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Warner Bros. Discovery Stock Soars 26% As Ellison-Led Paramount Skydance Reportedly Plans Bid
Forbes· 2025-09-11 19:05
Core Viewpoint - Paramount Skydance is preparing to submit a bid to acquire Warner Bros. Discovery, with backing from the Ellison family, following a recent merger with Paramount [1]. Group 1: Acquisition Proposal - The bid from Paramount Skydance will encompass Warner Bros. Discovery's cable networks and movie studio [1]. - The proposal comes after a multibillion-dollar merger between Skydance Media and Paramount was completed [1]. Group 2: Market Reaction - Following the news of the acquisition bid, shares of Warner Bros. Discovery increased by over 26%, reaching $15.89, marking the largest single-day gain since July 2005 [2]. - Paramount Skydance's shares also saw a rise of more than 8.5%, reaching $16.42 [2]. Group 3: Background Context - Skydance, led by David Ellison, had previously announced a merger with Paramount, which faced competition from other bidders like Sony and Apollo Global Management [3]. - The merger was approved by the Trump administration after Skydance agreed to end certain diversity, equity, and inclusion initiatives [3].
WBD Skyrockets 26% On News Paramount Plans Bid For Warner Bros. Discovery
Forbes· 2025-09-11 18:34
ToplineParamount Skydance will submit a bid to acquire Warner Bros. Discovery in a proposal backed by the billionaire Ellison family, the Wall Street Journal reported Thursday, weeks after a multibillion-dollar merger closed between Skydance Media and Paramount. The proposal includes Warner Bros. Discovery's cable networks and movie studio.NurPhoto via Getty ImagesKey FactsA bid by Paramount Skydance—run by David Ellison, son of Oracle chairman Larry Ellison—will include Warner Bros. Discovery’s cable netwo ...
Paramount Skydance Reportedly Bidding For Warner Bros. Discovery In Latest Bold Venture After Ellison Takeover
Forbes· 2025-09-11 18:30
ToplineParamount Skydance will submit a bid to acquire Warner Bros. Discovery in a proposal backed by the billionaire Ellison family, the Wall Street Journal reported Thursday, weeks after a multibillion-dollar merger closed between Skydance Media and Paramount. The proposal includes Warner Bros. Discovery's cable networks and movie studio.NurPhoto via Getty Images ...
Klarna Gives You The CEO’s Ear Amid An Ambitious IPO
Forbes· 2025-09-11 15:40
Mock up space, laptop with hand of businessman working on digital.gettyThe Swedish firm known for offering payment plans to cash-strapped internet shoppers is in the midst of a big change. Specifically, as of September 10, 2025, the newly public company’s shares are on NYSE as KLAR, at a value of $40. There’s no movement yet, although the market is open, but there will definitely be lots of eyes on the volatility of KLAR’s movements as the days go by.With Klarna currently valued around $15 billion, the IPO ...
Gun Stocks Surged After Charlie Kirk's Killing: Here's Why
Forbes· 2025-09-11 14:45
ToplineShares of gun manufacturers spiked immediately following the assassination of conservative activist Charlie Kirk on a college campus Wednesday, a market trend that typically happens after high-profile shootings as people tend to arm themselves and fear possible restrictions on gun sales.Shares of Smith & Wesson jumped Wednesday afternoon. (Photo by Ethan Miller/Getty Images)Getty ImagesKey FactsSmith & Wesson Brands Inc., a Tennessee-based gun manufacturer, saw shares jump just before 3 p.m. EDT, aro ...
Kraft Heinz's Billion-Dollar MAHA Opportunity
Forbes· 2025-09-11 14:15
Healthy kids foods and beverages can differentiate Kraft Heinz brands and propel growthAFP via Getty ImagesThe split only works if Kraft Heinz owns kids’ nutrition.When Kraft Heinz announced it would split into two companies, the move was billed as a chance to unlock value and sharpen strategy. But the anticipated cost-cutting and portfolio shuffling has already failed to deliver growth for the company. Now, a new external catalyst has emerged: MAHA’s “Make Our Children Healthy Again” initiative. If Kraft H ...
AbbVie: What's Happening With ABBV Stock?
Forbes· 2025-09-11 13:45
POLAND - 2025/09/07: In this photo illustration, the AbbVie company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images AbbVie’s stock is on the rise, and for good reason! The company just reached a major agreement with generic drug manufacturers to delay the release of a generic version of its blockbuster drug, Rinvoq, until 2037. This is a huge deal because Rinvoq has been a powerhouse for the co ...
Constellation Brands: How Low Can STZ Stock Go?
Forbes· 2025-09-11 13:45
Core Insights - Constellation Brands (NYSE: STZ) has experienced a 15.3% decline in shares over the last 21 trading days due to a lowered fiscal 2026 sales and earnings outlook, primarily driven by decreased demand for its beers among the Hispanic population in the U.S. [2] Group 1: Company Performance - Constellation Brands is a $25 billion company generating $10 billion in revenue, with shares currently priced at $142.90 [6] - The company reported a last 12-month revenue growth of -0.5% and an operating margin of 31.7% [6] - The debt-to-equity ratio stands at 0.46, indicating a relatively low level of debt, while the cash-to-assets ratio is extremely low [6] Group 2: Historical Stock Performance - During the 2022 inflation shock, STZ's stock fell 20.1% from a high of $261.05 on December 2, 2022, to $208.68 on January 5, 2023, compared to a 25.4% decline for the S&P 500 [7] - The stock fully regained its pre-crisis peak by July 19, 2023, and reached a high of $272.80 on July 31, 2023, before currently trading at $142.90 [7] - In the 2020 COVID-19 pandemic, STZ fell 49.3% from a high of $208.34 on February 20, 2020, to $105.64 on March 23, 2020, while the S&P 500 experienced a 33.9% decline [9] - The stock fully recovered to its pre-crisis peak by December 3, 2020 [9]
GLW Stock's 12% Pop: Buy The Strength Or Sell It?
Forbes· 2025-09-11 13:45
Group 1 - Corning's stock has increased by 12% over seven consecutive days, adding approximately $7.6 billion to its market cap, which now stands at around $64 billion [2] - Year-to-date, Corning's stock has risen over 60%, significantly outperforming the S&P 500's 11% gain [2] - The surge in Corning's stock is largely attributed to the AI boom, with a recent UBS upgrade highlighting the company's potential growth driven by demand for fiber optic cables used in AI infrastructure and data centers [3] Group 2 - Corning's Enterprise business within its Optical Communications division reported an 81% year-over-year increase in sales, primarily due to products utilized in generative AI [3] - The current stock performance raises questions about whether it is still a good time to buy or if investors should consider selling [4] - Monitoring stock momentum can help investors capitalize on trends, although sharp advances can reverse quickly [5]
Inflation Jumped Again In August As Interest Rate Meeting Looms
Forbes· 2025-09-11 13:15
ToplineInflation worsened as expected in August as President Donald Trump’s tariffs continued to raise consumer prices, according to data released Thursday by the Bureau of Labor Statistics, the last economic report under consideration by the Federal Reserve as it considers interest rate cuts next week. The Federal Reserve meets next week to decide whether to lower interest rates for the first time since December.AFP via Getty ImagesKey FactsConsumer prices increased 2.9% last month from August 2024 and 0.4 ...