Business News from Thursday, October 1st, 2026

A US judge has entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros., ending a months-long holdup, as the company named Mattel's Ynon Kreiz as co-CEO to help run the combined business.

Alphabet's Google has announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models on Wednesday in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.