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Closing Bell: Paramount Rallies After Settling Lawsuits, Intel Soars, UPS Slips
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Tim Stenovec.
- Paramount-Skydance (PSKY) has settled lawsuits brought by 12 state attorneys general and the Writers Guild trade union, a move that will allow the company to close its historic $110 billion acquisition of Warner Bros. Discovery Inc. Shares of Paramount and Warner Bros. both jumped on Monday after Bloomberg News first reported that a settlement had been reached, with Warner now trading very close to the $31-a-share acquisition price.
- Shares of chip-related companies like Intel (INTC) and AMD (AMD) soared Monday as early signs of success for Meta Platforms' new artificial intelligence agent sparked a wave of enthusiasm around demand for the chips needed to power such agents. Shares of Advanced Micro Devices (AMD) jumped 10% to close above $1 trillion in market value for the first time. Intel gained 12%, Arm (ARM) climbed 17% and the Philadelphia Semiconductor Index rallied 4.3% to notch its fifth straight session of gains.
- UPS (UPS) shares were lower in trading today after Bank of America analyst Ken Hoexter lowered his price target on the stock, as well as his 2026 and third-quarter revenue estimates for the company. He also cut his 2026 earnings per share estimates.
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