Paramount Skydance
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Is the Warner Bros. Discovery Deal Set to Become a Cliffhanger?
Paramount Skydance launched a hostile $30‑per‑share all‑cash bid for Warner Bros. Discovery, outbidding Netflix’s $27.75 cash‑and‑stock offer, sending Paramount shares up 9% and WBD up 4.4%. Meanwhile, the U.S. approved Nvidia’s H200 AI chips for export to selected foreign customers with required U.S. revenue repatriation, nudging its stock higher. Major U.S. indexes fell as investors priced in a ~90% chance of a 25‑basis‑point Fed rate cut at the year‑end meeting, warning of a 2‑3% equity pullback if the cut is missed. Private‑credit markets are now mirroring high‑yield bonds, raising underwriting‑standard concerns.
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5 Things to Know Before the Stock Market Opens Tuesday
US equities rose amid optimism for a government shutdown resolution. The Nasdaq saw its biggest gain since May, driven by AI stocks. Bitcoin surged past $105,000. SoftBank reduced its chip sector exposure, focusing on OpenAI. Paramount Skydance announced cost cuts and layoffs. Air travel faced disruptions from the shutdown, and Warren Buffett plans to accelerate charitable giving, preparing Greg Abel for succession at Berkshire Hathaway.
