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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How Tesla and Twitter Shareholders Might Be Viewing Elon Musk's Big Purchase
Despite Elon Musk making the deal to buy Twitter, it's still unclear as to what all of his plans might be for it. Tesla’s stock dropped on Tuesday, potentially due to concerns over what the situation might mean for the EV maker going forward. Hatem Dhiab, a managing partner at Gerber Kawasaki Wealth & Investment Management, and Bruce Goldfarb, the president and CEO of Okapi Partners, joined Cheddar News to talk about the ramifications of the acquisition for both Tesla and Twitter stockholders. "I think people are scared because the deal has some leverage that's tied to Tesla stock, and people are worried that maybe Elon will sell some of his stock," Dhiab said about the purchase. "But I don't think that that's likely."
PacSun and Thredup CEOs on Sustainable Apparel Partnership 'Pre-Loved Pac'
Clothing brand PacSun and online thrift retailer thredUP are partnering up for "Pre-Loved Pac," a 360-resale program allowing PacSun customers to clean out their closets for credit and shop for gently used clothing directly through PacSun's website. Pacsun co-CEO Alfred Chang and thredUP CEO James Reinhart joined Cheddar News to talk about their collaboration. "The latest research shows that over 50 percent of this generation has engaged in either selling or purchasing something at resale," Chang said. "It's important to them and it's important obviously to the world in terms of what we can do in terms of recycling clothes."
Curaleaf CEO Weighs in on New Jersey Cannabis Market
New Jersey has legalized recreational marijuana. The state missed cannabis holiday 4/20 by just a day. Cannabis giant Curaleaf operates three dispensaries in New Jersey. The company's CEO Joe Bayern joins Cheddar to recap the big day.
Morning Consult Shows Consumer Spending Pullback in March Amid Higher Prices
According to the Morning Consult, consumer spending in March was significantly impacted by inflation even as habits changed from purchasing goods to services as pandemic restrictions ebbed. Kayla Bruun, an economic analyst for the Morning Consult, joined Cheddar News to talk about the findings."Consumers are getting more and more concerned about paying for gas, paying for groceries — all these prices that are rising so quickly for things that they really don't have the choice but to buy," she said. "They're starting to cut back on the things that are a little bit more discretionary, realizing with prices as high as they are, it's maybe not the best time to be booking a vacation or upgrading their kitchen."
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