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$50B energy merger approaches final stages

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Diamondback Energy and Endeavor Energy are reportedly in advanced talks to merge, creating a powerhouse company valued at around $50 billion.

The potential deal signals a significant move in the energy sector, as it could lead to the formation of one of the largest entities in the industry.

If the merger comes to fruition, the combined company would benefit from the complementary strengths of Diamondback, known for its expertise in oil and gas exploration, and Endeavor Energy, a major player in the energy infrastructure sector.

This strategic alignment could result in operational synergies, increased efficiency, and a more robust market position.

Final stages

While discussions are said to be in the final stages, both companies have yet to release an official statement.

The market and industry analysts are closely monitoring the situation, anticipating the potential impact on stock prices and the broader energy market.

Shareholders and stakeholders are eagerly awaiting confirmation and details regarding the structure and terms of the proposed merger.

Company benefits

Diamondback’s use of cash and stock will allow Endeavor founder Autry Stephens and family to retain a major role in the largest oil company in Midland, Texas, where both companies are based, said Andrew Dittmar, a senior vice president at data analytics firm Enverus.
“Their (drilling) inventory is extremely high quality that will make the combined companies a very attractive investment on Wall Street. I imagine it will be well received by the market on Monday,” he said.
The sale would come almost 45 years after Texas oilman Stephens started the company that would become Endeavor.

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Money

Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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Blockchain sparks a transformative influence in Australia

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Professor unveils blockchain’s role in transforming the economy and innovative projects taking place at RMIT University.

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, BTC Markets CEO Caroline Bowler interviews Professor Chris Berg, Director of RMIT Digital3 and Co-Founder of the Blockchain Innovation Hub at RMIT University. They discuss RMIT’s cutting-edge projects and the transformative impact of blockchain technology in Australia.

Professor Berg shares insights into RMIT’s Digital3 philosophy, which combines research, innovation, and collaboration to drive the digital economy. Learn about groundbreaking initiatives in blockchain, cyber security, and AI, and how these disruptive technologies are reshaping business, government, and society.

Discover how RMIT is leading the charge in rethinking and regenerating the way we work through world-class research and tailored education, offering a glimpse into the future of technology and its potential to benefit both the economy and society. #crypto corner

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