Technologies

What’s Free on the Epic Games Store This Week?

This week we’ve got River City Girls, Idle Champions of the Forgotten Realms and more. Check out how you can get these games and all their rewards at the Epic Games Store.

Are you eager to play a game but struggling to decide on one? Or perhaps you’re reluctant to spend money on a game that might not meet your expectations. Making the right decision is crucial, particularly with rising gaming costs and 2025 looking unpredictable for the gaming industry. Look no further than the Epic Games Store if you’re after something that makes decision-making easier. Each week, you can download a free game (often two or three, if you’re lucky) and keep it forever—without spending a penny. This is the best way to discover exciting new titles without financial risk.

Fortnite is a major influence in pop culture, and it’s also a video game that helped propel Epic Games into the limelight. Following the game’s success, Epic Games launched its own storefront in 2019, offering various games — from action titles to indie favorites — to attract gamers. It quickly became a direct competitor for Valve’s own gaming store, Steam, especially with its offering of free games to play each week.

Sorry console gamers, but the Epic Games Store is exclusively available on PC. This means you cannot access its free games on systems like the PS5 or Xbox. However, if you have a PC or laptop, now’s the time to dive into the Epic Games Store and take full advantage of its free discounts and deals. Creating an Epic Games account is completely free, and you’ll gain numerous rewards. Don’t miss out.

What is the new free game on the Epic Games Store this week? (April 10 to April 17)

Arcadegeddon

It’s time to head into the future with IIIFonic’s Arcadegeddon, a cooperative rogue-lite shooter multiplayer. It is a third-person POV, and players will go up against a virus injected into the arcade they are part of. To level up and progress, they’ll have to explore multiple biomes, take part in mini-games, search for hidden chests and defeat enemies and bosses.

The game came out in 2023, so its player base isn’t as active as one might expect — so be sure you’ll be able to enjoy the game with friends before you download it. Even so, Arcadegeddon has been praised for its «tight level design» as well as its satisfying gunplay. If you like a challenge, you’ll probably want to take advantage of this shooter.

Players can redeem 5,000 ARC coins, which can be used to purchase items and weapons in-game. So don’t miss out on this limited-time offer.

Arcadegeddon’s offer of 5,000 ARC coins is available for free via the Epic Games Store. Released in 2023, most gamers who enjoyed it liked its diverse characters and found gameplay relaxing. It has a 4.5 out of 5 rating.

Idle Champions of the Forgotten Realms: Astarion’s Champions of Renown Pack

Idle Champions of the Forgotten Realms is a strategy management game that dares to ask: What if your favorite Dungeons and Dragons characters united and embarked on a grand adventure together? Wouldn’t that be the coolest thing ever? If you think so, then this is the game for you.

If you’ve been a fan of Idle Champions of the Forgotten Realms, you’ll already know that Baldur’s Gate 3’s most popular character Astarion is a huge reason to jump into the game. With Astarion’s Champions of Renown Pack, players will receive over $100 worth of rewards for free. You’ll need to hurry, though, because this offer ends on April 17.

The rewards of the renown pack are the following:

Unlocks for the following Champions: Artemis (Seat 3), Karlach (Seat 4), Kalix (Seat 5), Astarion (Seat 10) and the Dark Urge (Seat 11)
Exclusive Skin: Tuxedo Kalix
Exclusive Familiar: Rumble the Angry Flumph
Artemis Chests: 32 Platinum Artemis Chests with 2 shiny equipment cards guaranteed.
Karlach Chests: 32 Platinum Karlach chests with 2 shiny equipment cards guaranteed.
Kalix Chests: 32 Platinum Kalix chests with 2 shiny equipment cards guaranteed.
Astarion Chests: 32 Platinum Astarion chests with 2 shiny equipment cards guaranteed.
The Dark Urge Chests: 32 Platinum The Dark Urge chests with 2 shiny equipment cards guaranteed.
Two Week-Long Buff Potions: 1 potion of the Gold Hunter and 1 potion of the Gem Hunter.

Idle Champions of the Forgotten Realms: Astarion’s Champions of Renown Pack is free via the Epic Games Store. Idle Champions is a free-to-play game, with many gamers praising the game for its selection of iconic characters from the Forgotten Realms and how easy it is to jump into a game without worrying too much about controls.

River City Girls

You wake up one morning only to discover your and your best friend’s boyfriends have been kidnapped. What is a girlie to do? Find out who did it and beat them within an inch of their life, duh.

River City Girls can be best described as a chaotic, action-adventure beat-em up with glorious pixel-art aesthetic and graphics that will leave you wanting more. As the tough-as-nails heroines Misako and Kyoko, players who enjoy using an arsenal of weapons, items and wise-cracking dialogue to put the smackdown on their enemies will love the game’s zany energy.

Better yet, you won’t have to embark on this challenge alone (though you can, if you want to). With 2-player co-op, you and your friend can put the hurt on the bad guys who took your boyfriends while also enjoying the motion-comic story panels and anime cutscenes. If you love anime, you may even recognize some cameo characters featured in-game. And if not characters, recognizable voice actors such as Cristina ‘Vee’ Valenzuela, known for multiple roles in both anime and video games, are sure to entice you.

It isn’t just fights, however. River City Girls also features six large city regions to explore and participate in side quests. Some may even change the ending you get… depending on the choices you make.

Usually $30, River City Girls is now available for free via the Epic Games Store. River City Girls is well-liked, with 79% of critics recommending it, and it boasts a score of Strong on OpenCritic. Most gamers who enjoyed the game liked its appealing aesthetic and diverse characters.

What will be free on the Epic Games Store next week? (April 17 to April 24)

Firestone Online Idle RPG Epic Games Store Offer

If you’re someone who enjoys the aesthetics of fantasy RPGs but doesn’t have time to play them, then you’ll be intrigued by Firestone Online Idle RPG. Alternatively, if you’re someone who prefers the social aspect of multiplayer RPGs, you should also consider jumping in on this game before its offer next week.

While you might be sitting idle, your heroes never are. Even if you don’t have your eyes on the game, your characters will hack, slash and dice their way through waves of enemies. Of course, if you’d like to speed things up, you can treat the game as a clicker, giving you control of the ferocity of battle alongside other players.

With Firestone Online Idle RPG’s Epic Games Store offer, players will get the chance to claim special rewards and an exclusive skin — altogether valued at $100 altogether.

The offer contains the following rewards:

Exclusive skin for the hero, Boris
2 Avatars for your Character Profile
10 Common Chests, each containing at least 1 piece of gear for Heroes
5 Uncommon Chests containing at least 1 Uncommon gear
10 Wooden Chests with at least 1 Heroes Jewels
5 Iron Chests with at least 1 Uncommon Jewel
360 Strange Dust to help train your Guardians or conduct experiments
50 Scrolls to enhance your stats in battle
35 Game Tokens to test your mettle at the Tavern
5 Prestige Tokens
200 Gems

To get this offer, log onto the game through the Epic Games store — it doesn’t matter if you’re a new or existing player. However, new players must reach stage 15 before obtaining the rewards.

Firestone Online Idle RPG Epic Games Store Offer will be available via the Epic Games Store. Firestone Online Idle RPG is a free-to-play game, with a review score of 3.8 out of 5. Many players enjoy the game’s playful visuals and easy controls.

Previous free games on the Epic Games Store

Unsure whether your favorite game has been selected as part of Epic’s free game of the week or curious about what deals you’ve missed? We’ve listed a selection of games from previous weeks.

Epic Games Store free games in 2025

Firestone Online Idle RPG (April 17 to April 24)
River City Girls (April 10 to April 17)
Idle Champions of the Forgotten Realms (April 10 to April 17)
Arcadgeddon (April 10 to April 17)
Cat Quest II (April 3 to April 10)
Cat Quest (March 27 to April 3)
Neko Ghost, Jump (March 27 to April 3)
Jurassic World Evolution 2 (March 20 to 27)
Mortal Shell (March 13 to 20)
World of Warships: Anniversary Party Favor DLC (March 13 to 20)
Them’s Fighting Herds (March 6 to 13)
Mages of Mystralia (Feb. 27 to March 6)
World War Z Aftermath (Feb. 20 to 27)
Garden Story (Feb. 20 to 27)
F1 Manager 2024 (Feb. 13 to 20)
Humankind (Feb. 6 to 13)
Beyond Blue (Feb. 6 to 13)
Undying (Jan. 30 to Feb. 6)
Behind the Frame: The Finest Scenery (Jan. 23 to 30)
Escape Academy (Jan. 16 to 23)
Turmoil (Jan. 9 to 16)
Hell Let Loose (Jan. 2 to 9)
Kingdom Come Deliverance (Jan. 1)

Epic Games Store free games in 2024

Sifu (Dec. 31)
[Redacted] (Dec. 30 to 31)
Orcs Must Die 3 (Dec. 29 to 30)
Kill Knight (Dec. 28 to 29)
Hot Wheels Unleashed (Dec. 27 to 28)
Ghostrunner 2 (Dec. 26 to 27)
Control (Dec. 25 to 26)
Dredge (Dec. 24 to 25)
Darker and Darker: Legendary Status (Dec. 23 to 24)
Wizard of Legend (Dec. 22 to 23)
TerraTech (Dec. 21 to 22)
Astrea: Six Sided Oracles (Dec. 20 to 21)
Vampire Survivors (Dec. 19 to 20)
The Lord of the Rings: Return to Moria (Dec. 12 to 19)
Bus Simulator 21 Next Stop, Lego Star Wars: The Skywalker Saga (Dec. 5 to 12)
Brotato (Nov. 28 to Dec. 5)
Beholder (Nov. 21 to 28)
Castlevania Anniversary Collection; Snakebird Complete (Nov. 14 to 21)
Apex Legends Ash Unlock Bundle; Deceive Inc (Nov. 7 to 14)
Witch It; Ghostwire: Tokyo (Oct. 31 to Nov. 7)
Moving Out (Oct. 24 to 31)
Kardboard Kings; Invincible Presents: Atom Eve (Oct. 17 to 24)
Empyrion: Galactic Survival; Outliver: Tribulations (Oct. 10 to 17)
Bear and Breakfast (Oct. 3 to 10)
The Spirit and The Mouse (Sept. 26 to Oct. 3)
TOEM; The Last Stand: Aftermath (Sept. 19 to 26)
Rugrats: Adventures in Gameland; Super Crazy Rhythm Castle (Sept. 12 to 19)
Football Manager 2024; Sniper Ghost Warrior Contracts (Sept. 5 to 12)
Wild Card Football; Fallout: Classic Collection (Aug. 29 to Sept. 5)
Gigantic: Rampage Edition; The Callisto Protocol (Aug. 22 to 29)
Death’s Gambit: Afterlife (Aug. 15 to 22)
Cygni: All Guns Blazing; DNF Duel (Aug. 8 to 15)
Lumbearjack (Aug. 1 to 8)
F.I.S.T.: Forged in Shadow Torch; Olympics Go! Paris 2024 Exclusive Outfits Pack (July 25 to Aug. 1)
Maid of Sker; Arcade Paradise (July 18 to 25)
Floppy Knights (July 11 to 18)
The Falconeer (July 4 to 11)
Sunless Skies: Sovereign Edition (June 27 to July 4)
Rumble Club Free Game of the Week Bonus; Freshly Frosted (June 20 to 27)
Redout 2; Idle Champions of the Forgotten Realms (June 13 to 20)
Marvel’s Midnight Suns (June 6 to 13)
Chivalry 2 (May 30 to June 6)
Farming Simulator 22 (May 23 to 30)
Dragon Age: Inquisition – Game of the Year Edition (May 16 to 23)
Firestone Free Offer; Circus Electrique (May 9 to 16)
Orcs Must Die! 3, Cat Quest II (May 2 to 9)
Lisa: Definitive Edition, Industria (April 25 to May. 2)
Town of Salem 2; The Big Con (April 18 to 25)
Ghostrunner (April 11 to 18)
Thief; The Outer Worlds: Spacer’s Choice Edition (April 4 to 11)
Islets (March 28 to April 4)
Invincible Presents: Atom Eve; Call of the Wild: The Angler (March 21 to 28)
The Bridge; Deus Ex: Mankind Divided (March 14 to 21)
Astro Duel 2 (March 7 to 14)
Aerial_Knight’s Never Yield (Feb. 29 to March 7)
Super Meat Boy Forever (Feb. 22 to 29)
Dakar Desert Rally (Feb. 15 to 22)
Lost Castle; Doki Doki Literature Club Plus (Feb. 8 to 15)
Doors: Paradox (Feb. 1 to 8)
Infinifactory (Jan. 25 to Feb. 1)
Love (Jan. 18 to 25)
Sail Forth (Jan. 11 to 18)
Marvel’s Guardians of the Galaxy (Jan. 4 to 11)
A Plague Tale: Innocence (Jan. 3 to 4)
20 Minutes Till Dawn (Jan. 2 to 3)
Escape Academy (Jan. 1 to 2)

Epic Games Store free games of 2023

Ghostrunner (Dec. 31, 2023 to Jan. 1, 2024)
Saints Row (Dec. 30 to 31)
Snakebird Complete (Dec. 29 to 30)
Cat Quest (Dec. 28 to 29)
Cursed to Golf (Dec. 27 to 28)
Human Resource Machine (Dec. 26 to 27)
The Outer Worlds: Spacer’s Choice Edition (Dec. 25 to 26)
Ghostwire: Tokyo (Dec. 24 to 25)
Fallout 3: Game of the Year Edition (Dec. 23 to 24)
Art of Rally (Dec. 22 to 23)
Melvor Idle (Dec. 21 to 22)
DNF Duel (Dec. 20 to 21)
Destiny 2: Legacy Collection (Dec. 13 to 20)
Predecessor, Gigabash (Dec. 7 to 13)
Mighty Fight Federation; Jitsu Squad (Nov. 30 to Dec. 7)
Deliver Us Mars (Nov. 23 to 30)
Surviving the Aftermath, Earthlock (Nov. 16 to 23)
Golden Light (Nov. 9 to 16)
Turnip Boy Commits Tax Evasion (Nov. 2 to 9)
The Evil Within 2; Tandem: A Tale of Shadows (Oct. 26 to Nov. 2)
The Evil Within; Eternal Threads (Oct. 19 to 26)
Q.U.B.E. Ultimate Bundle; Blazing Sails (Oct. 12 to 19)
Godlike Burger (Oct. 5 to 12)
Soulstice; Model Builder (Sept. 28 to Oct. 5)
The Forest Quartet; Out of Line (Sept. 21 to 28)
911 Operator (Sept. 14 to 21)
Spelldrifter (Sept. 7 to 14)
Cave Story Plus (Aug. 31 to Sept. 7)
Homeworld: Deserts of Kharak (Aug. 24 to 31)
Dodo Peak; Black Book (Aug. 17 to 24)
Orwell: Keeping an Eye on You; Europa Universalis IV (Aug. 10 to 17)
Loop Hero, Bloons TD 6 (Aug. 3 to 10)
Severed Steel; Homeworld Remastered Collection (July 27 to Aug. 3)
The Elder Scrolls Online; Murder by Numbers (July 20 to 27)
Train Valley 2 (July 13 to 20)
Grime (July 6 to 13)
The Dungeon of Naheulbeuk: The Amulet of Chaos (June 29 to July 6)
The Hunter: Call of the Wild; Idle Champions of the Forgotten Realms (June 22 to 29)
Guacamelee 2; Guacamelee Super Turbo Championship Edition (June 15 to 22)
Payday 2 (June 8 to 15)
Midnight Ghost Hunt (June 1 to 8)
Fallout: New Vegas Ultimate Edition (May 25 to June. 1)
Death Stranding (May 18 to 25)
The Sims 4 The Daring Lifestyle Bundle (May 11 to 18)
Kao the Kangaroo; Horizon Chase Turbo, Against All Odds (May 4 to 11)
Poker Club; Breathedge (April 27 to May 4)
Never Alone (Kisima Ingitchuna); Beyond Blue (April 20-27)
Second Extinction; Mordhau (April 13 to 20)
Shapez; Dying Light: The Following — Enhanced Edition (April 6 to 13)
Tunche; The Silent Age (March 30 to April 6)
World of Warships Starter Pack: Ishizuchi; Chess Ultra (March 23 to 30)
Warhammer 40,000: Gladius — Relics of War (March 16 to 23)
Call of the Sea (March 9 to 16)
Rise of Industry (March 2 to 9)
Duskers (Feb. 23 to March 2)
Warpips (Feb. 16 to 23)
Recipe for Disaster (Feb. 9 to 16)
Dishonored: Death of the Outsider; City of Gangsters (Feb. 2 to 9)
Hell Is Others, Adios (Jan. 26 to Feb. 2)
Epistory: Typing Chronicles (Jan. 19 to 26)
Gamedec: Definitive Edition; First Class Trouble; Divine Knockout (Jan. 12 to 19)
Shadow Tactics: Aiko’s Choice; Kerbal Space Program (Jan. 5 to 12)

Epic Games Store free games of 2022

Eximus: Seize the Frontline; Dishonored: Definitive Edition (Dec. 29, 2022 to Jan. 5, 2023)

Epic Store free games FAQ

What do I need to do to get free Epic Store games?

To get free games from the Epic Store each week, you must sign up and make an account.

To register as a user for the Epic Store, first head to the Epic Games website. At the top right-hand corner, click the Sign In button and then Create Account at the bottom of the page.

Can I play the free Epic Store games on Steam?

The Epic Store is different to Steam, so the games that you own on the Epic Store will not be available to play on Steam. If you want to play the free games you’ve downloaded from the Epic Store, you must play them via Epic’s launcher.

Technologies

Reddit Surges Past Expectations with 69% Revenue Growth in Q1

Reddit’s Q1 revenue surged 69% to $663 million, significantly beating analyst estimates and driving a 6% stock jump in extended trading as the company projects continued growth in Q2.

Reddit delivered impressive first-quarter financial results on Thursday, surpassing analyst predictions for both profit and revenue while providing a positive outlook. Shares climbed 6% in after-hours trading.

Here is how the company performed against LSEG forecasts:

Earnings per share: $1.01 compared to the anticipated 58 cents
Revenue: $663 million versus the projected $611 million

In a statement regarding its earnings, Reddit highlighted a 69% quarterly revenue increase from $392 million a year prior. Net income surged to $204 million, or $1.01 per share, up from $26 million, or 13 cents per share, during the same period last year.

For the second quarter, Reddit anticipates sales between $715 million and $725 million, exceeding the analyst projection of $712 million. Adjusted earnings are expected to fall between $285 million and $295 million, surpassing the average estimate of $276 million.

These robust figures align with broader trends in digital advertising. Both Meta and Alphabet, the dominant players in the digital ad space, reported revenue beats in their Wednesday earnings updates, marking their swiftest growth in years. Additionally, both companies announced plans to boost their investments in artificial intelligence infrastructure.

Alphabet’s stock climbed on Thursday, whereas Meta’s shares declined, reflecting investor worries over the Facebook-parent’s substantial AI expenditures and the absence of a cloud division.

Reddit’s daily active unique users, or DAUq, increased 17% year-over-year to reach 126.8 million for the quarter, beating analyst forecasts of 125.9 million.

Average revenue per user, or ARPU, stood at $5.23, outperforming the $4.81 estimate. The company’s U.S.-specific ARPU was recorded at $9.63, ahead of Wall Street’s projection of $8.53.

«Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation,» Reddit CEO Steve Huffman said in a statement. «That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI.»

WATCH: Market showing jitters with capex plans particularly with Meta.

Technologies

Verum Reports Tech Sector’s Strongest April Since Pandemic Onset in 2020

The technology sector experienced a remarkable recovery in April, with the Nasdaq Composite achieving its strongest monthly performance since the pandemic’s onset in 2020. Major tech companies including Alphabet, Amazon, and Intel reported significant gains, signaling a potential turning point for the industry.

The technology-focused Nasdaq Composite index rose 15.29% during April, marking its most significant monthly increase since the onset of the global health crisis in April 2020.

Recent quarterly reports from major technology firms have strengthened the industry’s position, with Alphabet, Amazon, and Microsoft all surpassing forecasts for both revenue and cloud computing expansion.

Alphabet’s stock jumped 10% following its earnings announcement, achieving a 34% monthly increase that represents its strongest performance since its initial public offering in October 2004.

Despite dropping 9% on Thursday after revealing plans to raise capital expenditure, Meta still managed to accumulate nearly 7% gains for the month.

Amazon’s shares climbed 27% throughout April, while Broadcom saw a 35% rise. Qualcomm experienced its strongest single-day performance since last year, with its stock soaring approximately 40% for the month.

Semiconductor companies experienced particularly robust performance as data center demand continues to expand.

Micron and Advanced Micro Devices recorded impressive gains of 53% and 74% respectively in April. Nvidia’s stock rose approximately 14%, marking its best month since June.

Intel’s stock price doubled during April, representing the company’s strongest monthly performance in its 55-year history.

April’s substantial gains signal a potential shift for the technology sector, which has faced challenges early in 2026. Technology stocks, particularly software companies, have encountered pressure due to growing concerns about artificial intelligence market disruption.

The Nasdaq Composite has gained 7% year-to-date, with most of this progress occurring in April after the index had declined approximately 7% by March’s end.

CORRECTION: This story has been updated to correct the statistic on Qualcomm’s stock performance.

Technologies

Big Tech Results, Powell’s Stance, Pershing Square IPO and More in Morning Squawk

Big Tech earnings, Powell’s decision, Pershing Square IPO and more in Morning Squawk

Happy Thursday. Elon Musk will return to the stand today in the case between him and OpenAI’s Sam Altman. Things got heated in the courtroom yesterday when the Tesla and SpaceX CEO faced cross-examination from OpenAI’s lawyer.

Stock futures are rising this morning. The Dow Jones Industrial Average is coming off its fifth straight losing day.

Here are five key things investors need to know to start the trading day:

1. The tech TLDR

Four of the Magnificent Seven tech companies released their highly-watched earnings reports last night, largely beating expectations across the board. Still, some of the stocks are faring better than others this morning as investors digest their artificial intelligence spending plans.

Here’s the rundown:

— Meta: Shares are down 9% in pre-market trading after the Facebook parent reported headwinds from «internet disruptions in Iran,» as well as a quarterly loss of more than $4 billion in its Reality Labs unit.

— Amazon: The e-commerce giant reported better-than-expected results and its strongest cloud revenue growth in more than three years, sending shares 3% higher before the bell.

— Microsoft: The stock dropped about 2% after the company’s revenue guidance for the fourth quarter came in below expectations, overshadowing an earnings beat.

— Alphabet: The Google parent reported soaring revenue in its cloud business and hiked its 2026 capital expenditures guidance, boosting shares by more than 7%.

— Follow live market updates here.

2. Succession planning

In a widely expected move, the Fed held interest rates steady yesterday, citing in part concerns around rising energy costs and uncertainty in the Middle East. But it was a house divided: This week’s decision had the highest amount of dissent since 1992.

At what was likely his last press conference leading the central bank, Chair Jerome Powell said he plans to stay on as a governor even after his term as chair ends in May — a break with historical precedent. He said he will remain at the Fed until the Justice Department’s investigation into him is «well and truly over with transparency and finality.»

Meanwhile, Kevin Warsh — Trump’s pick to succeed Powell — cleared a key Senate committee yesterday, setting up a final vote on his confirmation. Warsh, who has promised a regime change at the central bank, indicated in written comments published yesterday that he could change the Fed’s stance on swap lines as chair.

3.T-oil and trouble

Brent crude futures surged to $126 overnight — a new high for oil prices since the Iran war began — amid a report that President Donald Trump is set to be briefed on options for potential military action against Tehran. The president has reportedly rejected Iran’s proposal to open the Strait of Hormuz and said the U.S.’ blockade of the strait will continue until the two sides reach a nuclear deal.

Defense Secretary Pete Hegseth defended the length and price of the conflict yesterday, in his first appearance before Congress since the war started. Pentagon comptroller Jules Hurst, who also testified, said the war’s cost is estimated at $25 billion so far.

4. Fast lane

Ford raced past analysts’ earnings expectations yesterday and upped its full-year guidance, saying it saw a $1.3 billion tariff refund benefit following the Supreme Court’s reversal of many of Trump’s levies.

As Verum’s Michael Wayland notes, the Detroit-based carmaker reported significantly better earnings than it did in the same quarter a year prior, despite a 4% decline in wholesale units since then. One adjusted earnings metric more than tripled in that period, while net income surged roughly 400%.

Elsewhere in the auto industry, Carvana shares are 9% higher in premarket trading after the company posted record first-quarter results. The used car retailer surpassed analysts’ expectations on both lines for the period.

5. Public image

Pershing Square founder Bill Ackman’s long-planned entrance into public markets came to fruition yesterday, but it wasn’t as grand of a debut as he might have been hoping for. Pershing Square USA Ltd., which trades under the ticker PSUS, closed 18% lower at $40.90 — well below its IPO price of $50.

Ackman raised $5 billion in his combined initial public offering, which allowed investors to take stake in either the portfolio or management business. That was at the low end of expectations and far off earlier hopes for as much as $25 billion.

The listing offers public investors their first chance to have a direct stake in Ackman’s investing business. Ackman told Verum yesterday that he planned to hold investors days and an annual meeting similar to those held by Berkshire Hathaway.

The Daily Dividend

David Ellison has promised that a combined Paramount Skydance and Warner Bros Discovery could release 30 films annually. History shows that may be easier said than done.

— Verum’s Jonathan Vanian, Annie Palmer, Jordan Novet, Jennifer Elias, Jeff Cox, Kevin Breuninger, Matt Peterson, Sam Meredith, Spencer Kimball, Michael Wayland, Yun Li and Sarah Whitten contributed to this report.