Market Movers

  • Covid is no longer a global emergency. The World Health Organization declared an end to the global Covid health emergency it instituted in January 2020. The agency’s decision marks a major symbolic milestone for the pandemic. The US plans to terminate its own Covid emergency next week, which will likely make some services more expensive and less available.*
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  • Warner Bros. Discovery reports big overall loss. This comes even as its U.S. direct-to-consumer segment turned a profit for the first time ever. The company posted a big loss, despite its streaming business turning a profit of $50 million for the quarter. Warner Bros. Discovery expects the streaming business to be profitable this year, earlier than expected.

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