Fox News parent Fox Corp. agreed to pay $787.5 million to settle its legal battle with Dominion Voting Systems just before the start of a trial on the voting-machine company’s allegations it was defamed by network broadcasts after the 2020 presidential election. Dominion says Fox hosts and guests amplified false claims that its voting technology helped rig the election for Joe Biden. Legal observers said the agreement is the largest known media defamation settlement ever in the U.S.
Despite record prices for LNG tankers, the global LNG fleet is expected to soar 36% between now and 2027. Brokers Braemar says the price of a new tanker has hit a record high of $259.5 million for a standard ship. Meanwhile, amidst a nationwide softening of imports, Port Houston says it saw “significant demand” in loaded export containers in March, recording a 10% increase over March of last year and the highest monthly volume for that category in its history.
Futures are down after stocks ended little changed yesterday. The Dow Industrials slipped 10 and the NASDAQ was down 4, while the S&P 500 edged up 3.
