Lauren Hirsch

Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.

The president made the attack as Netflix and Paramount Skydance face a key deadline in a bidding war for Warner Bros. Discovery.

Paramount’s takeover bid was rejected in favor of Netflix, which wanted only the streaming and studio businesses. Paramount said it would pay more if negotiations were reopened.

Warner Bros. Discovery had agreed to sell itself to Netflix, but its contract allows it to pursue offers that may lead to a superior deal.

Kathryn Ruemmler, a former top Obama administration lawyer, is out at Goldman Sachs after emails showed a friendship with the sex offender Jeffrey Epstein spanning many years.

The letter from chief executives at some of the state’s most recognizable companies like Target and Cargill stops short of condemning the recent killings by federal immigration agents.

The announcement was the latest in a series of increasingly aggressive actions by Paramount to buy Warner Bros.

The board said the blockbuster deal it reached with Netflix last month posed less risk.

Mr. Ellison’s personal guarantee is meant to address concerns that the Warner Bros. Discovery’s board had expressed about Paramount’s original offer.

Affinity Partners, Mr. Kushner’s private equity firm, played a small financial role in Paramount’s $108 billion offer, but it had attracted political attention to the deal.

Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.

Mr. Kushner’s private equity fund is one of the many groups helping Paramount mount a hostile bid to buy the group, whose holdings include CNN.