Tim Stenovec

They've turned lower amid an announcement out of TikTok, the social platform teaming up with iHeartMedia to create a new TikTok podcast network.

The deal will feature up to 25 new podcasts hosted by TikTok creators.

This is the company looks to help creators beyond the TikTok platform.

Spotify shares down about one tenth of one percent.

iHeartMedia shares down about six point three percent.

Well, Paramount Skydance results due out after the closing bell with investors heavily focused on a potential bid for Warner Brothers Discovery.

Here with more is Bloomberg's Hannah Miller, who covers media.

Wow, David Ellison has been very busy in his first few months over at Paramount Skydance, Hannah.

I know there are a lot of questions about the UFC purchase, about the Duffer Brothers deal, about the hiring of Barry Weiss.

But is the big question all about Warner Brothers Discovery and whether some or all of those assets go to Paramount Skydance?

Are investors on board with him spending this much money?

Bloomberg's Hannah Miller.

Follow those results on Bloomberg TV and radio as soon as they come out after the bell today.

Well, another company that we are watching, CoreWeave, shares of the cloud computing firm fell 22% last week.

This amid a broader pullback in the AI trade.

Now investors are watching its results closely as concerns grow over heavy spending by CoreWeave's customers.

Bloomberg's Dina Bass joins us now with more.

The 22 percent decline in shares last week, the concern about this idea of some circular financing, the small number of customers that CoreWeave has that really account for a majority of its revenue.

What's the thing that investors are watching most closely for with today's results, Dina?

As you said, it's the spending and what they say about it.