Mattel, Inc. MAT

Nike touched a multi-year low ahead of earnings, DraftKings dropped on betting and competition concerns, and Mattel said its CEO will step down.

A California federal judge signed off on a state antitrust settlement, opening the path for Paramount Skydance to finalize its $110 billion buyout of Warner Bros. Discovery.

Paramount Skydance chair and CEO David Ellison said Wednesday that longtime Mattel CEO Ynon Kreiz will become co-CEO of the soon-to-be combined Paramount-Warner Bros. Discovery.

A federal judge on Wednesday approved a settlement between Paramount and a group of US states that clears the way for its takeover of Warner Bros."Bringing together Paramount and Warner Bros.

Moderna falls after Citi downgrades shares to Sell from Hold, saying its recent rally has gone too far.

A federal judge has granted Paramount’s settlement agreement with 12 states that sued over the company’s takeover of Warner Bros. Discovery, allowing the companies to soon close their $81 billion mega merger. In a Wednesday order, U.S. District Judge Araceli Martínez-Olguín ruled that the proposed consent decree was a “fair, reasonable, and good faith approach to address the competitive harms” alleged by the states' lawsuit. Paramount, which was bought by Skydance just last year, previously called the antitrust challenge the last hurdle ahead of closing its Warner merger.

Paramount Skydance (PSKY) has reportedly tapped Mattel's (MAT) outgoing chief executive Ynon Kreiz to become the media giant's co-CEO. Kreiz announced on Wednesday that he will step down from his role at Mattel, effective October 2.

Paramount Skydance Corporation (NASDAQ: PSKY) (the "Company") today disclosed that David Ellison has announced Ynon Kreiz as Co-CEO of the anticipated merged company, effective at closing. Kreiz, who will start at Paramount, effective October 5, 2026, joins Ellison from Mattel, a leading global play and family entertainment company where he has served as Chairman and CEO since 2018, leading an unprecedented transformation of the business and the execution of its multi-platform, brand-centric str

Mattel stock dropped to its lowest level in nearly six years on Wednesday after the toy company announced CEO Ynon Kreiz would step down ahead of the holiday season. Shares of Mattel fell 4.7% to $12.60, on pace for their lowest close since hitting $12.45 on Oct. 21, 2020, according to Dow Jones Market Data. Mattel said Kreiz will step down as chairman and CEO effective Oct. 2 to take a senior leadership position at another public company.