US Morning News Call | Paramount Wins Warner Bros Discovery Bidding War After Netflix Withdraws

Key Takeaways:

• Paramount Wins Warner Bros Discovery Bidding War After Netflix Withdraws

• Meta Reportedly Agrees to Multi-Billion-Dollar Deal to Rent Google AI Chips

• ASML Says High-NA EUV Tool Is Ready for High-Volume Chip Production

🔔Before the Bell

Stock futures decline on Friday after Nvidia tumbled 5% in the previous session and the Nasdaq Composite fell more than 1%.

$E-mini NASDAQ 100 Futures (JUN6) (NQmain.US)$ went down by 0.51%;

$E-mini S&P 500 Futures (JUN6) (ESmain.US)$ went down by 0.52%;

$E-mini Dow Futures (JUN6) (YMmain.US)$ went down by 0.72%.

Federal Reserve Challenges Justice Department Subpoenas in Legal Dispute

The Federal Reserve is fighting Justice Department subpoenas in sealed court proceedings related to U.S. Attorney Jeanine Pirro's criminal investigation into Chair Jerome Powell regarding alleged false congressional testimony about building renovations.

Paramount Wins Warner Bros Discovery Bidding War After Netflix Withdraws

$Paramount Skydance (PSKY.US)$ emerged victorious in the bidding war for $Warner Bros Discovery (WBD.US)$ after $Netflix (NFLX.US)$ withdrew from the competition. The streaming giant's exit cleared the path for Paramount to secure the acquisition deal.

Meta Reportedly Agrees to Multi-Billion-Dollar Deal to Rent Google AI Chips

$Meta Platforms (META.US)$ has signed a multi-year, multi-billion-dollar agreement to rent $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ 's AI chips to train and develop new AI models, according to The Information. The report also says Meta is discussing a potential purchase of Google TPUs for its own data centers as early as next year.

ASML Says High-NA EUV Tool Is Ready for High-Volume Chip Production

$ASML Holding (ASML.US)$ said its next-generation High-NA EUV lithography system is now ready for chipmakers to deploy in high-volume manufacturing. The tool aims to simplify advanced chip production by removing several complex steps, though it comes with an estimated price of about $400 million per unit.

🪙Crypto News

$Bitcoin (BTC.CC)$ fell -1.25% to 66638.32;$Ethereum (ETH.CC)$ fell -2.33% to 1980.42.

MARA Partners With Starwood to Develop Up to 2.5 GW of AI-Ready Data Center Capacity

$MARA Holdings (MARA.US)$ announced a strategic partnership with Starwood Capital and its Starwood Digital Ventures platform to jointly develop, finance, and operate data center projects across MARA’s power-rich sites. The joint platform targets about 1 GW of near-term IT capacity, with a pathway to more than 2.5 GW, aimed at hyperscale, enterprise, and AI customers.

📆Market Events

Key Economic Events

08:30 PPI (MoM) (Jan)

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