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Oct. 9, 2026 11:08 AM PT

David Zaslav, the longtime TV executive who created Warner Bros. Discovery Inc. but ultimately failed to keep it going as an independent company, made about $600 million on the sale of the business to Paramount Skydance Corp. this week.

Much of Zaslav’s compensation came in the form of stock options. Warner Bros. stockholders received $31 a share in cash in the sale, a nearly 25% increase from when the stock first began trading in April of 2022. The Standard & Poor’s 500 rose 76% over that period.

Many other Warner executives received large paydays, including streaming boss JB Perrette and strategy chief Bruce Campbell. A spokesperson said Zaslav doubled the number of employees overall who received stock awards.

The new company, now called Skydance Corp. and led by technology scion David Ellison, is one of the largest media businesses in the world, comprising the century-old Paramount and Warner Bros. movie studios, dozens of TV networks, like CBS and CNN, as well as the Paramount+ and HBO Max streaming services.

Christopher Palmeri and Dylan Sloan report for Bloomberg.

Caracas, September 30, 2026 (venezuelanalysis.com) – Venezuelan Minister of Electric Energy Rolando Alcalá announced a plan to add 1,300 megawatts (MW) to the country’s electric grid amid growing protests against recurring blackouts. 

In a televised message published on Tuesday, Alcalá pledged that the electricity supply would improve in the final quarter of 2026 to mitigate outages. He explained that a unit at Planta Centro, Venezuela’s main generation complex serving the central-western region, will come online “in the coming days” and provide 600 MW to the area.

The official also announced that seven generation units with a combined capacity of 500 MW will be added to a key thermoelectric plant in Zulia state, which borders Colombia and is one of the areas hardest hit by power failures. 

The government is also reportedly working on an alternative energy plan for the state, including the Machango solar panel park, which is expected to come online next year.

The remainder of the planned generation will come from units located in other regions of the country. 

“Other units will be brought online nationwide, for a total of 1,300 megawatts during this final quarter of 2026. These will help achieve greater stability, continuity, and fewer interruptions in electricity service nationwide,” Alcalá said in a video shared by Acting President Delcy Rodríguez on social media.

“We have a clear plan to face the challenges of the National Electric System and we are executing it,” she wrote on X. “With organization, coordination, and effort we move forward to overcome this situation.”

Meanwhile, the president of the National Electric Corporation (CORPOELEC), Juan Fernández, explained that “as a complement to the thermal generation plan, major transmission projects are being carried out.” He highlighted the expansion of the Planta Centro substation with the addition of a new 400-230 kV autotransformer, equipment that recently arrived from abroad.

“This year, we have gained access to original spare parts and components from the world’s leading manufacturers,” he added, referencing agreements with US-based GE Vernova, Germany’s Siemens, and Argentina’s Impsa. The US Treasury Department has issued sanctions waivers allowing transactions with Venezuela’s electricity sector.

The latest announcements came amid near-daily protests over power outages throughout the country. Demonstrators have taken to the streets to bang pots and pans or block streets to demand that authorities answer for blackouts that can add up to 16 hours per day.

On Wednesday night, protesters from Guacara, Carabobo State, temporarily blocked the Central-Regional Highway, the main highway connecting Caracas to Western regions, after electricity was shut off for a second time in the same day. 

In statements to local press, demonstrators have highlighted that high temperatures and mosquitoes make it hard to sleep without ventilators or air conditioning, leading children to fall asleep in school. They have also criticized authorities for not producing a rationing schedule, making it impossible for families and businesses to plan around outages.

In their Tuesday televised message, Venezuelan government officials stated that the country’s electricity demand has risen in recent weeks, driven by a “rebound in economic activity,” high temperatures caused by the El Niño climate phenomenon, and the twin June 24 earthquakes which “delayed plans that had been underway to repair the electrical system.”

On September 22, the Ministry of Electric Energy reported that electricity demand in Venezuela had reached a record high of 16,424 megawatts (MW), the highest level recorded in the past nine years.

Venezuela has a nominal installed generation capacity of approximately 35,000 megawatts (MW), twice the country’s peak demand. However, actual stable generation currently stands at just 12,000 MW due to a deep structural crisis resulting from US sanctions that prevented the purchase of spare parts, as well as issues of underinvestment, lack of maintenance, and corruption.

Nevertheless, authorities claimed that a proposed reform of the Organic Law of the National Electricity System and Service will allow “the integration of the public and private sectors in electricity generation, transmission, distribution, and commercialization,” with the aim of “promoting competitiveness, and attracting investment to strengthen electrical infrastructure.”

The new law was preliminarily approved by the National Assembly in June, with a second discussion and final approval yet to be scheduled.

The previous legislation, enacted in 2010 under President Hugo Chávez, exclusively reserved all activities across the electricity supply chain for the state, centralized through the state-owned CORPOELEC. The reform authorizes strategic partnerships and concession agreements with domestic and international private companies.

In defending the new law, Venezuelan officials have defended the adjustment of electricity tariffs to reflect “real costs” and secure returns for investors.

Edited by Ricardo Vaz in Caracas.

SACRAMENTO — Gov. Gavin Newsom on Saturday signed legislation to increase security for the state’s voting systems and protect Californians’ ability to cast ballots in an effort to guard against potential interference in the Nov. 3 election, including by the Trump administration.

Newsom pointed to the Trump administration’s recent effort to restrict mail-in voting through the U.S. Postal Service, which was struck down by the U.S. Supreme Court, and the presence of federal monitors at California polls last year as evidence that Trump “will continue his efforts to interfere with the November election.”

“Donald Trump won’t stop until he can exert dictatorial control over your free vote and disenfranchise millions of people this November. California will stop him at every opportunity,” Newsom said in a statement.”We have no bigger task than fighting to protect the right to vote from interference and meddling — the future of democracy is on the line. These bills today build upon the wall California has built to safeguard our electoral process.”

The governor signed the package of bills at the Japanese American National Museum in Little Tokyo, where a year earlier federal agents gathered outside a political rally he was hosting. Then Border Patrol Sector Chief Gregory Bovino, who had been leading the immigration operations in California, was among those outside the event, joined by agents in helmets, camouflage, masks and holding guns. Newsom described their presence as political intimidation.

One bill Newsom signed Saturday cites efforts to “weaponize law enforcement authority for political purposes,” including Republican “Sheriff Chad Bianco’s seizure of ballots in Riverside County,” and the election monitors sent by the U.S. Justice Department to polling sites in five counties during a 2025 special election on redistricting.

Such moves “have given rise to unprecedented concerns about law enforcement interference” in elections and “[demonstrate] that these threats are not merely hypothetical,” the bill by Sen. Tom Umberg (D-Santa Ana) reads.

The law, Senate Bill 884, which takes effect immediately, requires counties to open ballot drop-off locations 30 days before an election — two days earlier than usual — and allows counties to ban electioneering, or trying to influence voters’ decisions, within up to 200 feet of polling sites. It also bans police from making arrests near voting locations except for crimes against people, property, or disrupting the voting process.

Bianco, a GOP candidate for governor who placed fourth in the primary, drew swift condemnation and legal challenges this spring after he ordered deputies to seize more than 650,000 ballots from the Riverside County elections office. Voting rights groups and Atty. Gen. Rob Bonta challenged the move, which is being decided by the California Supreme Court.

Bianco carted off truckloads of ballots from the Riverside County Registrar of Voters in February after securing a warrant based on claims that the office allowed fraudulent votes in the special election to redraw California’s congressional districts under Proposition 50 in 2025.

Earlier this year, Newsom signed a bill preventing local and federal law enforcement agencies from taking ballots without a warrant.

On Saturday the Democratic governor signed a bill making it a felony to seize or order the seizure of ballots, election records or voting machines. Future seizures could be punishable by up to four years in prison.

“The federal administration and those seeking to spread lies about our democracy continue to call for interference in elections in ways we have never seen before in this country,” Assemblymember Gail Pellerin (D-Santa Cruz), the bill’s author and a former longtime county elections chief, said last month. “AB 282 helps ensure that every lawfully cast vote can be counted, and that the will of the voters of every political party will be respected.”

Republican lawmakers argued in previous hearings that the bill is unnecessary because it is already a crime to steal ballots.

Another bill, Senate Bill 259, makes it a crime to interfere with a mail ballot on the way to or from a voter or order the seizure of ballots that are in transit to a local elections office.

Newsom signed Assembly Bill 1664, which requires elections officials to immediately notify the attorney general and secretary of state immediately upon learning of any warrants, subpoenas or law enforcement investigations involving election records or voting equipment.

Newsom also signed bills to boost protections under the California Voting Rights Act, including an explicit ban on voter suppression and expanded access to election materials in languages other than English.

The governor also signed legislation to require more transparency from social media influencers who are paid by political campaigns. The measure, Assembly Bill 1130, came in the wake of a controversy in the June primary election when social media influencers took on a more visible role in the campaigns.

Candidates including Democratic billionaire Tom Steyer paid thousands of dollars to influencers who posted videos endorsing Steyer or talking about him in a positive light. These videos did not always disclose that influencers were paid by a candidate’s campaign.

Prices spiked as attacks on oil tankers escalated in the Middle East.

Oil prices have increased by four percent, with benchmark Brent crude hitting $105 a barrel after the biggest rise in attacks on shipping since the Iran war began spurred trader concerns about further supply disruptions.

Brent crude futures were up $4.05, or four percent, at $105.26 a barrel by 1215 GMT on Thursday. United States oil topped $100 a barrel for the first time since May, as West Texas Intermediate crude futures CLc1 rose $3.99, or 4.15 percent, to $100.04.

Brent prices have surged by more than 30 percent from lows touched in early August, as a permanent agreement between the US and Iran to cease attacks never materialised and fighting resumed.

Iran-aligned Houthis seized control of Yemen’s port of Mocha on Thursday, further threatening Red Sea traffic, while Gulf traffic remains restricted through the Strait of Hormuz as tanker attacks in the region have intensified in recent days.

“The recent run-up in prices lays bare the market’s approach: this conflict will last longer than anticipated even a month ago, let alone at the beginning of the summer. If oil supply and exports are diminished, the oil balance remains tight and prices remain elevated,” PVM analyst John Evans said.

Iran said it had attacked 10 ships near the Strait of Hormuz on Wednesday, after the US hit five Iranian oil tankers. Iran’s Islamic Revolutionary Guard Corps said it would escalate its response to any further attacks.

While fears of prolonged and more severe supply disruptions in the Gulf have lifted Brent above $100, analysts say the durability of the rally will hinge on China.

Chinese demand

China, the world’s largest crude importer, has stepped up purchases in recent weeks after months of subdued demand, boosting physical crude markets, ING analysts said in a note.

If Chinese buying continues to recover, it could amplify the impact of any supply disruptions and drive prices higher, while a pullback in imports could temper market gains, ING said.

“For months, the bearish case rested on soft Chinese demand,” said David Jorbenaze, global oil market lead at commodities information provider, ICIS.

Rising oil prices have worsened worries about inflation and cranked up pressure within the bond market, helping to lower stocks again on Wall Street.

The S&P 500 fell 0.6 percent and is on track for a fourth straight loss.

The increase in oil prices has pushed the price for a gallon of regular petrol to an average of nearly $4.28 across the US, according to the American Automobile Association. That is not only costing more at the pump but also through higher prices for all kinds of products that move by truck to store shelves.

Following Thursday’s reports, traders are betting on a close to 70 percent chance the Fed will raise the federal funds rate at its meeting next week. That’s up from the 61 percent probability seen the day before, according to data from CME Group. That’s also despite President Donald Trump’s consistent lobbying for interest rates to go lower rather than higher.