Press digest: New York Times business news — October 1
DJT•A roundup of four New York Times business stories covered Federal Reserve headquarters renovations, South Korea’s energy investment pledge, leadership at the combined Paramount-Warner Bros. company, and Trump Media’s planned merger with TAE Technologies.
1. Business stories
The stories included the Federal Reserve watchdog’s finding of no evidence of illegal behavior or administrative misconduct in its nearly $2.5 billion headquarters renovation, while citing poor management and insufficient budget constraints. South Korea pledged up to $200 billion in U.S. energy investments, including support for the Alaska LNG project, as questions remain over the project’s viability and Seoul’s ability to meet its broader $350 billion pledge.
2. Company developments
Mattel CEO Ynon Kreiz will become co-CEO alongside David Ellison at the combined Paramount-Warner Bros. company as its $111 billion merger nears completion. Trump Media disclosed that President Trump would retain just over 20% of the company after its planned merger with TAE Technologies, which is moving toward regulatory approval.
