Daily Recap: Business — 22 July 2026

Markets and regulators shared the spotlight today, with the EU conditionally approving Paramount Skydance’s $111 billion bid for Warner Bros. Discovery, provided Paramount unwinds its European film distribution tie-up with Universal within roughly 13 months of closing. The decision clears a major hurdle in Europe, but the deal still faces serious legal challenges in the U.S., where state attorneys general and a federal court continue to complicate the path forward. Trade tensions also sharpened as Canada scrapped a planned joint opening ceremony for the Gordie Howe International Bridge after President Trump announced 50% tariffs on most Canadian goods, underscoring how quickly cross-border symbolism can sour. Meanwhile, U.S. prosecutors moved to seize more than $25 million in cryptocurrency allegedly tied to romance and investment scams, part of a broader push to claw back fraud proceeds flowing through international laundering networks.

Top Business stories

• Prince George turns 13 as William and Kate release new Kensington Palace portrait (13 sources)
• EU clears Paramount-Warner Bros. Discovery merger with conditions, U.S. legal challenges remain (11 sources)
• Canada cancels Gordie Howe bridge ceremony with U.S. after Trump announces 50% tariffs (9 sources)
• Man pleads not guilty to charges over alleged theft of camera from Bondi terror victim (5 sources)
• Lloyd’s rules former CEO John Neal breached disclosure rules over ‘close’ relationship (5 sources)
• U.S. seeks forfeiture of over $25M in crypto linked to romance and investment scams (5 sources)
• NovaGold to buy Paulson’s 40% stake in Alaska’s Donlin Gold in all-stock deal (4 sources)
• Peninsula Energy outlines 2027 Lance uranium growth plan backed by strong grades and funding (4 sources)

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