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Director’s Guild reaches tentative deal with studios

The Director’s Guild of America has struck a tentative deal with the Alliance of Motion Picture and Television Producers, completing the negotiation cycle for Hollywood’s major unions.

SAG-AFTRA ratified its contract last week, the Writers Guild approved its deal back in April, and the DGA has similarly landed on a new contract, after nearly a month of negotiations. The latest deal with major film and TV studios was announced on Tuesday, but its terms have not yet been disclosed.

The Directors Guild, led by its president Christopher Nolan, reportedly entered negotiations in hopes of improving conditions to create new jobs, bulk up its health fund, and increase protections against generative AI.

“The tentative agreement will be presented to the DGA National Board for approval,” the DGA said in a statement. “Consistent with the Guild’s longstanding practice, terms of the agreement will not be released publicly until the National Board has completed its review.”

Negotiations started on May 11, and the current contract is set to expire on June 30. Once the DGA National Board approves the new contract, it will be sent to its members for a ratification vote. The union represents nearly 20,000 helmers, assistant directors, associate directors, unit production managers and stage managers.

The studios said they were pleased to have reached this latest tentative agreement with DGA.

“We appreciate the hard work and commitment of our guild partners in achieving a fair deal that helps advance a stable and successful entertainment industry,” AMPTP said in a statement.

The DGA’s tentative contract marks the last few steps of the current Hollywood union negotiation cycle. The previous one in 2023 was marked by the industry-stopping strikes from SAG-AFTRA and WGA, and the industry is still feeling the impact from them. But this year’s bargaining season was much quieter and uncontroversial. SAG-AFTRA and WGA will reconvene with the studios for bargaining in 2030, as they all signed four-year contracts.

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World’s longest flight lasting 22 hours non-stop reaches huge milestone

A flight on the A350-1000ULR, developed for ultra-long-haul routes, is set to enable non-stop services between Sydney and major cities, including London and New York

A plane offering a non-stop flight tipped to be the world’s longest and spanning up to a whopping 22 hours has reached a massive milestone. Yesterday (Tuesday, June 2), Airbus completed the first test flight of its A350-1000ULR, developed for ultra-long-haul routes and aimed at setting a new record for the longest non-stop commercial flight.

It will enable non-stop services between Sydney, Australia, and major cities London and New York. On its maiden flight, the MSN 707 model aircraft flew for three hours and 43 minutes.

Flown by an Airbus test crew and fitted with specialised instrumentation, the aircraft departed from and returned to Toulouse, France, reaching an altitude of more than 41,000 feet (12,500 metres).

It marks a turning point for the world of long-haul travel, with the plane making these non-stop routes possible for the first time and potentially cutting journey times by up to four hours.

At present, the longest commercial flight in use is Singapore Airlines’ more than 18-hour Singapore to New York, a distance of some 15,350 km; on the other hand, however, Sydney to London would be 18,500km.

The “ULR” in A350-1000ULR — a variant of the A350-1000 — stands for “ultra-long range”. A key difference is an extra tank capable of holding 20,000 litres of fuel, which Airbus says extends the range by more than 1,800km.

It stated: “During the first flight, the crew carried out general performance checks on the aircraft and tested the new fuel system architecture. This marks the start of a two-month flight test campaign to certify the modifications.”

Further tests will cover things like ventilation and temperature control in the cabin, and a refrigeration system. Aussie airline Qantas has ordered the first 12 units, the first of which is scheduled to arrive in April 2027.

Qantas’ plans form part of its so-called “Sunrise Project”, a name that refers to the fact that those flying on the lengthiest flights can see the sun rise twice as a result of the time difference.

Some of the features of the Qantas flight will be reduced passenger numbers (about 300 down to 238), a wellness area, and Wi-Fi access.

It comes after a flight attendant weighed in on passengers who ask to swap seats on planes. The individual, who goes by Ms Attendant Tea on TikTok, didn’t mince her words in her assessment.

She said: “What is the problem with that? Now, if you wanted to change a seat, you could have done so when you booked the flight. I don’t know, there are some sites of where you get the tickets from, it is an extra fee for you to select your seats, but you could have done that when you booked the flight.

“You may have had to pay a little extra, but you could have done that. Or, once you were assigned a seat, you could have taken care of that at the gate.

“Now, let me say something. When you get to me on the plane, every weight has been accounted for. All the calculations have been done, and everything else so, yes, where you are sitting is calculated in our weight and balance, which is an issue.

“So, when you get on a plane and ask me ‘can I sit here because I see [an] empty seat?’, and I say ‘no’. What is the problem?”

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Electromed outlines plan to add 4-5 sales reps next year as Smart Order adoption reaches 40% of orders (NYSE:ELMD)

Earnings Call Insights: Electromed, Inc. (ELMD) Q3 fiscal 2026

Management View

  • CEO James Cunniff framed Q3 as another milestone, saying, “Q3 marks our 14th consecutive quarter of year-over-year revenue and profit growth” (President, CEO & Director James Cunniff). He added, “We delivered revenue of $18.6 million, representing 18.4% growth compared to

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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Writers Guild staff union reaches agreement with management

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.

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Musk reaches $1.5M settlement with SEC over 2022 Twitter buyout

Elon Musk, pictured in the Oval Office at the White House in May 2025, on Monday settled a lawsuit filed by the SEC over his purchase of Twitter in 2022, which will see him pay a $1.5 million fine while admitting no wrongdoing. File photo by Francis Chung/UPI | License Photo

May 4 (UPI) — Elon Musk on Monday settled a lawsuit filed against him by the Securities and Exchange Commission for $1.5 million after the agency accused him of breaking securities laws.

The SEC alleged in January 2025 that Musk cost Twitter shareholders $150 million because he delayed disclosing his purchase of more than 5% of shares in the company within the 10 days required by law.

Musk’s purchase of Twitter led to a series of lawsuits because of how he purchased the company, which has since been renamed to X, which saw him become its biggest shareholder before he launched a successful hostile takeover, The Washington Post reported.

In the settlement, which still needs to be approved by a judge, would see Musk pay a $1.5 million penalty while allowing him to admit no wrongdoing, CNBC reported.

“A trust vehicle has agreed to a small fine for being late on one filing,” Musk attorney Alex Spiro said of the agreement, which will see one of his client’s revocable trusts paying the fine.

Musk made a play to buy Twitter in 2022, first buy purchasing more than 5% of the company, which he did not disclose and was the reason the SEC filed suit, which allowed him to put other investors in a poor position before he launched his takeover.

President Donald Trump signs a series of executive orders in the Oval Office of the White House on Thursday. Trump signed an order to expand workers’ access to retirement accounts. Trump also signed legislation ending a 75-day partial shutdown of the Department of Homeland Security after the House voted in favor of funding. Photo by Aaron Schwartz/UPI | License Photo

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SAG-AFTRA reaches a tentative deal with the studios

SAG-AFTRA and the Alliance of Motion Picture and Television Producers have landed on a new tentative contract.

The actors union’s new agreement with the trade group that negotiates with Hollywood unions on behalf of the major studios will reportedly improve AI protections and boost the guild’s pension fund. Similar to the pact the Writers Guild reached with the studios last month, SAG-AFTRA’s contract will last four years instead of the usual three.

SAG-AFTRA confirmed the tentative deal on Saturday. The union said in a statement that “specific details will not be released” until the SAG-AFTRA National Board reviews its terms.

The contract is set to cover workers who are involved in motion pictures, scripted primetime dramatic television, streaming content and new media.

The actors union began negotiations with the studios in February and extended those talks in March, but paused to allow the AMPTP to finish negotiations with the writers union. Negotiations resumed April 27 and ended May 2.

The tentative contract still needs to be voted on by its members — SAG-AFTRA represents more than 160,000 actors, broadcast journalists, dancers, DJs, stunt performers, voice-over artists and other entertainment professionals.

The union’s current contract is set to expire June 30. SAG-AFTRA joins WGA as the latest Hollywood union to strike a deal with the studios.

The Directors Guild of America is the last union that still needs to reach an agreement with the studios. Negotiation sessions with AMPTP will begin on May 11, as its contract is set to expire on June 30.

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Jannik Sinner reaches Madrid Open final with win over Arthur Fils

World number one Jannik Sinner remains on course for a record fifth consecutive Masters 1,000 title after reaching the Madrid Open final with a straight-set win over Arthur Fils.

The Italian won his 22nd successive match to reach Sunday’s final, where he will face either second seed Alexander Zverev or unseeded Belgian Alexander Blockx.

Sinner, 24, has won the opening three ATP 1,000 events of the season – in Indian Wells, Miami and Monte Carlo – and also triumphed in Paris late last year.

The four-time Grand Slam winner broke twice to take the first set 6-2 against 21st seed Fils, who won the clay-court Barcelona Open two weeks ago.

Fils, 21, was 3-2 up in the second set having saved two break points, but Sinner finally broke to move 5-4 ahead and served out the match to progress 6-2 6-4.

Zverev and Blockx play their semi-final later on Friday.

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US gas reaches $4.30 per gallon; Trump says prices will drop after Iran war | US-Israel war on Iran News

Price of petrol in US jumps by nearly 30 cents in one week amid Strait of Hormuz blockade and Iran diplomatic deadlock.

The average price of one gallon (3.8 litres) of gasoline in the United States has reached $4.30, according to the American Automobile Association (AAA), up from less than $3 before the February 28 start of the US-Israel war on Iran.

Thursday’s prices come as US President Donald Trump insists that time is on his side in the standoff with Iran, even as he refuses Tehran’s offers of a preliminary deal to reopen the Strait of Hormuz.

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According to AAA, prices for gas or petrol went up by 27 cents over the past week amid the deepening impasse, with Iran blocking the strait and the US imposing a naval siege on Iranian ports.

“The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen,” AAA said in a brief report on Thursday.

“Gas prices are the highest they’ve been in four years, since late July 2022.”

California, home to nearly 40 million people, saw petrol prices hit more than $6 per gallon on Thursday.

The spike in energy prices has been fuelling inflation and economic uncertainty, adding to Trump’s political woes.

The US president’s approval rating is hitting record lows amid growing discontent with the conflict with Iran, recent public opinion polls show.

Since the start of the war, Trump and his allies have been trying to frame the hike in petrol prices as a temporary price worth paying to achieve the aims of the military campaign.

The US president reiterated that argument on Thursday when asked about the latest price increase.

“And you know what? And we’re not going to have a nuclear weapon in the hands of Iran,” the US president told reporters.

“The gas will go down. As soon as the war is over, it’ll drop like a rock.”

However, oil prices do not drop automatically after hostilities stop. Despite the ceasefire reached on April 8, the cost of gas in the US has continued to climb.

Iran denies seeking a nuclear weapon.

Although the US is one of the largest oil producers and is not heavily reliant on energy products from the Middle East, global prices affect what Americans pay at the pump.

On Thursday, Trump stressed that Iran is all but vanquished militarily and economically – a claim he has been repeating since the early days of the conflict.

“Iran is dying to make a deal,” he said, calling the naval blockade against the country “incredible”.

Tehran has projected defiance, refusing to hold direct talks with the US until the siege is lifted, even after Trump announced last week that he was dispatching his top envoys to Pakistan to negotiate with Iranian officials.

Earlier on Thursday, Iranian President Masoud Pezeshkian suggested that Iran is running out of patience with the current situation of no war and no peace amid the US siege.

“The world has witnessed Iran’s tolerance and conciliation. What is being done under the guise of a naval blockade is an extension of military operations against a nation paying the price for its resistance and independence,” Pezeshkian said in a social media post.

“Continuation of this oppressive approach is intolerable.”

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