Paramount Skydance and Warner Bros. Discovery merger: Investors react after last major hurdle clears

Shares in both Paramount Skydance and Warner Bros. Discovery have received a significant boost over the past 24 hours after multiple states agreed to settle a lawsuit seeking to block the merger between the two Hollywood giants. The now-settled suit was the last major hurdle to Paramount’s takeover of Warner Bros. Discovery, which is now on track to close by the end of the month. Here’s what you need to know. What’s happened? Yesterday, California Attorney General Rob Bonta annou...