Paramount Must Ditch Bias, Says FCC In Merger Approval

Paramount Global (PARA) gains as FCC approves Skydance merger. The company must ditch bias, says FCC Chairman Brendan Carr. Intel (INTC) plans to end the year with a global headcount of ~75,000, a reduction of 24,000 people this year. Demand for repairs of Nvidia (NVDA) AI chips banned by the US from exporting to China soars.

Paramount Global (PARA) saw a 2.5% increase in premarket action following the Federal Communications Commission's (FCC) approval of its acquisition by Skydance. The FCC, in a statement, emphasized the need for a change in news practices and approved the merger after Skydance committed to "fair, unbiased, and fact-based" reporting and the establishment of an ombudsman to evaluate bias complaints for at least two years [1].

Intel (INTC), on the other hand, is planning to end the year with a global headcount of approximately 75,000, a reduction of 24,000 people this year. The company's new CEO, Lip-Bu Tan, is focusing on streamlining the workforce and redirecting resources to revive the company. Intel expects a third-quarter loss of 24 cents per share, steeper than Wall Street estimates, and anticipates higher sales than expected [2].

In China, demand for repairs of Nvidia (NVDA) AI chips banned by the U.S. from exporting to China has surged. Reuters reports that at least a dozen boutique companies in Shenzhen specialize in repairing Nvidia's H100 GPUs, among other high-end chips. One company repairs up to 500 Nvidia AI chips per month [1].

References:
[1] https://seekingalpha.com/article/4804413-wall-street-breakfast-podcast-new-paramount-must-ditch-bias-says-fcc-in-merger-ok
[2] https://www.reuters.com/business/intel-slash-workforce-by-year-end-it-forecasts-steeper-losses-than-expected-2025-07-24/