Welcome back to The Daily Courant, your afternoon assortment of Puck’s best new reporting. Today, we lead with Dylan Byers’s exclusive reporting on a series of secret Oval Office confabs between Larry Ellison and Donald Trump. While only two men know what was actually discussed, the fate of TikTok, the Stargate A.I. initiative, and the Skydance-Paramount merger are all top of mind for the Oracle billionaire. Dylan digs into the likely agenda items, and whether Ellison’s influence is moving the needle on the Paramount sale… Plus, below the fold: Bill Cohan explains why Wall Street barely flinched at the airstrikes in Iran—but can’t stop sweating over the next occupant of City Hall. Leigh Ann Caldwell chats with Sen. Tim Kaine about the Democrats’ battle against the president’s unilateral use of war powers. And Rachel Strugatz chronicles the sudden departure of Glossier C.E.O. Kyle Leahy—and what the leadership shuffle means for the Millennial beauty brand’s stalled fundraising process. But wait, there’s more! Exclusively for Inner Circle members, Marion Maneker pinpoints why die-hard collectors stayed away from this year’s Art Basel. Matt Belloni rings up media analyst Steven Cahall on The Town to dissect Netflix’s possible foray into shortform content. And on The Powers That Be, Julia Alexander and Kim Masters break down the latest developments in the CBS-Trump legal saga—and what they portend for 60 Minutes.

MEDIA

While the media world’s eyes are trained on the CBS–Trump settlement negotiations, and its impact on the Ellison family’s tortured acquisition of Paramount, Larry himself has his eyes on a bigger prize at 1600 Pennsylvania Avenue: TikTok and Stargate. Read Now

WALL STREET

In an informal survey of the lords of high finance, executives praised Trump’s strike on Iran, admitted to getting a little verklempt over Israel, and said they won’t worry about the market until there are American boots on the ground. It’s the New York mayor’s race that keeps them up at night. Read Now

WASHINGTON

As Dems struggle to unify on whether Trump should have attacked Iran, they’re lining up to criticize how he did it—without congressional approval or input. Senator Tim Kaine discusses his latest resolution to claw back congressional war powers, and why he feels it’s more important than ever. Read Now

FASHION

The sudden departure of C.E.O. Kyle Leahy is merely the latest setback for the decade-old millennial beauty brand, which is struggling to raise fresh capital at even half the valuation it achieved in 2021. “Everyone is balking at the price,” said a person with knowledge of the situation. And the private equity vultures are beginning to circle. Read Now

ART

The thrill is gone at what used to be one of the art market’s most storied and exclusive gatherings, as die-hard collectors stay away, preferring to conduct business in private. Read Now

HOLLYWOOD

Matt is joined by Wells Fargo media analyst Steven Cahall to talk about the wisdom of Netflix going after YouTube content creators, the streamer’s possible venture into shortform content, and the effects on Hollywood if this were to happen. They discuss how much (if at all) YouTube would hurt if Netflix took its top creators, the appeal for creators to make that jump, the different types of content that would be produced, and reasons why Netflix hasn’t already done this. Listen Now

HOLLYWOOD

Kim Masters joins guest host extraordinaire Julia Alexander to unravel the latest twists in the ever-expanding CBS–Trump legal saga: a new mediator proposal, the Paramount-Skydance merger hanging in the balance, and the uncertain fate of 60 Minutes on the other side of a potential settlement. Then they weigh whether Apple’s long-awaited F1 movie could be a defining moment—or a costly misfire—for the tech giant’s film ambitions. Listen Now

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