Shareholders

Warner Bros Discovery cleared a major hurdle in its proposed $110 billion merger with Paramount Skydance after shareholders approved the transaction, even as they signaled sharp unease over the executive pay arrangements tied to the deal. Those compensation plans drew a clear rebuke in an advisory vote. Under the proposed packages, CEO David Zaslav stands to collect as much as $887 million if the sale goes through. Proxy adviser ISS had described Zaslav's possible payout as "extremely large". "Management now faces a twofold…

Elon Musk was found by a federal jury in California to have misled Twitter shareholders, a verdict that jurors say caused the social media company's stock to tumble while he was attempting a $44 billion takeover. The decision in the class-action securities suit could expose the billionaire to a multi-billion-dollar judgment: jurors’ damage calculations were reported to be roughly $2.6 billion. Shortly after the verdict, lawyers for Mr. Musk told AFP their client plans to appeal, calling the outcome a "setback." Following a…