WARP is trading at $20.88, up 2.63% on September 21, 2026, as merger optimism follows reports of advanced California antitrust-settlement talks.
- Warner Bros. Discovery and Paramount Skydance rallied; the talks could remove a major obstacle to their proposed merger.
- WARPβs 46.1% communication-services exposure led the move; broader risk-on trading, easing bond yields, falling oil prices, and major U.S. index gains added support.