But the agreement came with one major caveat: The media company must appoint a “bias monitor.” According to reporting from ...

At 1:11 p.m. ET (17:11 GMT), the 30-stock Dow Jones Industrial Average had risen by 145 points, or 0.3%, the benchmark S&P 500 increased 0.4%, and the tech-heavy Nasdaq Composite was up 0.4%.

Paramount and Skydance announced Friday that, with the Trump administration’s approval, the highly anticipated merger between the entertainment giants is expected to take place next month.