Will Paramount’s Brinkmanship Work?
Reported by New York Times Business · nytimes.com · August 12, 2026
The media company’s leader, David Ellison, is threatening to pull the company out of California in the face of a lawsuit by states seeking to block its big deal.
What the tape says
What to watch: Block Inc. (XYZ, PARA) faces a legal or regulatory issue — headline risk here is often larger than the eventual financial impact.
Market reaction today: $XYZ -0.95%, $PARA -7.69%
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