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☆ Stocks making the biggest moves midday: Ralph Lauren, Walt Disney, Hershey and more
▼ + stars: | 2024-02-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Ralph Lauren posted earnings of $4.17 per share, while analysts surveyed by LSEG expected earnings of $3.54 per share. PayPal said it anticipates full-year earnings of $5.10 per share, short of the $5.48 per share analysts expected, according to LSEG. S & P Global — Shares dipped 5% following a fourth-quarter earnings miss and disappointing full-year guidance from the financial analytics firm. On the other hand, the company's fourth-quarter revenue of $3.15 billion beat the $3.13 billion analysts had anticipated. Zimmer Biomet — The stock slid 5%, despite the medical device firm posting a fourth-quarter earnings and revenue beat.

Persons: Walt Disney, Ralph Lauren —, Ralph Lauren, Hershey's, FactSet, Kate Spade, Stuart Weitzman, LSEG, Masco, Kellanova, Zimmer Biomet, Johnson, — CNBC's Michelle Fox, Hakyung Kim, Tanaya Macheel, Pia Singh Organizations: PayPal, Arm Holdings —, Hershey —, Intercontinental Exchange, Wynn, P Global, Johnson, LSEG

☆ Goldman Sachs analysts have increased conviction in these 5 stocks
▼ + stars: | 2023-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors looking for value heading into the holiday season should look no further than the following stocks, Goldman Sachs says. The company beat on both the top and bottom line to go along with strong guidance for the fourth-quarter. TransDigm- buy rating "TDG reported F4Q23 key metrics above consensus, guided the same ones for FY2024 above consensus, announced a large special dividend & announced a new sizable acquisition. Willis Towers Watson - buy rating "We view 3Q23 results as quite supportive of our thesis around ramping talent production & cost efficiencies & we reiterate our Buy rating as we expect momentum to continue on both top & bottom line results. Trex Company- buy rating "We are also encouraged by mgmt's optimism for further top-line gains in 2024, supporting our forecast for robust FCF to allow for investments in growth opportunities and shareholder returns.

Persons: Goldman Sachs, Goldman, Ross, Willis Towers Watson, Noah Poponak, TransDigm, Poponak, Robert Cox, Willis, Cox, there's, Brett Feldman, Warner's, Feldman, shouldn't Organizations: CNBC, Warner Brothers Discovery, TransDigm, Warner Brothers, 3Q, Trex Locations: TransDigm

☆ Judge sides with Paramount on some claims in Warner Bros. 'South Park' streaming lawsuit
▼ + stars: | 2023-11-15 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

A judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series "South Park." New York state Supreme Court Justice Margaret Chan said that Paramount did not violate state consumer protection laws after its streaming platform, Paramount+, hosted "South Park" specials. The decision follows a February lawsuit, where Warner alleged that Paramount deceptively withheld the specials and other "South Park" content to bolster Paramount+ offerings. Paramount would later release "South Park: Post Covid" in 2021 and "South Park: The Streaming Wars" in 2022, exclusively on Paramount+.

Persons: Margaret Chan, didn't, Warner, Max, Paramount countersued, Chan, Warner's Organizations: Paramount Global, Warner Bros . Discovery, Paramount, Warner, HBO Max, Comedy Locations: York

☆ Judge narrows lawsuit over 'South Park' streaming rights
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.

Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York

☆ Australia drub the Dutch after Maxwell mayhem
▼ + stars: | 2023-10-25 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

The all-rounder produced a blistering 106 off 44 balls and opener David Warner made 104 as Australia racked up 399-8 after electing to bat. The Netherlands began with spin from both ends and Warner smashed Aryan Dutt for four fours in a row to signal his intention early. The Dutch bowlers briefly stemmed the run flow but the ground had been laid for Maxwell to explode with the bat. With Maxwell playing some outrageous shots on either side of the wicket, Australia plundered 131 runs in the final 10 overs. "Full credit to the Australia batting line-up, we needed to pick up Maxwell.

Persons: Glenn Maxwell, Africa's Aiden Markram, Arun Jaitley, Maxwell, David Warner, couldn't, Pat Cummins, Steve Smith, Travis Head, Mitchell Marsh, Warner, Aryan Dutt, Logan van Beek, Marnus Labuschagne, Leede, Adam Zampa, they've, Scott Edwards, Amlan Chakraborty, Christian Radnedge, Hugh Lawson Organizations: Australia, Sri, Warner, Thomson Locations: DELHI, Netherlands, Sri Lanka, Australia, New Delhi

☆ Australia's Marsh happy to vacate opener's slot for Head
▼ + stars: | 2023-10-24 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +1 min

Head fractured his left hand in South Africa last month but has linked up with the squad in New Delhi where the five-time champions will be chasing a third win in five matches. Marsh, who made 121 and 52 in his last two outings in the tournament, said Australia would take a call on Head's participation later on Tuesday. "He looked good, a bit of range-hitting last night," Marsh told reporters. Dwelling on the task ahead, Marsh said they could not afford to underestimate a Dutch side, who stunned South Africa earlier in the tournament. We respect the Netherlands, they're playing some good cricket and that will be a tough challenge."

Persons: Mitchell Marsh, Travis, Marsh, David Warner's, I've, We've, there's, they're, Amlan Chakraborty, Ken Ferris Organizations: Thomson Locations: DELHI, Netherlands, South Africa, New Delhi, Australia

☆ Cummins banks on all-rounders to bring Australia World Cup glory
▼ + stars: | 2023-10-05 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

Australia picked up their first 50-overs title in 1987 before winning three in a row from 1999 to 2007. "I think we had a really strong run in the early 2000s," Cummins told reporters on Wednesday. With their fiery attack, formidable batting and electric fielding, Australia set the benchmark in 50-overs cricket during that era but reigning champions England have replaced them as the dominant limited-overs side, also winning the T20 World Cup in Australia last year. Cummins, in his first World Cup as Australia captain, is one of several frontline players returning from injuries but the 30-year-old says Australia have what it takes to win in India -- an abundance of all-rounders. Australia will begin their World Cup campaign against hosts India in Chennai on Sunday.

Persons: Pat Cummins, Cummins, we've, Mitchell Marsh, David Warner's, Travis Head, We've, everyone's, Amlan Chakraborty, Peter Rutherford Organizations: New Zealand, England, Australia, Thomson Locations: AHMEDABAD, India, Australia, New, South Africa, Chennai, Ahmedabad

☆ 'Barbie' is about to pass 'Super Mario Bros.' and become the world's biggest movie of 2023
▼ + stars: | 2023-08-26 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

"Barbie" is poised to overtake Super Mario globally after becoming the biggest US movie this year. "Barbie" is Warner Bros.' most successful US release and is about to become its biggest film ever. The Greta Gerwig-directed film about Mattel's plastic doll surpassed "The Super Mario Bros. Movie" domestically with a $575.4 million gross, according to data seen by The Hollywood Reporter and Deadline . Warner Bros./Universal"Barbie" is now Warner Bros'. Nolan's latest three-hour epic has performed very well at the box office, taking almost $725 million, per Box Office Mojo.

Persons: Greta Gerwig, Mario, Barbie, pip Mario, execs, Margot Robbie, Ryan Gosling, Gerwig, Oppenheimer, Christopher Nolan's, Harry Potter, Jennifer Lee, Chris Buck, Noah Baumbach, Matt Winkelmeyer, Robbie, Gosling Organizations: Super Mario, Warner Bros, Mario Bros, Hollywood, Mojo, Variety, Staff, Getty, Australian

TOKYO, Aug 3 (Reuters) - The Japan opening of the hit film "Barbie" was dealt additional setbacks as an online petition gained steam calling on Hollywood studios to disavow a grassroots marketing movement that made light of nuclear holocaust. Warner Bros initially latched on to fan-produced memes that depicted Robbie's Barbie with actor Cillian Murphy's Oppenheimer alongside images of nuclear blasts. But fans were not amused in Japan, which in coming days will mark the memorials of the atomic bombings of Hiroshima and Nagasaki 78 years ago. "This incident is really, really disappointing," she posted. Ambassador to Japan Rahm Emanuel posted a picture of his meeting in Tokyo with director Greta Gerwig, but the response online was chilly.

Persons: Oppenheimer, Barbie, Margot Robbie, J, Robert Oppenheimer, Robbie's Barbie, Cillian Murphy's Oppenheimer, Barbie delighting, Koji Maruyama, Mitsuki Takahata, Japan Rahm Emanuel, Greta Gerwig, Emanuel, Rocky Swift, Chang, Ran Kim, Michael Perry Organizations: Hollywood, Warner Bros, Universal Pictures, Warner's, Twitter, Thomson Locations: TOKYO, Japan, Hiroshima, Nagasaki, Warner's Japan, Tokyo

☆ The new 'tone deaf' Bob Iger might just be focused on a Disney and Apple M&A
▼ + stars: | 2023-08-02 | by ( Peter Csathy | Fearless Media | ) www.businessinsider.com time to read: +6 min

Fearless Media is a newsletter about the future of entertainment, media, and tech by Creative Media chairman Peter Csathy . Disney CEO Bob Iger's comments regarding the strikers may hint at his deeper M&A state of mind. For the past decades, Disney CEO Bob Iger has been perhaps the most revered media and entertainment titan, beloved by both employees and Wall Street — a rare feat and balancing act to be sure. SAG President Fran Drescher joined voices across entertainment in calling Iger's comments "tone deaf" and rich for someone who reportedly makes more than 500 times the median salary of Disney employees. Peter Csathy is the founder and chairman of Creativie Media and an internationally recognized media, entertainment, and tech expert.

Persons: Peter Csathy, Bob Iger's, Iger, Bob Iger, —, Fran Drescher, Iger's, Sun, Tim Cook —, Steve Jobs, Rupert Murdoch, Palminteri, Keyser, doesn't bode, Read Organizations: Creative Media, Disney, Morning, Fearless Media, SAG, Mouse House, Marvel, Pixar, Apple, Wall, Fox Television, Wall Street, Hollywood, Creativie Media Locations: Sun Valley, Nice

☆ US lawmakers consider changes to TikTok crackdown bill -senator
▼ + stars: | 2023-07-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

ARLINGTON, Virginia July 10 (Reuters) - U.S. lawmakers are considering changes to address concerns about a bill that would give the Biden administration new powers to ban Chinese-owned TikTok, the chair of the Senate Intelligence Committee who has cosponsored the legislation said on Monday. Democratic Senator Mark Warner told Reuters that aggressive lobbying by the ByteDance-owned short video app TikTok against the Restrict Act "slowed a bit of our momentum" after it was introduced in March. TikTok did not immediately respond to a request for comment on Warner's assessment of its lobbying. In March, Republican Senator Rand Paul blocked a bid to fast-track a separate bill to ban TikTok introduced by Senator Josh Hawley, who said the Restrict Act "doesn't ban TikTok. Attempts in 2020 by then President Donald Trump to ban TikTok were blocked by U.S. courts.

Persons: Mark Warner, Warner, TikTok, Rand Paul, Josh Hawley, Biden, Donald Trump, Chuck Schumer, David Shepardson, Leslie Adler, Sonali Paul Organizations: Biden, Senate Intelligence, Democratic, Reuters, Commerce Department, Republican, Thomson Locations: ARLINGTON, Virginia, U.S, China, Montana

☆ U.S. lawmakers consider changes to TikTok crackdown bill, says senator
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: +1 min

TikTok logo is displayed on the screen of a smartphone. U.S. lawmakers are considering changes to address concerns about a bill that would give the Biden administration new powers to ban Chinese-owned TikTok, the chair of the Senate Intelligence Committee who has cosponsored the legislation said on Monday. Democratic Senator Mark Warner told Reuters that aggressive lobbying by the ByteDance-owned short video app TikTok against the Restrict Act "slowed a bit of our momentum" after it was introduced in March. "I will grant TikTok this, they spent $100 million in lobbying and slowed a bit of our momentum," Warner said, adding that initially it seemed it would be almost "too easy" to get the bill approved. TikTok did not immediately respond to a request for comment on Warner's assessment of its lobbying.

Persons: Mark Warner, Warner, TikTok Organizations: Biden, Senate Intelligence, Democratic, Reuters, Commerce Department

☆ Senators will look at legislation addressing TikTok in China proposal -- Schumer
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, May 3 (Reuters) - Senate Majority Leader Chuck Schumer said senators will consider legislation to bolster the Biden administration's ability to crackdown on popular video sharing app TikTok as they craft wide-ranging legislation to address Chinese threats. In March, Senators Mark Warner and John Thune joined by 24 other senators proposed the Restrict Act to grant the Commerce Department new authority to review or block a range of transactions involving foreign-owned apps like TikTok that pose national security risks. "This is one of the things we will look at for sure," Schumer said Wednesday at a press conference citing Warner's bill. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Reliance JV Viacom18 strikes deal with Warner for streaming content-sources
▼ + stars: | 2023-04-27 | by ( Aditya Kalra | ) www.reuters.com time to read: +1 min

NEW DELHI, April 27 (Reuters) - The broadcast venture of India's Reliance (RELI.NS) has struck a deal with Warner Bros Discovery Inc. (WBD.O) for its streaming platform JioCinema, a big push into bringing popular Hollywood content on the platform, two sources with direct knowledge said. The first source said the partnership will be exclusive and see most of Warner's marquee content on the JioCinema platform. "It's a deep exclusive arrangement which will make JioCinema the house of Warner, HBO in India," said the person. The content deal could bring in thousands of hours of streaming content onto JioCinema, which has become popular for streaming the IPL cricket tournament on the platform for free in the ongoing season. Viacom18 won the IPL digital streaming rights from 2023 to 2027 for around $2.9 billion, rights which Disney previously held.

☆ Paramount fires back at Warner Bros. Discovery in 'South Park' streaming lawsuit
▼ + stars: | 2023-04-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Discovery in a lawsuit over the streaming rights for the comedic cartoon, and is seeking more than $50 million in unpaid fees. Warner alleged Paramount withheld specials and other related "South Park" content as its own fledgling streaming service, Paramount+, was lifting off. Discovery's argument that Paramount Global was required to deliver additional South Park content is baseless and wholly unsupported by the parties' agreement. Warner said in the earlier filing that during the bidding process for the streaming rights Paramount had allegedly asked if they could share the rights for Paramount+. The company added that Warner's HBO Max – which is being relaunched as Max – continues to feature the entire "South Park" library.

The lobbying comes amid a sustained effort by TikTok to play down fears raised by lawmakers who want to ban the app, which has 150 million monthly active users in the U.S. She defended the work of TikTok's team in Washington and said the company is trying to address lawmakers' privacy and safety concerns. At the furthest end of the extreme is the legislation from Hawley and Buck that simply seeks to ban TikTok outright by directing the president to block transactions with ByteDance. Hawley has not eased his campaign to ban TikTok. But after, "our phones were ringing off the hook," with the majority of callers voicing opposition to a TikTok ban.

☆ The TikTok CEO's day in Congress was a 'disaster' that means the app will still likely get banned or sold, Wall Street says
▼ + stars: | 2023-03-23 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

TikTok CEO Shou Zi Chew testified in front of US Congress, amid calls for a forced sale or ban. But after hours of grilling, the testimony likely had the opposite effect. A sale or ban of TikTok is still likelyWithout a radical shift in the conversation, the status quo is upheld. Which means that the same question is now being asked: Is TikTok more likely to be forced to sell, or will it be banned outright? "It's very possible that Congress advances these bills and, and passes them, but those bills won't ban TikTok," he said.

☆ The TikTok CEO's day in Congress was a 'disaster' that failed to prove a sale or ban isn't the only way forward, Wall Street says
▼ + stars: | 2023-03-23 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

TikTok CEO Shou Zi Chew testified in front of US Congress, amid calls for a forced sale or ban. But after hours of grilling, the testimony likely had the opposite effect. Thursday's hearing likely gave lawmakers even more fuel for the argument in favor of a sale or a ban. A sale or ban of TikTok is still likelyWithout a radical shift in the conversation, the status quo is upheld. "It's very possible that Congress advances these bills and, and passes them, but those bills won't ban TikTok," he said.

☆ Biden and Trump agree on at least one thing: Something has to be done about TikTok. But it's not that easy.
▼ + stars: | 2023-03-18 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

As the Biden administration pushes for a TikTok sale or ban, it's clear the idea has bipartisan support. We've been here before, when the Trump administration pushed TikTok to sell its US operations in much the same way. While the Biden administration's approach to TikTok has been slightly different, it's clear that lawmakers on both sides of the aisle support a TikTok ban. A bill to ban TikTok on federal devices passed in December with bipartisan support in Congress, and was then signed by President Biden. That's likely to happen on a wider scale if the Biden Administration pushed for an immediate ban, experts said.

☆ White House backs Senate bill to boost US ability to ban TikTok
▼ + stars: | 2023-03-07 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The bill gives the Commerce Department the ability impose restrictions up to and including banning TikTok and other technologies that pose national security risks, said Democratic Senator Mark Warner, who chairs the Intelligence Committee. He said it would also apply to foreign technologies from China, Russia, North Korea, Iran, Venezuela and Cuba. TikTok said in a statement that any "U.S. ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide." Warner said it was important the government do more to make clear what it believes are the national security risks to U.S. from the use of TikTok. McCaul said he thinks the full U.S. House of Representatives could vote on bill this month.

☆ Twelve U.S. senators back giving Commerce Secretary new powers to ban TikTok
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO:. Secretary of Commerce Gina Raimondo speaks during the High-Level Economic Dialogue Second Annual Meeting in Mexico City, Mexico September 12, 2022. REUTERS/Raquel Cunha/PoolWASHINGTON, March 7 (Reuters) - A bipartisan group of 12 U.S. senators will introduce legislation Tuesday that would give Commerce Secretary Gina Raimondo new powers to ban Chinese-owned video app TikTok and other foreign-based technologies if they pose national security threats, Senator Mark Warner said. "I think it is a national security threat," Warner said on CNBC, adding the bill would give Raimondo "the ability to do a series of mitigation up to and including banning" TikTok. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Push to give Biden new powers to ban TikTok moves ahead in Congress
▼ + stars: | 2023-03-07 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/2] TikTok app logo is seen in this illustration taken, August 22, 2022. A White House spokeswoman told Reuters the administration is "working with Congress" but declined to say if it would endorse the Senate legislation. Last week, the House Foreign Affairs Committee voted along party lines on a bill sponsored by Representative Michael McCaul to give Biden the power to ban TikTok after then President Donald Trump was stymied by courts in 2020 in his efforts to ban TikTok and WeChat. TikTok and CFIUS have been negotiating for more than two years on data security requirements. TikTok said it has spent more than $1.5 billion on rigorous data security efforts and rejects spying allegations.

The White House threw its support behind a new bipartisan Senate bill on Tuesday that would give the Biden administration the power to ban TikTok in the U.S. The White House issued a statement publicly endorsing the bill while Warner was briefing reporters. Sullivan's statement marks the first time a TikTok bill in Congress has received the explicit backing of the Biden administration, and it catapulted Warner's bill to the top of a growing list of congressional proposals to ban TikTok. As of Tuesday, Warner's legislation did not yet have a companion version in the House. "The RESTRICT Act is more than about TikTok," Warner told reporters "It will give us that comprehensive approach."

☆ New bipartisan Senate TikTok bill will be unveiled Tuesday
▼ + stars: | 2023-03-06 | by ( Christina Wilkie | ) www.cnbc.com time to read: +2 min

Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. WASHINGTON — A highly anticipated bipartisan Senate bill to give the president the authority to respond to threats posed by TikTok and companies like it will be unveiled Tuesday afternoon by Senate Intelligence Committee Chairman Mark Warner, a committee spokeswoman told CNBC. "TikTok is one of the potentials," that could be targeted by the bill, Warner said. Warner's bill comes nearly a week after the House Foreign Affairs Committee advanced a Republican-sponsored bill that aims to do much of the same thing. The House legislation passed the GOP-controlled committee 24-16 along party lines, with unanimous GOP support and no Democratic votes.

☆ Senators to launch bill that will help ban or prohibit foreign technology like TikTok
▼ + stars: | 2023-03-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Senate Intelligence Committee Chair Mark Warner, D-Va., said Sunday he is introducing a broad bipartisan bill this week that will outline an approach to banning or prohibiting foreign technology, like the popular video-sharing app TikTok. TikTok is a short-form video platform that is used by more than 100 million Americans. Warner's legislation comes after U.S. House Foreign Affairs Committee voted Wednesday to advance a bill that would grant President Joe Biden the authority to ban TikTok. The bill passed the Republican-controlled committee 24-16 along party lines, with unanimous GOP support and no Democratic votes. TikTok is no stranger to challenges from U.S. officials, as former President Donald Trump declared his intention to ban the app by executive action in 2020.

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