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BTCC / BTCC Square / Global Cryptocurrency /
Paramount Stock Surges as Trump Settlement Hits Roadblock

Paramount Stock Surges as Trump Settlement Hits Roadblock

Author:
Global Cryptocurrency
Published:
2025-06-20 20:55:02
6
1

Paramount Global (NASDAQ:PARA) shares climbed nearly 2.5% in Friday's closing minutes as a $35 million settlement with former President Donald TRUMP over a 60 Minutes lawsuit stalled unexpectedly. The deal collapsed when Paramount hesitated, prompting Trump's legal team to revert to their original $50 million demand.

The FCC's involvement complicated negotiations, with Paramount executives reportedly insisting the agency's approval of its Skydance merger be tied to the lawsuit's resolution. This linkage risks appearing as regulatory coercion—a perception Trump's lawyers explicitly rejected by maintaining the cases are separate matters.

|Square

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