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Board call’s GME’s $56B takeover proposal neither attractive nor credible . (0:15) Energy prices push April core and headline CPI higher . (0:50) Quantum Computing reports nearly 9,000% revenue growth . (1:49)

This is an abridged transcript of the podcast:

Our top story so far, the bid has been rejected. The question now: does this move toward an auction?

eBay ( EBAY ) turned down GameStop’s ( GME ) $56B takeover proposal, calling it “neither credible nor attractive.”

In a letter to CEO Ryan Cohen, eBay’s board cited the company’s standalone prospects, uncertainty around GameStop’s financing, the leverage and operational risks of a combined entity, and concerns around governance and executive incentives.

The board said it remains confident in eBay’s current management and long-term strategy.

GameStop’s offer was valued at roughly $125 per share in cash and stock.

Shares of both companies are trading…