Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
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Morning Alexa Flash Briefings of October 28th
Alexa Flash Briefings

Cheddar Morning News Briefings of October 28th
Cheddar Morning News Briefings

Cheddar Morning Spotify News Briefings of October 28th
Cheddar Morning Spotify News Briefings

Rent The Runway Prepares to go Public
Rent the Runway is making its trading debut on the NASDAQ. The fashion company has struggled since the onset of the pandemic, not having turned a profit since 2019. Crunchbase reporter Sophia Kunthara explains how Rent the Runway has had to make necessary changes to its business model in order to keep itself afloat.

What You Need to Know About Democrats' Billionaire Tax Plan
As negotiations drag on in Washington, DC over President Biden's social spending bills, Senate Democrats have introduced a new idea to fund Biden's plans: taxing the unrealized capital gains held by billionaires. Barron's reporter Sabrina Escobar joins Cheddar News' Closing Bell, where she explains what's in the billionaire tax proposal, who it will impact, and why it's on the table.

GM Beat on Earnings, But Still Feeling Chip Shortage
GM exceeded earnings expectations, yet still felt the chip shortage squeeze. Baron's Senior Writer Al Root discussed GM's segue into the electric car car world despite its struggles.

Stocks Close at Session Lows Before Ford Drives to Earnings Beat
Jay Jacobs, SVP and Head of Research & Strategy, at Global X ETFs, joins Cheddar News' Closing Bell, where he explains why the Dow and S&P fell from their recent records during Wednesday's session. Jacobs also broke down the numbers in Ford's Q3 earnings as the results rolled in.

New Report Finds Corporate Directors Becoming More Diverse
Two recent studies by Conference Board, ESGauge, and Spencer Stuart find that the number of Black directors at S&P 500 companies is growing, but more needs to be done in order to see real gains in the boardroom. Jerusha Stewart, CEO of Take Your Seat joins Cheddar News to discuss what more needs to be done for a more inclusive workplace.

Flock Freight Raises $215 Million
The freight industry has its newest unicorn. Flock Freight recently reached the $1 billion mark after recently raising $215 million dollars. It comes during a watershed moment for the global shipping and freight industry, with the pandemic and other issues leading to the ongoing supply chain crisis. Flock Freight and its shared truckload service may be a solution. Flock Freight CEO Oren Zaslansky joined Cheddar News' Closing Bell to discuss.



