Overview

• President Trump is suing CBS News for $20 billion under the Texas Deceptive Trade Practices Act and the federal Lanham Act over alleged deceitful editing of a 60 Minutes interview with Kamala Harris.
• CBS has filed repeated motions to dismiss the suit as meritless under First Amendment protections and is urging the court to transfer venue to New York.
• Paramount Global and Trump’s attorneys remain in mediation after the company offered $15 million to settle, while Trump’s team insists on at least $25 million and a formal apology.
• The FCC is reviewing a consumer complaint alleging news distortion in the Harris segment and has warned that all regulatory options, including license revocation, remain on the table.
• Senators Sanders, Warren and Wyden cautioned that resolving the lawsuit in exchange for approval of Paramount’s $8 billion merger with Skydance Media could violate federal anti-bribery statutes.