- Under the settlement, Paramount pledged to increase domestic production and agreed to parameters for its theatrical releases, and will establish a new board focused on editorial independence for CBS and WBD-owned CNN. The deal was previously set for trial next spring.
- The AI rally drove the Nasdaq Composite up 2.26% to a record close, its first since June. Advanced Micro Devices hit a $1 trillion market cap for the first time, Meta jumped more than 11% on positive buzz for its Muse AI personal agent app, and Bitcoin rose above $86,000 to its highest level since January.
- OpenAI published new safety and security proposals for AI development, calling for global cooperation on standards for frontier models, with emphasis on alignment research and recursive self-improvement. Treasury Secretary Scott Bessent said developers need to take responsibility for themselves rather than expect a federal liability shield, and President Trump said the DOJ will rein in AI "if we have to."
- The White House television press pool suspended coverage after CNN was banned from acting as pooler for Trump's trip to the UN General Assembly. CNN, MS NOW and Politico filed suit against Trump to overturn the White House ban, with a first hearing scheduled for Wednesday afternoon.
Quotes
“Paramount pledged to increase its domestic production and agreed to certain parameters for its theatrical releases”
“the company is looking to close the deal in about two weeks”
“need to take responsibility for themselves”
“Advanced Micro Devices hit a $1 trillion market cap for the first time”