Most unexpected was Paramount stock’s jump. Wall Street almost always disdains giant acquisitions on the theory that buyers get too excited about big deals and overpay—and indeed, that’s usually what happens. When the deal gets sealed, the buyer’s stock usually drops, but in this case it rose almost 30%. That’s probably because analysts were pleasantly surprised: They had figured Paramount would need to raise its offer from $30 to $32–$34 a share to vanquish Netflix; instead, Paramount offered just $31 and prevailed.
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Hillary Clinton spent six hours answering questions about the late sex offender Jeffrey Epstein on Thursday after being compelled to testify, and Jimmy Kimmel has thoughts.
Shropshire Council said an April launch would place it under "significant financial risk".
How to watch: The first three episodes of Paradise Season 2 are now streaming on Hulu, with a new episode every Monday.