Slate Auto, an electric vehicle startup backed by Jeff Bezos, has raised $650 million to support its plan to launch an affordable electric truck. The funding round was led by TWG Global and will help the company develop the Slate truck and expand manufacturing at its plant in Warsaw, Indiana. The startup was founded in…

Neil Zuck, the founder of cybersecurity company Palo Alto Networks, has announced plans to become the largest shareholder of Liberty Bank in California. His goal is to turn the bank into a platform for developing artificial intelligence tools for the financial services industry. Liberty Bank, based in Irvine, has around $440 million in assets and…

Paramount Skydance has reportedly secured nearly $24 billion from three Gulf wealth funds to help finance its planned acquisition of Warner Bros. Discovery. Saudi Arabia’s Public Investment Fund is expected to provide about $10 billion, while the Qatar Investment Authority and Abu Dhabi’s L’imad Holding Co. have also made equity commitments. The extra funding would…

Investors who want to buy SpaceX before its IPO have a few possible paths, but each one comes with trade-offs. The most direct option is the private secondary market, where existing shareholders such as employees or early investors sell vested shares to new buyers. SpaceX does not issue new stock in these transactions, so buyers…

A jury in Los Angeles said Meta and Google must pay damages to a young woman who said Instagram and YouTube hurt her mental health when she was young. The jury awarded a total of $6 million. In New Mexico, another jury ordered Meta to pay $375 million. That jury said the company misled users…