Closing Bell: Paramount/WBD Shares Gain, Kenvue Slips, AppLovin Drops | Stock Movers

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec - A group of 12 states sued Paramount Skydance (PSKY) Monday seeking to block its $110 billion bid to buy Warner Bros. Discovery (WBD) alleging the blockbuster Hollywood deal would leave viewers with higher prices and fewer choices for movies and television. In a statement, Paramount said the lawsuit was “wrong on the facts and the law” and it would vigorously defend the transaction in court. Still, shares of both companies rose. - Tylenol maker Kenvue (KVUE), which is set to be acquired by Kimberly-Clark, slips as much as 2.3% after a federal appeals court revived lawsuits that claim the company hid alleged risks that the over-the-counter pain medication could cause autism in children whose mothers took the drug while pregnant. - AppLovin (APP) shares sink as much as 13% after Bank of America cited data that the AI marketing platform’s eCommerce footprint is expanding at a slower-than-expected pace following its recent General Availability launch. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video #Stocks #Markets #Finance #Investing #Podcast #Bloomberg Closing Bell: Paramount/WBD Shares Gain, Kenvue Slips, AppLovin Drops