AGP Executive Report
Last update: an hour agoEnergy Deal: Cenovus agreed to buy Athabasca Oil for $5.7 billion, adding about 45,000 barrels of oil equivalent a day and long-life oilsands reserves. Media Consolidation: Skydance completed its $81 billion takeover of Warner Bros. Discovery, combining major studios, networks and streaming services; the company says its platforms may eventually merge. Corporate Finances: U.S. companies’ excess cash reached a record $50.1 billion in the second quarter, driven by robust chip exports. Regulation: The U.S. Justice Department outlined a tougher corporate-fraud enforcement approach, while the EU is weighing a levy on large tech firms. Market Growth: India’s quick-commerce sector is forecast to reach $90 billion by fiscal 2031. Housing Policy: Michigan capped large institutional investors at 100 single-family homes, with fines for violations.
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