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Other Developments
A curated list of other prominent stories from this day.
6:19 PMVariety
‘Abbott Elementary’ Stars Sheryl Lee Ralph and Janelle James on the Paramount-Warner Bros. Merger: ‘We’ve Lost Too Many People’
Summary
“Abbott Elementary” stars Sheryl Lee Ralph, Janelle James and Luke Tennie discussed the pending Paramount-Warner Bros. merger and the broader decline in Los Angeles production. They warned that industry consolidation has already cost jobs and reduced opportunities.
The merger would add another layer of concentration to an industry already cutting production and
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Why it matters
Further consolidation could reduce both the volume of work and the range of television projects that get made.
Fintech That Soared on Trump Sells Core Business for $12 Million
Summary
A little-known fintech that reached a valuation above $1 billion after partnering with the Trump family’s crypto platform has sold its core business for about $12 million.
The sale marks a sharp reversal from the company’s headline valuation, showing how quickly politically
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Why it matters
The deal exposes the fragility of valuations built on political access and crypto hype rather than proven fundamentals.