On this episode of Stock Movers:
- President Donald Trump raised potential antitrust concerns around Netflix’s (NFLX) planned $72 billion acquisition of Warner Bros. Discovery Inc., noting that the market share of the combined entity may pose problems. Trump’s comments, made as he arrived at the Kennedy Center for an event on Sunday, may spur concerns regulators will oppose the coupling of the world’s dominant streaming service with a Hollywood icon. The company faces a lengthy Justice Department review of a deal that would reshape the entertainment industry.
- Tesla (TSLA) shares fall as Morgan Stanley downgrades the electric-car maker to equal-weight from overweight, saying non-auto catalysts priced into the stock.
- International Business Machines (IBM) is in advanced negotiations to acquire data infrastructure firm Confluent for around $11 billion, the Wall Street Journal reported, citing people familiar with the matter
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