Oct 5 – 11, 2026 · Issue #1 · Sent
Skydance closes its $78B Warner Bros. deal
Skydance closes its $78B Warner Bros. deal, two CEO handovers and a $350M fine — the week’s filings worth knowing, in plain English.
LEAD STORY
$78B
Skydance closed its takeover of Warner Bros. Discovery on October 6, paying about $78 billion in cash and stock. WBD becomes part of Skydance and is coming off Nasdaq.
Read the 8-K (opens sec.gov in a new tab)THE WEEK AT A GLANCE
- AXPPays $350M to settle Fed and OCC compliance reviewsLegal8-K (opens sec.gov in a new tab)
- SYKSpencer Stiles becomes CEO on Jan 1Leadership8-K (opens sec.gov in a new tab)
- GDDanny Deep becomes CEO on Jan 1Leadership8-K (opens sec.gov in a new tab)
- CVEBuys Athabasca Oil for $5.7BM&AEX-99.1 (opens sec.gov in a new tab)
- CVXSells Hess Midstream stake, books a $3–4B lossDivestitureEX-99.1 (opens sec.gov in a new tab)
- TSMSeptember revenue up 54.6% from a year agoResults6-K (opens sec.gov in a new tab)
- CRWDCEO and another insider sell $14.6M of stockInsider SellForm 4 (opens sec.gov in a new tab)
DATES TO WATCH
6
- JPMQ3 results and earnings callOct 13
- JNJQ3 results and earnings callOct 13
- ASMLQ3 results and earnings callOct 14
- BACQ3 results and earnings callOct 14
- TSMQ3 results and earnings callOct 15
- CVEAthabasca deal expected to closeDec 2026
INSIDER BUY OF THE WEEK
$192.6M
Berkshire Hathaway bought $192.6M of Lennar — more than the next four biggest insider buys of the week added together.
See this week’s insider buys →CHART OF THE WEEK
Costco’s sales grew 166x in 41 years.
Costco closed fiscal 2026 last month with Q4 revenue of $93.9B, up 11.2%. Zoom out and annual sales went from $1.8B in 1985 to $303.2B.
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