BUSINESS + FINANCE

 

Rupert Murdoch and his son Lachlan Murdoch. PHOTO BY JEAN CATUFFE/GC IMAGES

A Nevada court rejected Rupert Murdoch’s attempt to amend his succession plan and give sole control of the family trust to his eldest son in hopes of preserving the right-wing slant of his media empire, the New York Times reported. Murdoch, 93, was originally set to grant equal control of his empire, which includes Fox News and the Wall Street Journal, to his four oldest children, but last year he petitioned to grant exclusive control of the family trust to his son Lachlan. Nvidia shares slid 2.6% Monday after China announced it was opening an investigation into the company over potential antitrust law violations. Beijing is looking into Nvidia’s 2020 $7 billion acquisition of computer networking equipment company Mellanox Technologies, and the firm is also facing antitrust problems in the U.S.