A federal judge in California on Monday granted a motion brought by 12 states for a temporary restraining order that prohibits Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) from consummating their merger.
The order remains in effect for 14 days.
Paramount Skydance and Warner Bros. didn't immediately reply to requests for comment from.
Price: $8.58, Change: $-0.18, Percent Change: -2.00%
Major digital assets were broadly weaker Friday, with Bitcoin (BTC-USD) down but still holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 1% in the past 24 hours. The Nasdaq fell 1.3%, the S&P 500 declined 0.9%, and the Dow Jones Industrial Average decreased 0.6%.Bitcoin fell 0.1% to $64,073, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 1.1% to $27.44 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, was down 1.5% to $1,842.XRP (XRP-USD) lost 0.5%, BNB (BNB-USD) fell 1.3%, and Solana (SOL-USD) decreased 0.9%. Dogecoin (DOGE-USD) dropped 0.7%, while Cardano (ADA-USD) rose 2.2%.The US 10-year Treasury yield stood at 5.064% at 3 p.m. ET Friday, down from 5.094% Thursday, while the five-year yield fell to 4.270% from 4.280%.The total market value of the cryptocurrency industry dropped 0.4% in the past 24 hours to $2.19 trillion, with trading volume increasing 2.4% to $65.41 billion.Price: $64125.86, Change: $+337.34, Percent Change: +0.53%
Apple (AAPL) is raising prices for Apple Music subscription plans, marking its first rate increase for the service since fall 2022, citing higher music licensing costs, multiple outlets reported Friday.The new pricing is effective in many markets worldwide, including the U.S., where the individual plan is rising to $11.99 per month from $10.99, according to the report.The family plan, covering up to six accounts, is increasing to $19.99 monthly from $16.99, while the student plan is rising to $6.99 from $5.99, the reports said.Price: $333.17, Change: $-0.09, Percent Change: -0.03%
ERock (EROC) shares rose 5.7% in Friday trading after BofA Securities upgraded the stock to buy from neutral.Trading volume stood at over 1.7 million shares compared with a daily average of about 2.8 million.Price: $10.74, Change: $+0.58, Percent Change: +5.76%