US Stock Market Moves | Paramount Global May Clear Acquisition Hurdles, Warner Bros. Discovery (WBD.US) Rises Over 10%

According to Jin Zhitong Finance APP, on Monday, Warner Bros. Discovery (WBD.US) opened higher and continued to rise. As of press time, the increase exceeded 10%, with a market value of approximately $77 billion. According to sources, Paramount Global has reached a settlement with California and other states attempting to block its acquisition of Warner Bros. Discovery, removing a major obstacle to the $110 billion deal. The relevant settlement agreement is expected to be officially announced later on Monday local time. If the settlement is ultimately implemented, it will eliminate one of the major legal hurdles facing this transaction.