Stocks to Watch: Paramount, Warner Bros., Verizon, Intel

Dow Jones06:37

Paramount said Friday it will not move forward with its merger with Warner Bros. Discovery until legal challenges to the deal are resolved or June 1, 2027, whichever comes first. The concession marks the latest blow to the companies' planned $81 billion merger, which is being challenged on antitrust grounds by 12 states and the Writers Guild of America, who argue the deal is anticompetitive. Paramount shares closed at $8.21, down 3.3%, while shares in Warner Bros. ended the session down 0.7% at $25.77.

Verizon Communications beat Wall Street expectations for postpaid phone connections, a closely watched metric that gauges new lucrative customers. The company also said it is pursuing new revenue opportunities, including from the AI infrastructure boom, as its turnaround effort continues. The stock closed up 5.8% at $46.38.

Intel's second-quarter earnings report came in well ahead of investors' expectations. The chip maker reported sales of $16.1 billion for June quarter, up 25% from the year-earlier period. Its sale guidance for the current quarter also came in ahead of Wall Street's estimates. However, the stock closed down 7.9%, at $92.32.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 24, 2026 18:37 ET (22:37 GMT)

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Discovery until legal challenges to the deal are resolved or June 1, 2027, whichever comes first. The concession marks the latest blow to the companies' planned $81 billion merger, which is being challenged on antitrust grounds by 12 states and the Writers Guild of America, who argue the deal is anticompetitive. Paramount shares closed at $8.21, down 3.3%, while shares in Warner Bros. ended the session down 0.7% at $25.77. \n\n\n  Verizon Communications beat Wall Street expectations for postpaid phone connections, a closely watched metric that gauges new lucrative customers. The company also said it is pursuing new revenue opportunities, including from the AI infrastructure boom, as its turnaround effort continues. The stock closed up 5.8% at $46.38. \n\n\n  Intel's second-quarter earnings report came in well ahead of investors' expectations. The chip maker reported sales of $16.1 billion for June quarter, up 25% from the year-earlier period. Its sale guidance for the current quarter also came in ahead of Wall Street's estimates. 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