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business / news / / Finbold

BlackRock is ramping up its cryptocurrency exposure through its spot exchange-traded funds (ETFs) Last week, the investment company purchased roughly $780 million worth of Bitcoin (BTC) and Ethereum (ETH) The iShares Bitcoin Trust (IBIT) led the surge with the

BlackRock purchased approximately $780 million in Bitcoin and Ethereum between April 6 and April 10.

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The European Commission is investigating the $111 billion Paramount-WBD deal.

  • The EU is probing $24 billion in Middle Eastern funding of the Paramount-WBD merger under new subsidy rules.
  • Paramount disclosed Gulf States will own about 38.5% equity in the merged company but lack voting rights.
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U.S. entertainment giant sought EU approval under its Foreign SubsidiesRegulation.

  • Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery is under EU subsidy scrutiny.
  • The deal is backed by Saudi PIF, Abu Dhabi's L'imad Holding, and Qatar Investment Authority.
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Consumer-price growth remains at three-year highs.

  • The energy index surged 3.9% MoM in May, driving a 23% YoY increase mainly from oil.
  • Core CPI rose only 0.2% MoM, less than the 0.3% estimate, indicating limited underlying inflation.
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