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Nasdaq Rises Nearly 200 Points, Led by Tech Stocks

The major averages were mixed near noon, with the Nasdaq up nearly 200 points, led by tech names. The 10-year Treasury yield is around 5.28%, near multiyear highs. Oil prices are just fractionally higher but remain above $90 a barrel amid continued tensions between the U.S. and Iran.The market also continues digesting Friday's weaker-than-expected September jobs report, which reduced expectations for another Fed rate hike this month. Traders now see roughly an 80% probability that the Fed holds rates steady in October, although a December hike remains largely priced in.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Schneider Electricagreed to acquire PTCFor $205 per share in cashC.H. Robinsonagreed to acquire RXO Inc.for $30.25 per shareGE Healthcarewill acquire SOFIE Biosciences for $945M in cashTeslaCEO Elon Musk confirmed discussions between his Terafab semiconductor production initiative and TSMCUnitedHealthis under investigation by Texas AG Ken Paxton amid alleged unlawful practices2. WALL STREET CALLS:Melius calls Microsoftthe "adults in charge" of AI, upgrades to BuyDraftKingsupgraded to Buy at BofA following 47% pullbackMorgan Stanley downgraded Group 1 Automotiveto Underweight and AutoNationto Equal WeightWells Fargoupgraded to Overweight at Morgan StanleyCiti upgraded Harley-Davidsonto Buy after several years of caution3. AROUND THE WEB:AppleCEO John Ternus has effectively become the company's design chief, working in the studio several times a week, Bloomberg reportsQualcommand Armwill be facing one another in court, with Qualcomm accusing the company of withholding chip testing tools under contract, Reuters saysKaroline Leavitt, who until August served as President Donald Trump's press secretary and chief spokeswoman, is joining Fox Newsnext month as an on-air contributor, NY Times reportsStablecoin Developmentappears highly speculative and considers the stock uninvestable at any price above zero, Fugazi Research says in a new research noteRenaultplans to continue investing in France's EV industry if this action continues to garner political and social support, Bloomberg reports4. MOVERS:Vaxcytegains after announcing "positive" results from OPUS-1 Phase 3 trial of VAX-31Alvotechincreases in New York after the U.S. FDA approved a supplement to the biologics license application for SimlandiUpstarthigher after reporting originations for September and Q3Millrose Propertiesfalls after Citizens downgraded the stock to Market PerformCapricorlower after announcing open-label extension data for Deramiocel5. EARNINGS/GUIDANCE:NeuroOne Medicalprovided guidance for Q4 and FY26Insmedbacked its brinsupri outlook for FY26inTESTprovided guidance for Q3Forum Marketsannounced its outlook for FY27PepsiCois set to announce Q3 results on October 8INDEXES:Near midday, the Dow was down 8.77, or 0.02%, to 51,168.19, the Nasdaq was up 207.39, or 0.76%, to 27,398.25, and the S&P 500 was up 37.96, or 0.49%, to 7,760.68.

Paramount Reaches Settlement with Warner Bros, Commits to Increase Film Output

"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.PLAYING THIS WEEKEND:Among this weekend's notable new streaming content is the first two episodes of Apple TVcomedy series "Brothers," starring Woody Harrelson and Matthew McConaughey as themselves. Meanwhile, Amazon Prime Videosubscribers can catch romantic comedy film "The Love Hypothesis" starring Tom Bateman and Lili Reinhart, while Netflixusers can watch the revival of comedy series "A Different World."PARAMOUNT/WARNER BROS.:Earlier this week, New Jersey Attorney General Jennifer Davenport said the state joined a coalition of 12 attorneys general in securing a settlement with Paramount Skydance, resolving the states' lawsuit alleging the company's merger with Warner Bros. Discoverywould harm competition. The settlement, pending approval by the court, includes a five-year court enforceable commitment to increase film output, a minimum of an additional $1.5B commitment to bolster domestic film production, a $47.5M fund for workers who are impacted by the merger, and restrictions on how the company handles cable negotiations to help keep prices competitive, Davenport said in a statement. Paramount has agreed to a five-year term, where the merged company will commit to release: 30 films a year, including 20 wide releases, in the first two years; 32 films a year - with 21 wide releases in years three, four, and five; and Paramount commits to release at least four independent films in each year of the commitment period.Following the settlement announcement, Semafor reported that Paramount is exploring additional equity funding to strengthen its balance sheet as it absorbs Warner Bros. Discovery, with CEO David Ellison considering Tesla'sElon Musk and other wealthy investors for a syndicate alongside substantial equity backing already guaranteed by Larry Ellison. A day after that report, Paramount announced the launch of syndication for a proposed senior secured incremental tranche of term "B" loans in an aggregate principal amount of $7.5B. The consummation of the Incremental Term B Facility is subject to market and other conditions. Subject to market and other conditions, Paramount intends to raise approximately $44.4B of additional secured debt, in addition to the Incremental Term B Facility and previously announced financings.Additionally, Business Insider reported that Paramount is preparing to launch new streaming features designed to drive engagement and increase revenue from viewers as it finalizes its takeover of Warner Bros. Discovery. The deal will give Paramount control of HBO Max and Discovery+. CEO David Ellison's company told streaming employees at a town hall this summer that Paramount+ is planning to add a free tier, micro dramas, and new interactive ad formats, the publication noted. Paramount is also preparing to put a comments section in its TikTok-style feed and leverage AI to help it clip videos, according to a screenshot of its streaming initiatives list recently viewed by Business Insider.DISNEY+ PRICE HIKES:Disneyraised prices on several of its streaming subscriptions, Bloomberg reported this week. The price of the flagship Disney+ streaming service, without ads, will rise 13% to $21.49 per month, sources told Bloomberg. The increase will bring the premium Disney+ product more in line with a similar plan sold by Netflix, which charges $26.99 a month for an ad-free service with 4K resolution and access on multiple devices, the report noted.AMAZON/BEST BUY:Best Buyand Amazon announced an expanded multiyear Fire TV partnership that will continue bringing the Fire TV experience to Insignia TVs and create more connected TV advertising opportunities through Best Buy Ads, powered by Amazon Ads technology. Beginning February 2027, Best Buy Ads will use Amazon Ads' programmatic technology, including AI-powered tools, to help brands plan, activate, optimize and measure advertising campaigns.NETFLIX DOWNGRADE:Earlier this week, HSBC downgraded Netflix to Hold from Buy with a price target of $76, down from $96. The firm believes Alphabet'sYouTube is taking increasing viewer share from Netflix. A Near-term engagement recovery is unlikely at Netflix as YouTube's strategy shift adds to its competitive headwinds, the analyst tells investors in a research note. HSBC says YouTube has been rapidly expanding its living room footprint, having captured a record 14.2% share of U.S. TV time in July. The firm believes YouTube's momentum is increasingly coming at the expense of Netflix as its share fell to a multi-year low of 7.8%.STOCK PLAYS:Other publicly traded companies in the streaming space include Roku, AMC Networks, Comcast, Fox, and FuboTV.