Paramount Global’s stock is up 25% this year. What’s driving it is the pending merger between Paramount and Skydance Media.

CBS said the cancellation wasn't related to "content or other matters happening at Paramount." Paramount controversially agreed to settle a lawsuit brought by Trump over a "60 Minutes" interview with then-presidential candidate Kamala Harris.

As you’ve likely heard, CBS — which is owned by Paramount — has decided to cancel “The Late Show with Stephen Colbert.” Per Reuters, the program is the most-watched late-night show on U.S. broadcast television. However, it will end its 10-year run in May 2026, with the show being retired altogether.