Fair fight, President Trump stated that he will stay out of the fight between Netflix and Paramount-Warner Bros

Netflix (NASDAQ: NFLX) stock rose 1.6% Thursday morning after U.S. President Donald Trump said he would not intervene in the ongoing battle between Netflix and Paramount Skydance over Warner Bros Discovery (NASDAQ:WBD).

The streaming giant’s shares gained following Trump’s comments to NBC News that he has “decided I shouldn’t be involved” in the high-stakes media merger review. This marks a reversal from his December statement when he said he would “be involved in that decision” regarding Netflix’s proposed acquisition.