Group 1: Netflix and Warner Bros. Discovery Deal - Netflix has reached a deal to acquire Warner Bros. Discovery's film studio and HBO Max streaming service for $27.75 per WBD share, totaling an enterprise value of over $82 billion [6] - The acquisition is expected to close after Discovery's spin-off of its TV network business, which includes brands like TNT and CNN, anticipated in the third quarter of 2026 [6] - Other bidders for WBD's assets included Paramount Skydance and NBCUniversal parent Comcast, with concerns raised about the fairness of the sale procedures [6] Group 2: Ulta Beauty Performance - Ulta Beauty has exceeded Wall Street expectations for the third quarter, resulting in a share price increase of over 6% in extended trading [3][4] - The company has raised its full-year profit and sales guidance for the second consecutive quarter, citing higher expected comparable store sales growth [4] - Ulta is benefiting from sustained consumer interest in beauty products, even as spending in other sectors declines [4] Group 3: Tesla's Ranking Improvement - Tesla has improved its ranking in Consumer Reports' auto brand rankings, moving from 18th place last year to 10th for 2026 [10] - This rise is attributed to increased reliability, although the Cybertruck remains the only model with a below-average score [11] - Subaru, BMW, and Porsche occupy the top three spots in the rankings for 2026 [11]
Netflix to buy Warner Bros. Discovery, Ulta earnings, Meta's rebound and more in Morning Squawk