Netflix is set to acquire HBO Max and Warner Bros. studio for $72 billion. Stock reactions vary with Netflix down 4% and Warner Bros. up 4%. Vanguard S&P 500 ETF remains unaffected. The deal may face antitrust scrutiny and requires 12-18 months to close.

Warner Bros. plans to spin off TNT and CNN as “Discovery Global” in Q3 2026. Netflix deal includes $23.25 in cash and $4.50 in Netflix stock per share for Warner Bros. Discovery shareholders. If deal falls through, fees of $5.8 billion or $2.8 billion apply.

Delayed September government economic data to be released today. It includes consumer spending, income, and personal consumption expenditures price index. Uncertainty surrounds market reaction due to the data being outdated and not reflecting the government shutdown’s impact.

Hewlett-Packard Enterprise beat earnings by 4 cents in fiscal Q4 2025, reporting a profit of $0.62. However, revenue fell short at $9.7 billion, with weak guidance for fiscal Q1 2026 below expectations at $9.4 billion. Stock performance may reflect these results.

Read more at Yahoo Finance: S&P 500 (VOO) Flat, Netflix Down on HBO Deal Cost