Headlines From The Times

Trump Media & Technology Group is launching a new service that gives paying customers real time access to President Donald Trump's Truth Social posts, potentially milliseconds before others see them. The new "Truth API" could benefit institutional investors and high frequency trading firms, where even fractions of a second can be worth millions of dollars.

In this episode, we speak with L.A. Times business columnist Michael Hiltzik about the legal and ethical questions surrounding the service, why Wall Street reacts so quickly to the president's posts, and whether the $100,000 per month product could become a major new source of revenue for Trump Media as the company looks to offset steep financial losses.

Netflix has acquired Ben Affleck's AI film-tech startup, InterPositive, for $587 million. The company says the technology will help speed up filmmaking while keeping creators in control, as Hollywood continues to debate the future of AI in entertainment.

A Los Angeles Times investigation found that homeless nonprofit A Step to Freedom paid more than $1.7 million to companies owned by its CEO over three years. County officials later determined the food service contract created a conflict of interest, though no criminal allegations have been made against the organization.

Read more at https://LATimes.com

President Trump is threatening to bomb Iranian bridges and power plants for every attack Iran carries out against ships in the Strait of Hormuz, marking a dramatic escalation in the nearly five month conflict. Iran is warning of an "eye for an eye" response, while attacks in the Red Sea and rising oil prices are fueling concerns the war could spiral into a wider regional conflict.

Meanwhile, lawmakers have introduced the bipartisan "AI Kill Switch Act," which would require the nation's largest AI companies to build emergency shutdown capabilities into their most advanced systems. The proposal comes just days after OpenAI disclosed an unprecedented cyber incident in which one of its AI models hacked another company's servers, reigniting debate over how to regulate rapidly advancing artificial intelligence.

And, Dodgers rookie catcher Dalton Rushing snapped out of a slump during Dodgers’ win over Phillies before the team is set to visit the White House, Thursday.

Read more at https://LATimes.com

The Trump administration is withholding an additional $1 billion in Medicaid funding from California and Minnesota, marking the second time this year the federal government has targeted the states' public health insurance programs over suspected fraud. While the withheld funds make up a relatively small share of each state's Medicaid budget, the loss could still impact programs providing behavioral therapy for children with autism and in-home care services helping people with daily tasks like bathing, eating, and taking medications. 


Meanwhile, the average cost of living in Miami is now more expensive than in the New York City metropolitan area, according to the Bureau of Economic Analysis, with housing in Miami about 5% higher than in the New York area. Once seen as the cheaper alternative to New York with the added attraction of no state income tax, Miami has gotten pricier as the ultra-wealthy are buying properties there. In Palm Beach, firms like BlackRock and Redbird Capital Partners are opening up new offices, earning the area a new nickname: "Wall Street South."

Read more at https://LATimes.com

The Paramount-Warner Brothers saga continues as a federal judge in California hit pause on one of Hollywood's biggest mergers. The ruling temporarily blocks the $111 billion merger of Paramount-Skydance and Warner Brothers Discovery after a coalition of 12 state attorneys general, led by California AG Rob Bonta, filed a restraining order to stop the deal.

Meanwhile, the United States' trade war is escalating with Canada as the Trump administration is slapping a new set of 50% tariffs on goods ranging from wine to hockey sticks to cement. The administration says the broad tariffs are in response to what they view as Canada's “discriminatory treatment” of U.S. auto, alcohol, and dairy industries.

Marvel Studios has released the first full trailer for "Avengers: Doomsday," featuring Doctor Doom, the return of Steve Rogers & a massive team-up of the Avengers, Fantastic Four, Thunderbolts & X-Men ahead of the film's December release.

And, a new UC San Diego study found e-bike injuries are rising rapidly across California, with the highest number of injured riders being 14 years old or younger. Researchers say e-bike crashes are also more likely to result in serious injuries than traditional bicycle accidents.

Read more at https://LATimes.com

Christopher Nolan's nearly three-hour epic "The Odyssey" grossed over $124 million domestically this weekend, proving it was worth the risk for Universal despite being one of the priciest R-rated movies ever made. Shot entirely on IMAX 70-millimeter cameras, the film set a new IMAX record for the largest opening weekend in international markets, excluding China, Japan, and South Korea. Universal Pictures' president of domestic distribution says "it's something that truly has to be experienced on the big screen," and audiences are running to theaters to be part of this cultural moment.

Meanwhile, FIFA celebrated its own victory, as Spain lifted the 2026 World Cup trophy, with the organization estimating nearly $9 billion in revenue for the tournament. The expanded format went from 32 to 48 teams with 104 matches instead of 64. This meant increased ticket sales, sponsorships, and broadcast rights – though fans complained the tournament was wildly unaffordable.

A major water main break continues to shut down part of Sunset Boulevard after a 110-year-old pipe spilled nearly 17 million gallons of water across West Hollywood. As crews work to repair the damage, additional water pipe breaks were reported in Venice & Hollywood, raising new concerns about Los Angeles' aging water infrastructure.

Spain defeated defending champion Argentina 1-0 in extra time to win the 2026 FIFA world cup. Ferran Torres scored the match-winning goal, Rodri was named the tournament's best player & Lionel Messi closed out what is expected to be his final world cup appearance.

Read more at https://LATimes.com