SQUAWK BOX, TUESDAY 18TH MAY, 2021

Squawk Box Europe Express

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3y ago 25:47

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Media deals take the spotlight overnight on both sides of the Atlantic. AT&T and Discovery shares close in the red and rub off on other media stocks as investors inspect how the new mega-merger will affect the streaming landscape. Amazon is also reportedly looking to acquire MGM film studios for $9bn. Meanwhile in France, broadcasters TF1 and M6 Groupe enter into merger discussions. Berkshire Hathaway has scaled back its banking and energy stakes while Big Short investor Michael Burry reveals a $530m bet against Tesla. It’s all change at the top at Danone with Antoine De Saint-Affrique ready to take over as CEO in Q3. In virus news, the U.S. will increase vaccine exports following pressure from around the world while UK Health Secretary warns that the Indian variant will imminently become the dominant strain of Covid around the country.

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