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Trump secretly transferred planes in Turkey amid security concerns, reports say
President Donald Trump secretly flew out of Turkey last month on a smaller aircraft as part of an elaborate ruse prompted by an Iranian threat, according to news reports.
Trump order aims to cut number of diseases all children should be vaccinated against from 18 to 11
The order reaffirms the dramatic overhaul to the vaccine schedule that Health Secretary Robert F. Kennedy Jr. announced earlier this year. Those changes have been blocked in court.
Trump to sign executive order calling for spacing out childhood shots
President Donald Trump will sign an executive order calling for spacing out childhood vaccines into separate medical visits and splitting the combined measles, mumps and rubella vaccine into three different
Gencom Divides Into Two Business Lines With Leadership Promotions
Real estate investment firm Gencom is reorganizing into two different business lines, with new hires and promotions to match.
Trump set to sign executive order targeting childhood vaccines
President Donald Trump will sign an executive order on Monday focused on childhood vaccines, according to White House press secretary Karoline Leavitt.
NIL bill advocates see goal line in sight after recess
After 16 wild hours that ended with a bipartisan college sports bill being punted in the middle of the night, President Donald Trump’s involvement was not enough to trigger votes on legislation he would like to add to his midterms and legacy sales pitches. As senators and senior aides bickered and postured all day and […]
Trump announces aide will soon step into White House counsel post
U.S. President Donald Trump declared in a Truth Social post that White House staff secretary Will Scharf will become White House Counsel.
Trump Family Business Empire Faces Fresh Scrutiny as Republicans Join Calls for Answers
President Donald Trump’s family businesses are facing renewed scrutiny over billions of dollars in earnings, a paid service offering faster access to his social media posts and financial transactions ...
Trump has a Carter-style Iran problem as the economy drags before the midterms
Donald Trump is staring down two stark liabilities that threaten to damage his Republican Party in the midterms and ruin his second term-legacy.
Trump announces staff secretary Will Scharf will be his new White House counsel
President Donald Trump says Will Scharf will be the new White House counsel, replacing David Warrington
Trump announces staff secretary Will Scharf will be his new White House counsel
President Donald Trump says Will Scharf will be the new White House counsel, replacing David Warrington.
Trump announces staff secretary Will Scharf will be his new White House counsel
President Donald Trump says Will Scharf will be the new White House counsel, replacing David Warrington.
Aaron Donald decision updates: Latest rumors, news for Rams return
Medicaid Cuts Could Kill Safety-Net Health Centers
Federally qualified health centers are an essential source of medical care for poor and working-class Americans, especially in rural areas and neighborhoods of color. Medicaid cuts in Donald Trump’s Big Beautiful Bill could shut them down.
Taylor Swift songs removed from Trump campaign material
Taylor Swift songs have been removed from videos posted online by Donald Trump’s campaign and the White House.
Darline Graham has Donald Trump in her corner. Will it be enough to win her brother’s Senate seat?
Tuesday’s special GOP primary to replace the late Sen. Lindsey Graham on the November ballot is likely heading to a runoff, despite Trump’s endorsement and his popularity with the base.
Trump has squandered Republicans’ typical advantages in 2 key areas
President Donald Trump’s political stature is so poor right now that he has squandered the Republican Party’s typical advantage on both the economy and national security.
Here's why both of New Mexico's senators voted against Todd Blanche for Trump's Atty General
By a one vote margin, 50-49, the United States Senate voted early Saturday morning to approve President Donald Trump’s nomination of Todd Blanche, his former personal attorney and acting attorney general, to be the permanent Attorney General of the United States. Todd’s nomination was opposed by every Democrat and two Republicans, Susan Collins of Maine […]
Taylor Swift songs removed from several White House TikTok videos
Taylor Swift's music is no longer available on several videos posted by President Donald Trump's Team Trump TikTok page.
Trump’s White House ballroom foes face ‘very tough argument’ at Supreme Court, legal experts say
Legal experts say the National Trust for Historic Preservation faces a tough standing hurdle at the Supreme Court over Trump's White House ballroom.
What to know about Trump's new attempt to limit birthright citizenship
A Supreme Court decision in June struck down a previous attempt at restricting birthright citizenship, but Thursday’s orders were made with “adjustments” keeping the decision in mind, President Donald Trump said.
Taylor Swift removes multiple songs from Trump social media posts
An official Donald Trump campaign account used multiple Taylor Swift songs in TikTok posts supporting the president —until copyright claims removed the singer’s music from the account.
Letters: Dollars and sense of Dodgers acquiring Tarik Skubal
Readers of the Los Angeles Times Sports section give their thoughts on the Dodgers acquiring ace pitcher Tarik Skubal, the Angels situation, Aaron Donald and more.
Letters to Sports: The dollars and sense of the Dodgers acquiring Tarik Skubal
Readers of the Los Angeles Times Sports section give their thoughts on the Dodgers acquiring ace pitcher Tarik Skubal, the Angels situation, Aaron Donald and more.
‘It’s been chaotic’: Trump’s immigration crackdown prompts worries from industry groups
Industry groups ranging from construction to agriculture are raising concerns with the Trump administration over its ongoing immigration crackdown, arguing it is undercutting President Donald Trump’s agenda and weakening the economy, according to multiple groups who spoke with CNN and sources close to the White House.
Trump’s unfinished ballroom faces uncertain path after latest legal blow
President Donald Trump has dug himself a hole.
Blanche ‘honored’ after Senate confirms him as attorney general in narrow vote
Donald Trump’s former defense lawyer confirmed by 50 votes to 49 early on Saturday morning, with senators deferring action on president’s voting bill until after recess
Blanche confirmed as attorney general at a Justice Department shaped to serve Trump
Todd Blanche, who risked his career as a prestigious member of New York’s legal establishment to keep Donald Trump out of jail, was confirmed Saturday as the attorney general.
Aaron Donald Responds to Rams Return Buzz After Practice Appearance
Los Angeles Rams star Aaron Donald is getting closer to coming back, and on Friday, August, he finally spoke about his possible return. The post Aaron Donald Responds to Rams Return Buzz After Practice Appearance appeared first on LA Sports Report.
Senate confirms Cameron Hamilton to lead FEMA and clears 73 other Trump nominees
Hamilton was among a group of 74 nominations approved by the Senate, including President Donald Trump's pick to lead the Transportation Security Administration, David Cummins, and his choice for ambassador to Brazil, Daniel Perez.
National Academies backtracks on disputed climate science chapter, will review process
The review comes after President Donald Trump threatened funding for the National Academies over educational material about climate change.
Trump considering renewing push to fire Lisa Cook from Federal Reserve Board
President Donald Trump is signaling that he may move forward with his attempt to fire Federal Reserve Board Governor Lisa Cook over mortgage fraud allegations.
Will Mississippi send a Black Democrat to the US Senate? Scott Colom says don't count him out
Scott Colom is a Black man and a Democrat running for the U.S. Senate in Mississippi, a state traditionally led by white conservatives. Colom aims to unseat Republican Sen. Cindy Hyde-Smith, a white supporter of President Donald Trump who is seeking her second term.
Climate change created conditions for Canada fires, scientists say, as Trump blames mismanagement
Human-caused climate change doubled the likelihood of the tinderbox weather conditions that sparked Canada’s massive summer wildfires and in turn angered U.S. President Donald Trump, according to a study released Thursday.
Trump warned that Congress is trying to regulate the AI industry "out of business"
NIST separately proposed new federal guidelines Friday for evaluating AI systems, asking for public comment
Trump’s middle finger to the GOP’s midterm worries
President Donald Trump just made some of his most flippant comments to date about his party holding onto power in November.
'I’m very good at grass.' Why Trump goes into the weeds on one of his favorite topics
President Donald Trump loves talking about grass, even in settings where such a topic might seem out of place. Since returning to the White House early last year, the Republican has spoken about grass at least 45 times in public events or interviews.
Hillary Clinton blasts Trump’s White House changes as ‘reminiscent’ of Saddam Hussein’s palaces
Hillary Clinton blasted President Donald Trump’s overhaul of the White House in an interview posted Friday, telling podcast host Kara Swisher that Trump’s “tackied up” décor is “reminiscent” of dictator Saddam Hussein’s palaces in Iraq.
Tennessee voters oust Trump-backed congressman, set fall matchup for redrawn Memphis-area House seat
Former Tennessee Agriculture Commissioner Charlie Hatcher defeated U.S. Rep. Andy Ogles in a Republican primary Thursday for a significantly reshaped congressional district — marking a rare rejection of a candidate endorsed by President Donald Trump.
Appeals court says Trump is unlawfully constructing White House ballroom
A divided federal appeals court ruled Friday that President Donald Trump is unlawfully constructing a massive new ballroom at the White House, possibly teeing up a high-stakes showdown over the issue before the Supreme Court.
Trump says Congress wants to regulate AI industry 'out of business'
U.S. President Donald Trump said the U.S. Congress wants to regulate the AI industry "out of business," according to a Punchbowl News interview published on Friday.
Trump says Congress wants to regulate AI industry ‘out of business’
By Courtney Rozen WASHINGTON, Aug 7 (Reuters) - U.S. President Donald Trump said the U.S. Congress wants to regulate the AI industry "out of business," according to a Punchbowl News interview published on Friday. Trump's remarks underscore a widening...
Trump says Congress wants to regulate AI industry 'out of business'
U.S. President Donald Trump said the U.S. Congress wants to regulate the AI industry "out of business," according to a Punchbowl News interview published on Friday. Trump's remarks underscore a wid...
Blanche's attorney general confirmation is in doubt as GOP Sen. Murkowski opposes his nomination
Republican Sen. Lisa Murkowski said Friday she will oppose Todd Blanche’s nomination as attorney general, narrowing the confirmation path for President Donald Trump’s pick to lead the Justice Department.
Sen. Lisa Murkowski says she’ll oppose Todd Blanche’s AG nomination
She said she’s concerned he cannot lead an independent Justice Department under President Donald Trump
Sen. Lisa Murkowski says she’ll oppose Todd Blanche’s AG nomination
She said she’s concerned he cannot lead an independent Justice Department under President Donald Trump
Gerald Winegrad: The Trump administration’s unprecedented attacks on science
Opinion: Donald Trump’s second term has been the worst period in our nation’s history for the advancement of science and its use in governance, writes Gerald Winegrad.
Trump unbound: the making of an imperial presidency
Donald Trump’s second term is unlike his first. The politicians who challenged him are gone. The lawyers who once pushed back now choose their battles. What remains is an imperial president with almost no internal checks - using executive power to reshape everything from the economy to immigration and even the presidency itself.
Why McDonald’s value strategy still isn’t paying off
The Chicago-based fast-food giant reported that U.S. sales growth in the second quarter was lackluster.
Donald Trump refuses to say whether Ohio Republican Max Miller should step aside by tomorrow
Former senior adviser to Trump is seeking reelection despite domestic abuse allegations by his ex-wife
MrBeast's pitch decks show how his ambitions have changed over time
Newly filed court docs show that the world's biggest creator, whose real name is Jimmy Donaldson, explored podcasts and NFTs in an earlier era.
Rep. Andy Ogles loses his Republican primary in Tennessee
Ogles lost despite having President Donald Trump’s endorsement, NBC News projects. Former state Agriculture Commissioner Charlie Hatcher will be the GOP nominee.
Aaron Donald decision could be made in the coming days
Donald could be on the field for 30-40 snaps in Week 1 vs. 49ers.
Trump tries new tack against birthright citizenship after Supreme Court snub
President Donald Trump signed two executive orders targeting children born to foreign lobbyists and tourists. The orders are certain to face legal challenges.
Trump again tries to curb birthright citizenship and ‘birth tourism’ through executive action
President Donald Trump is taking another swing at so-called birth tourism and birthright citizenship, citing a “very unfortunate decision” in the Supreme Court this year.
WATCH: Trump signs executive orders imposing new limits on birthright citizenship
President Donald Trump said Thursday that he is once more trying to limit the number of people who are born in the country who can become American citizens, in a sign that even after his first attempt at limiting birthright citizenship was rejected by the Supreme Court, he's ready to try again.
White House drafting order on vaccines, autism despite pollsters’ warnings
The effort underscores President Donald Trump’s determination to elevate vaccine policy even as a federal judge has halted Health Secretary Robert F. Kennedy Jr.’s sweeping vaccine overhaul.
Trump has broken a lot of rules of politics. He’s about to face his biggest test.
After the midterms, he could quickly become a lame duck.
Trump grows angry over reports on depleted munitions — believing it weakens him in Iran negotiations
President Donald Trump has privately complained in recent days that disclosures on the dwindling US munitions stockpile make the United States look weak at a critical juncture, senior US officials said.
Trump told donors 'we need to elect JD,' source confirms, as he weighs Vance or Rubio in 2028
President Donald Trump told Republican donors "we need to elect JD" in a private Oval Office meeting, a source confirmed to Fox News Digital.
Chris Shula would be "really excited" about Aaron Donald returning (if he does)
Rams defensive coordinator has considered what it would mean to have Donald and Myles Garrett together.
Mike Macdonald provides update on Zach Charbonnet's rehab
Zach Charbonnet underwent surgery to repair the torn anterior cruciate ligament in his left knee on Feb. 20.
With nothing to run on, Republicans return to low road ‘gutter’ politics
Donald Trump's disastrous time in office has left campaigning Republicans with very little to boast about to constituents back home. What they are left with instead is their familiar playbook of culture war scare tactics and divisive distortions to try to scare voters into supporting them. Senator Ted Cruz wasted no time to resort to absurd smears when asked about Democratic Senate candidate from Michigan, Abdul El-Sayed.
Science|Business summer reads of 2026
As most people in the European research and innovation policy bubble are going on a well-deserved summer break, we have come up with a list of our favourite books, podcasts and essays from the past year that ask deeper questions about science, technology and politics.BooksPasteur’s Quadrant: Basic Science and Technological Innovation, by Donald StokesIf you haven’t read Pasteur’s Quadrant yet, now is the time. In the EU and elsewhere, we’re living through a period of dwindling faith that curiosity-driven research automatically leads to economic growth and technological progress. Pasteur’s Quadrant, published in 1997 by the Princeton academic Donald Stokes, is the most influential critique of the standard “linear model” of R&D: the idea that new discoveries made in ivory-tower labs get neatly passed on for commercialisation by start-ups. In reality, Stokes argues, practical applications often inspire more theorical lines of inquiry. Of course, we have long known that things are more complex than the linear model, but even today, it’s still often assumed in Brussels discourse. The book is a useful corrective, and is being used now to argue for new types of scientific institutions. David MatthewsThe Weaponization of Expertise: How Elites Fuel Populism, by Jacob Hale Russel and Dennis PattersonAre society’s problems solvable by technical expertise alone? “If only the benighted would listen,” say Jacob Hale Russel and Dennis Patterson, two professors at Rutgers Law School who got frustrated with how scientists and politicians handled public health communication during the Covid-19 pandemic. In the book, they argue that clichéd mantras about scientific evidence and expertise perpetrated by academics, journalists and politicians have harmed public trust in the very institutions they were trying to defend. Paradoxically, slogans such as “we believe in science,” “follow the science” and “defer to the experts” can fuel mistrust in science, experts and democratic institutions. The authors criticise “condescension” and “technocratic paternalism” in the public discourse and make the case for a more nuanced approach to scientific and expert policy advice that rests on humility, doubt, scepticism and open dialogue. “Most complex social questions in fact revolve around values, not the recitation of unambiguous facts,” they say. Florin ZubascuBreakneck: China's Quest to Engineer the Future, by Dan WangIn this book, Dan Wang compares the structural differences between the US and Chinese industrial policies, but raises a very timely question for innovation policy wonks: how can advanced manufacturing know-how contribute to technology-intensive economic growth? Wang says technology has three components: the tools, the blueprints and patents, and the process knowledge. The third component represents the “proficiency gained from practical experience, which isn’t easily communicated and requires years of implementation.” According to Wang, rather than seeing tools and blueprints as the ultimate ends of technological progress, policymakers should see them as milestones in the training of better scientists and manufacturers. Over the past decades, China has amassed “process knowledge” because capital flowed to complex fabrication facilities, while investors in the West have parked their money in capital-light businesses such as digital platforms or chip companies that focus on design. As it turns out, thanks to its oversized focus on manufacturing, China has gained remarkable advantages in the global technology race. Florin ZubascuBaltic: The Future of Europe, by Oliver MoodyWhat can Europe learn from the nine countries surrounding the Baltic Sea? Alongside the familiar stories about Estonia's digital transformation, the book examines how the region has used technology, resilience, education, governance and long-term thinking to respond to geopolitical, economic and security challenges. Innovation policy wonks might find fresh perspectives on how innovation can strengthen defence, societal resilience and Europe's capacity to adapt in an uncertain world. Whether or not you agree with all of Oliver Moody's conclusions, the book is a useful guide to a region that is increasingly shaping European debates on security, competitiveness and technology. Goda NaujokaityteThe Invention of Nature, by Andrea Wulf This book chronicles the wild and adventurous life of natural science pioneer Alexander von Humboldt who at some point in the 19th century seems to have been just about the most famous person in the world. Through scientific expeditions to the Andes Mountains and to the depths of Siberia, von Humboldt contributed a host of discoveries and concepts. During his life he met and formed relationships with historical figures as different as Johann Wolfgang von Goethe, Simon Bolivar, Thomas Jefferson, Napoleon Bonaparte and Charles Darwin. He is also claimed to be the person in the world with most things named after him, a list that includes an ocean current, a penguin and a region of the Moon. Still venerated in Germany, with numerous scientific institutions named after him, von Humboldt has slipped out of public consciousness in most of the rest of the world. For anyone not familiar with him, this book does a good job of describing his fascinating life. Ole EllekrogCareless People, by Sarah Wynn-WilliamsYou may have heard this referred to as the book Meta doesn’t want you to read. The 2025 memoir from Sarah Wynn-Williams, former director of global public policy at Meta, then just called Facebook, includes explosive claims about everything from a toxic workplace culture to how the company worked with advertisers to target vulnerable teens, and the lengths it was prepared to go to in order to break into China. It’s a fascinating insight into how and why the tech company gradually shifted its approach to policy, whether in the US, Europe or Asia. Meta has denied the allegations in the book, and last year won an emergency ruling to prevent Wynn-Williams from promoting it. In response, the author is now suing her former employer. If that doesn’t make you want to read it. Martin GreenacrePodcastsThe Europeans: Europe’s anti-ElonThis podcast is a great choice for a light-hearted dose of European policy and culture news. Most of it has little to do with research, innovation and technology, but this particular podcast features an interview with Mastadon’s founder Eugen Rochko. He talks about his experience running an open-source, federated, European-made social media platform, and leaving it all behind. The conversation, which starts 14 minutes in, gently encourages us to reflect on what kind of technology we, as Europeans, want to make. Goda NaujokaityteSolarpunk and how we escape dystopiaNew technologies are very often taken from science fiction. Alberto Santos-Dumont, inventor the airship, was inspired as a child by the adventure stories of Jules Verne. OpenAI’s attempt to build a personal assistant with the voice of Scarlett Johansson was lifted from the 2013 film Her, completely ignoring the movie’s cautionary message. So if we want better tech, we need to imagine it first. Unfortunately, the state of current sci-fi is relentlessly dystopian, giving inventors precious few ideas or hope. However, a new genre, Solarpunk, which envisages a technologically advanced but ecologically harmonious future, is now taking off. The actual tech the genre imagines, such as permaculture, renewable energy or community repair workshops, while nice, isn’t all that inspiring or ambitious. But it’s a first step towards rescuing sci-fi from its pessimistic Blade Runner rut. David MatthewsEveryday AbundanceLaunched in June, Everyday Abundance is a podcast that tells the stories of the inventions we now take so for granted that we barely given them a second thought. For example, the washing machine, which liberated women from a lifetime “bent over washtubs and washboards.” Or modern dentistry, which ended the reality that “tooth pain was simply part of human life.” Historians of technology, Virginia Postrel and Charles C Mann are very much on the optimistic end of the spectrum when it comes to the capacity of invention to improve human life. Here, they set out their case: if it wasn’t for progress, you might be hunched over a washtub with toothache rather than reading these words. David Matthews‘We will not know what we lost’: Conservation fallout a year after USAID shutdownSince his return to the White House, Donald Trump has been on a mission to undermine science. He slashed jobs at federal agencies, terminated grants in some research areas, took unprecedented control over university affairs and, within hours of his inauguration, suspended the US Agency for International Development. While its initial focus was to administer health and food aid around the world, it had since expanded to conservation projects. The result? Some of these projects were stopped abruptly. In this Mongabay podcast, environmental reporter Michelle Nijhuis tells the story of the EcoGuard conservation programme in Liberia, whose local patrols had helped protect rainforests, monitor endangered wildlife and track illegal threats. From one day to the next, these were left without salaries. Luckily, she notes, the initiative was able to get emergency funding from international NGOs, but its future remains “incredibly uncertain.” Juliette PortalaEssaysThe Mars Delusion, by Henry WismayerWhy is humankind so fixated on establishing a colony on Mars? asks London-based writer Henry Wismayer. From space evangelists promoting Martian settlement as an insurance policy, to billionaire Jeff Bezos, who said humans should settle on Mars “because it’s cool,” the mission is not running short of advocates. However, in this essay, Wismayer reminds us that some critics expect any future Mars pioneer to end up “irradiated, sick, mad and dead.” Scientists have already looked into the possible effects of prolonged exposure to Martian gravity, and it’s not pretty: muscle shrinking, bones weakening, changes to the central nervous system and other biological modifications to make us all reconsider the journey. “Some researchers have forecast that the future settler, after generations of evolutionary conditioning, will look less like an Übermensch and more like ET,” Wismayer writes. Juliette Portala
New CDC director is confirmed, with Senate backing Dr. Erica Shwartz
The Senate voted in favor of Dr. Erica Schwartz, who was deputy surgeon general during President Donald Trump’s first term.
The Humiliated President
As Donald Trump faces one embarrassment after another, he is attacking those he blames.
Judge criticizes Trump's Justice Department as he says he has no choice but to dismiss Jan. 6 seditious conspiracy case
The move Tuesday closes the book on the Jan. 6 cases that were wiped out with Republican President Donald Trump's sweeping pardons and commutations last year, freeing from prison people convicted of violent of assaults on police and other crimes.
House Democrats just added 12 'safe' Trump districts to their midterm election target list
The move brings the Democratic Congressional Campaign Committee's list of targets to 58, an ambitious list that reflects President Donald Trump's diminished standing with the electorate and Democrats' belief that they can capitalize on voters' frustrations.
Report: Aaron Donald exploring media space, developing docuseries
Aaron Donald has signed with a management team to "grow his business, brand partnerships and overall profile" in media and entertainment.
Donald Trump and the Rise of Parasocial Politics
As technology has brought us closer to our politicians, it has simultaneously tricked us into believing we have a real relationship with them.
Aaron Donald’s Post-Playing Career Plans Revealed Amid Return Rumors
Rams star Aaron Donald is reportedly eyeing a post-playing media career despite his rumored plans to return to football. The post Aaron Donald’s Post-Playing Career Plans Revealed Amid Return Rumors appeared first on LA Sports Report.
In the Reflecting Pool fiasco, Trump’s ‘alternative facts’ again crash into reality
Jeanine Pirro faced a choice that all President Donald Trump’s team members confront sooner or later: Do they live in his world, or the real one?
Aaron Donald looks to establish a media and entertainment footprint
As defensive tackle Aaron Donald focuses for now on whether he'll end a two-year playing hiatus in pursuit of a second Super Bowl ring, he's activating a longer-term vision for his post-football future.
McDonald's says US sales slowed after value deal push fell short
CEO Chris Kempczinski says weak promotion of value deals and a pullback in digital deals led to a drop in visits from McDonald's loyal customers.
McDonald’s Business Slows Amid Shakeup of Digital Deals
McDonald’s says an attempt to lure budget-conscious consumers backfired in its latest quarter. The fast food giant reported earnings Tuesday (Aug. 4)
National Park Service says Trump's arch would adversely affect 37 historic sites
President Donald Trump proposed the 250-foot-tall arch last year to commemorate the country's 250th anniversary
National Park Service says Trump's arch would adversely affect 37 historic sites
President Donald Trump proposed the 250-foot-tall arch last year to commemorate the country's 250th anniversary
Todd Blanche's nomination for attorney general clears critical hurdle
The Senate Judiciary Committee voted 12-10 along party lines in support of the nomination of President Donald Trump's former personal attorney
National Park Service says Trump's arch would adversely affect 37 historic sites
President Donald Trump proposed the 250-foot-tall arch last year to commemorate the country's 250th anniversary
19 defendants charged in Pennsylvania home healthcare fraud schemes
Nineteen defendants are facing criminal charges following an investigation into healthcare fraud in Pennsylvania, officials said.
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
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