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... Hong Kong Authorities Summon Foreign Media to Criticize Fire Coverage

Hong Kong’s national-security office summoned representatives of news organizations including The Wall Street Journal to find fault with coverage of the deadly fire at Wang Fuk Court and warn against reporting that would undermine Hong Kong or its authorities.
https://www.wsj.com/world/china/hong-kong-national-security-authorities-summon-foreign-media-over-fire-coverage-e8d4052b

... Trump’s National-Security Strategy Softens Language on China

The White House document maintains some tough talk on Taiwan but drops references to Beijing as America’s main challenger.
https://www.wsj.com/world/china/trumps-national-security-strategy-softens-language-on-china-f121ddb3

... Paramount Makes $77.9 Billion Hostile Bid for Warner After Netflix Struck Deal

Paramount launched a hostile takeover offer for Warner Bros. Discovery, taking its case for acquiring the company directly to shareholders just days after Warner agreed to a deal with Netflix.
https://www.wsj.com/business/media/paramount-skydance-warner-bros-hostile-takeover-bid-f03c6f3f?mod=pls_whats_news_us_business_f

... What Netflix Gains From Buying Warner Bros.

The combination puts the studios behind “Casablanca” and “The White Lotus” together with a streaming giant that is jumping into live events and gaming.
https://www.wsj.com/business/media/netflix-warner-bros-deal-charts-490d4797?mod=pls_whats_news_us_business_f

... Berkshire’s Geico Boss Todd Combs Leaves for JPMorgan Ahead of Buffett Retirement

A top lieutenant is departing for a role at JPMorgan Chase as Greg Abel takes over as CEO, and CFO Marc Hamburg will step down from his role in June.
https://www.wsj.com/business/c-suite/berkshire-hathaway-shuffles-top-ranks-in-runup-to-warren-buffetts-retirement-6ab1eaeb?mod=pls_whats_news_us_business_f

... Nvidia Takes Top Spot in the List of Best-Managed Companies of 2025

Tech companies continue to dominate in the Drucker Institute’s annual ranking, although Intel and Adobe saw major drops
https://www.wsj.com/business/c-suite/nvidia-wins-best-managed-companies-ranking-2025-2297969d?mod=pls_whats_news_us_business_f

... IBM Strikes $11 Billion Deal for Confluent

Confluent shares surged more than 25% in premarket trading Monday, while IBM’s stock fell slightly.
https://www.wsj.com/business/deals/ibm-nears-roughly-11-billion-deal-for-confluent-276f52d8?mod=pls_whats_news_us_business_f

... Tech, Media & Telecom Roundup: Market Talk

Find insight on SK Hynix, China’s humanoid and quadruped robot industry and more in the latest Market Talks covering technology, media and telecom.
https://www.wsj.com/business/tech-media-telecom-roundup-market-talk-49aac3a2?mod=pls_whats_news_us_business_f

... L’Oréal Doubles Stake in Swiss Skincare Company Galderma

Financial terms weren’t disclosed, but the package of about 24 million Galderma shares would be valued at $4.85 billion based on Friday’s closing price.
https://www.wsj.com/business/deals/loreal-doubles-stake-in-swiss-skincare-company-galderma-616728ca?mod=pls_whats_news_us_business_f

... BNP Paribas Increases Stake in Belgian Insurer Ageas as Part of $3.5 Billion Deal

The move is part of a two-pronged deal which will see BNP Paribas sell its 25% stake in AG Insurance to Ageas.
https://www.wsj.com/finance/investing/bnp-paribas-increases-stake-in-belgian-insurer-ageas-as-part-of-3-5-billion-deal-c18ed9d3?mod=pls_whats_news_us_business_f

... Kloeckner & Co Shares Rise on Takeover Talks With Worthington Steel

The German metals company said Worthington Steel is conducting a due diligence review, though it remains unclear if an offer will be made.
https://www.wsj.com/business/kloeckner-co-confirms-takeover-talks-with-worthington-steel-36ffe57b?mod=pls_whats_news_us_business_f

... Brookfield, GIC Agree $4.5 Billion Deal for Australia’s National Storage

The consortium entered into a takeover agreement for the largest self-storage provider in Australia and New Zealand after almost two weeks of exclusive due diligence.
https://www.wsj.com/business/deals/brookfield-gic-agree-4-5-billion-deal-for-australias-national-storage-3e9a8a40?mod=pls_whats_news_us_business_f

... Why Netflix Shareholders Aren’t Thrilled to Acquire Warner Bros.

Taking over Hollywood’s biggest studio would transform the streaming giant’s business model, at a steep price.
https://www.wsj.com/business/media/netflix-warner-bros-deal-investors-0cb6909f?mod=pls_whats_news_us_business_f

... Magnum Ice Cream Hits $9 Billion Market Capitalization on Trading Debut

Shares opened slightly higher than their initial pricing on Amsterdam’s Euronext, before retreating.
https://www.wsj.com/business/retail/shares-in-magnum-ice-cream-rise-on-euronext-debut-b8103de1?mod=pls_whats_news_us_business_f

... Beauty Has Never Been More Cutthroat. Here’s How Sephora Plans to Stay on Top.

Executives at the LVMH-owned retailer offer a rare look inside the company’s strategy.
https://www.wsj.com/business/retail/sephora-stores-lvmh-strategy-fenty-rhode-da0fb758?mod=pls_whats_news_us_business_f

... The Surprising Strategies Small Businesses Are Employing to Juice Holiday Shopping

Local retailers say early results have been surprisingly good with more lower-priced gifts, fewer holiday items and an emphasis on joy.
https://www.wsj.com/business/retail/the-surprising-strategies-small-businesses-are-employing-to-juice-holiday-shopping-0fd4e30e?mod=pls_whats_news_us_business_f

... One Man’s Mission to Get Back $4 Million of Stolen Skincare Products

The 25-year-old entrepreneur found himself in a maddening monthslong hunt for the perpetrators.
https://www.wsj.com/business/logistics/one-mans-mission-to-get-back-4-million-of-stolen-skincare-products-d0f8c98f?mod=pls_whats_news_us_business_f

... Arc’teryx Won Over China With a $1,000 Jacket. Now It’s Popping Up Everywhere.

The upscale outdoor brand is using its experience to power global expansion—and keep finance bros everywhere warm
https://www.wsj.com/business/retail/arcteryx-jackets-gear-china-a76655ac?mod=pls_whats_news_us_business_f

... German Shipbuilder TKMS Reports Rise in Sales, Earnings Fueled by Europe’s Defense Spending

Sales grew 9% as Europe ramps up procurement of submarines and warships.
https://www.wsj.com/business/earnings/german-shipbuilder-tkms-reports-rise-in-sales-earnings-fueled-by-europes-defense-spending-1abf72a1?mod=pls_whats_news_us_business_f

... Chinese Auto Sales Extend Declines, But Exports Remain Strong

China’s auto sales fell for a second straight month in November, as demand continued to weaken.
https://www.wsj.com/business/autos/chinese-auto-sales-extend-declines-but-exports-remain-strong-dfba701d?mod=pls_whats_news_us_business_f