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Not here: Florida’s Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state’s coast. Republican Sens. Rick Scott and Ashley Moody as well as all 28 of the state’s U.S. House members have signed a letter saying the Interior Department’s plan would put Florida’s thriving tourism industry at risk and disrupt military operations in a key training area. Read more from the Associated Press.
Challenge to Netflix: Paramount has gone hostile in its bid for Warner Bros. Discovery, challenging Netflix after it reached a $72 billion takeover deal with the company just days ago. Paramount said Monday that it is going straight to Warner Bros. shareholders with a bid worth about $74.4 billion, or $30 per share in cash. Paramount, unlike Netflix, is also offering to buy the cable assets of Warner Bros., and asking shareholders of the company to reject the Netflix bid. Read more from the Associated Press.
Positive growth: The U.S. will finish the year with 3% real GDP growth despite the lengthy government shutdown, Treasury Secretary Scott Bessent told CBS’ Face the Nation. Bessent says he expects inflation to “roll down strongly” next year. Read more from Bloomberg. A subscription may be required.
