Sector Update: Consumer

3:13 PM ET 09/23/2026 - MT Newswires

In corporate news, Paramount Skydance (PSKY) is considering asking Elon Musk to join a syndicate of equity investors in the media company as its acquisition of Warner Bros. Discovery (WBD) progresses, Semafor reported. Paramount CEO David Ellison's father, Larry Ellison, has long been close with Musk, the report said. Paramount shares were down 2.2%.

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