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| Greetings N2K reader! | This week’s world famous news haiku competition™ is about how cannabis stocks surged on Friday after reports that President Trump plans to ease federal restrictions by reclassifying marijuana from Schedule I to Schedule III. Send me your entry — to our spiffy new email address, haiku at cheddar dot com — by noon ET today for consideration by your Cheddar peers! | And now for something completely different! | —Matt Davis, Need2Know Chedditor | | News You Need2Know | | | What’s the stock market up to, eh? | $SPX ( ▼ 1.16% ) $DJI ( ▼ 0.47% ) $NDX ( ▼ 1.81% ) | | Companies mentioned in today’s newsletter | $WBD ( ▼ 2.39% ) $PSKY ( ▼ 5.42% ) $NFLX ( ▲ 0.23% ) $NVDA ( ▼ 3.82% ) $BRCM ( 0.0% ) $ORCL ( ▼ 5.4% ) $CRWV ( ▼ 7.12% ) $COP ( ▲ 4.62% ) $DVN ( ▲ 5.3% ) | | Warner Bros. says Ellisons ‘misled’ shareholders in takeover bid | | Warner Bros. Discovery $WBD ( ▼ 2.39% ) has urged shareholders to reject a hostile bid by Paramount $PSKY ( ▼ 5.42% ) , saying the CEO David Ellison and his billionaire father Larry Ellison have “consistently misled” them. | Paramount, led by CEO David Ellison and backed by his billionaire father Larry Ellison, made an all-cash bid of $108 billion, claiming it offers “superior value and a faster, more certain path to completion.” But Paramount’s financing strategy raised alarms at Warner Bros. Discovery, which questioned the reliability of a trust backing the bid. “A revocable trust is no replacement for a secured commitment by a controlling stockholder,” Warner Bros. wrote to shareholders. | Meanwhile, Warner Bros. Discovery has agreed to sell a portion of its business to Netflix $NFLX ( ▲ 0.23% ) in an $83 billion cash-and-stock deal. Netflix’s co-CEOs Ted Sarandos and Greg Peters described their offer as “the right deal, with the right partner, at the right time,” citing its “superior financing certainty.” | As Paramount considers raising its bid, analysts predict the outcome could hinge on regulatory approval, a process potentially influenced by politics. President Donald Trump has indicated support for the Ellisons’ bid and said he’ll play an active role in the decision. | | | Song of the Day: Ella Eyre, ‘Head In The Ground’ |  | Ella Eyre - Head In The Ground ft. Tiggs Da Author | Official Video |
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| This is a soulful, gospel-tinged groove showcasing Eyre's return to authentic R&B/soul. A "slap on the wrist" to herself for complacency, which paves the way for her independent, matured sound — just like this newsletter! | | Free yourself from advertising forever! | Now you can sign up for an optional ad-free version of Need2Know! Subscribe for just $5 a month, or $50 a year, and you can continue to enjoy this reasonably high-quality newsletter uninterrupted. Bonus: The immense satisfaction that comes from supporting journalism*! | *This counts as journalism, right? | | | ADVERTISEMENT | The Next Gold Rush | | Lithium demand’s fueling a modern-day gold rush. Essential for EVs, robots, and AI, Elon Musk said it best: “Do you like minting money? Well, the lithium business is for you.” Enter EnergyX. Their tech can recover up to 3X more lithium than traditional methods. They’ve secured a strategic investment from General Motors, raised $150M+, and earned a $5M DoE grant. Join 40k+ people as an EnergyX investor. | Invest in EnergyX Today | Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Nice News to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Nice News has been paid in cash and may receive additional compensation. Nice News and/or its affiliates do not currently hold securities of EnergyX. | This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/. | | |
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| | West Wing whiplash: Wiles’ rare candor rocks the White House |  | Susie Wiles: I would kill for hair like hers. |
| President Trump stood by White House Chief of Staff Susie Wiles following a controversial Vanity Fair |
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