Warner Bros. rejects Paramount's revised offer

Warner Brothers Discovery has rejected the latest takeover bid from Paramount Skydance, saying it’s still inferior to a rival offer from Netflix. Despite a $40 billion guarantee from billionaire Larry Ellison, WBD’s board says the plan is a risky leveraged buyout, financed by debt. But first, the United States says it’s “selectively” removing sanctions to bring Venezuelan oil back into international markets, starting with the sale of up to 50 million barrels to the US.