The Rundown WBD Rejects Paramount Bid, Amazon in Talks to Invest $10B in OpenAI
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Dec 17, 2025 Warner Bros. Discovery has turned down a $30 billion bid from Paramount, opting for a deal with Netflix instead. Meanwhile, Amazon is in talks to invest over $10 billion in OpenAI, hinting at a massive valuation for the AI company. DBV Technologies celebrates a successful trial for its peanut allergy treatment, while housing giant Lennar faces challenges with declining profits. Lastly, Waymo has reached a staggering valuation of $100 billion, signaling exciting potential in the tech market.
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Why Oil Is So Cheap — For Now
- Oil prices hit four-year lows under $55 per barrel due to oversupply and weak demand, especially from China.
- A US-ordered tanker blockade on Venezuela could push prices higher amid potential supply disruption.
CPI Update Coming Tomorrow
- The November CPI release is imminent and economists expect a 3.1% year-over-year reading.
- That inflation data will be central to markets and will be analyzed on the next episode.
Why Warner Bros. Picked Netflix
- Warner Bros. Discovery prefers Netflix's offer because it views Netflix as a financially reliable buyer with locked funds.
- The board doubts Paramount's $30/share bid due to opaque, revocable funding and pulled back investors.