Check out the companies making the biggest moves in pre-market trading: Warner Bros. Discovery, Netflix, Paramount Skydance — Warner Bros. Discovery’s board unanimously recommended shareholders reject Paramount Skydance’s tender offer and stick with Netflix’s offer, which they called “superior.” Netflix stock rose 1.4% in the previous session. Warner, along with Paramount, fell 1.8%. Amazon — CNBC confirmed that OpenAI is in talks with Amazon about a $10 billion investment and agreement to use artificial intelligence chips. The stock rose 1.4%. Lennar — The homebuilder fell 5% after its first-quarter guidance disappointed investors. Mr. Lennar expects delivery numbers to be between 17,000 and 18,000 in the quarter, with homebuilding gross margins between 15% and 16%, lower than analysts expected, according to Street Accounts. However, fourth quarter sales exceeded expectations. Frontier Group — The airliner rose 5.6% after Bloomberg News reported it was in merger talks with Spirit Aviation. General Mills — The food company known for Cheerios and other popular brands rose 2.5% after its latest earnings report. General Mills beat expectations for the second quarter, with adjusted earnings per share of $1.10 and revenue of $4.86 billion. Analyst estimates compiled by LSEG were for earnings of $1.03 per share and revenue of $4.78 billion. —CNBC’s Fred Imbert and Sarah Min contributed reporting.
