Paramount Global shares rise 2.07% premarket after FCC approves $8.4 billion merger with Skydance.

Paramount Global rose 2.07% in premarket trading, following the FCC's approval of Skydance's $8 billion acquisition of Paramount Global. This merger will place well-known brands like CBS, Paramount Pictures, and Nickelodeon under the ownership of Skydance boss David Ellison. The deal has been politically charged, with Donald Trump suing CBS News over unfavorable coverage, which was later settled for $16 million.