Today’s episode spans major developments in media consolidation, national AI policy, and the massive energy demands driving the next era of computing. Alex and Morgan unpack Paramount Skydance’s surprise decision to launch a hostile, all-cash takeover bid for Warner Bros. Discovery at $30 per share, a direct attempt to derail WBD’s recently announced deal with Netflix. The move sets up an intense corporate showdown that could reshape the entertainment landscape and determine who controls some of the world’s most valuable film and television assets.

The hosts then turn to the political front, where President Trump is pushing a sweeping “One Rule” Executive Order for AI, designed to unify federal oversight and prevent individual states from creating their own regulations. Supporters argue this approach accelerates innovation and clears regulatory uncertainty, while critics warn that removing state-level guardrails could heighten safety risks and weaken accountability around advanced AI systems.

Finally, the episode examines the rapidly expanding energy footprint of AI data centers, with new facilities requiring gigawatts of power to support increasingly complex models and workloads. Google’s emerging strategy — pairing natural gas with carbon capture and storage — highlights both the urgency of scaling energy supply and the environmental tradeoffs inherent in building AI infrastructure at global scale.

Financial markets and weather updates round out the episode, with routine fluctuations across major indices and shifting conditions across the U.S.

Paramount Skydance Launches Hostile Bid for WBD

• A $30-per-share hostile takeover attempt aims to upend WBD’s agreement with Netflix.
• Paramount Skydance’s move signals escalating competition for premium content libraries and distribution strength.
• Alex and Morgan discuss the strategic motivations behind the bid and whether WBD shareholders may be swayed.

President Trump’s “One Rule” Executive Order on AI

• The proposal would centralize AI regulation at the federal level and block states from creating their own rules.
• Advocates say the order would streamline development and attract investment.
• Opponents argue it could weaken safety oversight and increase systemic risk in high-impact AI systems.

AI’s Growing Energy Appetite

• Next-generation AI data centers are being designed to draw gigawatts of power.
• Google is preparing to meet this demand using natural gas coupled with carbon capture and storage technologies.
• The hosts explore the tension between AI acceleration and sustainable energy strategy.

Markets and Weather

• Major U.S. market indices saw routine, mixed performance.
• Weather systems continue to shift across the country, with several regions preparing for storms and temperature swings.

Recap and Close

From hostile takeover attempts and national AI policy shifts to the immense power required to sustain the AI boom, today’s episode captures the forces reshaping media, technology governance, and global energy strategy. Thanks for joining us — we’ll be back tomorrow to keep Connecting the Dots.