The president’s son-in-law is once again at the center of an international business deal that will require administration approval

On Monday, Paramount Skydance launched a $108bn takeover bid for Warner Bros Discovery, the entertainment giant that owns Hollywood movie studios, along with CNN, HBO and other media businesses. The bid is led by David Ellison, son of the tech billionaire Larry Ellison – a prominent Donald Trump supporter and Republican donor. Netflix had already prevailed over Paramount in a previous bidding competition for the purchase, but Trump announced on Sunday that he would “be involved” in his administration’s review of the Netflix deal. The president suggested the sale “could be a problem” because Netflix is already dominant in the US streaming market.

Paramount left out a significant fact in the press release announcing its offer: the bid includes funding from the private equity firm owned by Jared Kushner, the president’s son-in-law, as well as three Arab monarchies, Saudi Arabia, Qatar and the United Arab Emirates, which collectively have billions of dollars in ongoing ventures involving the Trump family business. Those details were buried in required paperwork filed with the Securities and Exchange Commission.

President says there were ‘strong words’ in latest call, as Volodymyr Zelenskyy to join other European leaders to discuss peace plan on Thursday

Leaders of the “coalition of the willing” group of nations will hold a video call about the Ukraine war on Thursday as Donald Trump voiced impatience with European allies and put US involvement in further talks in doubt, saying they risked “wasting time”.

Amid chaotic American efforts to push through a peace deal, the US president said on Wednesday night: “We discussed Ukraine in pretty strong words”, when asked about an earlier phone call with British prime minister Keir Starmer, French President Emmanuel Macron and Germany’s Chancellor Friedrich Merz