Paramount completes $111B Warner deal, Trump warns Iran, Fed deficit 2T

Brief'd · Oct 24, 2026 · 7m

Paramount closed its $111 billion acquisition of Warner Bros. Discovery, creating a media giant that controls major studios, streaming services, and broadcast networks under one roof. President Trump reversed course and warned a military operation against Iran may follow, citing threats to Gulf internet cables as Tehran demands a nuclear deal. The Treasury also reported a nearly $2 trillion federal deficit for fiscal 2026.