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Paramount agrees invest $1.5 billion in domestic movies and create a board for editorial independence at CNN, CBS as part of deal for Warner Bros.

Movie studio Paramount  on Monday agreed to settle an antitrust lawsuit filed by 12 states, the last big obstacle blocking the company’s $81 billion acquisition of Warner Bros. Discovery in a deal that would transform the movie industry landscape. In the settlement, which still needs to be approved by a judge, Paramount agreed to terms including a five-year movie production plan and to invest $1.5 billion in domestic movies. State attorneys general say the settlement guarantees investment in domestic movie production and provides worker protection. But analysts say the deal is still likely to lead to less competition in the industry — and higher prices for consumers. “Where I’m looking at this is through the consumer’s point of view and resoundingly consumers are concerned about price hikes and they are preparing for price hikes,” said Forrester research director Mike Proulx. “They care less about the theatrical releases and some of the other industry terms. What th...

$6 trillion a year in unpaid labor isn’t counted in GDP. Its absence from official stats distorts how we see growth, living standards and productivity

The workday doesn’t end for millions of American workers when they clock out and go home—there are floors to mop, meals to prepare, and kids to tend to. There’s no paycheck for those chores that keep a household running, but a recent Government Accountability Office (GAO) report estimated the labor is worth up to $6 trillion a year, or one-fifth of GDP. All that output isn’t counted in GDP because no money changes hands. Yet, over 87% of Americans age 15 and older did some unpaid household work on a typical day, according to GAO’s September report, spending an average of 3.72 hours on those tasks.  “Without those activities, we really wouldn’t have a functioning formal economy,” Misty Heggeness, an associate professor of economics and public affairs at the University of Kansas, told Fortune . She said if families stopped cooking and providing childcare themselves, much of that work would have to be bought from the service economy instead.  “The value of the money that...

The midterms are a stress test for American media

In today’s CEO Daily: How the media and money are coloring the election. The big leadership story: Better.com’s founder vs. the investor who replaced him The markets: Up around the globe. Plus: All the news and watercooler chat from Fortune . Good morning. I’ve been thinking about Steve Ballmer, Elon Musk and the prospects for American voters to get the facts they need to make informed choices in the upcoming midterm elections. In-person voting began on Friday, the same day that President Donald Trump announced that he was banning CNN, MS NOW and Politico from the White House. (Journalists from those media outlets were denied entry and had their credentials deactivated on Saturday.) Many things will influence how Americans vote at the polls on Nov. 3, but the media and money will certainly color their perceptions. Let’s start with the media. The quality and accuracy of information that voters receive about government leadership matters. For example, they...

Moderna’s Bob Langer and AI pioneer Yann LeCun join board of Cellular Intelligence, bringing AI into medicine via a Parkinson’s drug

Cellular Intelligence is trying to build an AI model that can predict and eventually control how living cells behave, the same way AI models predict text or images, in hopes of making new medicines faster and cheaper to develop. The company took a step toward that goal Monday, announcing that Moderna co-founder Robert “Bob” Langer and Turing Award-winning AI researcher Yann LeCun have joined its scientific advisory board, along with Jens Nielsen, chief executive of the Novo Nordisk Foundation’s BioInnovation Institute, and Fabian Theis, a computational biologist who directs the Computational Health Center at Helmholtz Munich. Langer is also joining the company’s board of directors as an observer. For decades, developing new medicines, especially cell therapies that use living cells rather than chemical compounds, has depended on slow, expensive trial-and-error lab work. The Boston-based Cellular Intelligence (CI) is trying to apply the same kind of pat...

Dollar General CEO says consumers making $100,000 a year don’t feel like high-income shoppers anymore as high gas prices and inflation reshape habits

A six-figure annual salary used to be a milestone for career success and financial security, but it isn’t what it used to be. The era of elevated inflation that began during the COVID pandemic has eroded the value of $100,000 to the point that Americans earning that much are hunting for bargains like everyone else. Walmart has previously noted that more affluent customers are shopping at the discount chain. And now they are patronizing deep discounters like dollar stores. At the Goldman Sachs Global Consumer and Retail Conference on Tuesday, Dollar General CEO Todd Vasos said core customers, whom he defined as those making less than $45,000 a year, change their shopping behavior when gas prices hit $4 a gallon. For example, they tend to buy closer to home, shop more often, and buy less on each trip. The frequency of shopping goes up because customers don’t know what the next week will hold and will buy what they can, when they can. “But the inte...

Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy

When the Department of Government Efficiency, helmed by Elon Musk, gutted the U.S. Agency for International Development (USAID), it included slashing an estimated $329 million in humanitarian aid to Nepal. Stuti Basnyet, who served as the acting program office director for USAID in Nepal since 2024, remembers the months following the cuts. “Everyone went through denial first that this was even happening, to just deep grievance at how it was being done,” she told Fortune . According to Basnyet, USAID’s closure led to an estimated 30,000 direct job losses in the country. Among a raft of slashed humanitarian aid projects was foundational educational opportunities in Nepal, including support for early grade reading in Nepal across all its 35 districts, teacher training, and reviewing and refunding educational materials. Basnyet was left with the puzzle of recreating those services and resources—and building new ones—without the same steady funds Nepal had received from the U.S. s...

Trump vows to create an ‘AI Force’ and nods to justice system after rejecting calls to slow down industry. ‘Rather, we will cherish it’

President Donald Trump said Saturday he will form an “AI Force,” hinting at a law enforcement role as public anxiety grows over the rapidly accelerating technology. He also pledged to appoint an AI czar and compared recent calls for the AI industry to slow down development to politically driven “hoaxes.” “We will not in any way hinder or stifle the Growth of this incredible Industry,” Trump posted on Truth Social . “Rather, we will cherish it, help it, and watch over it, as it grows!” He noted a backlash against data centers, which have emerged as a top issue during the midterm election season, and claimed it has largely failed. But Trump suggested that the administration will be on the lookout for bad behavior, saying the existing criminal and civil justice system can handle it. “For this purpose, I am forming the AI Force, much like I did Space Force, which has been a tremendous SUCCESS, in my First Term,...