Stock Market News this week: Cannabis stocks, Trump Media & Technology and TikTok

Group 1: Media and Entertainment - Warner Bros. has formally rejected Paramount's hostile bid to acquire the company, opting instead to focus on a partnership with Netflix, which boasts over 300 million subscribers [1] - The bidding war involving Warner Bros., Netflix, and ParamountSkydance has likely concluded with this decision [1] Group 2: Mergers and Acquisitions - IBM has acquired Confluent for $11 billion, indicating a significant move in the tech sector [2] - Medline's recent IPO raised a record $6.26 billion, with its stock surging over 40% on the first day of trading on Nasdaq [2] Group 3: Commodities Market - Oil prices reached a record low of $55 per barrel but recovered slightly, ending the week with a 1.4% decline [4] - Natural gas prices increased by 2.9% on Friday, although they remain 2.4% lower for the week [5] - Silver prices hit a new high of $67.385 per ounce, marking an 8.6% increase for the week and a 130% gain year-to-date [5] Group 4: Economic Indicators - The November non-farm payroll data showed no significant changes from September, while the Consumer Price Index for the 12 months ending in November was reported at 2.7%, down from 3% in September [6] - The S&P 500 closed 0.06% higher this week, while the Nasdaq Composite rose 0.3%, and the Dow Jones fell by 0.7% [7]