New York Times business news – April 30

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– Paramount Global’s PARA, CEO Bob Bakish is stepping down effective immediately and will be replaced by an “office of the C.E.O.” run by three executives, Paramount announced.

– Skydance, which has been in talks to merge with Paramount in recent days offered to provide the combined company with a $3 billion cash infusion.

– Philips Respironics has reached a $1.1 billion settlement over claims that people who used their CPAP and other breathing devices were harmed by noxious gasses and flecks of foam that lodged in their airways.

– New federal safety regulation will require all new cars and trucks in the United States to be sold with automatic emergency braking, sensors that hit the brakes to avoid a collision if the driver does not.