$72B deal: Netflix has struck a deal with Warner Bros. Discovery, the legacy Hollywood giant behind Harry Potter and Friends, to buy its studio and streaming business for $72 billion. The merger could reshape the streaming wars with bundled subscriptions and a massive combined content library. Read more from the Associated Press.
National standard: Louisiana’s updated insurance fraud law has been adopted as the new national model by the National Council of Insurance Legislators, positioning the state as a leader in combating fraud that drives up premiums. The amendment strengthens prosecutions and consumer protections, aiming to curb scams that cost U.S. families billions annually. Learn more from Louisiana’s Department of Insurance.
On the rise: U.S. consumer sentiment rose for the first time in five months, bolstered by a more optimistic outlook for personal finances as inflation expectations improved. The preliminary December sentiment index rose to 53.3 from 51 a month earlier, according to the University of Michigan. The survey period includes responses from Nov. 18 to Dec. 1. The median estimate in a Bloomberg survey of economists called for a reading of 52. Read more from Bloomberg. A subscription may be required.
