Boeing surges after Lutnick says the UK is about to announce a $10 billion order

Boeing climbed 3.3% on Thursday, following comments made by Commerce Secretary Howard Lutnick that the UK would soon announce a $10 billion order from the plane manufacturer.

“We’ve agreed to let Rolls-Royce engines and those kind of plane parts to come over tariff-free,” Lutnick said from the Oval Office. “What you’re going to hear today is there’s going to be an announcement in the UK that they’re buying $10 billion worth of Boeing planes.”

Boeing and rival Airbus, which have both been largely exempt from tariffs since the 1980s, have struggled under the levies, with airlines refusing to pay extra costs for orders. As the trade war escalated, Chinese airlines last month began returning Boeing planes to the US.

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Warner Bros. Discovery climbs amid reports it’s rejected takeover offers around $24 per share

Shares of Warner Bros. Discovery are trading up on Wednesday as a bidding war for the HBO and CNN parent company heats up.

According to CNBC, WBD has now rejected three Paramount Skydance offers. The latest was said to be for close to $24 per share (about a 15% premium from the stock’s level as of Wednesday morning and nearly double where it was trading before reports of a potential takeover surfaced in September) with 80% in cash. Yesterday afternoon, Reuters reported that WBD’s board rejected the $24 offer on Tuesday.

WBD, which said on Tuesday it was open to a sale and that there are multiple interested parties, climbed on the latest update. The stock was up more than 4% after the market opened before its gains narrowed.

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

On Netflix’s earnings call after the bell Tuesday, the streamer’s co-CEO, Ted Sarandos, reiterated that the company has “no interest in owning legacy media networks.” Still, industry experts have speculated that a sale of WBD’s streaming and film studios business — which it previously intended to spin off — could be on the table, leaving Netflix in the hunt.

WBD rejected three Paramount takeover offers, the last for just under $24 per share, sources say

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

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Mattel stock sinks after the Barbie maker posts disappointing Q3 results

Shares of toymaker Mattel fell by more than 6% in early trading this morning, after the company posted third-quarter results on Tuesday evening that missed analysts’ estimates.

The company, which owns Barbie and Hot Wheels, reported net sales of $1.74 billion — a 6% slump year over year, and short of the $1.83 billion Wall Street expected — with net profit also slipping by 25% to $278 million.

Mattel misses Wall Street estimates as North American sales sink

Beyond Meat is soaring again — can the fake meat company turn the meme stock spotlight into a real future?

The faux meat maker’s stock is up more than 1,200% since October 16, but its core business is still a cash incinerator.

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