Top News:
Bloomberg:
The stock market briefly surged Monday after CNBC, Reuters, and others picked up an erroneous X post that Trump was considering a 90-day pause on tariffs — At just after 10 a.m., shouting erupted on the Siebert trading floor in downtown Manhattan. Mark Malek, the firm's chief investment officer …
Discussion:
Wall Street Journal, New York Times, CNN, The Hill, Mediaite, Mediaite, New Republic, Financial Times, @benmullin, Reuters, @hadas_gold, @hadas_gold, @benmullin, @samstein, Wall Street Journal, Benzinga, NBC News, @thestalwart, @rickkaempfer.bsky.social, @rogoswami, @mikeisaac, @hadas_gold, @philipwegmann, @mattmfm, @mikeisaac, @semaforben, @brianstelter, @bencjacobs, @mattzeitlin, MeidasTouch News, @jason_kint, @jason_kint, @alexbward, @firstadopter, The Daily Caller, Townhall, Washington Examiner, 404 Media and HuffPost, more at Techmeme »
Rebecca Rubin / Variety:
A Minecraft Movie collects $157M at the US box office in its opening weekend, the biggest domestic debut of 2025 and best in history for a video game adaptation — “A Minecraft Movie” leveled up at the box office, collecting a blockbuster $157 million in its opening weekend.
Discussion:
SlashFilm, The Daily Wire, Fast Company, Paul Dergarabedian on LinkedIn, @ollie_twt, CNN, People, Windows Central, @resonantjustice, @vinhlegacy, GamesRadar, Kotaku, @jonathanmb32, @thegregorye, New Jersey Online, @iamkooby, Metro.co.uk, @retrora, Entertainment Weekly, Barron's Online, Spyglass, Forbes, @lucas_shaw@threads.net, The Playlist, @brianstorms@mastodon.social, Steve Siskind on LinkedIn, Boxoffice, Screen Rant, Bloomberg, Associated Press, The Wrap, Oh No They Didn't!, TechCrunch, Know Your Meme and GoldDerby
New York Times:
Sources: Paramount and Trump are poised to begin mediation in his $20B lawsuit against CBS News and have picked a mediator for the case in recent days — President Trump's $20 billion suit accuses CBS News of deceptively editing an interview with former Vice President Kamala Harris.
Discussion:
Variety, @michaelsderby.bsky.social, @davidenrich.bsky.social and @benmullin
New York Times:
A majority of 300+ WaPo tech workers sign union cards and plan to formally request recognition, WaPo's first public union drive since Bezos' 2013 acquisition — With global markets again in free-fall, the president appeared to be losing support of business leaders, raising questions about his leverage in his trade fight.
Tatiana Siegel / Variety:
Sources: Evan Gershkovich is not cooperating on WSJ's documentary and book about his imprisonment, and plans his own film and book, sparking tensions — It was a dramatic moment. On Aug. 1, 2024, Wall Street Journal reporter Evan Gershkovich stepped off a plane in Turkey to freedom, after 16 months spent in a Russian prison.
Discussion:
@farnazfassihi, Talking Biz News and @jeffjarvis.bsky.social
Charlotte Tobitt / Press Gazette:
RocaNews, a Gen-Z focused outlet that operates via Instagram, a gamified app, newsletters, and YouTube, says it became profitable in October and has 2M readers — An American news start-up says it is proving Gen Z audiences will pay for news if it's done the right way.
Discussion:
Forbes
Bloomberg:
Publishers say traffic to their sites has plummeted since Google rolled out AI Overviews; sources: Google acknowledged the drop in a meeting with publishers — In March 2024, website owner Morgan McBride was posing for photos in her half-renovated kitchen for a Google ad celebrating the ways …
Discussion:
Ars Technica, @byjulialove, ZeroHedge News and @davey.bsky.social, more at Techmeme »
Matthew Keys / The Desk:
Nexstar ordered its 160+ local TV stations to air segments during local newscasts that encourage viewers to lobby the FCC for broadcast ownership deregulation — Nexstar Media Group has ordered most of its 160-plus local television stations to air segments during local newscasts …
Discussion:
Adweek, TVNewsCheck, @briank.bsky.social and Radio & Television …
Kate Conger / New York Times:
How X became a powerful government mouthpiece, including through a rotating seat the White House press briefing room for John Stoll, X's head of news — On a recent Thursday, journalists cramming into the White House press briefing room saw an unfamiliar face in a rotating seat designated for new media.
Discussion:
Vanity Fair and PR Daily
Kyle Wiggers / TechCrunch:
Filing: Moonvalley, whose AI model Marey generates “HD” clips up to 30 seconds in length, raised $43M and says it's working on licensing arrangements — Los Angeles-based startup Moonvalley, which is developing AI tools for video creation, has raised a fresh $43 million in venture capital, according to an SEC filing.
Siyanda Mthethwa / Reuters:
Spotify's royalty payouts to South African performers grew 54% YoY in 2024 to $21M, while payouts to Nigerian artists more than doubled to $38M — Audio streaming giant Spotify's (SPOT.N) royalty payments to artists from Nigeria and South Africa - its two biggest African markets …
Discussion:
Music Ally and Semafor
Lucas Shaw / Bloomberg:
Some experts weigh in on how President Trump's trade policy could impact the entertainment industry: ad budgets may shrink, Netflix could be shielded, and more — We asked experts how his trade policy will impact the entertainment business. … The adaptation of the popular video game opened …
Discussion:
Lucas Shaw on LinkedIn, @lucas_shaw, @lucas_shaw and New York Times
Joseph Bambridge / Politico:
OpenAI and Google reject the UK's proposal to allow training AI on copyrighted work without permission unless rights holders opt out to “reserve their rights” — The U.K. government's AI copyright plans can't seem to please anyone. — LONDON — Leading AI companies OpenAI …
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