Communications Services up on Rotation Out of AI Bets - Communications Services Roundup

Dow Jones

Aug 29

Communications-services companies rose as traders bought into the sector, rotating out of artificial-intelligence bets.

Major cell-phone carriers including T-Mobile US and AT&T were among the companies rising by 2% or more.

Paramount Skydance Chief Executive David Ellison has hired Beth Wilkinson, a lawyer who successfully defended defended the National Football League, pharmaceutical giant Pfizer and Supreme Court Justice Brett Kavanaugh, to fight Paramount's corner in its efforts to push through the acquisition of Warner Bros Discovery.

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