The Kentucky spirits company’s bid for Brown-Forman comes as the industry is being buffeted by a decline in alcohol consumption.

Bankers say companies are braving higher oil prices and whipsawing stock prices to seize on the willingness of federal antitrust enforcers to approve mergers.

Netflix now has four business days to decide whether it wants to counter Paramount’s offer.

Warner Bros. Discovery said Paramount’s new offer of $31 a share could lead to a “superior proposal” to the deal it signed with Netflix.

Netflix, Warner Bros. Discovery’s preferred acquirer, now has four days to counter Paramount’s revised offer.

The president made the attack as Netflix and Paramount Skydance face a key deadline in a bidding war for Warner Bros. Discovery.

Paramount’s takeover bid was rejected in favor of Netflix, which wanted only the streaming and studio businesses. Paramount said it would pay more if negotiations…

Warner Bros. Discovery had agreed to sell itself to Netflix, but its contract allows it to pursue offers that may lead to a superior deal.