03:51 PM EDT, 10/15/2025 (MT Newswires) -- Consumer stocks were edging up late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%.

In corporate news, Paramount Skydance ( PSKY ) CEO David Ellison may submit an official merger bid for Warner Bros. Discovery ( WBD ) in the coming days, the New York Post's On The Money reported Wednesday. Paramount Skydance ( PSKY ) shares added 0.2%, and Warner gained 3.1%.

Stellantis ( STLA ) plans to invest $13 billion in the US over the next four years to expand production and manufacturing. The stock rose 1.9%.

Papa John's (PZZA) shares jumped past 10% after Reuters reported that Apollo Global Management (APO) offered to acquire the company in a take-private deal for $64 a share.

TrueCar ( TRUE ) shares surged 62% after the company agreed to be acquired by Fair Holdings, an entity led by TrueCar ( TRUE ) founder Scott Painter, for $227 million in cash.

Lovesac ( LOVE ) shares rose 1.7% on Wednesday after Chief Executive Shawn Nelson David bought 1,000 shares at $14.41 per share.