Italy’s Monte dei Paschi Makes $40 Billion Move to Buy Rival Banks

The bids come as Monte dei Paschi explores options to preserve its independence. - Alessia Pierdomenico/Bloomberg News The battle for control of Italy's biggest banks entered a new phase after Banca… [+4014 chars]

Amazon to Expand Drone Delivery Service to Nearly 500 Locales

An Amazon Prime Air delivery drone on display in 2023. - jason redmond/Agence France-Presse/Getty Images Amazon announced a major expansion of its drone delivery service, with plans to roll it out t… [+2342 chars]

Disney’s ABC Sues Trump’s FCC Over Challenge to Its Broadcast License

Joe Flint, reporting for The Wall Street Journal (gift link): Walt Disney’s ABC has sued the Federal Communications Commission alleging the agency’s efforts to challenge its broadcast licenses and… [+916 chars]

Tech Stocks Slide as Global Bond Rout Deepens

- Michael Nagle/Bloomberg News Government bonds are selling off worldwide and stocks are in the red as investors fret over heavy fiscal spending and inflation. At the same time, the capital-hungry … [+1065 chars]

L3Harris Parts Ways With Chairman, CEO Kubasik Over Conduct

L3Harris Technologies has parted ways with Christopher Kubasik, its chairman and chief executive. - Andrej Ivanov/Bloomberg News L3Harris Technologies has parted ways with Christopher Kubasik, its c… [+605 chars]

Trump Administration ‘Not in Favor’ of Apple Using Chinese RAM

The Wall Street Journal (gift link): To help alleviate the supply crunch, Apple is looking to Chinese manufacturers. “The Trump administration is not in favor of that,” Lutnick said in an inter… [+900 chars]