P.M. Edition for Dec. 8. Paramount <a href="https://www.wsj.com/business/media/paramount-skydance-warner-bros-hostile-takeover-bid-f03c6f3f?mod=WSJ_WNPOD">has launched a nearly $78 billion hostile takeover bid</a> for Warner Bros. Discovery, going directly to shareholders just a few days after Warner agreed to a $72 billion Netflix deal. Plus, the Trump administration announces a <a href="https://www.wsj.com/politics/policy/trump-to-unveil-12-billion-bailout-for-farmers-064eb1de?mod=WSJ_WNPOD">$12 billion bailout</a> for struggling U.S. farmers grappling with the effects of the president’s tariffs. And pharmaceutical companies are shaking up the drug industry, selling some medicines <a href="https://www.wsj.com/health/pharma/drugmakers-are-ditching-middlemen-to-sell-directly-to-patients-56335de4?mod=WSJ_WNPOD">directly to patients</a>. WSJ reporter <a href="https://www.wsj.com/news/author/peter-loftus?mod=WSJ_WNPOD">Peter Loftus</a> joins to discuss the winners and losers from the shift. Alex Ossola hosts.

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