All articles tagged with #oracle
John Cusack voiced solidarity with Mark Ruffalo after Paramount condemned his remarks as antisemitic tropes in criticizing Oracle’s ties to the Israeli military and the Ellison-led $111 billion Warner Bros. Discovery merger; Ruffalo argued his comments target corporate power and editorial independence, not Jewish people, while Paramount and lawmakers scrutinize the deal.
Mark Ruffalo accused Paramount Skydance of financing its $111 billion merger with Warner Bros. Discovery through Larry Ellison’s Oracle and warned that the resulting tech integration could threaten consumers and jobs. Paramount denounced his remarks as antisemitic tropes, while Ruffalo said his critique targets corporate actions, not Jewish people. The merger remains paused amid an antitrust lawsuit, with potential penalties of about $7 million per day if it fails to close by Sept. 30. If completed, the deal would fold HBO and CNN under Paramount, amplifying media consolidation. The Simon Wiesenthal Center supported Paramount’s stance against prejudice, and Oracle did not comment.
Actor Mark Ruffalo defends his critique of Paramount‑Skydance, insisting his posts about the merger and Oracle’s ties aren’t anti‑Jewish and that criticizing actions by executives and companies is not the same as targeting Jewish people; Paramount says using genocide or apartheid language in a business dispute crosses a line. The merger remains paused amid an antitrust suit by state attorneys general; Ruffalo argues the deal could concentrate control over CNN, HBO, and Warner Bros., threatening jobs and editorial freedom, and points to Oracle’s role via Safra Catz and Larry Ellison as part of his concerns.
Mark Ruffalo rejected Paramount’s claim that his anti-merger comments—linking Oracle to Israel’s military ties and criticizing the Paramount–Warner Bros. deal—were antisemitic, insisting his views target policies and corporate actions, not Jewish people. Paramount called the remarks antisemitic; Ruffalo countered that the merger’s implications—including control of CNN and HBO and potential editorial influence—deserve scrutiny, especially given Oracle’s tech and government contracts and ongoing national-security considerations for a roughly $111 billion deal.
Actor Mark Ruffalo faced backlash after posting antisemitic tropes and accusing Israel of genocide, while tying Oracle’s tech with Israel to Paramount’s planned merger with Warner Bros. Discovery; Paramount condemned the remarks, and Ruffalo’s opposition to the merger continues amid his ongoing anti-Israel stance.
Actor Mark Ruffalo publicly attacked Larry Ellison’s links to Oracle amid the Paramount-Warner Bros merger, sharing Safra Catz’s remarks about “really profoundly scary” tech and warning the deal could concentrate media power and cost jobs. Paramount pushed back, saying antisemitic tropes have no place in a business dispute, while LA Mayor Karen Bass urged parties to negotiate; the piece also notes antitrust concerns and shifting bids in the entertainment industry.
Mark Ruffalo linked Oracle to the Israeli military in critiquing Paramount’s Warner Bros. merger, calling the war a genocide; Paramount branded the remarks antisemitic and urged a cooler, more fact-based debate while saying the deal should be judged on legal merits, not rhetoric.
Actor Mark Ruffalo publicly condemned the Paramount-Warner Bros. merger, linking the deal to Oracle’s “profoundly scary technologies” and Safra Catz to Israel’s Gaza actions in an Instagram post; Paramount pushed back, calling the remarks antisemitic and inappropriate, urging focus on the legal merits of the deal. TheWrap notes the merger could cost thousands of Los Angeles film and TV jobs, a figure Ruffalo highlighted to argue against the deal.
Oracle has dropped its lawsuit against Wisconsin utility regulators regarding rules designed to protect ratepayers from the costs of meeting data centers' energy needs.
Oracle plans a new round of layoffs in August 2026 to fund its AI data-center buildout, supported by roughly $40 billion more in debt and equity financing after a year that saw its headcount fall 21,000 (about 13%) and the company booking restructuring charges up to $2.1 billion as it ramps its AI-driven infrastructure and capex. The move comes as Oracle reports strong revenue growth and a surge in cloud infrastructure spending, but its stock has fallen about 26% this year amid broader investor concerns about heavy capital expenditure in AI.
Oracle plans another round of layoffs to trim payroll as it borrows billions to fund AI infrastructure, with internal documents suggesting double-digit cuts in some teams and a Sept. 1 deadline for reductions. This follows a 2026 fiscal year in which headcount fell about 21,000 (13%) to roughly 141,000. The company spent $55.7 billion on infrastructure and raised about $43 billion in debt, with roughly $40 billion more expected, while revenue rose 17% and cloud infrastructure grew 77%; the stock has fallen about 26% this year, and Ellison has downplayed AI fears.
Hydrogen/fuel-cell stocks Bloom Energy, FuelCell Energy, and Plug Power fell Friday in a sector-wide selloff after strong AI-fueled rallies. Bloom Energy dropped about 13%, FuelCell Energy around 9%, and Plug Power roughly 4%, though all remain well above their start-of-year levels. The HYDR hydrogen ETF also slid, signaling broad sector pressure rather than company-specific issues. Bloom Energy’s Oracle partnership underpins the AI data-center bull case, while FCEL posted mixed quarterly results with an impairment, and Plug Power highlighted hydrogen monetization progress and a path to positive EBITDAS later in 2026. Investors will watch whether the pullback continues next week and how upcoming earnings news reshapes the narrative.
Oracle has won a 10-year U.S. military software contract worth up to $6.99 billion if all option years are exercised, with a base value of about $3.31 billion over the first five years. The deal covers Oracle software in on‑premises data centers across the armed forces, Coast Guard and intelligence agencies, and also enables purchases of cloud services, software applications, support and professional services via specific orders. Officials say the consolidated procurement could save taxpayers at least $441 million by reducing fragmentation and increasing interoperability, as part of the Department of War’s Enterprise Software Initiative. Oracle shares rose in after-hours trading on the news, though the pace and size of orders will be watched closely.
The DoD awarded Oracle a nearly $7 billion, decade-long enterprise software contract, a win that sent ORCL shares up briefly but leaves the stock far below its 2025 peak as the company pursues an aggressive AI infrastructure buildout that has driven free cash flow negative by about $24 billion. S&P downgraded Oracle to BBB- amid rising debt and a plan to raise tens of billions in 2027, while Oracle laid off thousands to meet financing needs. Cloud revenue rose sharply (about 93%), and remaining performance obligations climbed to $638 billion, suggesting real revenues from the contract, but analysts remain unsure whether this single deal can offset the broader cash burn and equity dilution facing Oracle in the coming years.
Oracle won a ten-year contract worth up to $7 billion to supply on-premises software for the Pentagon, intelligence agencies, and the Coast Guard, with a five-year base period for perpetual and subscription licenses, maintenance, and consulting; the company says the deal will save taxpayers at least $441 million and underscores its push into AI infrastructure amid investor concerns.