Luke Vargas

The government has said it's willing to pay damages to the families of those killed.

Coming up, Warner Brothers tells Paramount that billionaire Larry Ellison will have to put more of his own fortune on the line if it wants a deal.

And we'll look at the new Silk Road of cheap Chinese goods flooding into Europe.

Those stories and more after the break.

We're learning more about Warner Bros.

Discovery's move to urge shareholders to reject Paramount Skydance's hostile takeover bid.

The company says it had concerns about the use of an Ellison family trust to backstop the equity commitments within the deal, and it wants Oracle founder Larry Ellison to give a personal guarantee that he, not an opaque trust, is committed to the almost $78 billion bid.

Paramount said Warner was misleading its shareholders about the trust, noting that it contained over a quarter trillion dollars of assets.

Lululemon has a new investor.

It's activist Elliott Investment Management, which we exclusively report has built up an over $1 billion stake in the struggling athletic apparel retailer and wants to turn it around.

Elliott has reportedly identified a CEO candidate,

and its arrival comes as Lululemon's founder agitates for change at the business, which he had attacked for killing innovation and losing its cool.

The IRS is seeking $16 billion from Meta in a move that intensifies a decade-long fight in U.S.

tax court between the tech company and the federal government.

According to the IRS, the owner of Facebook and Instagram booked billions of dollars of profit in Ireland, which should have been taxed in the U.S.,

To date, the IRS has analyzed corporate arrangements by valuing them at a moment in time when agreements are made.

But critics argue that companies know more than the government about their businesses and can arrange deals to reap outsized, low-taxed profits abroad.

So, Journal tax reporter Richard Rubin told us the IRS is now changing tack and examining the deal in light of Meta's booming success in the years that followed it.

The IRS hasn't publicly indicated whether or when it will try a similar strategy in other tax disputes.

Coca-Cola and Microsoft are among the companies fighting the government on cross-border tax questions.