Communications Services Down as Deal Wave Seen Pausing — Communications Services Roundup
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Communications services stocks declined as traders anticipated a slowdown in recent deal activity. Warner Bros. Discovery is set to reject a competing bid from Paramount Skydance. Trump Media & Technology launched five "America First" exchange-traded funds, following a merger with a nuclear-fusion company. Additionally, Disney will pay $10 million in civil penalties related to its data-collection practices involving children, as announced by the U.S. Justice Department.
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