Paramount, Netflix escalate Hollywood power tussle with bids for Warner Bros Discovery

A view of Warner Bros, Netflix and Paramount buildings during an ongoing Hollywood power tussle over the future of Warner Bros Discovery.

A fierce Hollywood power tussle erupted this week as Paramount Skydance launched a hostile bid valued at $108.4 billion for Warner Bros Discovery, challenging a competing proposal from Netflix and raising new questions about the future direction of one of Hollywood’s oldest studios.  The competing offers mark the company’s fourth major restructuring since 2000 and … Read more

Cassidy, Crapo introduce GOP alternative as Obamacare subsidies near expiration

Cassidy and Crapo announce GOP alternative to Obamacare subsidies

WASHINGTON — As enhanced Obamacare subsidies approach their year end expiration, two senior Senate Republicans unveiled legislation Monday that would replace the existing assistance with government funded health savings accounts, sharpening the divide between Democratic and Republican approaches to health coverage. The proposal, led by Sen. Bill Cassidy of Louisiana and Sen. Mike Crapo of … Read more

Alina Habba resignation triggers major shakeup in New Jersey US attorney’s office

Alina Habba standing at a podium in a federal building after announcing her resignation as US attorney in New Jersey.

Alina Habba resigned Monday as US attorney in New Jersey after a federal appeals court ruled that her extended interim appointment violated the law, ending a turbulent nine month tenure marked by political controversy, courtroom challenges and questions over presidential authority.  The Alina Habba resignation immediately reshaped leadership inside one of the Justice Department’s busiest … Read more

Supreme Court conservatives signal support for Trump in pivotal FTC firing showdown

WASHINGTON — Supreme Court conservatives appeared ready Monday to uphold former President Donald Trump’s decision to remove a Federal Trade Commission member.  A move that could dramatically expand presidential authority and weaken a landmark precedent that has shaped the administrative state for nearly ninety years. The justices spent more than two hours examining whether Trump … Read more

BlackRock AI investment approach zeroes in on infrastructure as tech giants intensify capex surge

BlackRock AI investment during global AI infrastructure growth.

BlackRock is sharpening its focus on the companies powering the backbone of artificial intelligence infrastructure, arguing that the wave of capital pouring into the sector is unlikely to slow anytime soon.  In a new assessment of global markets, the firm said rapid spending by tech giants is driving what it views as one of the … Read more

Dollar eases ahead of Fed interest rate decision as markets brace for volatile week

Dollar eases before Fed interest rate decision

The dollar eased Monday as global investors positioned for a pivotal week dominated by the highly anticipated Fed interest rate decision, a move widely expected to deliver a cut paired with unusually firm guidance.  Currency markets have drifted lower for three straight weeks, yet traders continue to rebuild bullish bets ahead of the central bank’s … Read more

Trump hosts Kennedy Center Honors, recognizing Stallone, Kiss, Gaynor and others

WASHINGTON — President Donald Trump hosted the annual Kennedy Center Honors on Sunday, celebrating Sylvester Stallone, Kiss, Gloria Gaynor and other performers for their contributions to American culture.  Trump, the first president to take the stage instead of sitting in a theater box, lauded the honorees as “legendary in so many ways.” “Billions and billions … Read more

Trump foreign policy draws global attention amid domestic challenges

President Donald Trump speaks on Trump foreign policy at an international forum

DOHA, Qatar — As President Donald Trump grapples with rising consumer prices, the Epstein files controversy and growing dissent within his own party at home, his domestic struggles appear to hold little sway on the global stage. At the Doha Forum, a major international gathering focused on diplomacy and geopolitics, foreign officials and global leaders … Read more

Benin coup attempt fails after loyal forces stop mutinous soldiers, officials say

Security forces stand guard in Cotonou after the Benin coup attempt was thwarted by the government

DAKAR, Senegal — Benin’s government said Sunday that it had thwarted an attempted military coup after a small group of soldiers briefly seized state television and announced they had removed the president and dissolved national institutions.  Officials said security forces regained control within hours, preventing what they called a coordinated effort to destabilize the country. … Read more

Canada oil pipeline could threaten BC coast, First Nations warn

Coastal community affected by Seaforth Channel diesel spill

Canada is weighing approval of a new oil pipeline that would transport bitumen from Alberta to the British Columbia coast, sparking renewed concerns among First Nations about potential environmental damage.  The proposal comes nearly a decade after a major diesel spill near the entrance to Seaforth Channel, which devastated local communities and highlighted the dangers … Read more