Sony in Talks to Takeover Media Company

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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were lower on Friday. Investors were spooked after initial reports that Israel had attacked an Iranian city. With little detail about the actual strike, the prices of oil and gold jumped as stocks and treasury yields sank. The markets were already under pressure as uncertainty over interest-rate cuts further dampened spirits.

Here’s a look at the top-moving stocks this morning.

Paramount Global (NYSE: PARA)

Paramount Global is up 10.76% in premarket trading after The New York Times said that Sony’s sub division is in talks with Apollo Global Management about joining a bid for Paramount. As part of the deal, Sony would offer cash for all outstanding Paramount Global shares and take the company private.

Netflix, Inc. (Nasdaq: NFLX)

Netflix is down 6.31% in premarket despite a stellar earnings report. The streaming video service said it would stop providing Wall Street’s favorite data point for tracking business, which led to the stock falling. The company also provided full-year guidance that came as a slight disappointment to investors.

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