Paramount Skydance has settled with California and 11 other states that sued to block its $110 billion acquisition of Warner Bros Discovery , a source familiar with the matter said on Monday, clearing one of the last big hurdles to closing a deal that would reshape Hollywood.

Paramount Skydance has reached a settlement with California and other states suing to block its $110 billion merger with Warner Bros Discovery , Bloomberg News reported on Monday, citing a person familiar with the matter.

Oura is targeting a fully diluted valuation ‌of $15.62 billion in its US initial public offering as the smart ring maker kicked off its roadshow on Monday, testing investor appetite for consumer technology companies after a slow start to the fall IPO season.

Shares of Warner Bros Discovery and Paramount Skydance jumped on Monday, after a report said Paramount and California's attorney ‌general were in advanced settlement talks that could clear one of the final hurdles to the companies' $110 billion merger.

A California agency's lawsuit accusing Tesla of allowing rampant race discrimination at its flagship assembly plant is set to go to trial ‌on Monday, one of a series of similar lawsuits being faced by the electric vehicle maker.