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Hollywood Unions Condemn ABC Over Kimmel Suspension Amid White House Pressure

A protester outisde the El Capitan Entertainment Centre, where "Jimmy Kimmel Live!" was recorded for broadcast. Hollywood’s most powerful unions are accusing Disney-owned ABC and the Federal Communications Commission of bowing to political pressure after the network abruptly pulled Jimmy Kimmel Live! from the air. The move followed threats from the Trump administration and FCC Chair Brendan Carr over Kimmel’s recent monologue on the assassination of conservative activist Charlie Kirk. Kimmel, a frequent critic of President Trump, suggested Kirk’s allies were using his death to “score political points.” Within days, ABC affiliates signaled they would drop the show, and the network announced an indefinite suspension. The Writers Guild of America West and East called the decision “an attack on constitutionally protected free-speech rights,” while SAG-AFTRA warned it set a dangerous precedent for artistic expression. The controversy comes amid a broader wave of firings and su...
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Trade War Escalation Sends Markets Tumbling

                                            

The stock market faced significant turbulence today as futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq slid sharply. This downturn comes in response to China's retaliatory tariffs against the United States, following President Trump's imposition of hefty duties on Chinese imports. Beijing announced an 84% tariff on U.S. goods, escalating tensions between the world's two largest economies.

Investors are grappling with the potential fallout of this trade war, which has already roiled global markets. The S&P 500 edged closer to bear market territory, while the Nasdaq and Dow futures dropped by over 2%. Oil prices also took a hit, with West Texas Intermediate falling below $55 per barrel.

As the trade conflict intensifies, market participants are closely watching for signs of resolution or further escalation. Treasury Secretary Scott Bessent expressed optimism about potential trade deals, but uncertainty remains high. The Federal Reserve's upcoming minutes and inflation data may provide additional insights into the economic impact of these tariffs.


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