Business news today spans courtroom risk, market nerves, and deep corporate restructuring. In Hollywood, a 12-state coalition led by California is suing to block Paramount Skydance’s roughly $110 billion bid for Warner Bros. Discovery, setting up a major antitrust fight even after federal approval and underscoring how states are taking a more aggressive role in policing consolidation. Investors, meanwhile, gave SK Hynix a sharp reality check: after a splashy Nasdaq debut, its shares tumbled in Seoul as traders locked in gains and weighed whether AI-memory demand can fully justify near-term expectations. In Europe, Volkswagen signaled the pressure facing legacy manufacturers, with CEO Oliver Blume warning that as many as 50,000 additional jobs could go to close a persistent cost gap. And in U.S. litigation, Kenvue faces renewed legal exposure after an appeals court revived hundreds of lawsuits over claims that prenatal Tylenol use is linked to autism and ADHD.