FINWIRES · TerminalLIVE
FINWIRES

Paramount Skydance Wins Conditional EU Approval for Warner Bros. Discovery Deal

By

Paramount Skydance (PSKY) won conditional approval from the European Commission for its acquisition of Warner Bros. Discovery (WBD), the regulator said in a statement.

The deal raised concerns about reduced competition in theatrical film distribution because Paramount jointly controls United International Pictures with Universal, the commission said in a press release dated Wednesday.

To address those concerns, Paramount agreed to sell its stake in UIP within 13 months of closing and to refrain from co-distributing films with Universal in EU member states for 10 years. It also committed not to shift Warner's or its own film distribution in ways that would expand overlap with Universal, the commission said.

Price: $8.79, Change: $+0.26, Percent Change: +2.99%

Related Articles

Wire

Update: Lynas Rare Earths Fiscal Q4 Sales Revenue Jumps 70%; Shares Fall 6%

(Updates to add stock movement in the headline and the last paragraph)Lynas Rare Earths (ASX:LYC) reported fiscal fourth-quarter gross sales revenue of AU$288.9 million, up 70% from a year earlier and the highest quarterly revenue achieved since the fourth quarter of fiscal 2022, according to a Wednesday filing with the Australian bourse.The company also reported total rare earth oxide production of 3,481 tonnes for the three months ended June 30, up from 3,212 tonnes in the year-ago period, per the filing.Cash payments for capital expenditure, exploration, and development hit AU$27.8 million, compared with AU$88.1 million a year earlier.Lynas Rare Earths said it achieved production of its first Samarium oxide in March and expects to fulfill initial customer orders in the current quarter.The company's shares fell around 6% in recent Wednesday trade.

ASX:LYC
Wire

Rocket Lab Wins $266 Million Air Force Contract for Suborbital Launch

Rocket Lab (RKLB) was awarded a $266 million firm-fixed-price completion contract for suborbital launch vehicles, the US Department of Defense said Tuesday.Work for the Air Force project is expected to be completed by Dec.31, 2028, according to a statement.

$RKLB
Wire

Top Cryptocurrencies Rise; Bitcoin Tops $66,000 Level

Major digital assets rose Tuesday, with Bitcoin (BTC-USD) topping the $66,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.7% in the past 24 hours. The Nasdaq 100 rose 2%, the S&P 500 added 0.9%, and the Dow Jones Industrial Average increased 0.7%.Bitcoin rose 2.1% to $66,425, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 4.2% to $29.31 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed up 1.4% to $1,923.XRP (XRP-USD) gained 3.8%, BNB (BNB-USD) rose 0.2%, and Solana (SOL-USD) added 0.5%. Dogecoin (DOGE-USD) gained 2.1%, while Cardano (ADA-USD) surged 2.3%.The US 10-year Treasury yield stood at 5.141% at 3 p.m. ET Tuesday, up from 5.122% Monday, while the five-year yield rose to 4.368% from 4.330%.The total market value of the cryptocurrency industry rose 1.5% in the past 24 hours to $2.26 trillion, with trading volume gaining 0.1% to $69.64 billion.Price: $66439.62, Change: $+1225.52, Percent Change: +1.88%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD