Power
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(Roberto Schmidt/Getty Images)

Nexstar, the US’s largest local TV broadcaster, is looking to get bigger with a $6.2 billion megamerger

TV broadcaster Nexstar plans to merge with smaller rival Tegna, testing the Trump administration’s consolidation appetite.

Max Knoblauch
8/19/25 9:14AM

The country’s biggest TV broadcaster, Nexstar, isn’t satisfied with 200 stations. On Tuesday, the company announced a multibillion-dollar deal to acquire a smaller rival.

Nexstar, the owner of NewsNation and CW, on Tuesday revealed a merger agreement with Tegna, a smaller but still large rival. According to Nexstar, the deal values Tegna at $6.2 billion. Tegna operates 64 stations across the US.

Nexstar and Tegna expect the deal to close in the second half of next year. Shares of both companies climbed in Tuesday morning trading.

The FCC, which under Trump-appointed Chair Brendan Carr has expressed a strong desire to loosen regulations on the industry, will have to approve the merger. Last month, a longstanding FCC rule prohibiting any broadcaster from owning more than one of the top four TV stations in a given market was struck down in federal court.

Sinclair Inc., the third-largest local broadcaster, reportedly attempted a last-minute merger with Tegna but appears to have come up short. Its shares ticked down on Tuesday morning.

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Rani Molla
9/2/25
Google soars on court ruling that doesn’t force the search giant to sell Chrome

Google has $26 billion in deals with companies like Samsung and Apple.

Google sign
Max Knoblauch
8/21/25
Hertz falls, erasing its Amazon bump, as Congress looks into its AI damage scanners

Hertz shares are trading down more than 5% on Thursday.

Hertz In San Diego
power
Max Knoblauch
8/20/25

Airbus faces a 10-day strike from UK workers, mirroring Boeing’s labor strife

Thousands of UK union Airbus workers plan to strike for 10 days in September amid a contract dispute.

The union workers build wings for Airbus’ commercial jets, threatening a production slowdown for the European plane maker.

As Airbus’ labor tension builds, rival Boeing’s has already boiled over: earlier this month, more than 3,000 Boeing workers who build military aircraft started a strike that remains ongoing. The action came less than a year after the company faced a two-month stoppage from a machinist strike.

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

Airbus UK workers to strike for 10 days over pay

Airbus UK workers to strike for 10 days over pay

As Airbus’ labor tension builds, rival Boeing’s has already boiled over: earlier this month, more than 3,000 Boeing workers who build military aircraft started a strike that remains ongoing. The action came less than a year after the company faced a two-month stoppage from a machinist strike.

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

power
Rani Molla
8/20/25

Elon Musk’s political party isn’t happening, as Tesla CEO gives up on the “America Party”

In July, Tesla CEO Elon Musk announced his own political party, the America Party — a move intended to “give you back your freedom.” What it did at the time was invoke the wrath of President Donald Trump and send the stock down.

A month and a half later, The Wall Street Journal is reporting that Musk is “pumping the brakes” on his third party.

According to the Journal, “Musk has told allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters.” He also wants to maintain ties with Vice President JD Vance, the presumptive Republican presidential candidate for 2028.

What happened?

For one, earlier this month Tesla’s board approved a roughly $30 billion interim pay package that Musk will only realize if he remains at the company for two years.

The stock isn’t moving on the news so far, but investors and analysts typically see Musk’s focus on his public company as a good thing.

Exclusive | Elon Musk Pledged to Start a Political Party. He Is Already Pumping the Brakes.

Exclusive | Elon Musk Pledged to Start a Political Party. He Is Already Pumping the Brakes.

According to the Journal, “Musk has told allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters.” He also wants to maintain ties with Vice President JD Vance, the presumptive Republican presidential candidate for 2028.

What happened?

For one, earlier this month Tesla’s board approved a roughly $30 billion interim pay package that Musk will only realize if he remains at the company for two years.

The stock isn’t moving on the news so far, but investors and analysts typically see Musk’s focus on his public company as a good thing.

power
Rani Molla
8/11/25

Tesla applies to launch electricity supplier “Tesla Electric” in Great Britain

Tesla has applied for an electricity license from British energy regulator Ofgem in hopes of launching an electricity supply arm, “Tesla Electric,” in Great Britain, where Tesla vehicle sales keep falling. The program is meant to supply electricity to owners of Tesla cars and batteries, and it could take up to nine months for approval, according to The Guardian.

Tesla Energy, the project’s American counterpart, which includes the company’s solar energy generation system as well as its Powerwall battery system, saw energy generation and storage revenue decline 7% last quarter.

The stock is up 1.5% in premarket trading Monday.

Elon Musk’s Tesla applies to supply electricity to households in Great Britain

Elon Musk’s Tesla applies to supply electricity to households in Great Britain

Tesla Energy, the project’s American counterpart, which includes the company’s solar energy generation system as well as its Powerwall battery system, saw energy generation and storage revenue decline 7% last quarter.

The stock is up 1.5% in premarket trading Monday.

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