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California Cancels Paramount-WBD Negotiations. The Stocks Are Moving.

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California Attorney General Rob Bonta called off planned talks with Paramount executives regarding the lawsuit that is blocking the studio’s effort to merge with Warner Bros. Discovery. Paramount Skydance (PSKY) stock dropped almost 2% on Monday morning. Meanwhile, Warner Bros. Discovery (WBD) rose more than 1%. WBD is nearing a buy point in an eight-month base, according to MarketSurge. Talks…

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