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Diplomats and MEPs reached an agreement late on Tuesday to implement the contentious EU-US agreement, which eliminates duties on most US industrial goods imported into Europe.
The negotiations concluded two weeks after US President Donald Trump threatened to impose 25% tariffs on EU cars if Europeans did not implement the agreement — clinched by Trump and European Commission President Ursula von der Leyen in Turnberry, Scotland, last summer — by 4 July.
The so-called “Turnberry Agreement,” criticised by MEPs as unbalanced, raises US tariffs on EU goods to as much as 15%.
“The EU and the United States share the world’s largest and most integrated economic relationship. Maintaining a stable, predictable and balanced transatlantic partnership is in the interest of both sides,” Cyprus trade Minister Michael Damianos said, adding: “Today, the European Union delivers on its commitments.”
MEPs had kept the deal frozen for several weeks following Trump’s threats over Greenland earlier this year. They also suspended it after the US adopted new tariffs following a Supreme Court ruling that declared illegal the tariffs imposed by the White House since Trump’s return to power.
Demanding clarity from the Americans, EU lawmakers finally agreed to enter into negotiations with the EU Cyprus presidency — representing EU member states — after the Commission assured them that the US would honour its side of the agreement and cap its tariffs at 15%, as agreed.
However, EU-US relations remain fragile and there is concern in Brussels that the US administration could still use tariffs to put political pressure on the EU if the bloc does not comply with the White House’s demands on other issues.
Trump’s threats over EU cars two weeks ago also targeted Germany, whose Chancellor Friedrich Merz has criticised the war in Iran launched by the Americans alongside Israel.
Trump has repeatedly called on European countries to deploy ships to help secure the Strait of Hormuz, a move Europeans have been reluctant to make.
Many disagreements also continue to strain EU–US relations over Ukraine — including the recent US extension of a sanctions waiver allowing purchases of Russian oil — and over NATO, which Trump has repeatedly threatened to leave.
On Tuesday night, MEPs tried to secure the deal by attaching conditions, risking US anger with additional provisions to which Washington had not agreed.
Under the Turnberry Agreement, the EU also committed to investing $600 billion across strategic sectors in the United States through 2028 and to purchasing $750 billion worth of US energy.
A $30 minimum wage for hotel and airport workers will be delayed after Los Angeles elected officials persuaded a group of business leaders to drop a ballot measure that would have devastated the city budget.
On Tuesday, the City Council approved the 18-month delay, which will postpone the wage increase until after the 2028 Olympics and fend off the business-backed initiative to eliminate the gross receipts tax, which is the city’s second-largest revenue stream.
The minimum wage will still increase to $25 in July and continue in increments until reaching $30 in January 2030.
Because the 11 to 4 vote was not unanimous, the new pay schedule will head to a second vote next week. Councilmembers Eunisses Hernandez, Ysabel Jurado, Nithya Raman and Hugo Soto-Martínez cast the “no” votes.
In May 2025, the council approved a proposal that would have increased the minimum wage to $30 in July 2028 and also raised an hourly payment for healthcare coverage.
In response, a coalition of airline and hotel businesses gathered enough signatures to place a measure on the Nov. 3 ballot that took aim at the city’s gross receipts tax, which is imposed on a vast array of businesses, including entertainment companies, child-care providers, law firms, accountants, healthcare businesses, nightclubs and many others.
If approved by voters, the measure would have stripped $740 million from the city’s general fund over the first year, according to city officials, and over five years would have amounted to a $860 million loss annually on average.
City officials, hotel and airport businesses and labor unions had been in continuous negotiations since last Wednesday, when the council narrowly approved an initial postponement of the wage increase to allow time to reach an agreement. The business coalition agreed to withdraw the measure if the council permanently approved the delay.
In addition to delaying the $30 minimum wage, the council on Tuesday pushed back the hourly healthcare payment to start at $8.15 an hour for airport workers in July 2027 and $4.25 for hotel workers July 1 of this year.
The council also voted to set up a committee to study possible changes to the business tax structure.
“Imposing wages and benefits without bringing business to the table is not reasonable,” said Nella McOsker, president and CEO of the downtown business group Central City Assn., at the council meeting. “It is reasonable to ask us to partner together to be on the other side of the table and negotiate, but it is not OK to do so without that process.”
Kurt Petersen, president of Unite Here Local 11, which represents the hotel workers, accused city officials of giving “into blackmail.”
“They now have a playbook. The next time workers win something, they’ll threaten to blow up the city,” Petersen said of the business coalition. “It’s a bad day for workers.”
Council President Marqueece Harris-Dawson described the process as painful but nearing a conclusion.
“I think we walked away from the negotiating table, like many negotiating tables, where no one was happy about the outcome, but everybody came away better than when we started off,” he said.
Shortly before the council vote, Mayor Karen Bass issued a statement that said she was called in by both business and labor leaders to close the deal.
She called the proposed repeal of the gross receipts tax “an existential threat to the city budget and the services it supports,” including street repairs, public safety and efforts to clean the city.
“This agreement ensures workers are paid fairly and that businesses that create jobs can continue serving LA and hiring Angelenos,” Bass said.
On Tuesday, the council chamber was filled with union workers in red, purple and yellow shirts.
Laura Esquivel, a janitor at Los Angeles International Airport, expressed frustration that council members were not standing by their earlier commitment.
“We’re sick and tired of being exploited. Some members of the council that are here, now we know, do not stand with workers,” Esquivel said. “We are not giving up, we will continue to fight and we’ll be back here in 2028.”
Before voting against the delay, Soto-Martínez, a former Unite Here organizer, called it sad and enraging.
“I cannot support anything that is going to take away money from workers,” he said.
Councilmember Imelda Padilla, who spoke in Spanish, was critical of the way the negotiations unfolded.
“If this thing about the gross tax receipts passes, we don’t have a city,” Padilla said. “The business community has us by our necks.”
She said workers deserve the wage increase, though she voted for the delay.
“Next time, let’s negotiate, and let’s negotiate well,” she said.
Times staff writer Suhauna Hussain contributed to this report.
New Delhi, India — When Argentina’s Gonzalo Montiel converted a penalty to seal his country’s third FIFA World Cup title in December 2022 in Qatar, Lionel Messi fan Vishwas Banerjee celebrated the Albiceleste’s triumph with abandon in Bangalore, a football-crazy city in southeastern India.
Unable to hold back his excitement, Banerjee screamed and tossed his shirt away as he watched the match on a big screen at a street crossing close to midnight.
“It was one of the best nights, watching Messi lift the World Cup,” he told Al Jazeera.
“Everyone went crazy. We danced on the streets,” Banerjee said, reminiscing about the excitement felt more than 3,000 kilometres (1,900 miles) away in an otherwise cricket-mad country.
While Messi is expected to make his World Cup swan song at the upcoming tournament in North America, football fans in India, the world’s most populous nation, are set to miss out on watching the biggest sporting event.
With just over three weeks to the tournament’s kickoff in Mexico, organisers FIFA have not found any buyers for broadcasting its most coveted product in India.
Here’s what we know about the World Cup broadcast rights crisis in the South Asian nation:
When the World Cup was played in Qatar nearly four years ago, India trailed only China in overall engagement figures, with more than 745 million fans following the action across all media platforms in the country, according to figures released by FIFA.
In television viewing numbers, India was among the top 10 countries – ahead of World Cup participants Germany, France and England – with nearly 84 million viewers.
Digital viewership numbers were also significant in India. For the final alone, an unprecedented 32 million viewers tuned in on Reliance’s JioCinema – a subscription video-on-demand over-the-top streaming service – as the tournament clocked 40 billion minutes of watch time on the platform.
Reliance’s Jio paid $60m for tournament rights in 2022, while Sony Sports secured broadcasting rights for the 2014 and 2018 FIFA World Cups, as well as the Euro 2016 championship, for around $90m in 2013.
So when FIFA began selling media rights for the 2026 tournament and the 2027 Women’s Cup, it expected plenty of takers for an estimated price of $100m.
But with 23 days until the tournament and the asking price reportedly slashed significantly, FIFA is still struggling to find buyers in one of its biggest markets.
Experts say the kickoff times for the majority of the matches are the biggest concern for Indian broadcasters.
With the tournament being staged in the United States, Canada and Mexico, many games will be played at odd hours for the Indian audience, with a 10-12 hour time difference between the host cities and the South Asian nation.
Only 14 out of the total 104 World Cup games will begin before midnight for fans in India.
The final will be held in New Jersey on July 19, beginning at 12:30am in India (19:00 GMT). By comparison, 98.4 percent of matches at the 2018 World Cup started before midnight, and 82.5 percent at the following edition in Qatar.
Karan Taurani, executive vice president at investment firm Elara Capital, sees TV as a “struggling” medium in India.
“When you have these kinds of sporting events, effectively it is mostly digital that is monetising and raising big money,” Taurani told Al Jazeera. “That is a big reason why no one’s showing interest in the FIFA World Cup.”
Taurani explained that cricket leads the sports economy market in India.
“Only a small fraction of people who watch the Indian Premier League [IPL] will watch the FIFA World Cup,” he said, adding that an even smaller fraction tune in past midnight to watch a match.
For broadcasters and advertisers, Taurani explained, these factors shrink the target audience.
He also pointed out that a recent ban by the Indian government on fantasy real-money betting apps had reduced the macro form of money in the sports entertainment industry.
The World Cup begins 10 days after cricket’s IPL 2026 final, one of the most-watched sports events in India and one where major prime-time advertisers focus the majority of their annual sports spending.
The price of football streaming in India has been going down anyway. The English Premier League rights, which were sold for $145m for three seasons between 2013 and 2016, went for $65m for 2025-28. There are no major takers for La Liga matches in India.
FIFA appears increasingly concerned that weak broadcaster interest in India could dent both revenues and its long-term ambition to grow football in one of the world’s largest media markets.
In the capital New Delhi, the high court is hearing a plea on the lack of a tournament broadcast deal and has sought responses from India’s information and broadcasting ministry and Doordarshan, India’s state-owned public television broadcaster.
“Without timely judicial intervention by this court, the petitioner and millions of Indian citizens will be irreparably deprived of their fundamental rights with no adequate alternative remedy,” the petitioner, a lawyer and football fan, has said in the plea.
He claims that missing out on the tournament violates the constitutional protections of freedom of speech.
“It is important to note that by denying access to the information in question or by not taking necessary steps to broadcast the FIFA World Cup, the respondents have directly infringed the petitioner’s fundamental right to acquire and receive information, which is an integral part of freedom of speech and expression under the constitution,” the petitioner argued in the plea.
With China’s state broadcaster signing a late World Cup deal with FIFA last week, there’s still hope and time for football fans in India. However, if no deal is signed, all eyes will turn to Doordarshan, which last beamed the tournament in 1998.
The continuing uncertainty is chipping away at the excitement of the football World Cup. “I’m heartbroken that we will not have any reliable way to watch the World Cup this year,” said Banerjee, the Messi fan from Kolkata.
“But we will tune to pirated streams anyway,” he added. “No one can stop that.”
peterschreiber.media/iStock via Getty Images
NextEra Energy (NEE) is in talks to acquire Dominion Energy (D) in a mostly stock transaction that could value Dominion at roughly $66 billion, Bloomberg News reported Sunday, citing people familiar with the matter. If completed, the merger would become the largest
Prime Minister Narendra Modi says his talks with the Dutch PM also focused on expanding cooperation in defence and security.
Published On 17 May 202617 May 2026
India’s Tata Electronics has signed a deal with Dutch technology giant ASML to build a major semiconductor plant in western India, as Prime Minister Narendra Modi visited the Netherlands during his European tour.
The agreement, announced on Saturday, will support the development of Tata’s semiconductor facility in Dholera, Gujarat – Modi’s home state.
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ASML, Europe’s largest technology company by market value, manufactures advanced lithography machines used to produce high-end microchips found in products ranging from mobile phones to cars.
The Dutch company said it would help “establish and ramp up” production at the plant by supplying its cutting-edge chipmaking tools.
Tata Electronics plans to invest $11bn in the facility, which is expected to manufacture chips for artificial intelligence, the automotive industry and other sectors.
ASML chief executive Christophe Fouquet said the company saw “many compelling opportunities” in India’s growing semiconductor industry.
“We are committed to establishing long-term partnerships in the region,” Fouquet said in a statement.
The deal comes as India and the Netherlands move to deepen economic ties, with New Delhi seeking foreign technology and investment to boost manufacturing and create jobs.
The European Union has increasingly viewed India – the world’s most populous country and one of its fastest-growing economies – as a key future market.
During his visit, Modi held talks with Dutch Prime Minister Rob Jetten and met King Willem-Alexander.
“My conversations with Prime Minister Rob Jetten were extensive and covered a wide range of topics,” Modi wrote on X.
“One of them was defense and security. I spoke about the possibility of drawing up an action plan for the defense industry as quickly as possible. We can also collaborate in sectors such as space travel, maritime systems, and maritime security.”
Modi also addressed members of the Indian diaspora and is expected to inspect centuries-old Chola copper plates being returned to India by Leiden University.
Indian and Dutch officials are also discussing a more flexible visa arrangement for Indian students and workers in the Netherlands.
Modi will next travel to Sweden for talks with Prime Minister Ulf Kristersson focused on trade, innovation and green technology cooperation. The visit marks his second trip to the country since attending the first India-Nordic summit in 2018.
18:09, 16 May 2026Updated 18:09, 16 May 2026
Stephen Mulhern hosts the game show(Image: ITV)
A former Deal or No Deal contestant has blamed becoming a “TV star” for him developing a £600-a-week cocaine habit. Connor Cooper, 33, claims to have come across a “huge pile” of the drug while partying near to the hotel he and the rest of the contestants of the ITV game show were staying in.
Connor explained that one night, he had been out drinking with the rest of the contestants, and after drinking shots and cocktails all night, decided to give the drug a go. But after taking it, he couldn’t sleep – having got back to his hotel room at 7am, he was picked up at 8am to film the show.
READ MORE: ‘I was on Stephen Mulhern’s Deal or No Deal and one moment made me feel physically sick’
He and some of the other contestants were exhausted, with Connor admitting he was “completely wired” during filming. But it didn’t put the dad-of-one off, with Connor saying he went on to become hooked, saying he was “living in the moment” and had a taste of “the showbiz life”.
Speaking to the Sun, Connor explained: “I was dreading that show going out. I was still completely wired when we filmed and we recorded three games that day.”
Contestants on Deal or No Deal can be living with each other for up to a month, as they return in their bid to win big on the game show. Connor said that this lead to him and the others drinking together, with the “party culture” sucking him in.
He said he would order it secretly to keep himself going, but then he wouldn’t sleep again and have to return to the studios to film the day after. Then they would drink again that evening and he would “do it all over again”, with each contestant allowed two free drinks per day.
But then when he started drinking he would continue out of his own money, adding: “I just thought I was a TV star and dived in with both feet. It was really stupid.”
Connor went on to win £13,500 on Deal or No Deal, and returned to Portsmouth where he worked as a tarmac layer. A month after returning, when Connor was still buying and using cocaine, he found out his long-term partner was pregnant with twins, something he describes as a “wake-up call”
He told her everything and with her support he managed to seek professional help to kick his dangerous and expensive habit. Connor said he didn’t seek help with ITV’s mental health services. The Mirror has contacted Banijay for comment.
In response to the paper, a Deal Or No Deal spokesperson said: “We have a zero-tolerance policy on drug use on all our productions. Contestants stay at the hotel for short periods of time whilst filming and are closely monitored by a specialist welfare team throughout. Having reviewed logs of activity and welfare assessments, we can find no record of any behaviour that would cause concern.”
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The former mayor of a conservative Kansas town was taken into custody by immigration authorities after acknowledging last year that he had voted in elections despite not being a U.S. citizen.
Joe Ceballos, who was born in Mexico and is a legal permanent U.S. resident, was detained Wednesday during a meeting at a U.S. Immigration and Customs Enforcement office in Wichita, Kan., according to his attorney, Jess Hoeme. He said Ceballos now fears he could be deported.
The 55-year-old resigned as mayor of Coldwater in December while facing state charges over voting as a noncitizen. While seeking citizenship in 2025, Ceballos admitted during an interview that he had voted, not knowing that green card holders don’t qualify, Hoeme said.
Ceballos was charged with voting illegally but pleaded guilty in April to misdemeanors in a deal with the Kansas attorney general. His case has drawn attention from the Trump administration and inspired supporters in his community, some of whom held signs reading “We Support Mayor Joe” and “ICE Out” as Ceballos walked into the federal building in Wichita.
“Let Joe go!” the crowd yelled.
“Thinking what could happen — it’s just kind of crazy,” Ceballos told reporters. “Obviously nervous. I don’t know what’s going to happen. I don’t know where they’re going to take me and what I can and can’t do inside there.”
An email seeking comment from the Department of Homeland Security was not immediately returned.
Trump and other Republicans have been warning of the dangers of noncitizens voting in elections since the beginning of the 2024 presidential election. Research, even by Republican election officials, show the problem is rare.
This year, Trump has been pushing Republicans in Congress to pass the SAVE Act, which among other things would require documented proof of U.S. citizenship to register and vote.
The administration also has significantly upgraded a program within Homeland Security that checks citizenship. At least 25 states, most of them controlled by Republicans, have used that system to check their voter rolls.
Ceballos was brought to the U.S. from Mexico by family when he was 4 years old. Hoeme said lawyers would next try to get an immigration judge to release him on bond.
He said Ceballos, at age 18, was encouraged to register to vote on the spot during a school field trip to the Comanche County courthouse. Ceballos has previously said in interviews with reporters that he voted for Republicans.
He was twice elected mayor of Coldwater, population 700, and also served on the city council. Ceballos won a new term in November but resigned after state Atty. Gen. Kris Kobach charged him with voting without being qualified and election perjury.
Kobach’s office, however, reached a deal with Ceballos. He pleaded guilty to disorderly election conduct, which Hoeme described as a misdemeanor similar to disturbing the peace.
“He has not been convicted of any kind of voter fraud. It should not have impacted his immigration status,” Hoeme said. “The Trump administration and ICE have doubled down on nonsense that he is a criminal.”
Ceballos has been a popular figure in Coldwater, where an advertisement in the Western Star newspaper encouraged people to support him.
“He’s kind of got to live the American dream, to come from absolutely nothing and build up — I don’t know about wealth — but to build up a business and have a job and be a productive part of society,” longtime friend Ryan Swayze told Wichita station KAKE-TV.
White writes for the Associated Press.
TALLINN, Estonia — Belarus’ authoritarian leader on Friday greeted U.S. Rev. Franklin Graham, who arrived in the tightly controlled country to hold the largest evangelical Christian gathering in its history.
Belarusian President Alexander Lukashenko asked Graham to convey warm greetings to President Trump and tell him that he has “reliable friends and supporters in Belarus.”
Since Trump returned to the White House, Lukashenko has released hundreds of political prisoners as part of U.S.-brokered deals that lifted some U.S. sanctions, part of the isolated leader’s efforts to improve ties with the West.
“Without the U.S. president, it might have been more difficult for us to establish our relations,” Lukashenko told Graham, president of Samaritan’s Purse and the Billy Graham Evangelistic Assn. Graham was accompanied by Greta Van Susteren, the anchor for Newsmax TV who is married to Trump’s special envoy for Belarus, John Coale.
Lukashenko has ruled the nation of 9.5 million with an iron fist for more than three decades, and the country has been sanctioned repeatedly by Western countries — both for its crackdown on human rights and for allowing Moscow to use its territory in the full-scale invasion of Ukraine in 2022.
Graham is set to hold the largest gathering of evangelicals ever in Belarus’ history, with thousands expected to attend what the organizers called the Festival of Hope at an indoor sports arena in Minsk, the capital.
Lukashenko’s rule was challenged after a 2020 presidential election, when hundreds of thousands took to the streets to protest a vote they viewed as rigged. In an ensuing crackdown, tens of thousands were detained, with many beaten by police. Prominent opposition figures fled the country or were imprisoned.
Five years after the mass demonstrations, Lukashenko won a seventh term last year in an election that the opposition called a farce.
As part of a deal in March that Washington helped broker, Lukashenko ordered the release of 250 political prisoners, while the U.S. agreed to lift sanctions from two Belarusian state banks and the country’s Finance Ministry, and to remove the top Belarusian potash producers from a sanctions list.
Another deal in April released prominent journalist Andrzej Poczobut in a swap with Poland that saw a total of 10 people freed.
However, Belarus still has 845 political prisoners, including 22 journalists, according to the Viasna human rights center.
Belarus opposition leader-in-exile Sviatlana Tsikhanouskaya voiced hope that Graham’s visit will help the release of all political prisoners. “We continue to push for a complete end to the harsh political repressions in Belarus,” Tsikhanouskaya told the Associated Press.
Belarusian authorities’ permission for the massive gathering of evangelicals marks a shift, following years of crackdown on clergy — Catholic, Orthodox and Protestant — which saw dozens jailed, silenced or forced into exile for protesting the 2020 election. In the country of 9.5 million, about 80% are Orthodox Christians; nearly 14% are Catholics, residing mostly in western, northern and central parts of the country; and about 2% belong to Protestant churches.
A 2024 law required all religious organizations to reregister with authorities or face being outlawed if their loyalty to the state is in doubt.
The U.S. Commission on International Religious Freedom has listed Belarus among countries with religious freedom violations, particularly noting its restrictive legislation.
Natallia Vasilevich, coordinator of the Christian Vision monitoring group, noted that even as Graham’s visit to Belarus was a “mega-important event” for evangelicals in the country, they continue to face a repressive environment.
“Some believers view Graham’s visit as a miracle and a window of opportunity, while others see a risk that they will have to turn a blind eye to repression and take part in something that makes the regime look nice,” Vasilevich said.
Karmanau writes for the Associated Press.
Before arriving for his high-stakes summit with Chinese leader Xi Jinping, United States President Donald Trump aimed to set expectations high.
He said he would urge Xi to “open up” China’s economy and announced a delegation of top business executives, including Tesla’s Elon Musk, Apple’s Tim Cook and Nvidia’s Jensen Huang, to accompany him.
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As Trump and Xi prepare to wrap up two days of meetings on Friday, the expectations for their summit’s outcome among observers generally are modest at best.
While Trump and Xi are anticipated to extend the one-year pause in their trade war agreed to in South Korea in October, the expectations are for a stabilisation – not revitalisation – in ties between the world’s two largest economies, which are locked in a rivalry that spans everything from trade and artificial intelligence to the status of Taiwan.
“It is important to be clear-eyed about the state of relations here,” Claire E Reade, a senior counsel at Arnold & Porter who previously worked on China at the Office of the US Trade Representative (USTR), told Al Jazeera.
“China does not trust the US, and China wants to beat the US in what it sees as long-term global competition,” Reade said.
“This limits what can be agreed.”
While Trump and Xi have yet to announce the final contours of any trade agreement, the US side has flagged various business deals in the pipeline.
In a pre-recorded interview with Fox News that aired on Thursday, Trump said that China would invest “hundreds of billions of dollars” in companies run by the CEOs in his delegation, without providing further details.
Trump also said that Beijing had agreed to purchase US oil and 200 Boeing aircraft.
Trump administration officials have said that the sides are also discussing the establishment of a “Board of Investment” to manage investments between the countries.
“A realistic ‘opening up’ of the Chinese market would likely focus first on sectors where the economic complementarity is most obvious,” Taiyi Sun, an associate professor of political science at Christopher Newport University in Newport News, Virginia, told Al Jazeera.
“Agricultural goods such as soybeans and beef, as well as high-value-added manufacturing products like Boeing aircraft, are natural areas for expansion because they match existing Chinese demand with American export strengths.”
Sun said a “gradual” opening for US firms in sectors such as financial services could also be possible.
“But those areas are politically and institutionally more sensitive inside China, so progress would likely be incremental rather than immediate,” he said.
Gabriel Wildau, a senior vice president at global business advisory firm Teneo, said both sides will be seeking to address supply-chain vulnerabilities exposed by their trade war.
“The Iran war has likely increased the US’s vulnerability to export controls on rare earths, given the need to rebuild the munition stocks depleted in that war,” Wildau told Al Jazeera.
“Washington will therefore be willing to offer tariff relief – or at least assurances not to impose new tariffs – in exchange for Beijing’s commitment to keep rare earth exports flowing.”
While Trump and Xi agreed to roll back some trade barriers at their summit in South Korea, US-Chinese business and trade remain severely constrained after a decade of tit-for-tat economic salvoes between the sides.
The average US tariff on Chinese goods stood at 47.5 percent after the South Korea summit, up from 3.1 percent before Trump’s first term, according to the Peterson Institute for International Economics.
China’s average tariff on US goods stood at 31.9 percent, up from 8.4 percent in 2018, according to the think tank.
Two-way goods trade amounted to about $415bn in 2025, down sharply from its 2022 peak of $690bn.
Carsten Holz, an expert on the Chinese economy at the Hong Kong University of Science and Technology, said China has less incentive to make concessions to the US than before, amid the rise of its domestic industries.
“Across many industrial sectors, PRC [People’s Republic of China] firms hold leading or controlling positions,” Holz told Al Jazeera.
“As a result, the PRC economy has little to gain from opening further to the US and is likely to only offer largely symbolic gestures.”
Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore, voiced similar sentiments about the limits of US leverage.
“Basically, Trump expects China to buy more stuff from America and let US companies operate more freely in China,” Elms told Al Jazeera.
“What is he offering?” Elms said. “Very little, largely because Trump sees the bilateral relationship as one where the US has been fair and China has not.”
Reade, the former USTR official, said Xi would not agree to any measures that “harm Chinese interests in any way.”
“Instead, China will potentially give the US no-cost ‘gifts,’” Reade said, suggesting such measures could include the removal of trade barriers it placed on US beef.
“It may buy US goods it needs,” Reade said.
“If it allows purchases of US tech products, it will only be because it needs them right now,” she added, “But this does not interfere with China’s strategic plans to eliminate dependence on US technology over the longer term.”
Trump is shelling out $2 billion of taxpayer money to kill wind power projects, but his hatred for the technology is based on myths
Picking the wildest fantasy promoted by President Trump as a basis for public policy is increasingly challenging — is it his yarn about schoolchildren being secretly abducted from their classrooms and given sex-changing operations? The notion that the vaccines given to children are like “a vat, like a big glass, of stuff pumped into their bodies?”
Here’s one that has disrupted the economics of renewable energy generation and will cost Americans billions of dollars: It’s Trump’s “completely weird war on wind power in the United States,” based on a sheaf of “fact-free arguments.”
That judgment comes from Steven Cohen, a climate policy expert at Columbia University, who points out that wind already accounts for 10.5% of U.S. energy generation, that it’s destined to continue growing — and that most of it is generated today in red states such as Texas, Oklahoma, Iowa and Kansas.
Fifty years from now, people are going to be amazed that we burned these rare, useful hydrocarbons for fuel, when the sun was just sitting up there providing an essentially infinite source of energy.
— Steven Cohen, Columbia University
There is no question that Trump’s weird war against wind is full blown. On the day of his second inauguration, he issued an executive order shutting down all new permits for offshore wind farms and ordered the Interior Department to review existing permits.
A federal judge in Massachusetts blocked the executive order in December, and his orders suspending work on existing offshore wind projects have been halted by other federal judges. The Trump administration has blocked or delayed as many as 165 wind projects on private land, citing “national security” concerns, according to the American Clean Power Assn.
Commentary on economics and more from a Pulitzer Prize winner.
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Most recently, Trump has reached agreements with offshore wind firms in which the government will pay them a combined $2 billion to abandon their U.S. projects.
At some level, this crusade resembles Trump’s misguided effort to revive the American coal industry, which is on the glide path to inevitable extinction. In that case, Trump is waging an explicitly partisan and ideological battle. “We’re ending Joe Biden’s war on beautiful, clean coal,” he declared last April.
Trump’s anti-wind program is part of his campaign to dismantle U.S. renewables policy because of its roots in the Biden administration.
Additionally, multiple commentators conjecture that his hostility to wind originated in 2011, when he groused that an offshore wind farm would be visible from one of his golf courses in Scotland. He sued to thwart the “ugly” project, and lost.
But Trump has mustered other arguments against wind, on- and offshore, none of which holds water.
During a cabinet meeting in July 2025, he called wind “a very expensive form of energy.” In fact, on average it’s cheaper than natural gas, coal and nuclear generation. Perhaps more important, the cost has been coming down sharply as technology improves and the sector reaches critical mass: falling to eight cents from 21 cents per kilowatt-hour from 2010 to 2024 for offshore projects, and to 3.4 cents from 11.3 cents for land-based wind farms over the same period.
Trump blamed wind turbines for mass killing whales and birds. Neither assertion is correct.
The National Oceanic and Atmospheric Administration, a federal agency, says “there are no known links between large whale deaths and ongoing offshore wind activities.”
The Audubon Society reported in January that although wind turbines can present hazards to birds, “developers can effectively manage these risks without significantly increasing project costs.” The biggest risks to birds come from the climate: “Two-thirds of North American birds are at increasing risk of extinction from global temperature rise,” the society reported — a threat that wind power can ameliorate.
Trump spokeswoman Taylor Rogers didn’t respond to my questions about the derivation of his anti-wind stance, but told me by email only that “President Trump has been clear: hard-earned taxpayer dollars shouldn’t be wasted on unreliable and costly wind farms that pose serious threats to our national security. Instead, we should be strengthening and expanding our infrastructure that produces reliable, affordable, and secure energy like natural gas plants.”
That brings us to the recent deals with offshore wind developers. The largest single deal, signed in March, was with the French firm TotalEnergies, which is to receive approximately $1 billion from the federal government to abandon all of its U.S. offshore wind projects and invest instead in oil and gas projects, including a liquefied natural gas export facility in Texas.
In his March 23 announcement of the deal, Interior Secretary Doug Burgum called offshore wind “one of the most expensive, unreliable, environmentally disruptive, and subsidy-dependent schemes ever forced on American ratepayers and taxpayers.”
This is what Huck Finn would call a “stretcher,” given the decades of subsidies spooned out to the oil and gas industry, reaching more than $30 billion a year in federal and state tax credits, indulgent regulation of pollution and low-cost access to federal lands. Indeed, the investment firm Lazard recently reported that renewables, including wind, are a cost-competitive form of generation even without subsidies. (Lazard’s calculation is of the “levelized cost of energy,” meaning the average cost over a generating plant’s lifetime.)
TotalEnergies fell into lockstep with the Interior Department in its own announcement, explaining its willingness to renounce U.S. offshore wind power because “offshore wind developments in the United States, unlike those in Europe, are costly,” echoing the agency’s position that “the development of offshore wind projects is not in the country’s interest.” Never mind that one factor that makes U.S. offshore wind development costly compared with Europe is the Trump administration’s opposition.
The government subsequently reached an agreement to pay the French company Ocean Winds $885 million to walk away from two offshore wind projects, including one in the waters off California. Ocean Winds described the deal as one driven chiefly by economics, but hinted at pressure from the White House.
“We welcome the opportunity to engage constructively with the administration on this agreement and acknowledge the clarity they have provided with this decision and deal,” Michael Brown, the chief executive of Ocean Winds North America, said when the deal was announced last month. “Our priority remains disciplined capital allocation and delivering reliable energy solutions that create long-term value for ratepayers, partners, and shareholders.”
The TotalEnergies deal, which the government has described as a “refund” of money the firm paid for its offshore leades, raised the hackles of congressional Democrats, who assert that it violates the law and constitution in multiple ways.
“We will hold you accountable for this billion-dollar ripoff,” Reps. Jamie Raskin (D-Md.), ranking member of the House Judiciary Committee and Jared Huffman (D-San Rafael), ranking member of the House Committee on Natural Resources, warned TotalEnergies CEO Patrick Pouyanné in an April 29 letter.
Among other infirmities Raskin and Huffman alleged, the government’s national security rationale for canceling offshore wind leases looks “fabricated”; the payout violates the statutory formula for compensation for canceled leases; the money is to come from a fund designed only to pay court-ordered judgments and settlements of lawsuits, which don’t exist in this case; and includes a provision preventing the deal from being reviewed by a court.
The last of those provisions would have to be authorized by Congress, the letter states, asking for documents and a response from the company by Wednesday. Committee spokespersons weren’t available to say whether they received a response from TotalEnergies, and the company didn’t respond to my request for comment. I received no response from the Department of the Interior.
The California Energy Commission has opened an investigation into the Ocean Winds deal.
“The Trump Administration is recklessly spending billions of taxpayer dollars on backroom deals that would turn back the clock on innovation” CEC Chair David Hochschild said. “Taxpayer dollars should be used to build a sustainable energy future, not to pay to make projects disappear.”
What’s especially wasteful about Trump’s crusade against wind power is that it’s almost certain to be time-limited.
It’s hardly debatable that renewables such as solar and wind will be our principal sources of energy in the future; holding back the clock achieves nothing but injecting uncertainty into investment decisions that need to be made now, at a time when the price of oil is on the upswing thanks to Trump’s Iran adventure and Europe and China are racing to transition away from fossil fuels, while the U.S. remains becalmed by ideology.
“In the long run, fossil fuels will be used for petrochemicals and not for burning,” Cohen told me. “Fifty years from now, people are going to be amazed that we burned these rare, useful hydrocarbons for fuel, when the sun was just sitting up there providing an essentially infinite source of energy.”
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EU lawmakers have reached a provisional deal to make the EU-US trade agreement suspendable in the event of a market disruption caused by a surge in US imports, Euronews has learned from two sources close to the talks.
Intense negotiations have been underway between EU governments and the European Parliament over the implementation of the deal, which would cut EU tariffs on US goods to zero, under pressure from the Trump administration.
The US has suggested it will double tariffs on European cars if an agreement to swiftly implement the deal is not approved by the European Parliament by 4 July
MEPs have been pushing for tougher conditions since the agreement was clinched last summer between Trump and European Commission President Ursula von der Leyen, arguing that it must not become a vehicle for extortion of the EU.
The deal sees tariffs tripling on EU goods entering America, although the duties are not stackable, while US industrial goods are reduced to zero. Members of the European Parliament have been delaying a vote to implement the accord, arguing that it needed to be rebalanced and include clauses to protect the EU’s interests.
In recent days, a provisional compromise was found on a safeguard mechanism allowing the EU to reimpose tariffs on US industrial goods if a surge in imports disrupts the European market. The details of the wording of the clause are still under discussion.
Negotiators also agreed in principle to include a “sunset clause” that would automatically terminate the deal unless renewed. Parliament initially sought an expiry date of March 2028, though the final timeline remains under negotiation, the sources said.
However, talks remain at a standstill over a proposed “sunrise clause” defining when the agreement would begin to apply. The EU Parliament wants the implementation date to start only once Washington complies with the 15% tariff cap, while the Commission opposes the condition and wants it done immediately, one source said.
The sunrise clause was introduced by MEPs after a US Supreme Court ruling in February declared the 2025 US tariffs illegal, prompting Washington to introduce new duties on EU goods that now average above the agreed ceiling, therefore in violation of the deal.
The European Commission is also pushing to remove references to the EU’s Anti-Coercion Instrument, seen as the EU’s trade bazooka that could curtail US access to the European single market in unprecedented ways.
The Commission is also pushing back against provisions allowing the suspension of the deal if Trump were to threaten the bloc’s territorial integrity again, one of the source said.
Following Trump’s threats earlier this year to target EU countries refusing to support a US acquisition of Greenland, MEPs also added provisions allowing the suspension of the deal in the event of threats to the EU’s territorial integrity.
The Anti-Coercion Instrument is one of the EU’s strongest market defence tools, designed to counter economic pressure from third countries through measures including restrictions on licenses and intellectual property rights. Its use was repeatedly discussed at the height of transatlantic trade tensions last year, but never approved.
EU negotiators are aiming to finalise the agreement by June ahead of a plenary vote in the European Parliament the same month, in time for the 4 July deadline set by Trump.
As LeBron James sat at the podium following the Lakers’ season-ending loss to the Oklahoma City Thunder in Game 4 of the Western Conference semifinals on Monday night, he was asked about his future.
He had just completed his 23rd season in the NBA at 41 years old and he will become a free agent this summer.
James has been asked about retirement all season — and if he would return to the Lakers next season or play for another team.
So after finishing with 24 points and 12 rebounds in the 115-110 loss, James addressed the situation again.
“With my future, I don’t know, honestly,” James said. “It’s still fresh from obviously losing. And I don’t know. I don’t know what the future holds for me, obviously. As it stands right now, tonight, I got a lot of time. I’ll sit back, like I think I said last year after we lost, I think to Minnesota, to go back and recalibrate with my family and talk with them, and spend some time with them. And then when the time comes, then obviously you guys will know what I’ve decided to do.”
James said he’ll talk to his wife, Savannah, his daughter, Zhuri, and his son, Bryce.
James was asked what his decision process will be like.
“I don’t know,” he said. “If I can commit to still being in love with the process of showing up to the arena five-and-a-half hours before a game to start preparing for a game, giving everything I got, diving for loose balls and doing everything that you know that it takes to go out and play. Showing up to practices, 11 o’clock practice, I’m there at eight o’clock preparing my body, preparing my mind, preparing to practice, to put the work in.
“So I think for me, I’ve always been in love with the process and not the aftermath of, OK, we won that game, or we won a championship. I’ve always enjoyed the process and not the outcome. So, I think that would be a big factor.”
LeBron James, center, celebrates with his Lakers teammates after defeating the Miami Heat for the NBA title on Oct. 11, 2020.
(Wally Skalij / Los Angeles Times)
James has been with the Lakers for eight seasons. He helped the team win an NBA championship in 2020 in the COVID-19 bubble in Orlando, Fla.
James was asked what has stood out during his time with the Lakers.
“Obviously winning a championship in 2020 would stand at the top,” James said. “That was the reason why I came here, to restore that level of play and restore this franchise back to what it was known for, winning championships and playing at a high level. … So that would be at the top.”
After the loss to the Thunder, James shook hands with All-Star guard Shai Gilgeous-Alexander, Alex Caruso, Lou Dort before walking off the court.
James was asked if those were the last handshakes of his career.
“Last handshakes? No, I don’t know. ‘Cause I don’t, I have no idea,” James said. “None of us even know what the future holds. None of us.”
The Lakers know that they could have eight unrestricted free agents in their immediate future.
After James, the next biggest potential free agent is Austin Reaves. He is expected to opt out of his deal that will pay him $14.8 million and become a free agent, according to people familiar with the situation not authorized to comment. The Lakers can pay Reaves a maximum deal of $241 million over five years, with a starting salary of about $41.5 million next season.
The Lakers value Reaves and are expected to meet his demands. Reaves could sign with another team that has salary-cap space, but that deal would be for four years and about $178 million.
“I take life day by day and I’m just blessed to have an opportunity to play for this organization, play a kid’s game,” Reaves said. “I make good money. But like I said, don’t think about what I’m really going to do in the future. Just day by day.”
Center Deandre Ayton had an inconsistent season, averaging 12.5 points on 67.1% shooting and 8.0 rebounds. He can opt out of his deal that pays him $8.1 million next season and become a free agent. But Ayton hasn’t yet made a decision, according to people familiar with the situation not authorized to comment.
Lakers star Austin Reaves celebrates after shooting a three-pointer against the Thunder on Monday.
(Robert Gauthier / Los Angeles Times)
Marcus Smart, a locker room leader and their best defensive player, also has a player option for next season at $5.3 million. He hasn’t made a decision yet on whether he’ll test the free-agent market. According to several NBA executives, a few teams probably will show interest in him.
The deadline to exercise or decline an option is June 29.
Rui Hachimura’s ($18.2 million), Luke Kennard ($11 million), Maxi Kleber ($11 million) and Jaxson Hayes ($3.4 million) are also in the final year of their deals.
Doncic, who missed the playoffs and the last five games of the regular season with a Grade 2 left hamstring strain, signed a three-year, $165-million extension last summer, keeping him under contract through the 2027-28 season.
Jarred Vanderbilt ($12.4 million), Jake LaRavia ($6.0 million), Dalton Knecht (4.2 million), Bronny James ($2.2 million) and rookie Adou Thiero ($2.1 million) are under contract for next season.
Eileen Wang, an Arcadia city leader facing charges of acting as an illegal foreign agent of China, resigned Monday after reaching an agreement to resolve the federal case.
Wang, who served as mayor of the San Gabriel Valley suburb, entered into a plea agreement with prosecutors over charges that she acted under the control of the People’s Republic of China to promote propaganda in the U.S. between 2020 and 2022, according to court filings.
Wang, who was previously elected to the City Council in November 2022, stepped down as mayor on Monday hours after the plea agreement was unsealed. Arcadia officials and Wang’s attorneys said the conduct described by federal authorities occurred before Wang was elected.
Wang appeared in federal court in downtown Los Angeles during a brief hearing Monday, where a judge instructed her lawyers to set a date when she would formally enter a guilty plea.
The maximum sentence for the charge is 10 years in prison.
Dressed in a blue suit jacket and skirt and accompanied by four lawyers, Wang listened to the proceeding through a Mandarin interpreter. She sniffled throughout the hearing, wiping at her eyes and her nose with her hand and a tissue.
The magistrate judge ordered a $25,000 bond and for her to surrender all of her passports and travel documents. Assistant U.S. Attorney Amanda B. Elbogen asked that the judge order Wang to refrain from any communication with the Chinese government, including consular officials in the U.S.
“Individuals in our country who covertly do the bidding of foreign governments undermine our democracy,” said First Assistant U.S. Attorney Bill Essayli in a statement Monday. “This plea agreement is the latest success in our determination to defend the homeland against China’s efforts to corrupt our institutions.”
In a statement, Wang’s attorneys, Brian A. Sun and Jason Liang, said “she apologizes and is sorry for the mistakes she has made in her personal life.”
“Her love and devotion for the Arcadia community have not changed and did not waver. She asks for the community’s understanding and continued support,” her attorneys said.
The city of Arcadia’s website said Wang was “vacating her position” and the process of selecting someone to step in as mayor would begin at the next City Council meeting.
“We understand this news raises serious concerns, and we want to be direct with our community about what we know and where we stand,” City Manager Dominic Lazzaretto said in a statement. “The allegations at the center of this case, that a foreign government sought to exert influence over a local elected official, are deeply troubling. We take them seriously.”
From late 2020 through at least 2022, Wang worked with Yaoning “Mike” Sun, her former fiance, to run a website called U.S. News Center that branded itself as a news source for Chinese Americans, according to the plea agreement unsealed Monday. Both Wang and Sun “executed directives” from Chinese government officials, posting requested articles and reporting back with screenshots showing how many people viewed the stories, the agreement says.
On June 10, 2021, the agreement says, Wang received a message from a government official about “China’s Stance on the Xinjiang Issue,” which included a link to a letter to the editor in the Los Angeles Times from the consul general of the People’s Republic of China in Los Angeles. The consul general had been responding to a Times editorial supporting a boycott of products made with cotton produced in the Xinjiang region of China.
At the time, news reports were highlighting the Chinese government‘s campaign of incarceration, persecution and “reeducation” of Uyghurs in the Xinjiang province.
“There is no genocide in Xinjiang; there is no such thing as ‘forced labor’ in any production activity, including cotton production. Spreading such rumor is to defame China, destroy Xinjiang’s safety and stability,” read the message from the Chinese government official, according to the plea agreement.
Minutes after receiving the link, Wang posted the article on her website and responded to the Chinese government official with a link to the article on her website, according to the court filing.
“So fast, thank you everyone,” the government official responded, the court records show.
Prosecutors also say Wang edited articles at the request of officials and shared information showing the reach of the posts.
“Thank you leader,” she wrote on Aug. 20, 2021, after being complimented for a post that was viewed more than 15,000 times, according to the plea agreement.
Wang never disclosed that the Chinese government had directed her to post the content, according to court documents.
Wang’s attorneys stressed in their statement “that the conduct underlying the information and the agreement with the government relates solely to Ms. Wang’s personal life — i.e., a media platform that she once operated with someone whom she believed to be her fiancé — and not to her conduct as an elected public official.”
Prosecutors charged Sun, a resident of Chino Hills, in December 2024 with conspiracy and acting as an illegal agent of a foreign government. Wang said her relationship with Sun ended in the spring of 2024.
Sun had also served as campaign manager for her City Council campaign to lead Arcadia, a landing spot for many Chinese and Taiwanese immigrants. Prosecutors accused Sun and his Chinese government contacts of cultivating Wang in hopes that she would rise in politics and help them strengthen China’s influence in California.
“We broke up the fiance relationship,” Wang told the City Council after he was charged. “We keep the friendship.”
Sun was sentenced in February to four years in federal prison after pleading guilty in October 2025 to one count of acting as an illegal agent of a foreign government.
Sun worked as an illegal agent for the People’s Republic of China, submitting reports to high-level government officials about work he was doing on the government’s behalf, according to a federal sentencing memorandum. This activity included combating Falun Gong, a spiritual practice banned in China, and supporters of Taiwanese independence. Sun also was accused of monitoring the then-president of Taiwan during her April 2023 trip to the U.S.
Facing calls for her resignation on the heels of her former fiance’s indictment, Wang vowed at the time not to step away from the council, emphasizing that she was “not responsible for the action of others.”
Wang said in a 2024 interview that she moved to Southern California from China 30 years ago. Her mother was a Chinese medicine and acupuncture doctor and her father was a physician in Sichuan province before working at USC, she said.
Wang appeared as usual at last week’s city council meeting, shepherding along discussions on street paving, the upcoming budget and a potential e-bike ordinance. Lazzaretto, the city manager, said in his statement that the city has conducted an internal review related to the charges and found no wrongdoing.
“We can confirm that no City finances, staff, or decision-making processes were involved,” Lazzaretto said in a statement. “We have found no actions that require reconsideration or that are invalidated as a result of these developments.”
Clara Harter contributed to this report.
Digital entertainment company BuzzFeed Inc. is selling its majority stake to Los Angeles entertainment mogul Byron Allen for $120 million.
BuzzFeed announced the sale late Monday, saying Allen Family Digital had agreed to pay $3 a piece for 40 million shares, representing a 52% stake in the company.
Allen will pay $20 million in cash upfront with the remaining $100 million due in five years.
As part of the deal, Allen also will take over HuffPost, another internet pioneer, owned by BuzzFeed.
The sale is expected to close later this month. BuzzFeed founder and current chief Jonah Peretti will transition to a new role as president of BuzzFeed AI.
Allen will become chairman and chief executive.
“This investment in our business and Byron’s management roles will provide liquidity and operational focus to BuzzFeed,” Peretti said in a statement.
Once an internet darling valued at $1.5 billion, the 20-year-old site appealed to consumers with its lists, splashy news articles and quizzes, including “Which ‘Schitt’s Creek’ character are you?”
BuzzFeed has been on the ropes, financially, for a number of years. It bought HuffPost in 2021 to bolster its readership and offerings to advertisers. Three years ago, it pulled the plug on its once ubiquitous BuzzFeed News unit.
BuzzFeed reported a $15 million net loss in the first-quarter of the year. The company generated $31.6 million in revenue, a 12.4% decline compared to the year-ago period. Ad revenue fell nearly 20% year-over-year to $17.1 million. However, content revenue grew more than 50% to $7.5 million.
BuzzFeed soon will make another round of significant cost cuts prior to Allen’s takeover, Peretti said in the statement. He added that BuzzFeed Studios and Tasty will spin off to form a new independent entity.
The deal comes at a busy time for Allen, a former stand-up comedian who is taking over CBS’ late night block later this month, replacing “The Late Show with Stephen Colbert,” which is being canceled by CBS and its owner Paramount Skydance.
Earlier this month, Allen sold television stations in nearly a dozen markets owned by the Allen Media Group to Atlanta-based Gray Media Inc. for about $170 million.
Allen still owns 13 network-affiliate stations in nearly a dozen markets, including the Weather Channel‘s linear and digital outlets, including PETS.TV and COMEDY.TV.
“Our vision is to build on the iconic foundation of BuzzFeed and HuffPost by expanding into free-streaming video, audio and user-generated content,” Allen said. “BuzzFeed is officially chasing YouTube to become another premiere free video streaming service.”
When Kevin Hart announced in January that he’d licensed his name to Authentic Brands Group, the popular comedian was silent on a key detail: the future of his namesake media company.
Hart sold some ownership and oversight of his brand in exchange for an undisclosed sum of money and a stake in Authentic, a New York-based firm that manages the likenesses of Marilyn Monroe, Muhammad Ali, Shaquille O’Neal and David Beckham.
Hart used the partnership with Authentic to reset his relationship with the people around him and his company, according to six current and former employees. Hart’s employees say they worry that this deal marks the beginning of the end of Hartbeat, the comedian’s namesake media company that produces films, owns a network of short-form video channels and handles marketing for brands.
Though the announcement made no mention of Hartbeat, the agreement gave Hart money to buy out his private equity partner in the company over time and regain control of the use of his name, image and likeness. Hart’s endorsement deals, which had been a pillar of Hartbeat business, will now be handled by Authentic.
Once valued at about $650 million, Hartbeat has shriveled over the past few years. The company enacted its latest round of job cuts in December, firing the heads of its scripted TV division, as well as employees working across marketing, social media and brand partnerships, said the people. Earlier this year it let go the leaders of its podcast division and later sued them for breach of contract.
Hart has withdrawn from the company, leaving day-to-day management in the hands of a small group of executives. Staff meetings have been canceled. The development of new film and TV projects has slowed. A slate of new podcasts was pitched but never produced.
Hartbeat’s struggles reflected the challenging environment for many Hollywood production companies as media giants merge and cut spending. The company is also a cautionary tale in this age of the celebrity media mogul. Financial firms have plowed money into media companies led by high-profile figures, believing they could use their notoriety to build valuable businesses. Yet even seemingly successful ones have had a hard time.
Hartbeat, like many of its peers, has suffered from mismanagement and grappled with the tension between the needs of the star and his company. Hart, one of the hardest-working people in Hollywood, tired of subsidizing a company that relied so much on him
Hart declined to comment for this story, which is based on conversations with several current and former employees. On Sunday night, Hart, who hosted the widely viewed roast of NFL great Tom Brady two years ago, was the subject of his own roast on Netflix.
One of the most successful stand-up comedians and actors of his generation, Hart, 46, has always been entrepreneurial. In 2017, he started Laugh Out Loud, an online video comedy business that later grew to include branded entertainment. He also operated his own production company, Hartbeat Productions, that made programs for streaming services like Peacock, Quibi and Netflix Inc.
With Hollywood in the midst of a production boom, Hart watched his fellow celebrities get rich from their media enterprises. Reese Witherspoon sold her media company, Hello Sunshine, in a deal that valued it at as much as $900 million. Hart’s friend LeBron James raised money for his company, SpringHill, at a valuation of $725 million. Hart believed he could be next.
In late 2022, Hart merged his business interests under the Hartbeat banner and raised money by selling a 15% stake to the private equity firm Abry Partners. The deal valued the company at about $650 million.
The new business was predicated on three pillars: film and TV, short-form video and advertising. Hartbeat had a deal to produce movies for Netflix, a slate of podcasts for SiriusXM Holdings Inc. and original audio series for Audible. Hartbeat also developed relationships with advertisers such as Lyft Inc., Procter & Gamble Co. and DraftKings Inc.
While Hart would star in Hartbeat projects, the goal of the company was to develop projects and new business that didn’t involve its namesake founder. The company could leverage Hart to sell projects and secure broad programming partnerships. Hart would ask that Hartbeat be involved in producing his movies and any advertising campaign for which he was a spokesperson. His fees as a producer and brand ambassador would help pay the bills. The hope was he’d convince other celebrities to use Hartbeat as well. Thai Randolph, who had been running Laugh Out Loud, was named chief executive officer.
Hartbeat opened offices in New York and Atlanta and took over a 40,000-square-foot West Hollywood office once occupied by Oprah Winfrey. Hart redesigned the space and installed a world-class art collection.
The upper-level lobby featured a work by Ghanaian artist Serge Attukwei Clottey, while the conference room had a sculpture by Zimbabwean artist Moffat Takadiwa made of computer keyboard keys. A portrait of Kobe Bryant by Julian Pace hung outside a podcast studio.
Hart’s own office featured a dressing room, a series of paintings by South African artist Feni Chulumanco, multiple TVs and a desk from a prominent French designer. “He really has almost a full-service apartment in his suite,” Kai Williamson, who worked with Hart on the project, told Architectural Digest. Hart was interviewed for a story and also filmed an episode of the design magazine’s “Open Door” video series.
While Hartbeat expanded, Hollywood entered a recession. Economic uncertainty, rising interest rates and growing skepticism about the profitability of streaming caused major media companies to fire staff and pull back on buying new projects. Hartbeat was a little more insulated than most because talent like Hart could usually still get a project made. Still, producing projects without Hart in a starring role became more difficult.
Randolph left the company in late 2023 and was replaced by Jay Levine, who had spent much of his career at Warner Bros. Discovery Inc. Levine brought in a couple of other senior leaders with experience at major media companies.
A contingent of executives pushed Hart to scale back some ambitions, the people said. The company couldn’t afford to be working in so many different businesses at the same time, especially as areas like free, advertising-supported online video, and podcasts got more competitive. Hart was one of the most prolific and productive creative people in the world, starring in and producing movies, TV shows, comedy, short-form videos and advertisements. The point of the company was to relieve the stress on him, not add to it.
While Hartbeat closed its New York office, Hart was reluctant to scale back his vision or replace some long-time lieutenants. Levine negotiated his exit at the end of 2024 and was followed out the door by the company’s chief financial officer and chief content officer. Days before Thanksgiving, Hartbeat laid off about 20 people, nearly one quarter of its work force.
In January 2025, Hart announced he would be the new CEO of Hartbeat and pledged to outline the firm’s strategy in the coming weeks. Instead, Hart went weeks and sometimes months without visiting the office, the people said, and empowered Jeff Clanagan and CFO Eric Stoneburner to run the company day to day. (Hart was on set to shoot at least a couple movies last year, in addition to his other work.)
A former concert promoter and movie producer, Clanagan had helped make Hart a major star. He had partnered with Hart to bring his stand-up specials to the big screen, producing shows such as 2013’s Kevin Hart: Let Me Explain, which grossed $32 million at the box office. Clanagan produced some of these specials under the banner of his own company, Codeblack Films, which helps promote, market and distribute video from Black creators.
Clanagan continued to operate Codeblack while serving in a senior capacity at Hartbeat, said the people. He pushed employees at Hartbeat to post its videos to the Codeblack channels as well, saying they could use the additional reach to raise awareness. The videos generated advertising sales for Codeblack.
Clanagan had employees at Hartbeat oversee Codeblack’s social media pages and asked to get those channels loaded into Hartbeat’s content management system. That gave Codeblack’s YouTube channels advantages over others because of Hart’s prominence and his company’s designation with YouTube. Employees raised concerns with human resources and the company’s lawyer.
Clanagan also became increasingly interested in video generated by artificial intelligence. He started a new app called Blktopia, a streaming service for Black viewers programmed with content from online creators and often made by AI. He urged employees to work on it, the people said. Clanagan initially responded to a request for comment and then retracted the text message.
Meanwhile, many of Hartbeat’s main businesses languished. Sales from the company’s YouTube channels fell and investment in new film and TV projects slowed. Hartbeat, once profitable, started to bleed cash. Hartbeat had hired Eric Eddings and Lesley Gwam to produce audio shows that didn’t involve Hart. While the pair developed a slate of projects, they never got approval to make them.
In mid-December, Hartbeat fired about a dozen employees, including some of those who were supposed to develop the podcasts. Eddings and Gwam then decided to start their own company and began trying to raise money. When Clanagan found out, Hartbeat fired them and sued for alleged theft of trade secrets and breach of contract.
A court approved a temporary restraining order but then rejected a preliminary injunction, saying Hartbeat had not demonstrated Eddings and Gwam had used proprietary information or trade secrets. The court said the request was “vague, ambiguous, and overly broad.” The case is ongoing.
Hartbeat also fired the heads of its TV division, Tiffany Brown and Mike Stein, who were in the middle of producing a TV show based on the film Barbershop for Amazon.com Inc. and a second season of the animated series Lil Kev.
The company made no official announcement explaining the cuts. The following week, senior leadership arranged a Zoom meeting. Hart remained off camera until it was his time to speak. He talked for a few minutes about changes at the company and took no questions. Hart changed his phone number in the weeks following the layoffs. (Some of his advisors had suggested he do this years earlier so that he wasn’t so available.)
A few weeks later, Hart announced the deal with Authentic Brands Group. Hart used some of the proceeds to buy out Abry Partners, freeing him to steer his brand deals to Authentic and outside of Hartbeat. A few of his employees and his publicist joined him at Authentic.
“This is a turning point for Hartbeat,” the company wrote in a subsequent email to employees, explaining that the deal would free Hart up to focus on what he does best, while allowing Hartbeat to stand on its own and grow beyond him.
“I know the past few months have been tough,” Hart wrote, adding that for too long the company had been too dependent on him. The email was said to be from “Kevin AKA Boss Man.” It was sent by Hart’s assistant.
Shaw writes for Bloomberg.
Sailors aboard the ROKS Dosan Ahn Chang-ho, a 3,000-ton South Korean naval submarine, bid farewell to family members at a naval port in Changwon, South Gyeongsang Province, South Korea, 25 March 2026. The submarine is departing across the Pacific for the first time to take part in joint drills with Canada in June aimed at bolstering maritime security and defense industry cooperation. Photo by YONHAP /EPA
May 8 (Asia Today) — South Korea’s first domestically designed 3,000-ton submarine has completed a long-distance Pacific deployment as Seoul seeks to strengthen its bid for Canada’s next-generation submarine procurement program.
The South Korean Navy said the Dosan Ahn Chang-ho departed Pearl Harbor-Hickam in Hawaii on Friday with two Canadian Navy submarine personnel aboard and is scheduled to arrive at Esquimalt Harbor in Victoria, British Columbia, in late May.
The submarine left Jinhae Naval Base on March 25 and traveled through Guam and Hawaii before heading toward Canada.
The deployment is seen as a major test of the submarine’s endurance, reliability and operational performance, as South Korean shipbuilders compete for Canada’s submarine project, estimated at about $42 billion.
The Dosan Ahn Chang-ho is expected to travel up to about 18,600 miles round trip, much of it independently. Defense officials say the mission is intended to demonstrate the submarine’s long-range capabilities, quiet operation, onboard living conditions and air-independent propulsion system.
Two Canadian Navy personnel, Maj. Britany Bourgeois and Petty Officer Jake Dixon, joined the submarine for the final leg from Hawaii to Canada.
The submarine is expected to take part in joint training with the Canadian Navy after arriving in late May. The exercises are expected to focus on anti-submarine warfare and interoperability.
Canadian officials are expected to assess whether the South Korean submarine meets key requirements for long-range patrols and operations near Arctic waters.
The Dosan Ahn Chang-ho will later participate in the U.S.-led Rim of the Pacific exercise, known as RIMPAC 2026, alongside South Korea’s next-generation Aegis destroyer Jeongjo the Great.
South Korea’s participation is expected to highlight its growing ability to operate with U.S. and allied naval forces in complex maritime environments.
Canada’s submarine procurement program calls for the acquisition of 12 submarines. South Korean shipbuilders Hanwha Ocean and HD Hyundai Heavy Industries are competing against Germany’s Thyssenkrupp Marine Systems for the contract.
Defense analysts say the Pacific deployment gives South Korea an opportunity to demonstrate proven operational capabilities directly to Canadian officials rather than relying only on written proposals or technical specifications.
The Dosan Ahn Chang-ho is the lead vessel of South Korea’s KSS-III Batch-I class. The submarine has an underwater displacement of about 3,700 tons, is 83.5 meters long and was designed and built in South Korea.
South Korean defense officials say the deployment marks a milestone for the country’s submarine program and reflects the expansion of the Navy’s operating range from coastal waters to the open ocean.
If South Korea wins the Canadian contract, it would mark the largest single defense export deal in the country’s history.
— Reported by Asia Today; translated by UPI
© Asia Today. Unauthorized reproduction or redistribution prohibited.
Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260508010001855
Israeli attacks killed at least 31 people in southern Lebanon on Friday, including a rescue worker, Lebanon’s official National News Agency said.
Published On 9 May 20269 May 2026
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The union representing workers employed by the Writers Guild of America have reached an agreement on their first contract, ending a strike that lasted nearly three months.
The pending contract includes seniority and layoff protections, higher wages and outlines provisions for progressive discipline and a stepped grievance process, the Writers Guild Staff Union said in a statement Friday.
The union represents 116 members, who work in areas including legal, communications and residuals. They will vote on proposed contract in the coming days.
“Once ratified, the WGSU strike will end and Writers Guild staff will return to doing what we do best: defending the writers’ hard-fought gains and helping them build collective power,” the WGSU Bargaining Committee said in a statement.
WGA also said in a statement that they “are pleased to have reached a tentative agreement” with the union for its first collective bargaining agreement.
If ratified, members would see a minimum of 12% increases in pay for all Writers Guild staff over the course of the three year term. The salary floor would rise from $43,000 to $57,000. The staff would also see better protections against AI.
The strike began in February, weeks before the WGA was set to enter negotiations with the major studios, with the workers accusing their employer of bargaining in bad faith.
Over the last several months, tensions have been high between the two unions. In March, WGA had to cancel its Los Angeles-based award show, as it could “not ask our members or guests to cross a picket line.” The staffers also lost access to their healthcare in April, as they were no longer eligible.
Last month, Hollywood writers officially ratified their newest contract with the Alliance of Motion Picture and Television Producers, with more than 90% voting in favor of the deal. The union represents 11,000 members.
Two press freedom groups that own shares in Paramount Skydance are demanding to see the company’s books and internal documents, citing allegations that the company’s leaders may have promised favors to the White House to win approval for Paramount’s deal to acquire Warner Bros. Discovery.
The letter, sent Thursday to Paramount chief legal officer Makan Delrahim, says that media reports alleging that Paramount owner David Ellison and others promised favors to the Trump administration “create credible concern that Paramount leadership has offered, solicited, or effectuated a corrupt exchange,” which the groups argue would “constitute a breach of fiduciary duties” and open the company up to a “range of potential civil and criminal penalties.”
The letter cites Delaware law that allows stockholders to inspect the company’s books and records “for any proper purpose.”
Paramount declined to comment on the letter.
Among the issues raised in the letter are promises reportedly made by David Ellison and his father, Oracle billionaire Larry Ellison, that they would make “sweeping” changes at the news network CNN, which is owned by Warner Bros. Discovery.
The Ellison family acquired Paramount, which includes CBS and the storied Melrose Avenue film studio, last summer.
The letter cites changes implemented in CBS since their acquisition, including their decision to end late night television house Stephen Colbert’s show days after he characterized a settlement Paramount reached with Trump as a “big fat bribe.”
Under Ellison’s ownership, the letter says, numerous high-profile reporters have left the network and its ratings have dropped to “historic lows.”
Larry Ellison, who is backing the financing of Paramount’s proposed takeover of Warner, reportedly told White House officials that Paramount would “implement the CBS playbook” at CNN if the merger is approved, and remove anchors and commentators at the cable news network that Trump doesn’t like, according to the letter.
The effort comes just two weeks after Warner Bros. Discovery shareholders overwhelmingly approved the proposed merger. Investors have supported the Larry Ellison family takeover, which would become the biggest Hollywood merger in nearly a decade. The deal would pay Warner stockholders $31 per share — four times the stock price a year ago.
The letter was written on behalf of the Freedom of the Press Foundation, which develops secure communication tools for journalists and tracks violations of press freedom, and Reporters Without Borders, which tracks press freedom globally.
The organizations are being represented by former federal prosecutor Brendan Ballou, who established the Public Integrity Project this year to challenged alleged government corruption, as well as Delaware attorney Ronald Poliquin.
The missive, which could be a precursor to a lawsuit, opens another avenue of attack against the controversial $111-billion deal, which would transform the smaller Paramount into an industry titan.
With Warner Bros. Discovery, the Ellisons would also control HBO, TBS and the vast film and TV library of Warner Bros., which includes the Harry Potter, DC Comics, and Scooby-Doo, in addition to CNN.
Paramount, led 43-year-old David Ellison, wants to finalize its Warner Bros. takeover by the end of September. President Trump favors the deal; he has long agitated for changes at CNN.
But the proposed merger would saddle the combined company with $79 billion in debt, stoking fears that Paramount would be forced to make steep cost cuts to juggle such a large debt load.
Politicians, unions and progressive groups separately have pressed California Atty. Gen. Rob Bonta to scrutinize the proposed merger, hoping that he brings an antitrust lawsuit in an attempt to upend the deal.
More than 4,000 film industry workers, including Ben Stiller, Bryan Cranston, Ted Danson, J.J. Abrams, Jane Fonda and Kristen Stewart, have signed an open letter imploring Bonta and other regulators to block the merger. The group lamented the proposed tie-up, saying it “would reduce the number of major U.S. film studios to just four.”
Opponents fear the consolidation would lead to massive layoffs and diminish the quality of programming that Warner Bros., CNN and HBO are known for.
Hollywood has sustained thousands of layoffs over the last seven years since Walt Disney Co. swallowed Fox’s entertainment assets in another huge merger. In addition, the film production economy hasn’t recovered from shutdowns during the 2023 labor strikes. An estimated 42,000 entertainment industry jobs were lost from 2022 and 2024.
On Thursday, 34 California Democrats in Congress also sent a letter to Bonta, encouraging him to look closely at the merger.
The deal is expected to become one of the largest leveraged buyouts ever.
Ballou, who is working with the press freedom groups, previously served as a Justice Department special counsel with expertise in private equity transactions.
He resigned from the Justice Department in January 2025 when Trump returned to office. In his book, “Plunder: Private Equity’s Plan to Pillage America,” Ballou examined large leveraged buyouts and found that many of which resulted in bankruptcies.
May 8 (UPI) — President Donald Trump threatened to raise tariffs to “much higher levels” on the European Union if it doesn’t agree to a trade deal by July 4.
“I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can never have a Nuclear Weapon. We agreed that a regime that kills its own people cannot control a bomb that can kill millions. I’ve been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever! A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels,” the president said Thursday afternoon on Truth Social.
The threat came after The EU has struggled to agree on the terms of the Turnberry Accord, which was for the United States to lower tariffs on EU products and for the EU to remove tariffs on U.S. industrial goods and invest billions in U.S. industries, including energy.
Von Der Leyen said on X that the bloc is still committed to the deal.
“I had a very good call with @POTUS. We discussed the situation in the Middle East and our close coordination with regional partners. We are united that Iran must never possess a nuclear weapon. Recent events have clearly shown that the risks to regional stability and global security are too great.
“We also discussed the EU-U.S. trade deal. We remain fully committed, on both sides, to its implementation. Good progress is being made towards tariff reduction by early July.”
Last week, Trump threatened to raise tariffs on European autos to 25%. It’s unclear if his renewed threat is specifically for vehicles or if it encompasses all EU exports.
Complicating matters is that Trump’s current method of levying tariffs was blocked Thursday by the U.S. Court of International Trade.
In February, the U.S. Supreme Court struck down the administration’s tariffs issued under the International Emergency Economic Powers Act of 1977. Trump then added a 10% across-the-board tariff and then later upped it to 15%.
U.S. Trade Representative Jamieson Greer said in an interview with Politico Thursday that the EU is moving slowly.
“With the tariffs, they’ve at least started a process. They’re working it through,” Greer said. “It’s a pain. I understand it’s slow. We’re not patient. But there are other things where they haven’t even started a process.”
“We’re 95% compliant for nine months … and they’ve been 0% compliant during that time. What am I supposed to do?” he said.
Brighton chairman Tony Bloom said Hurzeler’s “principles and approach align with our values as a club” and the new deal “reflects our commitment to a shared long-term vision”.
“Since his appointment, Fabian has continued the progress the club has made in recent seasons with consistent on-pitch performances, and he has developed a clear playing identity,” he added.
“This season, he has built on the foundations laid during his first season in which he led us to an impressive eighth place.
“During his time as head coach the team has shown resilience, intensity and control. With three games to play we are pushing for a strong finish.”
Hurzeler became the youngest ever full-time manager of a Premier League team when he replaced current Tottenham boss Roberto de Zerbi, who left Brighton at the end of the 2023-24 season.
The club’s only campaign in continental competition was in the 2023-24 Europa League after De Zerbi led them to a sixth-placed top-flight finish.
That was the highest in Brighton‘s history and Hurzeler now has the chance to match that feat, with his side just two points behind Bournemouth in that position.
There is also an outside chance that finishing sixth could result in a Champions League spot for next season.
Brighton still have a mathematical chance of overtaking fifth-placed Aston Villa for a definite Champions League qualification place, but are eight points behind Unai Emery’s men.
Hurzeler came through the youth ranks at Bayern Munich but cut short his professional playing career at 23 to go into lower-level coaching.
He later became assistant coach at St Pauli in 2020 and took charge of the team in December 2022, before leading them to the Bundesliga 2 title in 2024.
Hurzeler had been linked with a return to Germany, with reports, external of interest from Bundesliga side Bayer Leverkusen.
da-kuk
Wall Street’s major market averages slip on Thursday following the previous session’s rally, as investors turn their focus toward any new developments surrounding a potential Middle East peace agreement.
The blue chip Dow (DJI) was -0.3%, the benchmark S&P 500 (