After a contentious meeting with the new boss, longtime 60 Minutes correspondent Scott Pelley was fired by CBS News on Tuesday. It’s the latest example of rancor at the network since Bari Weiss took over its news division late last year.

Here’s the ticktock of how it went down:

• Weiss installed Nick Bilton, a tech journalist and filmmaker who has the same amount of broadcast news experience as you (probably), as the show’s executive producer last week.
• Pelley reportedly accused Weiss of “murdering” the show during Bilton’s first staff meeting on Monday and later released a statement saying Bilton’s hiring was an attempt to “curry a moment of favor” with the Trump administration.

The public clash between Pelley and Bilton follows accusations of politically motivated meddling lobbed at Weiss after she delayed a 60 Minutes segment on Venezuelans being deported to prison in El Salvador last year.

After Weiss told CBS News staff she looked for a “way back” following a meeting with Pelley, the jettisoned anchor released a statement describing Bilton, Weiss, and other executives he met with as “openly hostile.”

On background: Pelley’s ouster, along with several other recent high-profile terminations and departures from 60 Minutes, comes as CBS parent company Paramount Skydance and Warner Bros Discovery finalize a $110 billion merger that will need FCC approval.

If this sounds familiar….

…that’s understandable. Last year’s Paramount–Skydance merger was only OK’d by the FCC after CBS settled a lawsuit by President Trump against 60 Minutes, which was seen by some critics as a way of placating Trump. Not long after, Trump ally and Paramount Skydance CEO David Ellison hired Weiss.

What’s next? The attention turns to Lesley Stahl and Bill Whitaker, who have been with CBS News since 1971 and 1984, respectively, and are the last remaining stalwarts from 60 Minutes. “I think they feel like if they leave, there’s nothing left of 60,” one insider told Variety.—DL

Trump administration takes another big tariff swing. The US is proposing new tariffs on 60 trading partners, citing forced labor practices, as the Trump administration looks to restore import taxes through more regular bureaucratic processes after the Supreme Court struck down the nearly universal tariffs the president had unilaterally imposed. The US Trade Representative is proposing a 10% duty on goods from countries that prohibit forced labor—including the UK, Mexico, Canada, and the EU—and 12.5% for all other economies, including major trading partners like China, India, Japan, and Switzerland. Several of the countries that would be subject to the duties criticized the move, and the tariffs are subject to a public comment and review period before they can be implemented.—AR

House approves war powers resolution in rebuke of Iran strategy. The chamber held a roll call vote yesterday on the measure, which would force a stop to the war in Iran if President Trump did not receive congressional approval for it. It passed by a vote of 215–208, with four Republicans joining Democrats to bring it across the line. It’s considered largely symbolic, as the path for its advancement remains unclear. It was the House’s fourth attempt to curb the Iran war, with “yea” votes increasing successively. Republican leaders have decried the resolution as only serving to weaken Trump’s hand with Iranian negotiators.—HVL

It’s bad out there for bitcoin. The hodlers in your life might need you to hold them, as the cryptocurrency has been selling off recently. Even long-term crypto holders are getting spooked and selling, with such sellers having shed $2.4 billion worth of the crypto over two days this week, per an analyst at Compass Point. The token is down compared to the stock market by its biggest gap since 2019, CNBC reported. Meanwhile, other parts of the crypto universe are soaring, like the HYPE token, which is linked to the crypto exchange Hyperliquid. It has risen ~180% this year, according to CoinGecko data cited by Bloomberg.—AR

Meta and Google are in a very “who wants to give us more money?” era. Both companies announced new methods of fundraising and monetization yesterday in an effort to foot the ever-growing bill for their AI spending plans.

Google will sell more stock:

• Parent company Alphabet increased its recently announced stock sale from $80 billion worth of shares to nearly $85 billion.
• Even at the original amount, this was already set to be the world’s largest equity raise ever.

Meta will sell an AI agent to businesses for the first time:

• The bot is designed to chat with customers via WhatsApp, Messenger, and Instagram. Eventually, it’s also intended for higher-level tasks, like market research and product insights, Meta said.
• It’ll be included with a subscription to one of Meta One’s business-focused tiers. Big businesses that use Meta’s WhatsApp Business Platform will be charged for the new AI agent on a usage basis.

Zoom out: Big Tech is sparing no expense to build out AI infrastructure. In April, both Google and Meta raised their capital expenditure forecasts for the year—Google from top levels of $185 billion to $190 billion, and Meta from top levels of $135 billion to $145 billion. But despite Big Tech’s gargantuan AI capex, data center construction is currently behind schedule, the Wall Street Journal reported yesterday.—ML

Those “are these hot dogs or legs?” photos are set to have a huge comeback, as interest in all-inclusive resorts is booming for this summer. Historically popular with budget travelers, the all-inclusive vacation is now appealing to higher-income travelers and families looking for luxury at a fixed cost without surprises.

Whether it’s wanting a break from being subject to how inflation has jacked up the cost of a strawberry daiquiri, or simply the joy of not having to plan four kid-friendly dinner outings, travelers are increasingly booking the worry-free getaways. Hotels.com said that searches for all-inclusive resorts from the start of this year through June 1 jumped 70% compared to last year. And hotel chains are taking note:

• Hyatt’s reported revenue from its all-inclusive portfolio in the Americas grew 8.6% last year, and occupancy for these resorts was at 84% for the first three months of this year.
• Marriott said it would double its footprint in the Caribbean and Latin America to nearly 1,000 properties by 2030. At least 13 of those are unique, luxury, all-inclusive resorts.
• Some all-inclusives now cater to high-income vacationers with amenities like private butlers, Bloomberg noted.

Once people get there, they usually want to return. According to a recent study commissioned by Hyatt Inclusive Collection for Skift, 84% of people who have stayed at an all-inclusive resort were repeat visitors, while 45% of travelers said they had stayed at an all-inclusive spot at least four times.—MM

The Dubai Chocolate craze may be over, but you will never be safe from the words “viral dessert.” The new one that has influencers in a vice grip is called a “dot cake.” It’s simply cake in a cup with frosting that’s covered in tiny spherical rainbow sprinkles.

The dessert was originally made by a Long Island bakery that only sells them there, online (for pickup), and at one gourmet grocery store’s two locations on New York City’s Upper East Side, where lines wrap around the block and the cakes often sell out within an hour, despite them tasting “unspeakably