Neflix rises as Trump vows to stay out of Warner Bros bidding war
Shares of Netflix NFLX.O rise nearly 2% to $81.52
President Donald Trump said on Wednesday he will stay out of the company's bidding war with Paramount Skydance PSKY.O over the acquisition of Warner Bros Discovery WBD.O
NFLX is on track for its second straight session of gains and biggest daily percent gain since January 23
In December, Trump said he would have a say on a proposed merger deal between NFLX and Warner Bros, telling reporters that the market share of a combined entity could raise concerns
U.S. Department of Justice is reviewing NFLX's offer to acquire Warner Bros for $82.7 billion in cash, as well as a competing, hostile $108.4 billion bid from Paramount Skydance
NFLX is down 13.7% YTD vs NASDAQ Composite Index's .IXIC 3.1% decrease
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