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Two major leaders in cryptocurrency are excited about the future of Bitcoin and are crediting President Donald Trump for fueling its recent growth.
Gemini co-founders Tyler and Cameron Winklevoss, fresh off their company's debut on Nasdaq and $3 billion market cap, touted their cooperation with the Trump administration's pro-cryptocurrency posture.
"This administration and President Trump are obviously very pro-crypto, pro-business and pro-innovation," Cameron Winklevoss, Gemini's co-founder, said during an interview Friday on "The Claman Countdown." 
WINKLEVOSS GEMINI IPO ANOTHER CRYPTO WIN
"That's very important to have the president and the White House sort of behind the growth of this industry, and I think every promise that was made has been kept, and then some. So, we're very encouraged with everything we're seeing."
EX-WALL STREET EXEC ALLEGEDLY DIVERTED MILLIONS FROM CASINO STARTUP TO FUND PERSONAL GAMBLING, CRYPTO TRADE
Cameron Winklevoss expanded on his optimism, suggesting the Trump administration's policies could help usher in an "American golden age of innovation," citing Bitcoin as one of the most important assets of the past 10 years.
"I think it's just the beginning," he told host Liz Claman.
The brothers also discussed their partnership with Mastercard on a Gemini Credit Card that can earn up to 4% back in crypto on select categories.
"It's really exciting," Cameron Winklevoss said. "I think people are done with the points game and the airline lounge game, where you, like, wait online, and then you can't get a seat once you get into the lounge." 
HOW TYLER WINKLEVOSS IS CEMENTING AMERICA'S CRYPTO COMEBACK
He touted the crypto-powered credit cards as a long-term investment in personal wealth. 
"Don't change your behavior," Tyler Winklevoss said, referring to purchasing habits. "Just swipe every time you buy something and invest in your future." 
Tyler Winklevoss also addressed how Gemini aims to "crush the competition" beyond its public market debut and the card, pointing to security and UX. 
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"Build great product with great design and user experience," he said. "We've never had a security instance ever in the history of Gemini. ... We use simple, reliable, secure, easy-to-use products like the Gemini credit card, and then the customers will choose us." 

via: https://www.foxbusiness.com/media/gemini-co-founders-tout-golden-age-innovation-amid-trumps-pro-crypto-policie

After conservative activist Charlie Kirk was shot and killed on Wednesday, Americans across the country donated millions of dollars through online fundraisers for his family, a surge of support underscoring his influence on the right and the legacy he left behind.
On GiveSendGo's giving platform, fundraising efforts have amassed more than $2.8 million. The company confirmed to Fox News Digital that one campaign set a record for raising the most money in the shortest period of time.
"GiveSendGo has always been a place where people can immediately respond to crises. Within hours of Charlie's tragic death, friends and supporters had set up a campaign. The fact that it took off so quickly shows just how deeply his life impacted people and how urgent the desire was to support his family," GiveSendGo co-founder and co-CEO Heather Wilson told Fox News Digital.
"What we're seeing is that people want to respond quickly when tragedy strikes, and crowdfunding has become one of the primary ways they do that.
LIVE UPDATES: CHARLIE KIRK ASSASSINATION SUSPECT TYLER ROBINSON NAMED, MUGSHOTS RELEASED
"We always remind ourselves that behind every campaign are real people who are hurting. Our responsibility is to provide a safe and secure platform for people to rally around one another in times of need," Wilson added. "When the spotlight is on us, we don't see it as pressure. We see it as an opportunity to point people back to hope, generosity and community."
The co-founder noted that Americans' generosity at this moment shows that grief often turns into action.
"When people feel powerless in the face of tragedy, giving becomes a tangible way to express love, solidarity and care," she said. "We also have a prayer button right next to the give button. People who can't give financially are still able to share hope, encouragement and prayer with the family, and that outpouring has been just as, if not more, moving than the dollars raised. It is exactly what Charlie stood for - a relationship with Jesus."
Several campaigns have also been started on GoFundMe, where a spokesperson told Fox News Digital that people are raising money for Kirk's wife and children and a permanent memorial at Utah Valley University. Some of the organizers include students from Utah Valley University and Turning Point USA chapter members.
"Our hearts go out to the Kirk family and everyone impacted by this tragedy. At GoFundMe, being a safe and trusted place to give and receive help is our top priority," the spokesperson said. "Our team is swiftly reviewing each fundraiser related to this horrific shooting to ensure they are verified and that funds are safely delivered to the intended beneficiaries."
GoFundMe also said there's a team dedicated to verifying each fundraiser, and it must be clear who the organizer is, who they're raising funds for and their relationship to the recipient. Verified fundraisers have raised more than $12,000 so far.
If GoFundMe cannot confirm information or verify legitimacy, its system allows for the fundraiser to be removed and donors refunded. The company emphasized its "zero tolerance" policy for misuse or fraud.
"We are actively working with fundraiser organizers to gather information and complete our verification reviews, and we appreciate their cooperation in working with us to help keep the platform safe," the spokesperson continued.
Kirk, a conservative media personality and founder of Turning Point USA, was shot at Utah Valley University while speaking at an event on campus Sept. 10. He died of his injuries at a local hospital, Utah officials said.
President Donald Trump was the first to officially announce Kirk's death, writing on Truth Social, "The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us. Melania and my Sympathies go out to his beautiful wife Erika, and family. Charlie, we love you!"
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During a "Fox & Friends" appearance Friday, Trump announced that the alleged suspect was in custody, saying, "I think with a high degree of certainty, we have him. ... Essentially, someone who knew him turned him in."
Utah officials and the FBI confirmed at a press conference Friday morning that the suspect is 22-year-old Utah resident Tyler Robinson. Trump said he hopes the suspect gets the death penalty if found guilty. He also explained how investigators located the suspect - with help from a minister, a member of the U.S. Marshals Service and the suspect's father.
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Fox News staff contributed to this report.

via: https://www.foxbusiness.com/media/americans-shatter-fundraising-records-after-charlie-kirks-tragic-death-university-even

The FBI's reward for information leading to the capture of the suspect who assassinated Charlie Kirk was boosted by offers of private donations.
Amid the manhunt for Kirk's killer, the FBI on Thursday announced a $100,000 reward for information leading to the assassin's apprehension, directing potential respondents to contact the FBI's tip line and submit any photos or videos to a website for the shooting.
The suspected killer, Tyler Robinson, was arrested in Washington County, Utah, late Thursday.
While the search was ongoing, several private individuals offered to augment the FBI's reward in the interest of bringing Kirk's killer to justice, including Trump advisor Alex Bruesewitz, conservative activist Robby Starbuck and billionaire Bill Ackman.
CHARLIE KIRK'S SUSPECTED ASSASSIN IDENTIFIED AFTER FATAL SHOOTING OF INFLUENTIAL CONSERVATIVE VOICE IN UTAH
Bruesewitz said during a Thursday appearance on Fox News' "The Story" that he would add $25,000 to the FBI's reward to boost the total to $150,000. 
He said that Kirk had been his friend since the age of 16 and that Kirk was an "incredible man" who he said was the "most impactful voice of our generation."
"He would never hurt anyone. It breaks my heart that it was him who got hurt," Bruesewitz said. "He only wanted to have conversations with people. He only wanted to debate people. He didn't use violence. He didn't use violent rhetoric. He just spoke the truth."
WHO IS TYLER ROBINSON? WHAT WE KNOW ABOUT CHARLIE KIRK'S SUSPECTED ASSASSIN
Conservative activist Robby Starbuck followed up by pledging to match Bruesewitz's contribution and bring the combined reward to $150,000.
Starbuck added that he hoped others would do the same and that the reward "should be higher" because "this monster must receive the death penalty."
Billionaire Bill Ackman responded to a post outlining Bruesewitz and Starbuck's pledges, adding that, "I am in for $1,000,000."
CHARLIE KIRK DEAD AT 31: WHAT TO KNOW ABOUT HIS LEGACY AT TURNING POINT USA
After accounting for those three contributions, the FBI's reward swelled from $100,000 to $1,150,000.
It's unclear at this time whether the reward money will be paid out following the arrest of Robinson on charges related to Kirk's murder.
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Fox News Digital's Greg Wehner contributed to this report.

via: https://www.foxbusiness.com/politics/fbi-reward-info-leading-arrest-charlie-kirks-assassin-boosted-private-donation

United Airlines and Spirit Airlines are clashing over the future of ultra-low-cost carrier (ULCC) models. 
While Spirit has thrived on this model, it filed for its second bankruptcy in under a year late last month.
Speaking at an industry conference on Thursday, United Airlines CEO Scott Kirby predicted Spirit Airlines would soon be out of business.
"That is a fundamentally broken business model, and the consumer has voted. They are going out of business because customers do not like their product," Kirby told moderator Brian Sumers, an airline industry journalist, according to APEX. 
When asked how he was so confident in the prediction, Kirby said simply, "because I'm good at math."
SPIRIT AIRLINES CUTS ROUTES, RIVALS POUNCE AS BUDGET CARRIER FACES BANKRUPTCY TURBULENCE
The sentiment is similar to one that Kirby expressed at the U.S. Chamber of Commerce's Global Aerospace Summit in Washington, D.C., earlier in the week. During the summit, he called the ULCC model "an interesting experiment" that ultimately "failed," Reuters reported.
"And it seems unlikely to me that Spirit can keep flying because their customers dislike the airline and don't want to fly," Kirby said on Tuesday.
Spirit Airlines fired back on X, saying, "Scott is finally right about something - it is all about customers. Our Guests love low fares, especially our new Spirit First and Premium Economy options. Maybe that's why United executives can't stop yapping about us."
While the two airlines argue, recent actions by each of the companies could indicate where they are headed. 
DELTA AIR LINES IS ENDING SERVICE TO SOUTHWEST CITY
Spirit Airlines announced earlier this month that it would be cutting several routes. The airline told FOX Business in a statement that it would end service to Albuquerque, N.M.; Birmingham, Ala.; Boise, Idaho; Chattanooga, Tenn.; Columbia, S.C.; Oakland, Calif.; Portland, Ore.; Sacramento, Calif.; Salt Lake City, Utah; San Diego, Calif.; and San Jose, Calif., effective the week of Oct. 2. The airline will no longer launch service in Macon, Ga., which was scheduled to begin Oct. 16.
Meanwhile, around the same time, United Airlines announced it would capitalize on routes discontinued if Spirit goes out of business. Starting Jan. 6, 2026, United Airlines will have new routes to 15 cities, including Fort Lauderdale, Orlando and Las Vegas, according to the airline.
United Airlines Senior Vice President of Global Network Planning and Alliances Patrick Quayle took a swipe at Spirit in a statement on the added routes.
"If Spirit suddenly goes out of business, it will be incredibly disruptive, so we're adding these flights to give their customers other options if they want or need them," Quayle said.
When asked about Kirby's comment about the airline going out of business, Spirit referred FOX Business to a previous statement made by Senior Vice President of Corporate Communications Duncan Dee.
In the statement, which was issued in response to Quayle's comments, Dee accused United Airlines executives of being "obsessed" with the no-frills carrier. Dee added that Spirit Airlines was "focused on competing and running a great operation."
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It remains unclear whether Spirit will be able to continue offering passengers affordable travel options or if its yellow planes are doomed to be grounded.
FOX Business reached out to United Airlines for comment but did not immediately receive responses. 
FOX Business' Daniella Genovese contributed to this report.

via: https://www.foxbusiness.com/economy/united-airlines-ceo-gives-5-word-prediction-low-cost-rival-go-out-busines

Homeowners have faced a sharp rise in monthly costs over the past five years, reaching new highs in 2024, according to a recent report.
In 2024, the median monthly ownership costs for U.S. homeowners with a mortgage increased to $2,035 from the inflation-adjusted $1,960 in 2023, according to data from the American Community Survey (ACS) that was released by the U.S. Census Bureau.
That 3.8% increase, driven largely by higher mortgage payments and insurance fees, outpaced the 3% rise recorded between 2022 ($1,902) and 2023.
Monthly costs have risen 26% since 2019, when the typical monthly cost for mortgage holders was $1,609, according to Realtor.com
MORE LUXURY HOMEBUYERS PAYING WITH CASH THIS YEAR, REPORT SAYS
"One way we measure housing affordability is based on how much households spend on selected costs such as mortgage payments, insurance, taxes, utilities and various fees," Jacob Fabina, a Census Bureau economist, said. "In 2024, the median percentage of income householders with a mortgage spent on these costs was 21.4%, which points to an increased burden on homeowners."
Homeowners with a mortgage in California, Hawaii, New Jersey, Massachusetts and the District of Columbia faced the highest median monthly costs, according to the report. In 2024, those figures reached $3,001 in California, $2,937 in Hawaii, $2,797 in New Jersey, $2,755 in Massachusetts and $3,181 in the District of Columbia.
THESE STATES SEE THE MOST ALL-CASH HOME PURCHASES
Vermont and New Mexico saw the largest increases in the number of homes that were paid off and owned free and clear between 2023 and 2024, according to the report. 
Aside from the typical mortgage and insurance costs, some homeowners also pay a homeowners' association (HOA) or condo fees. The report from the Census Bureau indicated that approximately 21.6 million owned U.S. households, out of a total of about 86.6 million, paid either a condo or HOA fee last year. 
HOME PRICES REACH RECORD HIGH IN JUNE - THESE STATES ARE THE MOST EXPENSIVE
The monthly median condo or HOA fee in 2024 was $135, though those fees differed between households with and without a mortgage. For instance, households with a mortgage paid a monthly median fee of $120, while those without a mortgage paid $184.
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At the same time, renters were also hit with higher costs. The median gross rent, which includes the cost of utilities, increased 2.7% to $1,487 in 2024 from $1,448 in 2023, adjusted for inflation, according to the ACS.
Meanwhile, the median percentage of income going toward rent did not increase in 2024, staying at 31%.

via: https://www.foxbusiness.com/lifestyle/homeownership-costs-spike-insurance-premiums-other-fees-ris

Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, will begin trading on Friday after raising $425 million in an initial public offering that signals another advance for the industry. 
Shares, which trade under the ticker GEMI, priced at $28 - the high end of the expected $24 to $26 range - giving the company a market cap of about $3 billion. It is listed on the Nasdaq, which recently invested $50 million in the deal.
The platform is "intended to simplify and secure the process of buying, selling, storing, staking, and collecting the digital assets that power the cryptoeconomy," as noted in the prospectus filed with the Securities and Exchange Commission.
It will join Coinbase and Bullish, two other publicly traded crypto exchanges.
The IPO advances the industry's American revival that began under President Donald Trump after the establishment of the GENIUS Act, signed in July, which is aimed to make the U.S. the crypto capital of the world.
"The Trump administration has been incredible for our industry. It ended the war on crypto and Gary Gensler's attacks and lawfare against us. It has also repealed a lot of guidance, rulemaking and bulletins that made it impossible for many market participants to do business in crypto," Tyler told FOX Business earlier this month ahead of the IPO. 
The brothers recently committed $21 million in bitcoin to the Digital Freedom Fund PAC, which supports pro-crypto political candidates with a focus on the upcoming midterm elections in efforts to maintain Republican control of the House and Senate.
Bitcoin, the largest crypto by market value, has advanced 22.5% this year and hit a new record Thursday night, hovering above $115,000.  
CEO Tyler Winklevoss and President Cameron Winklevoss will maintain 94.7% of the voting power of common stock. Ahead of the deal, the two were worth $14 billion, according to the Bloomberg Billionaire's Index.
About $21 billion of assets flowed through the platform with $285 billion in trading volume, as of July. The exchange is not profitable with $285.2 million in losses through June. Still, the duo sees a long runway ahead. 
"While we are still in the early stages of adoption, we believe that the cryptoeconomy will be embraced by billions of individuals and businesses globally in the coming decades," the company outlined in the SEC filing.
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Ethereum, the second-largest crypto, is up nearly 32%. It is still below its record $4,955.23 also reached last month. By comparison, the S&P 500, the broadest measure of the stock market, is up 12%.

via: https://www.foxbusiness.com/markets/winklevoss-gemini-ipo-another-crypto-wi

Social Security beneficiaries are likely to receive a larger cost of living adjustment (COLA) next year after the latest inflation data show price pressures persisting, according to a new report.
Social Security's COLA is calculated using a variant of CPI data that measures average annual inflation for the months of July, August and September - meaning the final COLA for 2026 will be unveiled after September's CPI print is released in mid-October.
The Bureau of Labor Statistics on Thursday released the consumer price index (CPI) for August, which showed headline inflation rising from 2.8% in July to 2.9% last month on a year-over-year basis. Headline CPI rose 0.4% for the month of August.
With the latest data in hand, The Senior Citizens League (TSCL) estimated that the Social Security COLA will be 2.7% when it's announced next month - which would raise the average monthly benefit for retired workers by $54 from $2,008 to $2,062.
A BIG CHANGE IS COMING FOR SOCIAL SECURITY RECIPIENTS AT THE END OF SEPTEMBER
TSCL noted that its latest estimate is higher than what was projected at the outset of this year, when it estimated there would be a 2.1% COLA, because "inflation is substantially higher" than its model anticipated. 
It also noted that a COLA of 2.7% would be roughly average from a historical standpoint, as the annual benefit adjustments have averaged 2.6% over the last 20 years. The highest COLA was 8.7% in 2023, while the lowest were in 2010 and 2011 when the COLA was 0.0%.
INFLATION REMAINED STUBBORNLY HIGH IN AUGUST AS FED WEIGHS RATE CUTS
TSCL Executive Director Shannon Benton noted that the group's research shows that "many seniors believe inflation is much higher than the COLA estimates," and that about 80% of seniors thought inflation last year was substantially higher than the 2.5% COLA implemented at the start of this year.
The nonpartisan Committee for a Responsible Federal Budget (CRFB) developed its own forecast for Social Security's 2026 COLA, which estimates the annual inflation adjustment will be slightly higher at 2.8%.
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"For many people, Social Security is the only inflation-protected income they have in retirement," said Bill Sweeney, AARP's senior vice president of government affairs. "The COLA allows America's seniors to keep us as everyday costs continue to rise - from groceries to housing to prescription drugs."

via: https://www.foxbusiness.com/economy/social-security-beneficiaries-expected-get-bigger-cola-amid-persistent-inflatio

Many high-profile individuals will use a security detail to some degree when they are in public spaces. Maintaining that level of protection, however, can be a significant investment, often reaching into the tens of thousands of dollars.
The heightened attention regarding private security details comes after the assassination of Turning Point USA founder Charlie Kirk during an event at a Utah college on Wednesday.
Earlier this year, SaferWatch, a security platform designed to enhance emergency response across public and private institutions, has seen a surge in inquiries from Fortune 500 companies looking to boost protection for their C-suite executives and families following after UnitedHealthcare CEO Brian Thompson was gunned down in New York City in December by alleged shooter Luigi Mangione. 
MURDER OF HEALTHCARE EXECUTIVE TRIGGERS SURGE IN PERSONAL SECURITY REQUESTS DUBBED 'LUIGI EFFECT'
And in a July 2025 incident in New York City, Wesley LePatner walked into 345 Park Avenue, home to the NFL, KPMG and Blackstone, killing four people before taking his own life. 
SaferWatch CEO Geno Roefaro told FOX Business that security isn't one-size-fits-all, meaning the type of security needed and the cost associated with that protection can vary to a significant degree.
"For some, it's a single trained professional," he said. "For others, it's a full team that travels, scouts venues and monitors threats," he said, adding that the right solution depends on a person's profile, risk and lifestyle. 
While Roefaro said he doesn't have particular knowledge of Kirk's past and active threats, he noted that if they were common, it would typically require a "more day-to-day security bubble and reassessment."
 NYC OFFICE SHOOTING RAISES NEW CORPORATE SECURITY CONCERNS FOR BUSINESS LEADERS
To put the costs into perspective, Roefaro's company estimated that executive security, which is different from a traditional basic security guard, can run a couple of hundred dollars per hour per executive security guard. 
Top-notch armed security usually includes active or retired law enforcement or military members and can cost anywhere between $125 to $200 an hour depending on the daily schedule and the threat level of the individual being protected, according to Roefaro. Having an armored vehicle as part of the security bubble will also be a significant addition to the budget and can be hundreds of dollars a day to rent, he added.
BARSTOOL'S DAVE PORTNOY RAISES FUNDS FOR NYPD OFFICER KILLED IN MIDTOWN SHOOTING
Bill Stanton, a former NYPD officer and security expert who handled security for Jackie Kennedy Onassis, John F. Kennedy Jr. and the Rockefellers, told FOX Business that "it's not a cheap endeavor" even with just two people. A two-man "day rate" on average, depending upon various factors such as skill set and location, can start out between $3,000 and $5,000.
"To use a security detail, to potentially have prevented what happened, you would need at least a dozen agents, if not more on the assassination of Chirlie Kirk," Stanton said. 
Stanton said that professional security for a public figure will consist of a team that arrives days or weeks before an event to coordinate with local police or campus security. On the day of the event, there will be another bodyguard who stays close to the subject, while other team members manage broader protection. 
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A competent elite-level agent will cost roughly $250 per hour, which means if someone has a 10-man team, it would cost about $2,500 an hour and upward of $25,000 to $30,000 a day, according to Stanton.
"That becomes quite expensive. And that's only one team," he said. 
Typically, that team must be relieved after a certain period, meaning there is often a rotation of 24 to 36 agents to cover everything from travel to home security.

via: https://www.foxbusiness.com/lifestyle/experts-detail-costs-private-security-service

The federal government's budget deficit reached $2 trillion for the current fiscal year as the deficit has widened by nearly $100 billion from last year.
The nonpartisan Congressional Budget Office (CBO) released its monthly budget update for August, which showed the deficit reached $1.989 trillion in the first 11 months of fiscal year 2025. That amounts to a $92 billion increase in the deficit when compared with the first 11 months of fiscal year 2024.
Overall, federal spending was up by $391 billion from a year ago, an increase of 5%, while tax receipts rose $299 billion, or 7%, in the first 11 months of fiscal year 2025.
The increase in federal tax receipts was largely attributable to the Trump administration's tariffs, which increased import taxes for many goods since February.
US DEBT TO SURGE TO 120% OF GDP AS FEDERAL DEFICITS SPIRAL OVER THE NEXT DECADE UNDER NEW PROJECTIONS
The CBO said that customs duties collected were up $95 billion, or 137%, so far in this fiscal year compared with the same period in fiscal year 2024, and totaled $165 billion for the first 11 months of fiscal year 2025.
Individual income tax receipts were up by $181 billion, or 8%, and have totaled $2.357 trillion in fiscal year 2025 so far. Payroll taxes are up $48 billion, or 3%, and have totaled $1.615 trillion in the first 11 months of the fiscal year.
Corporate income taxes fell by $32 billion, or 8%, when compared with the same period last year. The CBO noted that natural disasters declared in fiscal year 2023 caused about $35 billion in corporate tax payments to shift into fiscal year 2024, which led to the apparent decline from last year.
NATIONAL DEBT TRACKER: AMERICAN TAXPAYERS (YOU) ARE NOW ON THE HOOK FOR $37,450,743,855,028.23
The federal government spent $6.7 trillion in the first 11 months of fiscal year 2025, and much of the $395 billion increase from last year was driven by mandatory spending programs like Social Security and Medicare, as well as the rising cost of debt service.
Payments of Social Security benefits were up $111 billion, or 8%, from the same period last year due to higher benefit payments from the annual cost-of-living adjustment (COLA) as well as a growing number of beneficiaries amid the aging of the U.S. population.
Medicare spending also increased by 8% and was $64 billion higher than the same period last year due to higher payment rates and a rise in the number of enrolled beneficiaries.
US DEBT TOPS $37 TRILLION AND THE 'BIG, BEAUTIFUL BILL' ALLOWS IT TO RISE TRILLIONS HIGHER
Interest expenses on the national debt were another major driver of the increase in spending and wider budget deficit, as net interest payments rose by $72 billion, or 8%, because the national debt is larger than it was last year.
For the month of August alone, the federal government ran a $360 billion budget deficit, a decrease of $20 billion from last year. July's monthly budget deficit was revised up by $2 billion to a total of $291 billion.
CBO noted that the federal government will record a spending reduction of about $130 billion in September that stems from changes made to federal student loan programs in the Trump administration's One Big Beautiful Bill Act.
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Taking that budgetary move into account with the rest of its analysis, the CBO is currently estimating that the final budget deficit for fiscal year 2025 will total $1.9 trillion.
That would rank as the third-largest budget deficit in U.S. history, trailing only the fiscal year 2020 and Fiscal year 2021 deficits incurred during the COVID-19 pandemic.

via: https://www.foxbusiness.com/politics/federal-budget-deficit-grows-92b-nearly-2-trillion-even-trump-tariffs-increase-revenu

Paramount Skydance is preparing a bid to buy Warner Bros. Discovery, according to The Wall Street Journal.
A report published Thursday cited sources who told the Journal that Paramount Skydance, which went through its own merger last month and is now being led by David Ellison, is seeking to acquire the movie studio and cable networks run by one of the company's top rivals.
If completed, the deal would mark the largest merger of two legacy Hollywood studios under one corporate umbrella.
NEW PARAMOUNT CEO ISSUES ULTIMATUM TO WORKERS: RETURN TO OFFICE FULL-TIME OR LEAVE 
Warner Bros. Discovery announced in June that the company was splitting the studio from its cable networks. The spinoff company, dubbed Discovery Global Networks, included CNN, TBS and TNT. It is unclear whether the corporate split would be halted as a result of a Paramount Skydance bid.
Paramount's potential acquisition of Warner Bros. Discovery would put HBO and CNN in the same corporate umbrella as CBS, Showtime, and several other cable networks, including Nickelodeon, MTV, BET and Comedy Central.
PARAMOUNT, SKYDANCE COMPLETE $8 BILLION MERGER AS FCC CONTINUES CBS PROBE
The Journal noted that "a bid hasn't yet been submitted and the plans could still fall apart."
Warner Bros. Discovery declined to comment. Paramount did not immediately respond to a request for comment.
Last month, Paramount merged with Skydance in an $8 billion transaction, which was ultimately approved by the FCC following Paramount's months-long legal battle with President Donald Trump. 
Trump had sued Paramount and CBS News over election interference in the network's handling of its "60 Minutes" interview with then-Vice President Kamala Harris that aired in the weeks leading up to the November election. Paramount settled Trump's lawsuit in July. 
PARAMOUNT, CBS FORCED TO PAY EIGHT FIGURES, CHANGE EDITORIAL POLICY IN SETTLEMENT WITH PRESIDENT TRUMP
Warner Bros. Discovery isn't the only media asset Ellison reportedly has his eyes set on. Ellison is also seeking to buy The Free Press for $100-200 million and reportedly plans to give its founder, independent journalist Bari Weiss, a leading editorial role at CBS News.
Fox News' Brian Flood contributed to this report. 
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via: https://www.foxbusiness.com/media/paramount-skydance-prepping-bid-buy-warner-bros-discovery-repor