Latest news with #Tegna
Yahoo
a day ago
- Politics
- Yahoo
Al Sharpton Says Trump's Washington, D.C., Crime Crackdown Should Include Jan. 6 Rioters
"He's a man that pardoned scores of people for violating the law and beating up policemen," Sharpton says While discussing President Donald Trump's promise to crack down on crime in Washington, D.C. 'Morning Joe' guest Al Sharpton suggested that Trump include the 'criminals' who raged against the government on Jan. 6. 'Let's remember, he's a man that pardoned scores of people for violating the law and beating up policemen, Jan. 6 in Washington, D.C.,' Sharpton explained. 'He was president then; he did nothing about it, said nothing about it, and pardoned them once he got back in.' More from TheWrap Tegna Stock Surges Over 28% on Nexstar Acquisition Talks A&E's 'Family Lockup' Reunites Inmates With Estranged Relatives — in Prison | Exclusive Al Sharpton Says Trump's Washington, D.C., Crime Crackdown Should Include Jan. 6 Rioters | Video John Cena Headlines New Ad Campaign Promoting ESPN's All-In-One Streaming Service When Trump returned to the Oval Office, he issued pardons or commutations to over 1,500 people who were charged or convicted for their involvement in the Jan. 6 attack on the U.S. Capitol back on Jan. 6, 2021. He continued: 'So that man pardons people that beats up cops is going to make a big announcement at 10 o'clock on what we're going to do. Yes, we want crime down, including the criminals from Jan. 6.' On Monday, Trump took to social media to share that the country's capital will be 'liberated' from 'crime,' 'savagery,' 'filth,' and added that the 'days of ruthlessly killing or hurting innocent people are over.' As part of his supposed promise and a new executive order, he subsequently deployed the National Guard to Washington, D.C. in an effort to curve its rate of crime and homelessness, as he said it's been overrun by 'gangs and bloodthirsty criminals.' At the top of Sharpton's remarks, the activist stated that he thinks Trump is targeting blue cities that are run by Black mayors. Per D.C. Mayor Muriel Bowser, the city has reported that crime hit a 30-year low and is down 26% this year compared to the same time period last year. 'There's no doubt in my mind it's him making a political statement in a blue city that has a Black mayor,' Sharpton explained. 'Karen Bass, a Black woman mayor in L.A. He dealt with the whole deportation thing. It's very interesting that he is very selective on what he does because he hasn't taken the same stand in New York, where his son still here, going to school and all. So you have to really wonder, is this showboating to play?' The post Al Sharpton Says Trump's Washington, D.C., Crime Crackdown Should Include Jan. 6 Rioters | Video appeared first on TheWrap.
CNBC
a day ago
- Business
- CNBC
Stocks making the biggest moves midday: e.l.f. Beauty, Tegna, C3.ai, CoreWeave & more
Check out the companies making the biggest moves midday: E.l.f. Beauty — Morgan Stanley upgraded the beauty brand to overweight from equal-weight, prompting the stock to pop more than 9%. The bank said the consensus earnings estimate for Elf is "way too low," seeing catalysts from product pricing and acquisition contribution of Rhode. Owens & Minor — The health care logistics company plunged 32% after management said on its second-quarter earnings call that stranded costs will continue to rise, and that it will focus on reducing such costs to improve profits, according to StreetAccount. Results will eventually be helped by the divestiture of its Products & Healthcare Services unit in the second half, the company said. AAON – Shares of the HVAC company dropped more than 12% after its second-quarter results missed analyst estimates on the top and bottom lines. AAON posted adjusted earnings of 22 cents per share on revenue of $311.6 million for the quarter. Analysts polled by FactSet had estimated 33 cents per share on $325 million in revenue. The company also cut its full-year sales guidance. Tegna — The broadcaster rallied 30% after The Wall Street Journal and Reuters reported, citing sources, that Nexstar was in talks to acquire Tegna. Nexstar rose more than 4%. TKO Group — The stock rose more than 7% after Paramount Skydance agreed to buy the U.S. rights to UFC for seven years in a deal worth $7.7 billion. Paramount traded slightly lower. — The AI software company plunged 22% after it issued guidance for the fiscal first quarter. expects revenue to range between $70.2 million and $70.4 million. Its non-GAAP loss is expected to come in between $57.7 million and $57.9 million. Nvidia , Advanced Micro Devices — Shares of Nvidia and Advanced Micro Devices 0.5% and 1.5%, respectively, after closing an unprecedented arrangement with the Trump administration. Both chip companies agreed to give the U.S. government 15% of their revenue from chips sold to China in exchange for export licenses, the Financial Times reported . Both stocks traded lower earlier in the day. AMC Entertainment — Shares of the movie theater chain gained 3% after second-quarter results exceeded analyst expectations. AMC broke even after excluding one-time items. Analysts had anticipated a loss of 7 cents a share. Revenue of $1.4 billion surpassed the consensus forecast of $1.34 billion. CoreWeave — The cloud infrastructure company jumped 7% after JPMorgan maintained its overweight rating and lifted its price target. The firm said that although shares require a risk tolerance given volatile trading, it remains "positive on the potential for continued momentum in CoreWeave's business pipeline." Intel — Shares of the semiconductor company jumped 6% ahead of Intel Chief Executive Lip-Bu Tan's visit to the White House on Monday, just days after U.S. President Donald Trump called for his immediate resignation over ties to Chinese businesses. Coinbase , Robinhood , MicroStrategy — Stocks tied to cryptocurrencies rose as the price of bitcoin neared its all-time high. Shares of Coinbase and MicroStrategy climbed 6.4% and 1.7%, respectively, while Robinhood jumped about 4%. Crypto prices have risen since Trump signed an executive order on Thursday that lays the groundwork to open 401(k) retirement plans to alternative assets such as cryptocurrencies and real estate. Rumble — Shares of Rumble, a video sharing platform and cloud service provider, popped 8% as the company considers making an all-stock bid worth nearly $1.2 billion for German AI cloud computing group Northern Data . The announcement, made by the companies on Sunday, led Northern Data shares to tumble. Tesla — Shares rose 5% after the electric vehicle company formally submitted its request for an electricity license to the British energy regulator Ofgem. If approved, the license will allow Tesla to supply electricity to British households and businesses and compete in the U.K. energy market. The gain put Tesla on track for its best day since late June. — CNBC's Yun Li, Sean Conlon and Scott Schnipper contributed reporting.
CNBC
a day ago
- Business
- CNBC
Stocks making the biggest moves premarket: Paramount Skydance, Nvidia, C3.ai, Intel and more
Check out the companies making headlines before the bell. Paramount Skydance , TKO Group — Shares of Paramount Skydance gained 4% after the media company acquired the U.S. rights to TKO Group's UFC for seven years, beginning in 2026, according to a statement from the companies. TKO shares added roughly 2%. — The AI software company plunged nearly 32% in the premarket after it issued guidance for the fiscal first quarter. expects revenue to range between $70.2 million and $70.4 million. Its non-GAAP loss is expected to come in between $57.7 million and $57.9 million. Nvidia , Advanced Micro Devices — Shares of Nvidia and Advanced Micro Devices each shed about 1% in premarket trading after closing an unprecedented arrangement with the Trump administration. Both chip companies agreed to give the U.S. government 15% of their revenue from chips sold to China in exchange for export licenses, the Financial Times reported . AMC Entertainment — Shares of the movie theater chain popped 8% after second-quarter results exceeded analyst expectations. AMC broke even after excluding one-time items. Analysts had anticipated a loss of 7 cents a share. Revenue of $1.4 billion surpassed the consensus forecast of $1.34 billion. CoreWeave — The cloud infrastructure company jumped nearly 4% after JPMorgan maintained its overweight rating and lifted its price target. The firm said that although shares require a risk tolerance given volatile trading, it remains "positive on the potential for continued momentum in CoreWeave's business pipeline." Intel — Shares of the semiconductor company jumped about 3% ahead of Intel Chief Executive Lip-Bu Tan's visit to the White House on Monday, just days after U.S. President Donald Trump called for his immediate resignation over ties to Chinese businesses. Coinbase , Robinhood , MicroStrategy — Stocks tied to cryptocurrencies rose as the price of bitcoin neared its all-time high. Shares of Coinbase and MicroStrategy each rose around 3%, while Robinhood shares jumped about 2%. Crypto prices have risen since Trump signed an executive order on Thursday that lays the groundwork to open 401(k) retirement plans to alternative assets such as cryptocurrencies and real estate. Nextstar , Tegna — Television broadcaster is in advanced talks to acquire media rival Tegna, the Wall Street Journal reported Friday, citing people familiar with the matter. Shares of Nexstar, the largest local television broadcaster in the U.S., dipped less than 1% on the news while Tegna shares jumped 29%. Rumble — Shares of Rumble, a video sharing platform and cloud service provider, popped 12% as the company considers making an all-stock bid worth nearly $1.2 billion for German AI cloud computing group Northern Data . The announcement, made by the companies on Sunday, led Northern Data shares to tumble. Tesla — Shares rose almost 2% after the electric vehicle company formally submitted its request for an electricity license to the British energy regulator Ofgem. If approved, the license will allow Tesla to supply electricity to British households and businesses and compete in the U.K. energy market. — CNBC's Fred Imbert and Alex Harring contributed reporting.
Yahoo
3 days ago
- Business
- Yahoo
TV broadcaster Nexstar in advanced talks to acquire rival Tegna, source says
By Milana Vinn (Reuters) -Television broadcaster Nexstar Media Group is in advanced talks to acquire rival Tegna, a person familiar with the matter told Reuters on Friday. Shares of Tegna surged 30% in extended trading following the report, while Nexstar's shares were largely flat. A deal could be finalized soon, provided talks avoid last-minute obstacles, the source said, who asked not to be named because the discussions are confidential. A potential deal between the two companies would mark a significant step in the ongoing consolidation of the U.S. television industry, as broadcasters adapt to shifting consumer habits driven by cord-cutting and the rapid expansion of streaming, amid expectations of looser regulations under U.S. President Donald Trump's administration. During Tegna's August 8 earnings call, CEO Mike Steib cited a recent decision by the Eighth U.S. Circuit Court of Appeals striking down the Federal Communications Commission's (FCC) "Top Four" rule, which prohibited ownership of two top-rated stations in the same market. Steib said the ruling, along with a more permissive FCC stance under Chairman Brendan Carr, could soon ease ownership limits, allowing companies like Tegna and its rivals more room to expand through mergers and acquisitions. "We believe deregulation is coming and will create significant opportunities. We are open to being a buyer or seller, depending on the opportunities, and are disciplined in our approach," he said. The Wall Street Journal first reported the news. Both Nexstar and Tegna declined to comment on the report. Tegna has been subject to takeover interest in the past. In 2022, it agreed to be taken private by Standard General in a deal valued at $8.6 billion, including debt, but later terminated the merger agreement following regulatory scrutiny. Nexstar owns or partners with more than 200 stations across 116 markets. It also operates prominent media properties such as The CW and NewsNation, and has recently ramped up its focus on sports content. Tegna controls 64 stations and runs networks including True Crime Network. The company has a market valuation of about $2.42 billion, compared with Nexstar's $5.56 billion, according to LSEG data.
Reuters
4 days ago
- Business
- Reuters
TV broadcaster Nexstar in advanced talks to acquire rival Tegna, source says
Aug 8 (Reuters) - Television broadcaster Nexstar Media Group (NXST.O), opens new tab is in advanced talks to acquire rival Tegna (TGNA.N), opens new tab, a person familiar with the matter told Reuters on Friday. Shares of Tegna surged 30% in extended trading following the report, while Nexstar's shares were largely flat. A potential deal between the two companies would mark a significant step in the ongoing consolidation of the U.S. television industry, as broadcasters adapt to shifting consumer habits driven by cord-cutting and the rapid expansion of streaming, amid expectations of looser regulations under U.S. President Donald Trump's administration. Nexstar, owns or partners with over 200 stations in 116 markets. It also operates high-profile media properties including The CW and NewsNation, and has recently increased its focus on sports content. Tegna owns 64 stations and operates networks such as True Crime Network. The company has a market valuation of approximately $2.42 billion, compared with Nexstar's $5.56 billion, according to LSEG data. The Wall Street Journal, which first reported the talks, said a deal could be finalized soon, provided negotiations avoid last-minute obstacles. Both Nexstar and Tegna declined to comment on the report. Tegna has been subject to takeover interest in the past. In 2022, it agreed to be taken private by Standard General in a deal valued at $8.6 billion, including debt, but later terminated the merger agreement following regulatory scrutiny.
