Stock Movers: Trump Sues NYT, Oracle's TikTok Deal, Webtoon Partners with Disney

Trump Lawsuit Against The New York Times

• 📉 Shares of The New York Times (NYT) fell as much as 3.5% following a $15 billion defamation lawsuit filed by President Donald Trump.
• 🗣️ Trump accuses the paper of acting as a "mouthpiece for the Democrats" and engaging in a "decades-long pattern" of malicious defamation.
• 📰 The New York Times stated the lawsuit "has no merit" and is an attempt to "stifle and discourage independent reporting."

Oracle's Potential TikTok Deal

• 📈 Oracle (ORCL) shares climbed, potentially up to 5.7%, amid reports that the company is part of a consortium that could allow TikTok to continue US operations.
• 🤝 The structure of the deal remains unclear, but it involves multiple companies in negotiations with TikTok.
• 🚀 Oracle has seen significant stock growth, up approximately 85% year-to-date, and has been a focus due to its aggressive outlook last week.

Webtoon Entertainment's Partnership with Disney

• 🚀 Webtoon Entertainment (WBTN) shares surged, reaching intraday highs not seen since August of last year, up as much as 36%.
• ✍️ This rise follows an announcement of a partnership with The Walt Disney Company to create a new digital comics platform.
• 📚 The platform will feature decades of titles from Marvel, Star Wars, Pixar, and Disney, leveraging Webtoon's storytelling technology.