Axios

G/O Media, formerly Gizmodo Media Group, has sold sports blogging site Deadspin to European firm Lineup Publishing, a new digital media rollup company, CEO Jim Spanfeller announced in a note to staff Monday.

Why it matters: The firm, which was acquired by private equity firm Great Hill Partners in 2019, has been slowly offloading sites as pressure mounts from investors to make a return on its investment.

A bipartisan bill requiring China's ByteDance to divest TikTok is racing toward the desk of President Biden, who has promised to sign it.

Why it matters: This shotgun divorce is easier legislated than done.

Natural gas production heavyweight EQT Corp. is buying the big pipeline player Equitrans Midstream Corp. for $5.5 billion in stock., the latest in a wave of multibillion-dollar deals sweeping the U.S. oil and gas sector.

The details: Equitrans assets include majority ownership of the major Mountain Valley Pipeline project in West Virginia and Virginia.

Uber just unveiled app features that give riders data on carbon dioxide emissions avoided, if they use electric vehicle and hybrid options.

Why it matters: The ride-hailing giant hopes for a climate-friendly feedback loop.

The distance the average American lives from their workplace has soared from 10 miles in 2019 to 27 miles at the end of 2023, per new data from Gusto.

Why it matters: When we had to go into the office every day, the length of the commute mattered more.

Reddit on Monday disclosed that it plans to raise up to $748 million in its initial public offering, at up to a $6.4 billion valuation.

Why it matters: It would be the first U.S. social media company to go public since Pinterest in 2019.

The founder of Chipotle is out with a new restaurant concept that he hopes will revolutionize the restaurant industry — again.

• Kernel is a vegan takeout place where the food is made largely by robots — so it's staffed by only three people.

Oscars attendees including Billie Eilish, Mark Ruffalo and Ramy Youssef wore red pins on the red carpet in support of an Israel-Hamas ceasefire on Sunday.

The big picture: In addition to highlighting the plight of civilians in Gaza and Hamas hostages, some attendees used their platform to highlight Russian forces' invasion of Ukraine.

Christopher Nolan's biographical thriller "Oppenheimer" won the award for best picture at the 2024 Oscars on Sunday, bucking a recent trend of indie films taking home the top prize.

Why it matters: "Oppenheimer" proved that with enough gravitas and commercial appeal, certain films can still win over theater-goers and critics alike.

More than half of "Best Picture" contenders at the Oscars are small-budget films.

By the numbers: In the past 50 years, over 60% of Best Picture films reported a production budget of $50 million or less, according to data from The Numbers and IMDB, a movie database.

• The trend to nominate films with modest budgets continues this year with nominees like Anatomy of a Fall ($6.2 million) and Past Lives ($12 million); they're competing against big budget movies like Killers of the Flower Moon ($200 million), and Barbie ($145 million).
• In 2022, "Everything Everywhere All at Once" won the Best Picture with a budget of close to $25 million, after rubbing shoulders with "Avatar: The Way of Water" which took a massive $350 million to bring to theaters.
• Since 2013, all Oscar winners have been low- to-medium- budget films: the most recent winners include CODA (2021) and Nomadland (2020).
• Only 10 percent of nominees with budgets over $200 million have won an Oscar, including Titanic (1997).

The big picture: While inflation blurs budget distinctions, major studio film costs typically hover around $65 million, Investopedia notes.

• Small to medium budget films can span below $5 million to $50 million, with higher figures marking high-budget range.

What's next: Future "Best Picture" nominees will require longer theatrical runs in more U.S. cities, according to updated criteria the Academy laid out last year. That may leave smaller indie films at a disadvantage.

Silicon Valley Bank says it's still serving 81% of its old customers, but the events a year ago undoubtedly resulted in client defections that benefited the competition.

State of play: Many customers switched to other established banks, and a number of businesses shifted to startup-focused neo-banks. Here's how two of them fared.

Pastry chefs finish last — in a meal, and often when it comes to their share of awards, media coverage, and diner's attention. But that's changing.

Why it matters: A new generation of pastry talents — historically a women-dominated profession — are pushing boundaries, making headlines with their thought-provoking desserts, and getting the recognition they've long deserved.