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US Top News and Analysis | Barry Diller's People offers to buy casino giant MGM Resorts for $48.30 per share AI generated summary, Read the full article for complete information. Barry Diller’s company, People Inc. (formerly IAC), has submitted a cash offer to acquire casino operator MGM Resorts International at $48.30 per share, valuing the deal at roughly $18 billion. People, which already owns about 26 % of MGM, says it sees MGM’s tangible assets and digital growth potential as undervalued and believes the partnership can unlock further value, praising the resort’s management team. Diller, a current MGM board member, will recuse himself from any board decisions related to the transaction. Following the announcement, MGM’s shares rose about 15 % in midday trading, while People’s stock gained roughly 2 %. Read more: https://www.cnbc.com/2026/06/01/mgm-resorts-barry-diller-people-bid.html #BarryDiller #PeopleInc #IAC #MGMResorts #CNBC #AndrewRossSorkin

US Top News and Analysis | Jeff Bezos brushes off concerns of an AI bubble: 'You shouldn't worry about it' AI generated summary, Read the full article for complete information. Jeff Bezos, founder of Amazon, dismissed worries about an artificial‑intelligence bubble during a CNBC interview on “Squawk Box,” saying that even if the hype does turn out to be a bubble, it is beneficial because the surge in investment is driving healthy, long‑term progress in the technology. He noted that the massive funding flowing into AI—by hyperscalers such as Amazon, Microsoft and Google and expected to exceed $700 billion this year—means “every experiment is getting funded,” even some that may prove unwise, but the overall momentum will push AI forward. Read more: https://www.cnbc.com/2026/05/20/bezos-ai-bubble-concerns-amazon-prometheum-blue-origin.html #JeffBezos #Amazon #CNBC #SquawkBox #AI #AndrewRossSorkin