Alex Ossola

The New Deal talks set the stage for a potential bidding war.

Netflix has the right to match an offer Warner accepts from another bidder.

Warner shares closed up 2.7 percent today, while shares of Paramount rose 4.9 percent, and Netflix added 0.2 percent.

Over at CBS, Stephen Colbert lashed out at the Federal Communications Commission and his own network during his show last night.

He said CBS scrapped an interview he had planned with Texas State Representative James Tallarico, a Democrat running for Senate.

Colbert laid out what happened to the Tallarico segment during a six and a half minute monologue.

Colbert said the network was worried of running afoul of the FCC's equal-time rules for radio and broadcast television.

The rules require shows that have candidates on during elections to also bring on their opponents.

There's long been an exemption for news and talk show interviews, but last month the FCC issued guidance on the rules that were widely interpreted to be aimed at late-night and daytime shows that feature Democratic politicians.

The FCC said a show that is, quote, motivated by partisan purposes wouldn't be entitled to an exemption.

CBS and the FCC didn't respond to requests for comment.

In U.S.

markets, major indexes were slightly higher.

The S&P 500, Nasdaq, and the Dow all rose about 0.1%.

General Mills says weight loss drugs are changing how it does business.

At an industry conference today, the cereal maker's CEO said it's planning new products packed with protein and fiber, as well as smaller package sizes.

Earlier today, the company cut its sales and profit outlook for the year.

Shares fell 7%.

while shares of TripAdvisor rose 9.7% on activist investor Starbird Values' plans to push for a shakeup of its board.

Starbird has been saying TripAdvisor should consider selling some or all of the company.