. Monday's moves are the latest in a stream of announcements for OpenAI, which sparked the modern AI boom with the launch of ChatGPT about three years ago. Many of CEO Sam Altman's ambitions are bold and expensive, even by Silicon Valley standards, sparking some concern among tech investors about whether or not AI investments are a bubble. (Reporting by Zaheer Kachwala in Bengaluru, Deepa Seetharaman and Kenrick Cai in San Francisco; Editing by Pooja Desai)
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