Israeli soldiers near the border of Gaza.
Amir Levy/Getty Images
Israeli security cabinet approved military takeover of Gaza City. Early Friday morning, following a 10-hour meeting, Israeli Prime Minister Benjamin Netanyahu’s office released a statement announcing that a majority of his security cabinet backed his proposal to take over Gaza City. Until this point, Israel has controlled about 75% of the Gaza Strip in its war against Hamas, but the Israel Defense Forces largely avoided ground strikes in Gaza City because it believes that is where Hamas is holding the 20 surviving Israeli hostages. Hamas has previously threatened to execute the captives rather than see them rescued. Families of the hostages have protested against military expansion in Gaza. The statement from the PM’s office said that most security cabinet ministers rejected an alternative plan put forward by the military because they believed it “would neither achieve the defeat of Hamas nor the return of the hostages.”
Trump will nominate Stephen Miran to fill Fed vacancy. On Truth Social, the president said Miran, the current chairman of the Council of Economic Advisors, would serve in the seat on the Federal Reserve Board of Governors vacated by Adriana Kugler, until the term expires on January 31, 2026. Trump wrote, “In the meantime, we will continue to search for a permanent replacement,” suggesting that Miran was not a shoo-in for a full 14-year term on the board beyond this caretaking period. Miran has been a critic of Fed Chair Jerome Powell. The selection may raise concerns about political influence over the Federal Reserve, which has typically operated with independence in the modern era. Miran will require Senate confirmation to assume the role, which is not expected before September.
Paramount and Skydance finalized their merger. Out with the Redstones, in with the Ellisons. With the deal done early yesterday morning, Shari Redstone, formerly Paramount’s controlling shareholder, walked away from the company her father, Sumner, acquired in 1994. The new sheriff in town is David Ellison, the founder of Skydance, a movie producer, and the son of Oracle founder Larry Ellison, who Variety said largely bankrolled the deal. That might have something to do with why David Ellison, the new CEO, has already pledged that “technology will transform every single aspect of this company,” particularly streaming, on which Paramount failed to capitalize in the past. David Ellison told the New York Times that his first meetings on the job were with employees from CBS News and 60 Minutes, where morale is low following the recent CBS settlement with President Trump.—HVL
Israeli security cabinet approved military takeover of Gaza City. Early Friday morning, following a 10-hour meeting, Israeli Prime Minister Benjamin Netanyahu’s office released a statement announcing that a majority of his security cabinet backed his proposal to take over Gaza City. Until this point, Israel has controlled about 75% of the Gaza Strip in its war against Hamas, but the Israel Defense Forces largely avoided ground strikes in Gaza City because it believes that is where Hamas is holding the 20 surviving Israeli hostages. Hamas has previously threatened to execute the captives rather than see them rescued. Families of the hostages have protested against military expansion in Gaza. The statement from the PM’s office said that most security cabinet ministers rejected an alternative plan put forward by the military because they believed it “would neither achieve the defeat of Hamas nor the return of the hostages.” Trump will nominate Stephen Miran to fill Fed vacancy. On Truth Social, the president said Miran, the current chairman of the Council of Economic Advisors, would serve in the seat on the Federal Reserve Board of Governors vacated by Adriana Kugler, until the term expires on January 31, 2026. Trump wrote, “In the meantime, we will continue to search for a permanent replacement,” suggesting that Miran was not a shoo-in for a full 14-year term on the board beyond this caretaking period. Miran has been a critic of Fed Chair Jerome Powell. The selection may raise concerns about political influence over the Federal Reserve, which has typically operated with independence in the modern era. Miran will require Senate confirmation to assume the role, which is not expected before September. Paramount and Skydance finalized their merger. Out with the Redstones, in with the Ellisons. With the deal done early yesterday morning, Shari Redstone, formerly Paramount’s controlling shareholder, walked away from the company her father, Sumner, acquired in 1994. The new sheriff in town is David Ellison, the founder of Skydance, a movie producer, and the son of Oracle founder Larry Ellison, who Variety said largely bankrolled the deal. That might have something to do with why David Ellison, the new CEO, has already pledged that “technology will transform every single aspect of this company,” particularly streaming, on which Paramount failed to capitalize in the past. David Ellison told the New York Times that his first meetings on the job were with employees from CBS News and 60 Minutes, where morale is low following the recent CBS settlement with President Trump.—HVL
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