Washington Post Publisher Will Lewis Steps Down After Layoffs 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Instagram Outage Disrupts Thousands of U.S. Users 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
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.
