Arm IPO, Saudi oil cuts, WBD feels strike impact: Top stories

Arm Holdings sets the price range for its upcoming IPO debut at between $47 and $51 a share. Oil rises as Saudi Arabia and Russia extend their production cuts for at least another three months. Warner Bros. Discovery (WBD) is feeling the impact of the Hollywood strikes, as the company lowers its earnings guidance. Yahoo Finance's Alexandra Canal takes a look at some of the top stories of the day.