According to Gary Black, he shared a document containing comments from the UBS conference held on Dec 8 that pertain to Netflix (NFLX) and Warner Bros. Discovery (WBD), highlighting these tickers for trader review. Source: Gary Black on X (Dec 9, 2025). The post provides a primary-source link for the UBS conference commentary but does not disclose specific KPIs, guidance, or numerical takeaways within the tweet itself. Source: Gary Black on X (Dec 9, 2025). The source does not reference any cryptocurrency assets or crypto market impacts in the shared note or tweet. Source: Gary Black on X (Dec 9, 2025).

According to @CNBC, investor attention is concentrated on Paramount Global, Warner Bros Discovery, and Netflix amid ongoing corporate drama in U.S. media, signaling a risk-on tone for the session; source: CNBC. For traders, CNBC’s framing of positive investor interest indicates potential sector-led momentum and broader risk appetite to monitor alongside BTC and ETH during U.S. hours; source: CNBC.

According to @StockMKTNewz, Warner Bros. Discovery WBD jumped about 35% after a CNBC report stated Paramount Skydance PSKY is preparing a takeover bid, per CNBC. For cross-asset traders, Bitcoin’s correlation with U.S. equities tends to rise during risk-on episodes, a dynamic documented by Kaiko Research that keeps BTC and ETH in focus when large-cap stocks rally on deal headlines, per Kaiko Research.