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Big changes at Warner Bros

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Two of Warner Bros. Discovery executives leading TV channels left the company as part of ongoing restructuring at the media giant.

Nancy Daniels, who led the Turner network and number of Discovery channels including Animal Planet, and Jane Latman of HGTV overseeing Food Network left the company, according to the memo sent by Kathleen Finch, chairman and chief content officer of US Networks Group.

After Daniels’ departure, content for the D-Nets – Discovery, Animal Planet and Science Channel – will be overseen by Howard Lee, while he retains content leadership for TLC and Travel Channel. Jason Sarlanis, who oversees content at ID and HLN crime content, will oversee TBT/TBS/Tru.

With Latman stepping down as president, home & food content for HGTV and Food Network, creative oversight for programming content will move to content executives Betsy Sanne Ayala for Food and Loren Ruch for HGTV.

The company “needs to make additional adjustments for the future as we evolve to a more streamlined operating model”, the memo said.

The company did not immediately respond to a Reuters request for comment.

This comes at a time when companies are looking to rein in costs and trim their headcount to brace for an economic slowdown. CNN’s top boss Chris Licht last month informed employees in an all-staff memo that layoffs are under way.

Before taking charge of the Turner network, Daniels was president of TLC, known for its shows like “Sister Wives”, “90 Day Fiancé”, and “The Little Couple”.

Since joining HGTV in 2019, Latman has overseen series such as HGTV’s “Home Town Takeover”, “Celebrity IOU” and “Rock the Block.”

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Rate cuts ahead? US stocks bounce as inflation cools

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Investor sentiment is improving as fresh data out of the US and Australia shifts expectations for central bank action.

Stronger-than-expected labour market figures in Australia have raised questions about whether the Reserve Bank will move ahead with a rate cut next week. While the RBA has signalled it is watching data closely, the resilience in employment may force a delay.

Meanwhile, in the US, softer inflation data has lifted hopes that the Federal Reserve could cut rates later this year. That news helped spark a sharp turnaround in US equities, with the so-called “sell America” trade now unwinding as buyers return to Wall Street.

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Trump’s $600B Middle East Deal: What It Means for Global Stability

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President Donald Trump’s four-day Middle East tour during his second term has sparked global attention, locking in a monumental $600 billion investment from Saudi Arabia. From AI to defence, space to energy—this economic pact is reshaping U.S. foreign policy.

In an unprecedented move, Trump also lifted long-standing U.S. sanctions on Syria after meeting its new president, raising eyebrows among traditional allies.

Ticker News anchor Veronica Dudo speaks with Erbil “Bill” Gunasti, former Turkish PM Press Officer and Republican strategist, to break down the implications for national security, global diplomacy, and the path to peace in Ukraine.

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Trump’s AI deals raise concerns over China ties

Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

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Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

In Short:
Trump’s AI deals with Saudi Arabia and the UAE are causing internal conflicts in his administration over US national security. Officials are concerned that American technology supplied to the Gulf could ultimately benefit China, leading to calls for enhanced legal protections.

President Donald Trump’s recent AI deals in Saudi Arabia and the UAE are causing internal conflicts within his administration.

Concerns are rising among officials, particularly China hawks, about the implications for US national security and economic interests.

Agreements include shipments of vast quantities of semiconductors from Nvidia and AMD to the Gulf states, prompting fears that American technology could ultimately benefit China, given the region’s ties with Beijing.

While the accords include clauses to limit Chinese access to the chips, some officials argue that further legal protections are necessary.

Critics, including Vice President JD Vance, have suggested that maintaining US dominance in AI is crucial, and shipping chips abroad might undermine that goal.

Supporters of the deals, including AI Adviser David Sacks, argue the need for American technology in the Gulf to deter reliance on Chinese alternatives.

Despite this, internal discussions are underway to potentially slow down or reassess the agreements due to ongoing national security concerns.

Conversations have also included proposals for a significant chip manufacturing facility in the UAE, which many officials deem risky due to China’s influence.

Additionally, worries persist about G42, an AI firm in Abu Dhabi, which has historical ties to Huawei.

The agreements with Gulf countries promise to enhance their technological capabilities while necessitating careful oversight to address US security priorities.

 

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