American officials joined Russia, Saudi Arabia and Iran in objecting to language on fossils fuels, biodiversity and plastics in a report that was three years in the making.

© Monicah Mwangi/Reuters

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.

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© Photograph: Saul Loeb/AFP/Getty Images

© Photograph: Saul Loeb/AFP/Getty Images

© Photograph: Saul Loeb/AFP/Getty Images

Mr. Musk’s xAI will work with the Saudi artificial intelligence company Humain on a new data center, part of Crown Prince Mohammed bin Salman’s effort to diversify his kingdom’s economy.

© Haiyun Jiang/The New York Times

Qualcomm, which is known for its chips in smartphones, also announced a deal with Humain, a Saudi-backed A.I. company. The news sent Qualcomm’s share price soaring.

© Graham Walzer for The New York Times

The kingdom is pouring money into data centers and working with U.S. and Chinese tech giants, landing its A.I. ambitions in the middle of a geopolitical tussle for tech power.

© Photo Illustration by Mark Harris; source photographs by Spencer Lowell for The New York Times, Tamir Kalifa for The New York Times, Katarina Premfors for The New York Times, Doug Mills/The New York Times, Hamad I Mohammed/Reuters, iStock