Ed Elson

And I think it's to your point.

The capital flows are adjusting.

People are rotating out.

People are looking for an excuse to sell these companies and to get into something else.

And that's a real problem for him and for Americans.

I didn't.

Name drop him and ruin his campaign.

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Netflix has dropped out of the Warner Brothers Discovery bidding war.

That clears the path for Paramount to make the acquisition just days after submitting a revised $111 billion offer.

Warner Brothers gave Netflix four days to counter, but the company declined, saying the deal was, quote, "'no longer financially attractive.'"

The transaction will still need regulatory approval, but for now, Paramount has come out on top.

On the news, Warner Brothers stock fell 3%, Paramount climbed 7%, and Netflix popped 10%.

Scott, Paramount, David Ellison, the son of Larry Ellison, they are the winners, or it appears they're going to be the winners, pending regulatory approval.

Initial reactions to Paramount beating Netflix.

I agree up to a point that Netflix is coming out a winner here because that price is totally ridiculous for the company.

As you point out, this is a company that was trading at $7 to $10 a share as recently as a year ago, and now a company's come in and decided to buy it for $31 a share.

That is...