🟢 NFLX is trading 9% up today after declining to raise its bid for Warner Bros. Discovery assets

NFLX is trading at $92.52 (+9.37%) after the company opted not to increase its $27.75-per-share offer for Warner Bros. Discovery's studio and streaming business.

• The decision paves the way for Paramount Skydance's superior $31-per-share bid for the entire company, signaling disciplined capital allocation to investors.
• Netflix shares decoupled from the broader market during the session, rallying sharply despite a -0.88% decline in the S&P 500.