WARP is trading at $21.50, up +1.82%, after Warner Bros. Discovery and Paramount Skydance settled with California and 11 other states, removing a major obstacle to their proposed merger.
- Broader risk appetite supported communication services, while Meta rallied on strong early adoption of its Muse AI agent.
- The sector’s strength is likely to carry into September 22, 2026, reflecting the broader technology-led market rally and easing oil prices and Treasury yields.