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Paramount may sell CNN to ease political pressure amid $111B Warner Bros. Discovery merger lawsuit.

Market News
13 Aug 2026
24/7 Wall Street
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Bearish
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Paramount Skydance faces a Sept. 30 deadline to settle a $111 billion merger deal with Warner Bros. Discovery, which includes CNN. The merger is challenged by 12 state attorneys general over antitrust concerns about film and cable market share, not CNN itself. Paramount is considering selling CNN to reduce political opposition, but this would not resolve the legal case. If unresolved, the deal incurs daily fees and could lead to a trial in March 2027, with Paramount planning to relocate operations out of California if no settlement is reached by the deadline.

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Acadia Healthcare shows revenue growth but faces profit pressure from rising labor costs, shares rated soft buy.

Acadia Healthcare shows revenue growth but faces profit pressure from rising labor costs, shares rated soft buy.

Acadia Healthcare, a leading behavioral healthcare provider with 279 facilities, continues to grow its revenue and patient base. However, profitability is challenged by increasing labor costs and a tight labor market. Despite higher debt levels and v...

Analyst Insights
Bullish
4 hours ago
Abraxas Capital builds $783M short positions on Hyperliquid, hedges with $173M ETH withdrawals

Abraxas Capital builds $783M short positions on Hyperliquid, hedges with $173M ETH withdrawals

Abraxas Capital, a London-based digital asset firm managing over $4 billion, has taken large short positions totaling around $783 million on Hyperliquid, including major tokens like ETH, Bitcoin, HYPE, and Solana. To hedge these short positions, the ...

Market News
Neutral
4 hours ago
Hyperliquid generates $6M fees in a day, surpassing top five blockchains combined

Hyperliquid generates $6M fees in a day, surpassing top five blockchains combined

Hyperliquid reported generating $6.2 million in fees in a single day, exceeding the combined fees of the top five blockchain networks. This surge reflects strong user activity and market interest, with its token HYPE valued between $79 and $81 and a ...

Protocol Fundamentals
Bullish
4 hours ago
Phantom wallet ends Sui support, users must migrate assets by Sept 24

Phantom wallet ends Sui support, users must migrate assets by Sept 24

Phantom wallet will stop supporting the Sui network on September 24, 2026, following a mutual agreement with the Sui team. Users have one month to move their Sui assets to other compatible wallets like Suiet or the official Sui Wallet, or swap them f...

Protocol Fundamentals
Neutral
4 hours ago
Bitcoin holders to receive new eCash tokens via phased hard fork starting August 2026

Bitcoin holders to receive new eCash tokens via phased hard fork starting August 2026

A new cryptocurrency called eCash (ECX) will be distributed to Bitcoin holders through a planned hard fork of the Bitcoin blockchain beginning around August 23, 2026. Developed by LayerTwo Labs, the fork will proceed in three stages—alpha, beta, and ...

Protocol Fundamentals
Neutral
4 hours ago
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