
AI-generated summary
The anticipated combination of Paramount and Warner Bros. Discovery is being led by David Ellison of Paramount Skydance, who announced the leadership structure for the merged entity.
Paramount Skydance CEO David Ellison announced on Wednesday the appointment of outgoing Mattel Chief Executive Officer Ynon Kreiz as his co-CEO of the anticipated combination of Paramount and Warner Bros. Discovery .
Kreiz will take on operational duties of the media company, according to a press release.
"Ellison will focus on the company's long-term strategy, creative vision and direction, including its talent relationships, strategic partnerships, technology and capital allocation," Paramount stated in the release. "Kreiz will focus on the company's day-to-day management and integration of the combined businesses."
This story is developing. Please check back for updates.
AI outlook — possibilities, not facts
The Paramount and Warner Bros. Discovery combination will proceed with Ynon Kreiz handling operational integration
Likely · Within months
David Ellison will focus on long-term strategy and creative vision for the combined company
Likely · Within months
The Federal Court of Justice is negotiating the legality of a price increase for Amazon Prime in Germany. The North Rhine-Westphalia consumer advice center successfully sued because Amazon had not obtained the customers' consent. The Düsseldorf Regional Court and Higher Regional Court declared the clause ineffective. Amazon is now going to Karlsruhe for revision.
A new fuel discount has been in effect since midnight with a reduction in energy taxes of 16.7 cents per liter of gasoline or diesel until December 31st. Experts expect it to be passed on quickly to consumers, but warn of deadweight effects. September was the most expensive month for fuel so far.

Gold prices rose on Wednesday (September 30) but then gave up the gains. They fell 6.6% in September and still closed in the red in the third quarter. Lower-than-expected U.S. inflation data lowered expectations for a rate hike by the Federal Reserve, but high energy prices and rising U.S. bond yields put pressure on gold prices. Spot gold fell 0.7% to US$4,152.86 an ounce; U.S. gold futures rose 0.2% to US$4,186.70 an ounce. Silver, platinum and palladium all fell, but gold, silver and platinum are still expected to rise this quarter.

Mattel CEO Ynon Kreiz will become co-head of Paramount alongside David Ellison, close to completing its acquisition of Warner Bros. Discovery. He will handle day-to-day operations and studio integration, while Ellison will focus on strategy and technology. The deal calls for $6 billion in annual savings and raises questions about CNN's future.
The Timber, Furnishing and Textiles Union is calling for government support to strengthen local manufacturing amid job uncertainty at the Millicent tissue mill in South Australia, which employs around 400 workers and was recently taken over by Arbex, a joint venture between Suzano and Kimberly-Clark.

U.S. President Donald Trump announced South Korea's commitment to invest up to $200 billion in U.S. energy infrastructure under a bilateral trade agreement, including a 6-gigawatt gas-fired power plant in Texas, eight large-scale nuclear power plants, and an Alaska LNG pipeline project, framing it as a step toward American energy dominance ahead of the November midterm elections.