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Jeff Bezos Sells $4 Billion , of Amazon Stock.<br/>Earlier this month, Amazon <br/>revealed that Bezos would be offloading <br/>50 million shares by Jan. 31, 2025.<br/>Earlier this month, Amazon <br/>revealed that Bezos would be offloading <br/>50 million shares by Jan. 31, 2025.<br/>According to regulatory filings, <br/>since Feb. 9, Bezos sold 24 million shares <br/>over the course of four trading days.<br/>The last time he sold stocks was <br/>in 2021, Yahoo Finance reports. .<br/>Bezos, one of the world's richest men, didn't <br/>provide a reason for the timing of his recent sale. .<br/>But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .<br/>But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .<br/>In 2022, Washington instituted <br/>a 7% capital gains tax.<br/>Bezos' decision to move to Florida will likely save <br/>him $288 million so far, Yahoo Finance reports. .<br/>\
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Oil Companies Announce , Massive Merger Amid Rush , to Snatch up Drilling Land.<br/>'The Guardian' reports that two United States oil <br/>and gas companies have announced a massive <br/>$26 billion merger in an attempt to increase output. .<br/>Diamondback Energy will purchase <br/>Endeavor Energy Resources, creating <br/>a company valued at approximately $50 billion.<br/>This is a combination of two strong, <br/>established companies merging to <br/>create a ‘must own’ North American <br/>independent oil company, Travis Stice, Chairman and chief executive of Diamondback, via 'The Guardian'.<br/>Endeavor shareholders will reportedly <br/>receive about $117 million in Diamondback shares, <br/>as well as an additional $8 billion in cash. .<br/>The merger will see current <br/>Endeavor shareholders retain just under <br/>40% of the newly created company.<br/>The latest news comes amid a wave of <br/>mergers aimed at increasing output by purchasing <br/>rivals who own the rights to proven oil reserves.<br/>October saw Chevron make a $53 billion deal to <br/>purchase Hess and ExxonMobil finalized a $59.5 <br/>billion acquisition of Pioneer Natural Resources.<br/>October saw Chevron make a $53 billion deal to <br/>purchase Hess and ExxonMobil finalized a $59.5 <br/>billion acquisition of Pioneer Natural Resources.<br/>The recent acquisition of Endeavor is focused on boosting <br/>extraction of oil and gas from the Permian oilfield, <br/>which spans large swathes of New Mexico and Texas.<br/>In 1979, Endeavor was founded with a single <br/>well in the Permian oilfield and now produces <br/>approximately 400,000 barrels of oil per day.<br/>The International Energy Agency (IEA) has warned <br/>that new fossil fuel developments will push the <br/>world past global warming safety thresholds
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