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Paramount to Settle Lawsuits Over Merger; Accenture Gains on Anthropic Pact; HP Falls
Published 2 weeks ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Paramount (PSKY) has reached a settlement with California and other states suing to block its proposed acquisition of Warner Bros., according to a person familiar with the matter. Settlement talks came to fruition over the weekend after four states that had opposed terms of a deal outlined with California conceded, said the person. The settlement, which is expected to be announced later today, paves the way for one of the largest mergers in Hollywood history.
- Accenture (ACN) shares are up after Anthropic partnered with the technology consulting company to test the safety of its advanced artificial intelligence models. While analysts are positive on the news, they don’t see much near-term impact to financials.
- HP (HPQ) shares are down after the technology hardware company said its preliminary planning assumption is that industry-wide personal computer unit volumes will decline roughly mid-single-digits in percentage terms in 2027.
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