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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Stocks Suffer Biggest Drop in More Than Two Years on Inflation Fears

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Todd Spangler NY Digital Editor Media and tech stocks across the board felt the pain Tuesday amid a market-wide selloff, fueled by a fresh indicator that higher-than-expected inflation is continuing to put a damper on economic growth.

The Dow Jones Industrial Average shed 1,276 points, down 3.94%, to close the session Tuesday at 31,104.97. The S&P 500 index dropped 4.32%, while the tech-centric Nasdaq Index sank 5.16%.

The drops represented the biggest declines for U.S. stocks since June 2020. The losses on Wall Street came after the U.S. Bureau of Labor Statistics released data for August 2022, showing that the Consumer Price Index for the month increased 8.3% year-over-year (down only slightly from 8.5% in July and from the four-decade-high 9.1% in June).

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