The biggest risk to the Paramount-WBD deal now is regulatory. David Ellison and his father, Larry, the billionaire Oracle cofounder helping backstop the $110 billion deal, certainly aren't backing out. And neither are WBD shareholders, since they'd lose a lot of value if they didn't take this deal with Netflix out of the picture.
The federal agency tasked with regulating drugs in the United States has said it will review a flu vaccine application from the pharmaceutical giant Moderna, one week after it declined to do so in an unusual move. Moderna announced on Wednesday that the Food and Drug Administration (FDA) had accepted a revised application seeking full approval for a new flu shot to be offered to patients between the ages of 50 and 64 and expedited approval for those over 65.
I'm not going to tie any of that to regulatory approval. I can tell you that we had been looking at late night, it was financially not viable.
Independent railroad analyst Tony Hatch stated that the progress in negotiations indicates that the companies have identified benefits such as efficiency, which would be transferred to customers. This is vital for regulatory approval under the Surface Transportation Board's enhanced competition clause.
The effort to restructure Thames Water's balance sheet is complex and time-consuming, primarily dependent on lenders agreeing to write off losses and regulatory approvals.
