Business
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Newsom Says California ‘Will Not Sit Idly By’ Amid Trump’s Tariff War, Looks to Expand Trade
“Donald Trump’s tariffs do not represent all Americans … our state of mind is around supporting stable trading relationships around the globe,” the governor says
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Trump Tariffs Rock Wall Street Again as Apple Sheds $500 Billion in 2 Days
The S&P 500 suffers its worst day since COVID smacked the market in March 2020
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JPMorgan Raises Global Recession Odds to 60% on Trump Tariff Uncertainty
“These policies, if sustained, would likely push the U.S. and possibly global economy into recession this year,” economist Bruce Kasman says
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What Trump’s Tariffs Mean for Hollywood as New Recession Looms | Analysis
Experts say financial pain will come through a broader blow to the economy, from higher production costs to fewer ad dollars to pinched consumers avoiding theaters
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Business
Available to WrapPRO members
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Ari Melber Says Trump’s Report Card From Wall Street ‘Is Whatever Comes Below an F’ | Video
“This is Donald Trump’s choice. We are living in Donald Trump’s America,” the MSNBC host says
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TCA Board Blames Hollywood Layoffs, Contraction and Diminished Production for Canceled Summer Tour
The press organization also notes it’s open to exploring virtual options
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LA Soundstage Occupancy Fell to Record Low 63% in 2024 as FilmLA Sounds Alarm on Need for Incentives
Though Hollywood has more stage infrastructure than its competitors, the city is losing out over lesser tax incentives
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US Stocks See Worst Sell-Off Since 2020 on Trump Tariff Uncertainty
The Dow fell over 1,600 points, while the Nasdaq dropped more than 1,000 points and the S&P 500 dropped more than 200 points
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Can Newsmax Jumpstart the Sleepy Media IPO Market?
Most media companies lack the passionate following of the “MAGA fanboys” who jumped at the chance to buy Newsmax shares, one analyst tells TheWrap
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Cinemark CEO Sean Gamble’s 2024 Pay Rises 11.6% to $9.82 Million
Shares of the movie theater chain have climbed 34.5% in the past year, but are down 19.9% year to date and 9.4% in the past six months
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Disney to Leave Fox Studio Lot by End of 2025, Moving Teams to Burbank
The company plans to form a creative hub to bring its production teams together
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Television Critics Association Cancels Summer Press Tour After Networks Bow Out
“The systems that once supported tour, in Hollywood and journalism, have changed,” the organization shares in an email to members
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Trump Trust Would Make $2.2 Billion After Truth Social Files to Sell Shares
The SEC filing comes as conservative media outlet Newsmax has seen its share price surge
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News Corp. Closes $2.1 Billion Foxtel Sale to DAZN Group
The Dow Jones and Wall Street Journal owner will take a 6% stake in the U.K.-based sports streamer as part of the deal
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Casey Wasserman Bucks the M&A Lull, Notching 6 Deals in the Past 19 Months
The CEO of his namesake sports marketing and talent group has quietly rolled up companies in a sports sector that remains red hot and gives his growing empire more strategic edge
