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PSEG shines, NYT upgraded, Walmart to sell Asda majority

Here’s a look at some of the companies the Yahoo Finance team will be watching for you.

Public Service Enterprise Group (PEG) is getting a slight boost today after posting first quarter earnings. The energy company saw profit rise five fold compared to the same time last year. Public Service Enterprise also reaffirmed its guidance for the year.

JPMorgan sees growth in the New York Times (NYT). The firm upgraded shares of the newspaper publisher to Overweight from Neutral. The analyst points to a jump in subscribers as a big reason for the upgrade. The analyst attributed part of that growth to the “Trump Bump.”

Walmart (WMT) is selling a majority stake of its British grocer Asda to UK rival Sainsbury’s. The deal values Asda at just over $10B. If approved, Walmart would have a 42% minority stake in the merged company which would become the grocery leader in the UK.

Amazon (AMZN) and Netflix (NFLX) are joining Paramount and Disney in a lawsuit to defend their content. The entertainment giants are suing Set TV for copyright infringement. Set offers 500 channels of unlicensed content for $20 a month. The lawsuit claims $150,000 for each work, which means Set could be liable for hundreds of millions of dollars if it loses this case.