Netflix’s aggressive, all-cash bid for Warner Bros studios and its pause of a long-running buyback program have forced traders to reprice execution and regulatory risk, while Meta’s push into ad monetization and cloud-scale compute raises separate policy questions. In the short term, Netflix’s stock has been punished on deal uncertainty and a steep valuation reset, creating event-driven volatility. Over the long term, consolidation could redraw content economics and ad revenue

Alphabet’s market cap tops $4 trillion. The milestone follows Apple’s decision to integrate Gemini models, which sent Alphabet shares sharply higher and put AI partnerships front and center. Short term, the deal is driving buying interest and a burst in cloud spending. Long term, it accelerates hyperscaler competition for custom AI silicon, data-center capacity, and recurring cloud revenue. Globally, the move matters because it ties a major handset maker to