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☆ CNBC Daily Open: French left-wing shock victory, Boeing guilty plea
▼ + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Kolanovic wasn't the only Wall Street strategist to be caught out by the bull run — but rival banks have incrementally increased their calls.

Persons: Skydance, David Ellison, Marko Kolanovic, Kolanovic, Lori Calvasina, Calvasina, Tesla, Tom Narayan, Squawk, Narayan, Tom Sosnoff, Bill Ackman, Warren Buffett, Sosnoff, — CNBC's Pia Singh, Alex Harring, Holly Ellyatt, Ruxandra Iordache, Ryan Browne, Samantha Subin, Lim Hui Jie, Leslie Josephs Organizations: New York Stock Exchange, CNBC, Nvidia Nvidia, Wall, Paramount, Skydance Media, Paramount Global, Hollywood, Boeing, Justice Department, JPMorgan, RBC Capital Markets, RBC Locations: Hollywood

☆ Meet David Ellison, Larry Ellison's son who is about to take over at Paramount
▼ + stars: | 2024-07-08 | by ( Paige Bruton | ) www.businessinsider.com time to read: +1 min

David Ellison's Skydance Media finally struck a merger deal with Paramount Global on Sunday. Ellison is the 41-year-old son of Oracle cofounder Larry Ellison, who is worth almost $160 billion. AdvertisementDavid Ellison is set to become CEO of Paramount after Skydance Media finally agreed a deal late Sunday after months of talks. The 41-year-old founded Skydance back in 2006 with some help from his father Larry Ellison, the Oracle cofounder who's now worth almost $160 billion according to the Bloomberg Billionaires Index. The merger deal values Skydance at $4.75 billion.

Persons: David Ellison's Skydance, Skydance, Ellison, Larry Ellison, —, David Ellison, who's Organizations: David Ellison's Skydance Media, Paramount Global, Service, Paramount, Skydance Media, Oracle, Bloomberg, Business

☆ Stocks making the biggest moves midday: Paramount Global, Morphic Holding, Ideaya Biosciences and more
▼ + stars: | 2024-07-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Skydance and its financial backers will invest more than $8 billion into Paramount and to acquire National Amusements, Paramount's controlling shareholder. Morphic Holding – Shares rallied 75% on news that Eli Lilly will acquire the biopharmaceutical company in a $3.2 billion deal . The deal will give Eli Lilly access to Morphic's portfolio of treatments in development, such as those for ulcerative colitis and Crohn's disease. Shares of Eli Lilly advanced 1.3% on the news. Boeing – Shares fell slightly after the airplane maker agreed to plead guilty to criminal fraud related to the fatal 737 Max crashes, sparing Boeing from a trial.

Persons: Eli Lilly, BofA, Corning, Guggenheim, Max, Grayson, Raymond James, Samantha Subin, Pia Singh, Hakyung Kim, Sarah Min, Michelle Fox Organizations: Paramount Global, Skydance Media, Skydance, Paramount, National, Morphic, Ideaya Biosciences, Bank of America, Boeing –, Boeing, ., CNBC, Devon Energy, Gilead Sciences Locations: Columbia, Stifel, Williston, Gilead

☆ Paramount Global merges with Skydance, creating 'New Paramount'
▼ + stars: | 2024-07-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Paramount Global's board approved a merger with Skydance on Sunday. This marks the end of a tumultuous deal process and a new era for the troubled media giant. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementParamount Global, the troubled media giant that owns CBS and Nickelodeon, has agreed to merge with David Ellison's Skydance Media production company, creating "New Paramount," the companies announced late Sunday evening. The announcement marks the end of a shaky dealmaking process and a new chapter for Paramount.

Persons: Skydance's David Ellison, —, David Ellison's Organizations: Paramount, Skydance, Service, CBS, Nickelodeon, Media, Business

☆ Paramount Global agrees to merge with Skydance: reports
▼ + stars: | 2024-07-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Paramount Global's board approved a merger with Skydance on Sunday, multiple outlets reported. This marks the end of a tumultuous deal process and a new era for the troubled media giant. AdvertisementParamount Global, the troubled media giant that owns CBS and Nickelodeon, has agreed to merge with David Ellison's Skydance Media production company, according to multiple reports. Spokespeople for Paramount and Skydance did not immediately return a request for comment from Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, David Ellison's, Spokespeople, Skydance Organizations: Paramount, Skydance, Service, CBS, Nickelodeon, Media, New York Times, Business

☆ Paramount agrees to merge with Skydance
▼ + stars: | 2024-07-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Paramount Global will merge with Skydance, capping off a months-long negotiation that included various twists and turns, and will see the Redstone family step away from control of the storied movie studio and media company. Paramount's special committee agreed to the merger on Sunday, days after Shari Redstone's National Amusements, the controlling shareholder of Paramount, once again reached a preliminary agreement with Skydance. The latest iteration of the deal will see the buying consortium, which includes RedBird Capital Partners and KKR, invest more than $8 billion into Paramount and to acquire National Amusements. The deal gives National Amusements an enterprise value of $2.4 billion, which includes $1.75 billion in equity. A completed Skydance merger would mark a major shift for the ownership of Paramount, as well as for Hollywood as a whole.

Persons: Shari Redstone's, it's, Jeff Shell, Ellison, Forrest, —, David Ellison, Skydance, Larry Ellison Organizations: Paramount Studios, Paramount, Skydance, RedBird Capital Partners, KKR, National, Shell, Hollywood, CBS, MTV, Nickelodeon, Oracle Locations: Los Angeles , California

☆ Stocks making the biggest moves premarket: Paramount, SolarEdge, Morphic Holding and more
▼ + stars: | 2024-07-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Morphic Holding — Shares surged more than 75% on news that Eli Lilly will acquire the biopharma company in a $3.2 billion deal . The deal will give Eli Lilly access to Morphic's portfolio of treatments in development, such as those for ulcerative colitis and Crohn's disease. Eli Lilly shares inched up 0.2% on the news. SolarEdge — The energy company rose 5% after Bank of America upgraded shares to neutral from underperform, citing an attractive entry point for investors. Gilead — Shares of the biotech stock rose more than 2% after an upgrade to outperform from market perform at Raymond James.

Persons: Eli Lilly, SolarEdge, Guggenheim, ServiceNow, John DiFucci, Baird, Gilead —, Raymond James, Gilead, Sarah Min, Jesse Pound, Michelle Fox, Yun Li Organizations: Paramount, Skydance Media, Bank of America, PNC, UBS, KeyCorp, Columbia, —

☆ Paramount media empire agrees to merge with Skydance, ending Redstone control
▼ + stars: | 2024-07-08 | by ( Jon Passantino | Liam Reilly | ) edition.cnn.com time to read: +5 min

CNN —Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media, ending years of speculation over the company’s fate. The complicated transaction will see Skydance first buy National Amusements, then merge with Paramount, valuing Skydance at $4.75 billion. The combined company will be helmed by Ellison as chief executive and former NBCUniversal chief Jeff Shell as president. The deal caps a tumultuous and protracted saga that began in December, with the two companies entering into exclusive negotiations in April, resulting in the ouster of longtime Paramount chief executive Bob Bakish. In the meantime, the company has been run by a triumvirate of leaders: Brian Robbins, chief executive of Paramount Pictures; Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios; and George Cheeks, chief executive of CBS.

Persons: —, David Ellison’s Skydance, Ellison, Shari Redstone’s, Sumner Redstone, Jeff Shell, Bob Bakish, Brian Robbins, Chris McCarthy, George Cheeks, Robbins, “, ” Robbins, David Ellison, Larry Ellison, ” Redstone, Paramount’s Organizations: CNN, Paramount, CBS, MTV, David Ellison’s Skydance Media, Amusements, National, Paramount Pictures, Showtime, MTV Entertainment Studios, Comedy Central, Netflix, BET, Sony Pictures, Apollo Global Management, Sony, Apollo, Redstone, Skydance Media

☆ Paramount and Skydance just agreed to a takeover. But media's messiest deal isn't over yet.
▼ + stars: | 2024-07-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Paramount agreed to merge with Skydance Media after tumultuous acquisition talks. But the Hollywood megamerger may face FTC scrutiny. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementParamount, the media giant that owns Nickelodeon and MTV, has finally agreed to a deal with Skydance Media, the companies said late Sunday. The deal includes an acquisition of National Amusements, which holds the controlling stake in Paramount, and a merger of Skydance and Paramount Global.

Persons: Lina Khan, —, Shari Redstone, David Ellison Organizations: Paramount, Skydance Media, Hollywood, FTC, Service, Nickelodeon, MTV, National Amusements, Paramount Global Locations: Skydance

☆ Stocks making the biggest moves premarket: Paramount, Tesla, Constellation Brands and more
▼ + stars: | 2024-07-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — The electric vehicle maker rose nearly 3% , a day after posting stronger-than-expected delivery numbers for the second quarter. Shares popped 10% during Tuesday's session. Constellation Brands — The beer and wine stock rose more than 2% after a better-than-expected earnings report. Southwest Airlines — Shares were fractionally lower after the airline carrier announced it had adopted a shareholder rights plan. Shares dipped about 1% during Tuesday's session.

Persons: Tesla, LSEG, Eli Lilly, — CNBC's Lisa Han, Jesse Pound, Sarah Min Organizations: Paramount, Paramount Global, Skydance Media, The New York Times, Wall Street Journal, Constellation Brands, Constellation, Southwest Airlines —, Elliott Investment Management, Food and Drug Administration, MGM Resorts, MGM Resorts International

☆ Stocks making the biggest moves midday: Paramount Global, Tesla, MGM Resorts and more
▼ + stars: | 2024-07-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Paramount Global's special committee is reviewing and voting on the agreement , CNBC reported, citing a person familiar with the matter. Tesla — The electric vehicle company jumped another 6%, bringing its week-to-date gains to 24%. Constellation Brands — Shares of the beer and wine company fell 2.5% after its first-quarter sales came in just below expectations. Silver miners were up 4.3% on Wednesday and on pace for their best day since May 17, while gold miners were up 3.76% and on pace for their best day since March 20. Copper miners also gained 4%, tracking for their best day since May 17.

Persons: Tesla, Dan Ives, LSEG, Jerome Powell, —, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox, Gina Francolla Organizations: Paramount, Skydance Media, National Amusements, CNBC, Elon, MGM Resorts, MGM, Constellation, U.S, Federal, Constellation Energy, Reuters, Pennsylvania Locations: Tuesday's

☆ Stock futures are little changed after S&P 500 closes above 5,500 level: Live updates
▼ + stars: | 2024-07-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange on June 24, 2024. During Tuesday's main trading session, the broad market index rose 0.62% to close above 5,500 for the first time. U.S. stock futures traded near the flatline Wednesday morning after the S&P 500 closed above 5,500 for the first time. As the S&P 500 continues to climb, concern is growing across Wall Street that the narrow leadership of the rally is not sustainable for much longer. The New York Stock Exchange closes early at 1 p.m.

Persons: Jerome Powell, Scott Chronert, Chronert Organizations: New York Stock Exchange, Nasdaq, Dow, Paramount Global, Wall Street, The New York Times, Skydance Media, Federal Reserve, Citi Research, P Global U.S, Services, ISM, The New York Stock Exchange, Independence Locations: U.S

☆ CNBC Daily Open: 'Roaring Kitty' gets chewed up
▼ + stars: | 2024-07-02 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock exchange during morning trading on Nov. 10, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. AI momentumWall Street kicked off the second half of the year with modest gains, propelled by continued strength in megacap stocks. Boeing, Spirit upShares of Boeing and Spirit AeroSystems rose 2.58% and 3.35% respectively after Boeing agreed to buy back fuselage maker Spirit in a $4.7 billion all-stock deal.

Persons: Keith Gill, Gill, Paris . Hurricane Beryl Cruise, Tom Lee, Lee Organizations: New York Stock, CNBC, Dow Jones, Nasdaq, Microsoft's, Paramount, Warner Bros ., Netflix, Securities and Exchange Commission, Wall, Boeing, Airbus, Paris . Hurricane, Norwegian Cruise, Royal Locations: New York City, U.S, Chewy, Belfast , Wichita, North Carolina, Paris ., Grenada, Norwegian, Royal Caribbean, Mt

☆ Media mogul Barry Diller weighs a bid to gain control of Paramount
▼ + stars: | 2024-07-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Media mogul Barry Diller is taking a look at acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount, CNBC's David Faber reported on Tuesday. Diller's IAC , an internet media and publishing company, has signed a nondisclosure agreement and is looking in the data room of National Amusements, Faber said Tuesday. These discussions come weeks after National Amusements stopped talks with Skydance on a proposed merger with Paramount. National Amusements, which Redstone controls, holds 77% of class A Paramount shares. Prior to calling off the proposed merger, National Amusements had agreed to financial terms of the deal, CNBC reported.

Persons: Barry Diller, Shari Redstone, CNBC's David Faber, Faber, Skydance, David Ellison's Skydance, RedBird Organizations: Paramount Global, Media, National Amusements Inc, Paramount, Diller's IAC, Amusements, IAC, National, RedBird Capital, KKR, National Amusements, CNBC Locations: Redstone

☆ Paramount is hunting for a streaming partner, could kick off a wave of deals
▼ + stars: | 2024-07-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Paramount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform. One of the companies that has expressed a desire to reach a deal is Warner Bros. Warner Bros. Discovery held preliminary merger talks for a deal for all of Paramount Global earlier this year, but talks didn't escalate. Warner Bros.

Persons: Chris McCarthy, McCarthy, hasn't, Max, NBCUniversal, Peacock Organizations: Paramount Global, Paramount, Warner Bros, Netflix, Hulu, ESPN, Discovery, CNBC, U.S, Wall Street Journal

☆ Paramount+ to increase prices for its streaming plans
▼ + stars: | 2024-06-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The price increase takes effect on Aug. 20 for new customers for both plans. Existing Paramount+ with Showtime customers will see the price increase hit on or after Sept. 20. Paramount executives had said publicly on multiple occasions they see a lot of opportunities to increase the price of streaming services. Paramount said in April it had added 3.7 million Paramount+ subscribers during the first quarter, bringing the total to 71 million. The price increase comes after National Amusements earlier this month stopped discussions with Skydance on a proposed merger with Paramount.

Persons: —, Comcast's NBCUniversal, Peacock, Shari Redstone, David Ellison's Skydance, George Cheeks, Chris McCarthy, Brian Robbins, Skydance didn't Organizations: Paramount, Showtime, Summer, NBC, Warner Bros . Discovery, National, CBS, Paramount Media Networks, Paramount Pictures, Comcast, CNBC Locations: NBCUniversal

☆ Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster's and more
▼ + stars: | 2024-06-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts polled by LSEG expected earnings of $10.84 per share and revenue of $12.03 billion. Signet Jewelers – Shares plummeted more than 13% on the heels of the company reporting mixed earnings results for the first quarter. Analysts polled by FactSet had expected earnings of 85 cents per share and revenue of $1.52 billion. The company reported revenue of $588 million, which is below the $621 million analysts had expected, per LSEG. Analysts had expected earnings of $2.68 per share and revenue of $404.8 million, according to FactSet.

Persons: LSEG, Signet, FactSet, Buster's, Tommy Bahama, Clark, Elon Musk, Oppenheimer, Ulta, Generac, Janney Montgomery Scott, Sean Milligan, Alex Harring, Michelle Fox, Sarah Min, Darla Mercado Organizations: Broadcom –, Computer, Arista Networks, Nvidia, Signet, Company, Galactic, Oxford Industries, Bank of America, Ford, Barclays, Paramount, Amusements, Paramount Global, Warner Bros, –, Liberty Global Locations: Texas

The streaming giant has been reaching out to broadcasters this week in the hopes of finding a partner to produce the NFL games it will air on Christmas Day this year, according to people familiar with the matter. Netflix will show two games on Christmas Day this year, followed by at least one matchup in both 2025 and 2026, the company announced last month. Unlike WWE, Netflix's deal for Christmas NFL games doesn't come with a full production team. That's because Netflix could be auditioning as a future long-term media rights partner for NFL games in place of a legacy media company, such as Paramount, Fox or NBC. Representatives for Netflix, the NFL, NBCUniversal, CBS, ESPN and Fox declined to comment.

Persons: Brock Purdy, doesn't, That's, Comcast's NBCUniversal, There's, NBCUniversal Organizations: San Francisco 49ers, Kansas City Chiefs0, Netflix, WWE, NFL, ESPN, Paramount, CBS, Disney, Fox, CBS Sports, NBC Locations: Las Vegas , Nevada

☆ Why Shari Redstone called off talks with David Ellison’s Skydance on Paramount deal
▼ + stars: | 2024-06-12 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

After weeks of endless speculation about the future of Paramount Global, and more than half a year of grueling negotiations, the heiress called off talks with David Ellison’s Skydance Media, astonishing the industry and raising questions about the future of her family-controlled media empire. Why Redstone ultimately vetoed the deal is now up for discussion. Chief among them was whether the deal should have been subject to approval from a majority of the minority shareholders. And tried they did over the last several months, with the negotiations claiming several high-profile casualties along the way. Over the course of the last few months, Bob Bakish was ousted as chief executive of Paramount Global and four directors resigned from the company’s board.

Persons: Shari Redstone, David Ellison’s Skydance, Sumner, Skydance, Ellison, Charles Phillips, “ Shari, Bob Bakish, ”, Brian Robbins, George Cheeks, Chris McCarthy, NAI Organizations: New York CNN, Paramount Global, Amusements Inc, CNN, Redstone, Redbird Capital, Paramount’s Office, Company’s, Directors, Paramount, “ Locations: New York

Mario Anzuoni | ReutersNational Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what's next for the legacy media giant during a tumultuous period for the industry. Bob Bakish stepped down from the top post in April and was replaced by the so-called Office of the CEO: CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy and Paramount Pictures CEO Brian Robbins. The deal had been awaiting signoff from Redstone, who owns National Amusements, the controlling shareholder of 77% of class A Paramount shares. National Amusements also voiced its support for Paramount's current leadership. In recent days, other potential bidders for National Amusements emerged, according to reports.

Persons: Mario Anzuoni, what's, Bob Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Jessica Reif, Ehrlich, Paramount's, Skydance, Redstone Organizations: Paramount Studios, Reuters National Amusements, Paramount Global, Paramount, CBS, Paramount Media Networks, Paramount Pictures, BofA Securities, CNBC, Amusements, RedBird Capital, KKR, Redstone, National Amusements, Apollo Global Management, Sony Locations: Los Angeles, Redstone

☆ Larry Ellison is $19 billion richer after Oracle shares rally the most since 2021
▼ + stars: | 2024-06-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. Oracle Chairman Larry Ellison is almost $19 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, lifting the stock to its sharpest rally since 2021. Ellison owns about 1.15 billion Oracle shares, equal to around 42% of the company's outstanding stock. Oracle shares soared 13% on Wednesday to a record $140.38, their best day since Dec. 10, 2021. Oracle said its database will become available on Google's public cloud and that OpenAI will be able to use Microsoft's cloud-based AI tools atop Oracle's cloud infrastructure.

Persons: Larry Ellison, Ellison, Mark Zuckerberg, Bernstein, Elon Musk, Skydance, David Ellison Organizations: Oracle Corp, Oracle, Forbes, Bank of America, Barclays, JPMorgan, UBS, Street Journal, Indian Wells Tennis Garden, Tesla, Paramount Global Locations: San Francisco, California , Florida, Lanai, California

☆ Competing bids for Paramount: What's next for the company?
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompeting bids for Paramount: What's next for the company? Matt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the competing bids for Paramount after news of former head of Warner Music Edgar Bronfman Jr. expressing interest in a bid for Paramount Global, what's next for Paramount, and more.

Persons: Matt Belloni, Puck, Warner Music Edgar Bronfman Jr, what's Organizations: Paramount, Warner Music, Paramount Global

☆ National Amusements stops discussions with Skydance on Paramount deal, sources say
▼ + stars: | 2024-06-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

National Amusements has stopped talks with Skydance on a proposed merger with Paramount Global , CNBC's David Faber reported Tuesday. The deal had been awaiting signoff from Redstone, CNBC previously reported. She has approved of their ideas and leadership during their short tenure, CNBC previously reported. This is why it was no surprise when Paramount and Skydance agreed to merger terms earlier in June, CNBC reported. Under those terms, which were still being ironed out up until Tuesday, Redstone would have received $2 billion for National Amusements, CNBC reported.

Persons: Skydance, CNBC's David Faber, Shari Redstone, David Ellison's Skydance, Spokespeople, Redbird, It's, George Cheeks, Chris McCarthy, Brian Robbins, Bob Bakish, Paramount's Organizations: Paramount Studios, Amusements, Paramount Global, Paramount, RedBird Capital, KKR, CNBC, National Amusements, Street, CBS, Paramount Media Networks, Paramount Pictures, Redstone, Apollo Global Management, Sony, Skydance Locations: Los Angeles , California, Redstone

The current leadership of Paramount Global presented a go-forward plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen. Redstone has been supportive of the Office of the CEO leadership team that has run the company since former CEO Bob Bakish stepped down in late April. The plan that Paramount Global shareholders are hearing on Tuesday will essentially serve as Redstone's alternate option if she chooses not to sell. "We'll be thoughtful with how we deploy capital, with our world-class content being the priority," said Robbins during the presentation Tuesday. On Tuesday, Robbins said the company has been "aggressively exploring all options" when it comes to partnerships with other streamers.

Persons: George Cheeks, Chris McCarthy, Brian Robbins —, —, David Ellison's, Shari Redstone, Bob Bakish, Robbins, Cheeks, McCarthy Organizations: Paramount, SAG, Paramount Global, CBS, Paramount Media Networks, Paramount Pictures, Media, RedBird Capital, KKR, CNBC, Amusements Locations: Los Angeles , California, U.S

☆ Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
▼ + stars: | 2024-06-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Waste Management , Stericycle — Waste Management is buying Stericycle for $7.2 billion , the companies announced on Monday. Stericycle shares jumped nearly 15%, while Waste Management slid 4%. Spotify — The music streaming company climbed 4% following its announcement of premium subscription price increases in the U.S. in July. Lattice Semiconductor , Coherent — Lattice shares dove 11% after CEO Jim Anderson left to take the helm at Coherent, whose stock price jumped 17%. Krispy Kreme — Shares of the company rose 2% after it was upgraded to overweight at JPMorgan.

Persons: Keith Gill, Gill, Stericycle, CNBC's David Faber, Skydance, Shari Redstone, Jim Anderson, Esam, Dickinson, Edwards, Narendra Modi, Claudia Sheinbaum, Cava, Blackwell, Krispy Kreme, Masimo, Piper, Piper Sandler, Goldman Sachs, Goldman, — CNBC's Sean Colon, Yun Li, Pia Singh, Michelle Fox, Christina Cheddar, Berk Organizations: GameStop, DeepF, AMC, New York Stock Exchange, Waste Management, Spotify, GSK, Court, Paramount Global, Lattice Semiconductor, Company, Bloomberg News, JPMorgan, Nvidia, AMD, Bank of America, Therapeutics, Autodesk Locations: U.S, Swedish, Delaware, Becton, India, Mexico

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