American businessman; co-founded Oracle, CEO (1977–2014); CTO & executive chairman; billionaire investor
A coalition led by California Attorney General Rob Bonta has filed a federal lawsuit to block Paramount’s planned $110–111bn acquisition of Warner Bros. Discovery, arguing the merger will raise prices, reduce content and harm movie theaters and cable distributors. The companies have cleared many regulators and the DOJ approved the deal in June; the states are asking the firms to pause closing.
Snap has announced it is cutting 1,000 jobs, representing 16% of its workforce, citing rapid AI development. The company aims to reduce costs by over $500 million and improve profitability, with layoffs affecting mainly North American staff. The move follows similar layoffs across the tech sector driven by AI integration.
Trump has arrived in Beijing with a tech-focused delegation for talks with Xi Jinping. Ratner accompanies the trip to scout for Rush Hour 4 filming locations, while executives from major tech firms are present. The discussions centre on trade, Iran, and Taiwan, with some hints about potential film projects pending outcomes.
Tony Blair has published a 5,700-word essay urging Labour to prioritise policy over personality and return to a “radical centre.” Keir Starmer has rejected major elements of the critique. Andy Burnham and Wes Streeting have publicly attacked Blair’s omissions on inequality, leaving the party divided as the June 18 Makerfield by-election and a potential leadership contest approach.
As voters in the UK and US grow disillusioned with traditional leadership, both Prime Minister and President face internal and external pressures. The AI revolution is cited as a new fulcrum for politics, with potential consequences for governance and policy in coming months.
The Ellison family’s Paramount is pushing ahead with its deal to merge with Warner Bros. Discovery, amid heightened scrutiny from the DOJ and state attorneys general. Regulators have hosted a lengthy deposition and remain weighing antitrust implications, while Paramount’s chief legal officer frames opposition as politically charged. CBS News leadership changes have intensified internal turmoil.
The U.S. Department of Justice has approved Paramount Skydance’s proposed acquisition of Warner Bros. Discovery after an eight‑month probe, concluding the merger is unlikely to harm competition in streaming, linear TV or theatrical film markets. The transaction still faces reviews by U.K. and EU regulators and possible lawsuits from state attorneys general.
The U.S. Navy has used an autonomous surface vessel to rescue the crew of an AH-64 Apache near the Strait of Hormuz, marking a high-profile test of unmanned systems in combat zones. The drone picked up the pilots and transported them to safety where a helicopter completed the evacuation. The incident follows renewed tensions in the region.
Sean Penn is directing an as-yet-untitled drama about the January 6 riot, with Bradley Cooper in talks to star. The project, based on real individuals, follows an unexpected friendship and production is slated to begin mid-2027. The film’s release window overlaps with other political cinema, including Aaron Sorkin’s The Social Reckoning.
Comcast has announced a tax-free spin-off that will separate NBCUniversal and Sky into a standalone, publicly traded media company while leaving Comcast focused on broadband, wireless and business services. The company has said the separation will complete in about a year, executives told investors, and Comcast will initially keep up to 19.9% of the new media group.
Culture secretary has said she is minded to intervene in the Paramount-WBD merger on public-interest grounds, triggering regulatory scrutiny by Ofcom and the CMA. A final decision has not been taken; Paramount and WBD face a response deadline, with potential timelines extending into Q3 2026.