Francesca Fontana

Warner's drama is over its planned $72 billion deal with Netflix and the hostile bid valued at $77.9 billion from Paramount Skydance.

This week, Warner rejected Paramount's offer and recommended that shareholders do the same.

While Paramount has argued that its proposal to acquire all of Warner is a better deal for shareholders and more likely to pass regulatory muster, Warner raised concerns about the credibility of the, quote, illusory offer and its backing from the Ellison family.

Warner shares fell 2.4% Wednesday and on a weekly basis lost 7.4%.

Then we have Lululemon, the struggling yoga pants maker that, according to its estranged founder, has lost its cool.

Dedicated listeners will recall that the Journal reported that Chip Wilson has been privately taking steps to run a proxy fight.

And it seems like that's what's going down, because on Wednesday, we learned that activist investor Elliott has built a stake of over $1 billion in the struggling retailer,

and wants former Ralph Lauren executive Jane Nielsen to be its new chief executive.

In response, Lululemon shares gained 3.5% on Thursday and notched a weekly gain of 2.2%.

Finally, let's talk about the trading debut that made a big splash this week, that of medical supplies distributor Medline.

The stock jumped 41% on Wednesday, its first day of trading on the Nasdaq, raising over $6 billion, making it the biggest American IPO of the year.

It's the largest U.S.

initial public offering since Rivian's IPO in November 2021, according to Renaissance Capital, when the electric vehicle startup raised $11.9 billion.

Now, this could bode well for future IPOs coming down the pike from large companies like Elon Musk's SpaceX.

We'll have to wait and see.

And now you know what's news in markets this week.

You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section.

Today's show was produced by Jessica Fenton with supervising producer Jana Herron.

I'm Francesca Fontana.

Hey, listeners, it's Saturday, December 13th.