Netflix is set to acquire Warner Bros. in a $72 billion deal for its streaming and studios business.

Some members of Congress on Friday deemed Netflix's (NFLX.O) $72 billion proposed acquisition of Warner Bros Discovery's studios and streaming unit an antitrust "nightmare" for consumers and creatives...

Netflix executives touted the deal as creating jobs and giving the company's 300 million subscribers "more bang for their buck" by adding more content at a time when the administration is focused on a...