GameStop has been on a wild ride in recent years, and now the face of the meme stock movement wants to take over eBay. Economists are skeptical.

In order to complete an acquisition of eBay, GameStop CEO Ryan Cohen told CNBC the video game retailer may have to issue stock. The takeover offer values eBay at $55 billion—far more than GameStop’s $11.4 billion market cap as of Monday. The broader market would be “skeptical of a potential deal’s feasibility,” Morgan Stanley analysts wrote.

eBay said its board is reviewing the offer, but Cohen said he was prepared for a hostile takeover if the board was unreceptive.

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The Trump administration is considering a new government review process for AI models, which may be similar to one under development in the U.K.

The U.S. ceasefire with Iran is in doubt as President Donald Trump said Monday the U.S. “shot down” seven small Iranian military boats in the Strait of Hormuz. On Tuesday, a top Iranian official accused the U.S. of jeopardizing “security of shipping and energy transit” through the strait.

OpenAI President Greg Brockman testified that his stake in the ChatGPT maker is worth over $20 billion, and may be closer to $30 billion, though he hasn’t invested any money into the firm. The testimony was part of the high-stakes court trial between billionaire Elon Musk and OpenAI, which accuses the tech giant of abandoning its original mission........

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