Shares of Paramount Skydance fell as competition to buy Warner Bros. Discovery intensified. Microchip Technology’s strong guidance boosted shares, while Paramount and Netflix dropped amid takeover rumors. Major U.S. indexes rose on soft payroll data, with Microchip leading gains. Vertex Pharmaceuticals, Delta Airlines, and Alexandria Real Estate Equities also made notable moves.

Read more at Yahoo Finance: Paramount and Netflix Slide; Microchip Technology Surges on Strong Guidance