Stock Market Update
13-Jul-26 12:35 ET
States file to block Paramount Skydance acquisition
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[BRIEFING.COM] The S&P 500 (-0.7%), Nasdaq Composite (-1.3%), and DJIA (-0.5%) are charting session lows just after midday.
CNBC reports that 12 state attorneys general have filed a lawsuit attempting to block Paramount Skydance's (PSKY 9.68, +0.28, +2.92%)acquisition of Warner Bros. Discovery (WBD 27.26, +0.67, +2.52%) on antitrust grounds. The deal was previously approved by the Antitrust Division of the U.S. Department of Justice, though the merger is also still being reviewed by the European Union.
