Paramount stock up 1.7% in premarket trading

Paramount Skydance shares rose 1.7% premarket trading, stopping a recent steep decline that erased gains since the $110-billion Warner Bros deal was announced. Investors are concerned about the heavy debt load required for the $31 billion acquisition, which led Fitch to downgrade the company to junk status. A critical shareholder vote is scheduled for Friday to decide on the merger.

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