Warner Bros. Discovery Stock News

David Zaslav wants a bidding war for his media conglomerate — and investors say “bring it on!”

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Shares of two entertainment giants pushed higher for a second straight day as investors weighed the possibility of a takeover bid, while vaccine makers came under pressure following a report that health officials from the Trump administration seek to link COVID-19 vaccines with child deaths.

Here are some of the major companies whose stocks moved on the week's news.

The dust has barely settled on the Paramount Skydance merger but the newly merged media company reportedly has another merger in its sights. The David Ellison-led company reportedly wants to buy Warner Bros.

U.S. equities were mixed and little changed at midday after all three major indexes set all-time highs yesterday on optimism about Federal Reserve interest-rate cuts. The S&P 500 rose, the Dow Jones Industrial Average fell, and the Nasdaq was little changed.

Zaslav met earlier this week with his bankers at Goldman Sachs to gauge bidding interest from other media and tech outfits – including Amazon, Apple and Netflix.

Shares of Warner Bros. Discovery (WBD) shot up for a second straight session Friday on reports rival Paramount Skydance (PSKY) was preparing to make a bid to take over its media rival.