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.