Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Australian Household Spending Dips in December as RBA Tightens Policy 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Discovery and WarnerMedia finally closed their transaction for the merger. With the deal, the companies created a new media entity that will house leading media brands and offers unmatched entertainment and streaming worldwide.
The transaction will give Discovery control over some of the big names and brands in the media sphere, including CNN, Warner Bros., and HBO. The combination of WarnerMedia and Discovery will surely make them a global leader in their business area.
As reported by CNN Business, the deal was first announced in May of last year, and it was noted that the newly formed Warner Bros Discovery will now have many of the best and most well-known channels. Aside from the three mentioned networks, it also has Animal Planet, TLC, HGTV, TNT, and Turner Sports in its media assets portfolio.
The merger took effect late last week, and the operation of Warner Bros. Discovery will officially begin on Monday, April 11. The new company will also start to be publicly traded today. Employees will be combined, and an event for them will be held later this week.
In the agreement, AT&T will be receiving $43 billion in cash, WarnerMedia's retention of some debt, AT&T's stockholders will receive 71% stock of the new company, and debt securities. Apparently, Discovery's shareholders will own the remaining 29% shares.
"Today's announcement marks an exciting milestone not just for Warner Bros. Discovery but for our shareholders, our distributors, our advertisers, our creative partners and, most importantly, consumers globally," Warner Bros. Discovery's chief executive officer, David Zaslav, said in a press release.
He added, "With our collective assets and diversified business model, Warner Bros. Discovery offers the most differentiated and complete portfolio of content across film, television and streaming."
The chief further said that he and the entire team are confident that they can bring a variety of choices to consumers worldwide while also creating value for shareholders. Finally, Reuters reported that with the completion of WarnerMedia and Discovery Inc.'s merger late last week, their ticker symbol under Nasdaq will be "WBD." As mentioned earlier, they will start trading today.
