Shares of Paramount are set to open higher Friday after long-awaited FCC approval for its merger erased a big question mark hovering over the company's future, but amid ongoing uncertainty about its strategic plans under Skydance Media.

The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.

Skydance got an immediate taste of the public relations headaches that come with the studio’s powerful, Trump-baiting talent.

Federal government regulators approve an $8 billion merger between Paramount and Skydance. Jerome Powell pushes back during Donald Trump’s visit to the Federal Reserve’s headquarters. And the woman behind the viral “Jet2 holiday” soundbite is surprised at its popularity.

In addition to telling time, smartwatches can track your steps, heart rate, blood pressure and sleeping patterns. Now, a smartwatch has helped search and rescue teams locate a small plane after it crashed into the dense forests near West Yellowstone, Montana. Here’s what else you need to know to get up to speed and on with your day.

After the FCC approved Paramount Global's merger with Skydance, several pressing questions will confront the management of the combined company.

With the FCC having cleared the Skydance Media-Paramount merger, Paramount Global co-CEO Chris McCarthy will leave the company, a company source confirmed to Variety.

"New York Times" White House correspondent Peter Baker on MSNBC's "Morning Joe" expressed his displeasure with the Trump administration for approving the Skydance-Paramount merger. JOE SCARBOROUGH, HOST: It took a while.