9:59 a.m. ET -- Penn Entertainment and Walt Disney are two of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Disney's ESPN unit struck a $2 billion deal to allow its brand to be used in Penn's online sportsbook as the companies try to tap into the sports-betting sector's growth. Penn shares rise nearly 16%. Dow Jones & Co. owns Factiva. (colin.kellaher@wsj.com)

(END) Dow Jones Newswires

August 09, 2023 10:15 ET (14:15 GMT)

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