"GDP Growth Surges, Tesla Slides: Stock Market Futures Edge Up Today"

Paramount Global stock surged on reports of potential M&A deal with Skydance Media and financial backers to acquire National Amusements, the holding company that controls Paramount. The deal, in early talks, could lead to merging Skydance with Paramount and taking the media company private. Warner Bros. Discovery has also been rumored as a potential buyer. Paramount, with a market cap of around $9 billion, has become a top pick for a breakup or merger due to its small size relative to competitors. The company also announced layoffs and a focus on driving streaming profitability.