Three of the biggest and most important technology companies in the world are expected to show healthy growth when they report earnings this week.

Netflix on Thursday said its Chief Content Officer Bela Bajaria is leaving the company and named former Disney executive Peter Rice as her replacement.

The merger between Paramount Skydance and Warner Bros. Discovery has officially closed, completing a $111billion transaction. The combined company will operate under the name Skydance. Its shares switched from PSKY to SKYD and began trading under the new ticker on Tuesday. The merged group brings together assets including HBO, CNN and CBS alongside two major streaming services, and is controlled by the Ellison family, making it one of the largest traditional media companies ever formed.

The Trump administration has eased Corporate Average Fuel Economy (CAFE) requirements, setting a 34.9 miles-per-gallon target for 2031 model-year vehicles versus 50.4 miles per gallon under the Biden administration’s rule. Administration officials said the new standards would cut oil consumption by about 1.3 billion barrels by 2050, compared with average yearly oil use in 2024, a far smaller reduction than the Biden-era estimate of nearly 70 billion gallons of gasoline saved through 2050. The shift could further complicate California’s climate strategy as drivers already face steep costs at the pump, with gasoline averaging about $6.37 a gallon in the state, according to AAA.

Starbucks said it plans to close 250 locations across North America, including 36 in Southern California. The move is part of Chief Executive Brian Niccol’s turnaround plan after he took over in 2024, aimed at refining the store portfolio and exiting underperforming sites. The company has previously closed more than 600 stores in North America and Europe and laid off hundreds of nonretail employees. Despite reporting 7.9% growth in global comparable-store sales in July, the closures highlight ongoing cost-optimization pressure.

Uber said it will lay off about 3,300 employees, roughly 10% of its workforce, marking its largest round of cuts since 2020 to simplify management. The company said it is eliminating coordination-focused roles and cutting by 50% the number of teams made up of just one to two employees. It is also asking most remote workers to return to the office, and the stock rose more than 2% intraday after the announcement.

Meta is heading into a trial over allegations that its platforms encourage compulsive use among young users, and the company has warned a loss could bring penalties of up to $1.4 trillion. The shares fell 3.5% on Monday and another 4.5% on Tuesday as the case began. Separately, the company is expected to spend $139 billion on capital expenditures in 2025, nearly double 2024’s $69.7 billion. The scale of that spending has added to investor concerns about pressure on free cash flow.

Alphabet’s self-driving unit Waymo has won approval from California regulators to significantly expand service across 18 counties around Los Angeles and the San Francisco Bay Area, more than tripling its coverage. Waymo’s driverless fleet has logged more than 220 million miles without a safety driver. Company data show its vehicles are involved in an estimated 94% fewer collisions that cause serious injuries than human drivers. Tesla, by contrast, continues to face safety and operational issues in robotaxis.

PayPal has received a joint acquisition offer from Stripe and private equity firm Advent International at $60.50 per share, valuing the company at about $53 billion. The bid implies a premium to the current share price and comes as PayPal posted second-quarter adjusted EPS of $1.38, beating expectations, sending the stock up 4%. Separately, PayPal is pressing ahead with cost cuts, including plans to eliminate about 4,500 jobs over the next two to three years. The potential deal is seen as a classic M&A catalyst for a listed company, directly influencing PayPal’s valuation and trading narrative.