Sky owner Comcast in talks to buy ITV’s broadcasting arm for £2bn

The parent company of Sky is in talks to buy ITV’s broadcasting business for about £2bn, in a move that would upend the British television landscape.The US media company Comcast, which owns assets including Universal Studios and bought Rupert Murdoch’s Sky for £30bn in 2018, is in talks to buy ITV’s broadcasting arm, which includes its TV channels and streaming service ITVX.A deal would not involve its production arm ITV Studios – the maker of shows including Love Island, I’m a Celebrity and the hit drama Mr Bates vs The Post Office – which has been the subject of separate takeover talks.It comes two decades after James Murdoch made an audacious move to become the biggest shareholder in the UK’s largest commercial free-to-air broadcaster. Rupert’s youngest son acquired a 17

US markets tumble amid Wall Street concern over job losses and AI

Fears that the US economy is slowing, with firms shedding jobs and imposing hiring freezes, sent Wall Street tumbling on Thursday.The S&P 500 index of leading firms was down 1.1% as investors also highlighted concerns about the potential for a slump in the value of businesses that have benefited from huge investments in artificial intelligence. The tech-heavy Nasdaq Composite fell 1.9%

How Tesla shareholders put Elon Musk on path to be world’s first trillionaire

Now that Tesla stockholders have approved a plan to offer Elon Musk close to $1tn, the clock is ticking to make the company worth eight times more than it is today.If Musk can grow Tesla to over $8tn in value for stockholders over the next decade, he will be well on his way to becoming the world’s first trillionaire.More than 75% of shareholders voted in favor of the historic compensation plan during a vote at the company’s headquarters in Austin on Thursday. After the votes were in, Musk took the stage and danced after the news was announced.“It’s not just a new chapter for Tesla,” Musk said

Tesla shareholders approve $1tn pay package for Elon Musk

Tesla shareholders approved a $1tn compensation plan for CEO Elon Musk on Thursday, awarding the world’s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it.The pay package, which several high-profile investors opposed, demonstrates that shareholders still believe Musk can lead the automaker in an era dominated by robotics and artificial intelligence.The result of the vote was announced at the annual shareholder event in Austin, Texas, with more than 75% of investors voting in favor of the plan. Chants of “Elon” erupted in the room at the news of its approval.“Thanks, guys,” Musk said, after briefly dancing on stage alongside the company’s Optimus robots

‘The goal is to win all the final races’: Norris raises bar before São Paulo GP

Lando Norris has acknowledged that he needs to be at the very top of his game to try to secure his first world championship, as the British driver heads into this weekend’s São Paulo Grand Prix with a narrow one-point lead over his McLaren teammate, Oscar Piastri.Norris had trailed Piastri by 34 points after the Dutch GP but with a series of strong results including a dominant win from pole to flag at the last round in Mexico, Norris has edged ahead in the title race for the first time since the Saudi Arabian GP in April.Red Bull’s Max Verstappen has also made a late charge to reignite his title defence, recovering from a 104-point deficit to Piastri after Zandvoort to advance to being within 36 points of Norris.Four meetings remain, including two sprint races with one this weekend in Brazil, and with 116 points still available, Norris confirmed his aim was to simply keep winning.“Nothing is completed, nothing is done,” he said

Marcus Smith urged to kickstart England attack against Fiji after setbacks

Steve Borthwick has ­acknowledged the challenges presented by ­managing Marcus Smith’s ­diminished role for England but has urged the recalled playmaker to kickstart his side’s attack against Fiji on Saturday.Borthwick revealed that he met with Smith before England’s autumn campaign to offer support to the ­Harlequins No 10, who was ­first-choice fly-half 12 months ago before being moved to full-back and then to the role of super sub.After a patchy start to the season with ­Harlequins, Smith was absent from England’s 25-7 victory over ­Australia last weekend but with ­Freddie Steward nursing a hand injury, he comes back into the side at full-back while Fin Smith replaces George Ford at fly-half.In total, Borthwick has made seven ­personnel changes with Luke ­Cowan-Dickie, Ellis Genge, Alex Coles, Ollie Lawrence and ­Chandler Cunningham-South ­starting against Fiji, who were victorious on their most recent visit to Twickenham in 2023.Genge will captain the side from the start with Maro Itoje, who has been struggling with a lower leg injury, named on the bench for the first time since 2017