On this episode of Stock Movers:
- Warner Brothers Discovery (WBD) shares rise after the company said it will split its streaming and studios business and its TV networks operations by the middle of next year. The streaming and studios company will include Warner Brothers Television, the Motion Picture Group, DC Studios, HBO, and HBO Max.
- Qualcomm (QCOM) shares rise after the company reached an agreement to buy Alphawave for $2.4 billion. The offer equates to about 183 pence per share for Alphawave -- a 96% premium to the company’s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks.
- Starbucks (SBUX) shares rise after the company announced price cuts for a slew of its tea-based beverages at its stores across China. It's the latest campaign to appeal to Chinese consumers for non-coffee offerings during summer.

Financial Service-Related Stocks Slip, PayPal Falls, Coinbase Drops
04:03

Alphabet Rises, Paypal Drops, Eaton Slides as 2Q Profit Forecast Misses Estimates
03:55

Coinbase Jumps, Meta Rises, Fiserv Slides as Organic Revenue Misses Expectations
04:04