Warner Brothers Discovery has rejected Paramount Skydance's hostile takeover bid, saying it carries many risks and is inferior to Netflix's offer. The company's board said the Ellison family that controls Paramount "consistently misled" them about guarantees as it urged shareholders not to sell their stocks. Plus, as oil prices rise following US President Donald Trump's order to blockade oil tankers in and out of Venezuela, we take a look at just how central oil is to the South American country's economy.