Trump’s Press Crackdown, Paramount Settles, and Anthropic’s $2 Trillion IPO

Anthropic reportedly targets a $2 trillion IPO on $100B run-rate revenue, though hosts doubt it closes before Q1 2026.

• Paramount-WBD settlement is toothless: Paramount avoided divesting cable channels, agreeing instead to a $1.5B California production pledge and a powerless CNN/CBS editorial oversight board, which Galloway calls 'sheer regulatory theater.'
• Trump escalates press war: CNN, MS NOW, and Politico had White House passes revoked; all five networks suspended pool coverage; the outlets plan to sue, with Swisher predicting courts restore access on First Amendment grounds.

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