PSKY is trading at $8.63 (-4.11%) after DOJ antitrust head Omeed Assefi rejected a political fast-track for the Paramount-Skydance acquisition of Warner Bros. Discovery.
- The rejection signals a rigorous regulatory review process, extending a downtrend from the $9.00 close on March 18.
- Broader market headwinds and credit downgrades are adding further pressure to the stock as the S&P 500 slips 0.68%.