Paramount Skydance jumps 6% on $3 bn cost-saving, growth plan
Paramount Skydance shares jumped 6.4% after hours as the company unveiled $3 billion in cost savings, more job cuts, and a stronger film and streaming slate. The update marked its first earnings report since the $8.4 billion merger. Retail sentiment on Stocktwits flipped to bullish, with traders calling it the best call in two years.