Warner Bros Discovery Inc. (NASDAQ:WBD) fell 12.53% due to China warning on US tariffs impact.
From Yahoo Finance: 2025-04-11 05:48:00
Warner Bros Discovery Inc. (NASDAQ:WBD) fell by 12.53 percent on Thursday to $8.10 per share as investors reacted to comments from the China Film Administration warning about the impact of aggressive US tariffs on American films. The company also faces substantial debt of $34.6 billion.
WBD recently replaced studio heads Mike de Luca and Pam Abdy after box office flops like “Alto Knights,” “Mickey 17,” and “Joker: Folie à Deux.” CEO David Zaslav is in talks with potential successors. Despite potential, WBD ranks 10th in stocks heavily sold on Thursday. AI stocks are seen as offering higher returns in a shorter time frame.
Read more at Yahoo Finance: Why Warner Bros Discovery Inc. (NASDAQ:WBD) Went Down On Thursday?