Monday's news that Warner Bros. Discovery is splitting into two companies has fueled chatter about which execs will end up leading the new entities.

The stock's fall snapped a two-day winning streak.

“If you’re from Oregon, or you’ve been to Oregon, you kind of know that Dutch Bros., like, is the most popular coffee shop,” said Briggs, who hails from the small town of Elkton, Oregon. “You know it’s where if you’re young, you really, really want to work there.

At the end of March, Warner Bros. Discovery had gross debt of $38.0 billion, which is comprised of “total debt” ($37.4 billion) and financial leases ($535 million). The 2022 merger of WarnerMedia (owned by AT&T) and Discovery, Inc. created more than $50 billion of debt.

EXCLUSIVE: Adam Galen has been promoted to Vice President of Development at Warner Bros. Pictures Animation, the division’s President Bill Damaschke announced on Tuesday. In his elevated role, Galen will work alongside Susan Akinbola to lead the studio’s feature development slate,