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Middle East Conflict Drives Oil Surge; Netflix Abandons $110B Warner Bros. Discovery Pursuit
Stock Market News· 2026-03-04 23:38
Key TakeawaysWTI Crude jumped 2% at the market open as the Saudi Defense Ministry confirmed the interception of three cruise missiles near Al-Kharj, escalating fears of a broader regional war.Netflix (NFLX) officially abandoned its $110 billion pursuit of Warner Bros. Discovery (WBD) after being outbid by a $31-per-share offer from Paramount Skydance.Meta Platforms (META) announced plans to expand its in-house custom chip development for AI training to reduce its multi-billion dollar reliance on Nvidia (NVD ...