Communications-services companies fell slightly as traders awaited updates on inflation and trade negotiations.
Warner Bros. Discovery plans to split itself into two stand-alone publicly traded entertainment companies, separating its HBO MAX streaming service, movie studio and TV production business from its cable networks.
The Streaming & Studios spinoff will likely draw significant investor interest with its prestigious content business unburdened of the cable companies' substantial debt.
Advertising conglomerate WPP said Chief Executive Mark Read would step down at year-end, triggering a search for a successor as the advertising and marketing giant grapples with AI-driven change and fallout from tariffs that could hurt client spending.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-09-25 1758ET
