Stock Market Today: The Dow Jones dropped Thursday after jobless claims. Nvidia stock surged above $1,000 on strong earnings results.
Reliance Industries and Walt Disney have sought antitrust clearance for their $8.5 billion India media merger by arguing their combined power, especially on cricket broadcasting, will not hit advertisers, two people with direct knowledge told Reuters. The deal, announced in February, has been expected by experts to face intense scrutiny as it will create India's biggest entertainment player with 120 TV channels and two streaming services. Reliance and Disney have told the Competition Commission of India (CCI) the cricket rights were obtained separately under a bidding process which was competitive, said the two sources, who declined to be named as the approval process is confidential.
It comes as India undergoes a brutal spell of heatwaves that are said to have cost many lives