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TORONTO, ON / ACCESS Newswire / January 12, 2026 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce that it has finalized multiple term sheets with strategic investors to fund Phase 1 of the Company’s proposed Battery Anode Facility (‘BAF’) in the Industrial City of Abu Dhabi in the UAE. These term sheets indicate substantial progress in the Company’s strategic financing process and further reinforces the Company’s path towards the final investment decision (‘FID’).

The Company has finalized term sheets with several strategic investors, including local sovereign‑linked entities and a Japanese strategic consortium including a diversified industrial trading group with deep experience across the global battery materials and infrastructure sectors. This follows the successful conclusion of the first stage of due diligence and the investor site visit held on November 25, 2025 to the industrial building and site secured for the location of the Company’s proposed BAF in the Industrial City of Abu Dhabi.

The term sheets propose an equity investment at the project level in the BAF project under which new strategic partners would potentially acquire an interest of up to 50% in the UAE BAF and subsequently fund their pro rata share of Phase 1 capital costs. This approach aligns with NextSource’s objective to minimize dilution of the Company while potentially partnering with investors that bring strategic and regional value to the BAF project and across the battery supply chain.

The term sheets executed are non-binding and subject to customary conditions. The Company is now advancing next steps with these parties, alongside ongoing technical, commercial, and legal due diligence, with a view toward potentially finalizing a preferred funding structure and executing definitive agreements in the coming months.

Hanré Rossouw, President and CEO of NextSource, commented:

‘The level and quality of funding interest we are seeing at the project level is a strong validation of our UAE BAF strategy. These strategic investors recognize the importance of establishing secure, scalable, and geopolitically aligned anode supply chains outside of China. This process marks a significant first step toward funding our first commercial-scale BAF’.

The Company is currently advancing parallel workstreams to reach FID by the end of Q1 2026, supported by strong progress in the front-end engineering and design with its engineering partner firm, Stantec. Following a prospective successful FID and funding, the Company will proceed with full equipment procurement, installation, commissioning, and ramp‑up in accordance with its phased development plan.

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

Safe Harbour: This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, ‘expected’ or ‘should’ occur. Forward-looking statements include any statements regarding, among others, that the non-binding term sheets will progress to definitive agreements and the timing thereof, timing of construction, development and completion of the BAF, timing and completion of front-end engineering and design, timing of FID, the phased development plan of the BAF as well as the Company’s intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. These risks include that the non-binding term sheets will not progress to definitive agreements, the parties to the non-binding term sheet will not be satisfied with their due diligence review, risks related to the construction and development of the BAF, the risk that a positive FID decision may never be reached as well as other risk factors set forth in the Company’s latest Annual Information Form (which includes the disclosed risk related specifically to the development commissioning and operation of the BAF) There is no assurance that the definitive agreements will be completed with the above noted timeframe or at all. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

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Four tankers that left Venezuela in early January with their transponders off, also known as ‘dark mode,’ have reportedly returned to the country’s waters. The news comes after several U.S. tanker seizures and amid the Trump administration’s push to acquire Venezuelan oil following the arrest of dictator Nicolás Maduro.

Most of the four tankers were loaded, according to Reuters, which noted that Petróleos de Venezuela (PDVSA), a state-owned company, and monitoring service TankerTrackers.com had reported the vessels’ return.

A flotilla of approximately one dozen loaded vessels as well as at least three empty ships left Venezuelan waters last month, despite a U.S. blockade that has been imposed since mid-December, according to Reuters.

One of the vessels, the supertanker M Sophia, which had the Panamanian flag, was intercepted by the U.S. earlier this week, as was the Olina, which had the flag of Sao Tome And Principe, according to Reuters. The outlet reported, citing PDVSA, that the Olina was released to Venezuela on Friday.

The Olina had been seized by U.S. forces in a pre-dawn mission on Friday. The U.S. Southern Command said that Marines and sailors from Joint Task Force Southern Spear worked on the mission in coordination with the Department of Homeland Security.

‘Apprehensions like this are backed by the full power of the U.S. Navy’s Amphibious Ready Group, including the ready and lethal platforms of the USS Iwo Jima, USS San Antonio, and USS Fort Lauderdale,’ the U.S. Southern Command wrote in a post on X. ‘The Department of War’s Operation Southern Spear is unwavering in its mission to defend our homeland by ending illicit activity and restoring security in the Western Hemisphere.’

The Olina, previously named the Minerva M, was sanctioned by the United States for its role in transporting Russian oil, according to The Wall Street Journal.

Three other vessels that departed Venzuela in the flotilla, Panama-flagged Merope, Cook Islands-flagged Min Hang and Panama-flagged Thalia III, were spotted late Friday in Venezuelan waters by TankerTrackers.com, Reuters reported.

On Friday, Trump hosted nearly two dozen oil executives at the White House to discuss investment in Venezuela after the U.S. military’s successful capture of Maduro. The executives represented several major companies, including Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp.

‘You have total safety, total security. One of the reasons you couldn’t go in is you had no guarantees, you had no security, but now you have total security,’ Trump said during the meeting. 

‘It’s a whole different Venezuela and Venezuela is going to be very successful, and the people of the United States are going to be big beneficiaries because we’re going to be extracting, you know, numbers of in terms of oil, like, you know, few people have ever seen actually. So, you’re dealing with us directly. You’re not dealing with Venezuela at all. We don’t want you to deal with Venezuela,’ the president added.

The president also predicted that the acquisition of Venezuelan oil would lead to massive wealth, lower taxes and ‘lots of jobs for Americans and for Venezuelans.’

Days before the meeting with oil executives, Trump said that Venezuela would be turning over between 30 million and 50 million barrels of ‘high-quality,’ sanctioned oil to the U.S. He made the announcement on Truth Social and said that the oil would be sold at market price and that he would ‘control the proceeds to ensure it is ‘used to benefit the people of Venezuela and the United States!’

Fox News Digital’s Emma Colton and Sophia Compton contributed to this report.

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An anti-regime protester scaled the balcony of Iran’s Embassy in London on Friday and tore down the Islamic Republic’s flag, replacing it with Iran’s pre-1979 ‘Lion and Sun’ emblem, video shows.

The demonstrator climbed the front of the embassy building in Kensington before ripping down the regime’s flag and hoisting the historic symbol associated with Iran’s monarchy prior to the 1979 Islamic Revolution as a large crowd of anti-regime protesters cheered on.

The Metropolitan Police said officers responded to the scene and made two arrests — one for aggravated trespass and assault on an emergency worker, and another for aggravated trespass. Police said they are also seeking another individual for trespass. It was not immediately clear whether the protester who tore down the flag was among those arrested.

Fox News Digital reached out to Iran’s Embassy in London for comment but did not receive a response by the time of publication.

The embassy protest comes as Iran faces its most significant wave of unrest in years. President Trump has warned the regime that the U.S. will protect protesters if necessary.

Potkin Azarmehr, a British-Iranian journalist, said the current unrest stands in sharp contrast to Iran’s 2009 Green Movement, when protesters openly questioned whether the Obama administration supported them.

‘What a contrast to Obama’s time, when protesters in Iran were chanting, ‘Obama, are you with us or with them?’’ Azarmehr told Fox News Digital.

‘Any international support, whether at the grassroots or government level, is encouraging,’ he said.

He said global attention matters to protesters on the ground, but questioned the lack of visible demonstrations by Western activist groups.

‘The question is where are the Western activist elite protesters? Why are they not protesting? Are they on the side of the ayatollahs? An archaic religious apartheid?’

Demonstrations that began on Dec. 28 over economic grievances have since spread nationwide, evolving into a direct challenge to Iran’s clerical leadership. Solidarity protests with Iranian demonstrators have also emerged in other major European cities, including Paris and Berlin. A protest also took place outside the White House in Washington, D.C.

As of Saturday, at least 72 people have been killed and more than 2,300 detained in Iran-based protests, according to the U.S.-based Human Rights Activists News Agency.

Some protests have included chants supporting Iran’s former monarch, Shah Mohammad Reza Pahlavi, who died in 1980. His son, Reza Pahlavi, has publicly called for continued demonstrations. The Iranian regime has also cut nationwide internet access.

At a press conference in Washington, D.C., on Friday, Trump said Iran was facing mounting pressure.

‘Iran’s in big trouble,’ Trump said. ‘It looks to me that the people are taking over certain cities that nobody thought were really possible just a few weeks ago. We’re watching the situation very carefully.’

Trump warned the United States would respond forcefully if the regime resorts to mass violence.

‘We’ll be hitting them very hard where it hurts,’ Trump said. ‘And that doesn’t mean boots on the ground, but it means hitting them very, very hard where it hurts.’

Supreme Leader Ayatollah Ali Khamenei has signaled a coming clampdown despite U.S. warnings, according to The Associated Press.

Tehran escalated its threats Saturday, with Iran’s attorney general, Mohammad Movahedi Azad, warning that anyone taking part in protests would be considered an ‘enemy of God,’ a charge that carries the death penalty. The statement, carried by Iranian state television, said even those who ‘helped rioters’ would face the charge.

‘Prosecutors must carefully and without delay, by issuing indictments, prepare the grounds for the trial and decisive confrontation with those who, by betraying the nation and creating insecurity, seek foreign domination over the country,’ the statement read.

‘Proceedings must be conducted without leniency, compassion or indulgence.’

Fox News’ Efrat Lachter, Greg Norman and The Associated Press contributed to this report.

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President Donald Trump pushed back on suggestions from Ukrainian President Volodymyr Zelenskyy that the United States could capture Russian President Vladimir Putin after Zelensky pointed to Washington’s recent action against Venezuelan dictator Nicolás Maduro.

Trump waved off the idea of such an operation, while venting frustration over the grinding war and his failure so far to bring it to an end. Trump repeatedly said on the campaign trail that he could end the war on his first day back in office. Despite meetings with both Zelenskyy and Putin, a resolution remains elusive.

‘Well, I don’t think it’s going to be necessary,’ Trump said in response to a question from Fox News’ Peter Doocy during a meeting with U.S. oil companies executives at the White House Friday.

‘I’ve always had a great relationship with him. I’m very disappointed,’ Trump said of Putin. ‘I settled eight wars. I thought this would be in the middle of the pack or maybe one of the easier ones.’

Trump said the conflict continues to take a heavy toll, particularly on Russian forces, and claimed Moscow’s economy is suffering.

‘And in the last month, they lost 31,000 people, many of them Russian soldiers,’ Trump said, adding that the Russian economy is ‘doing poorly.’

‘I think we’re going to end up getting it settled,’ Trump said. ‘I wish we could have done it quicker because a lot of people are dying.

‘But largely it’s the soldier population,’ he continued. ‘When you have 30,000, 31,000 soldiers dying in a period of a month, 27,000 the month before, 26,000 the month before that. That’s bad stuff.’

Trump also criticized the Biden administration for sending what he said was $350 billion to Ukraine, arguing the U.S. should be able to recoup costs through a rare earth minerals agreement tied to continued support. He also claimed the U.S. is not losing money in the conflict, saying Washington is benefiting through arms sales to NATO allies, pointing to NATO’s pledge to raise defense and security spending toward 5% of GDP by 2035, up from the longstanding 2% benchmark.

‘We’re not losing any money. We’re making a lot of money,’ Trump said. 

Zelenskyy made his comments after Russia said it fired its new nuclear-capable Oreshnik hypersonic missile as part of a massive overnight attack on Ukraine, a claim Kyiv disputed. Ukrainian officials said the barrage involved hundreds of drones and multiple missiles and struck energy facilities and civilian infrastructure, killing at least four people. 

Zelenskyy called on the United States and the international community to respond, saying Russia must face consequences for attacks targeting ordinary civilians.

Fox News’ Rachel Wolf contributed to this report.

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Israeli Prime Minister Benjamin Netanyahu and U.S. Secretary of State Marco Rubio discussed the possibility of U.S. intervention in Iran, according to a report.

The two leaders spoke by phone Saturday as Israel is on ‘high alert,’ preparing for the possibility of U.S. military intervention in Iran, according to Reuters, citing multiple Israeli sources.

The report comes as nationwide anti-regime demonstrations across Iran hit the two-week mark.

On Saturday, the Iranian regime triggered an internet ‘kill switch’ in an apparent effort to conceal alleged abuses by security forces and as protests against it surged nationwide, according to a cybersecurity expert. The blackout reduced internet access to a fraction of normal levels.

On Sunday, Iran’s parliament speaker warned that the U.S. military and Israel would be ‘legitimate targets’ if America strikes the Islamic Republic.

Parliament Speaker Mohammad Bagher Qalibaf issued the threat as lawmakers rushed the dais in the Iranian parliament, shouting, ‘Death to America!’ according to The Associated Press.

President Donald Trump offered support for the protesters on Saturday, writing on Truth Social that ‘Iran is looking at FREEDOM, perhaps like never before. The USA stands ready to help!!!’

At a news conference Friday, Trump said Iran was facing mounting pressure as unrest spreads across the country.

‘Iran’s in big trouble,’ he said. ‘It looks to me that the people are taking over certain cities that nobody thought were really possible just a few weeks ago. We’re watching the situation very carefully.’

The president said the U.S. would respond forcefully if the regime resorts to mass violence. 

‘We’ll be hitting them very hard where it hurts. And that doesn’t mean boots on the ground, but it means hitting them very, very hard where it hurts,’ he said.

Fox News Digital reached out to the State Department and White House for comment.

Fox News Digital’s Emma Bussey, Brie Stimson and The Associated Press contributed to this report.

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President Donald Trump reacted to a social media post joking about Secretary of State Marco Rubio becoming the president of Cuba, replying, ‘Sounds good to me.’

Trump posted the response Sunday on his Truth Social account after a user wrote, ‘Marco Rubio will be president of Cuba.’

Rubio’s broad portfolio in the Trump administration has fueled online jokes portraying him as being placed in charge of an ever-expanding list of roles.

Officially, he serves as secretary of state, national security advisor, and acting archivist of the United States.

He also previously served as acting administrator of the U.S. Agency for International Development, before the agency’s remaining functions were discontinued or absorbed into the State Department as part of a reorganization finalized in July.

Social media users on X have turned a photo of Rubio from a White House meeting into a viral ‘realizing’ meme, joking that his growing responsibilities make him the administration’s go-to official for a widening range of positions.

Users have posted AI-generated photos of Rubio that depict him in a range of imagined roles, from the Shah of Iran and the president of Venezuela to the manager of Manchester United.

Rubio has leaned into the humor himself, writing on X last week that he wouldn’t be a candidate for the vacant head coach or general manager positions with the Miami Dolphins.

‘While you never know what the future may bring right now my focus must remain on global events and also the precious archives of the United States of America,’ he wrote.

This post appeared first on FOX NEWS

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    Tech markets spent the first full week of 2026 responding to headlines out of the Consumer Electronics Show (CES) in Las Vegas, where semiconductor and artificial intelligence (AI) announcements helped drive Nasdaq Composite (INDEXNASDAQ:.IXIC) momentum. This enthusiasm pushed the index to a fresh record midweek before a bout of profit taking and renewed concerns weighed on sentiment heading into Friday (January 9).

    The Nasdaq finished the week up 0.95 percent from Monday’s (January 5) open, powered by gains in memory and storage names like Micron Technology (NASDAQ:MU) and Western Digital (NASDAQ:WDC) after upbeat commentary on next-generation data infrastructure. However, the rally faded as investors rotated into defensive stocks after US President Donald Trump proposed a US$1.5 trillion “Dream Military” budget.

    Labor market indicators for the week suggest a continued, gradual cooling in the American job market, supporting the case for future US Federal Reserve interest rate cuts.

    North of the border, Canada’s S&P/TSX Composite Index (INDEXTSI:OSPTX) retreated after briefly hitting a record, mirroring the US market’s rotation in the second half of the week, weighed down by Venezuela oil fears.

    3 tech stocks moving markets this week

    1. Micron Technology (NASDAQ:MU)

    Shares of Micron Technology rose 0.12 percent on Monday after the company provided an investor update confirming strong demand for its high-bandwidth memory, critical for AI GPUs, through 2026.

    Comments on storage shortages at CES amplified gains on Tuesday, driving an 8.25 percent advance for Micron that day alongside additional memory stocks. The company saw a 6.14 percent weekly gain.

    2. Lockheed Martin (NYSE:LMT)

    Lockheed Martin jumped by as much as 2.06 percent on Thursday (January 8) after Trump’s Truth Social post prompted an investor rotation to defensive tech stocks.

    3. SanDisk (NASDAQ:SNDK)

    Sandisk, a company focused on NAND flash, SSDs and memory cards for consumer and AI data center use, jumped as much as 27.57 percent on Tuesday as comments at CES from NVIDIA (NASDAQ:NVDA) and Samsung Electronics (KRX:005930,OTCPL:SSNLF) executives reignited concerns of forthcoming price increases for NAND flash memory.

    SanDisk, Lockheed Martin and Micron Technology performance, January 5 to 9, 2026.

    Chart via Google Finance.

    Top tech news of the week

      • Huang also announced that NVIDIA’s new AI server racks will not require outside cooling, a revelation that caused the stocks of cooling equipment suppliers, such as Modine Manufacturing (NYSE:MOD) and Johnson Controls International (NYSE:JCI), to fall.

                      Tech ETF performance

                      Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

                      This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 2.47 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a gain of 1.45 percent.

                      The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 1.98 percent.

                      Tech news to watch next week

                      Next week will bring bank earnings, starting with JPMorgan Chase (NYSE:JPM) on January 12, and Bank of America (NYSE:BAC) on January 15. January 15 will also bring the latest quarterly results from Taiwan Semiconductor Manufacturing Company (NYSE:TSM).

                      US producer price index data will hit on January 14, testing Fed interest rate cut bets, while Micron is set to break ground on its US$100 billion New York mega-fab on January 16.

                      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

                      This post appeared first on investingnews.com

                      Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit of the streaming and cable giant.

                      The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

                      ‘The Board unanimously determined that the Paramount’s latest offer remains inferior to our merger agreement with Netflix across multiple key areas,’ Warner Bros. Discovery Chairman Samuel Di Piazza said in a statement.

                      ‘Paramount’s offer continues to provide insufficient value,’ he continued.

                      In a letter to shareholders, Di Piazza wrote that Paramount Skydance’s offer carries ‘significant costs, risks and uncertainties as compared to the Netflix merger.’ The way the Paramount deal is structured creates a ‘lack of certainty’ about its finalization, he added.

                      Di Piazza adds in the letter that if the company were to agree to the Paramount merger and it failed to close, it would result in a ‘potentially considerable value destruction.’

                      ‘What matters most right now is our focus as we start the year,’ Warner Bros. Discovery CEO David Zaslav said in a memo to employees seen by NBC News. ‘Our operating plans remain unchanged, and our priorities for 2026 are clear and intentional.’

                      Zaslav wrote that the ‘review was conducted with discipline and rigor, and was supported by independent financial and legal advisors.’

                      On Dec. 22, Paramount Skydance increased its offer for Warner Bros. Discovery with a personal guarantee from billionaire Larry Ellison, who was backing the financing for the deal. His son, David Ellison, is the CEO of Paramount Skydance.

                      However, that was not enough for Warner Bros. Discovery. That beefed-up offer followed Warner Bros. Discovery’s Dec. 17 public rejection of Paramount. It also preceded multiple private rejections before Paramount Skydance went public.

                      In a statement Thursday, Paramount said it remained committed to the offer that WBD has rejected twice. “WBD continues to raise issues in Paramount’s offer that we have already addressed, including flexibility in interim operations,” Paramount said.

                      At stake is the future of one of the most storied media empires in the United States.

                      The bidding by Paramount also comes amid a monumental shift in the media and streaming landscape at large. On Monday, Versant Media, the cable network spinoff from Comcast, began trading as an independent company. Shares have plunged more than 20% over the course of those two days. (Comcast is the parent company of NBCUniversal and NBC News.)

                      On CNBC, Di Piazza said it would be a mistake to compare Warner Bros. Discovery‘s cable networks to Versant. ‘Discovery Global is different, it has a lot more scale,’ he said.

                      Streaming companies such as Apple, Netflix and Amazon are also challenging traditional broadcasters such as Paramount-owned CBS for sports rights.

                      Warner Bros. Discovery controls properties ranging from CNN Worldwide and the Discovery Channel to HBO, as well as the Warner Bros. film studio and archive.

                      Despite the back and forth between Warner Bros. Discovery and Paramount, Netflix has so far proceeded with the deal it inked Dec. 5, under which the world’s largest streaming company would acquire a stake in WBD.

                      Warner’s cable networks would be spun out into a separate company as part of that deal. However, Paramount Skydance wants to buy everything Warner Bros. Discovery owns.

                      Paramount’s controlling shareholders, the Ellisons, have suggested they could obtain regulatory clearance more quickly and easily than Netflix.

                      In mid-2025, the Ellisons acquired Paramount with approval from the Trump administration. But that approval only came after CBS News agreed to pay $16 million to President Donald Trump’s future presidential library over an interview that “60 Minutes” had conducted with then-presidential candidate, Vice President Kamala Harris.

                      Netflix, for its part, has met with Trump at the White House over the deal. But Trump has said either bidder poses potential problems, in his view.

                      Netflix said in a statement that it ‘welcomed the Warner Bros. Discovery board of directors’ continued commitment to the merger agreement’ the two companies reached last year. ‘Netflix and Warner Bros. will bring together highly complementary strengths and a shared passion for storytelling,’ Netflix’s co-CEOs Ted Sarandos and Greg Peters said.

                      Di Piazza said on CNBC that the difference between Paramount’s offer and that of Netflix is that Warner Bros. and Netflix already ‘have a signed merger agreement’ that has ‘a clear path to closing.’ Di Piazza also said the Netflix deal offers ‘protections for our shareholders, if something stops the close, whatever that might be.’

                      Trump has said he will be personally involved in reviewing whichever merger proceeds.

                      Paramount did not immediately respond to a request for comment.

                      This post appeared first on NBC NEWS

                      President Donald Trump briefly paused his meeting with nearly two dozen oil executives Friday afternoon to walk over to a window at the White House to check out updates on the ballroom’s construction.

                      ‘Today, I’m delighted to welcome almost two dozen of the biggest and most respected oil and gas executives in the world to the White House,’ he said. ‘It’s an honor to be with them. We have many others that were not able to get in. I said, ‘If we had a ballroom, we’d have over a thousand people.’

                      ‘I never knew you had that many people in your industry. But here we are. And if you’re, in fact, if you look, come to think of it. Well, I gotta look at this myself,’ Trump said as he got up from his chair to peek out of a window in the East Room, looking out to where the ballroom is under construction.

                      ‘Wow. What a, what a view. This is the door to the ballroom,’ he continued. 

                      Trump remarked that it was an ‘unusual time to look’ out in the ballroom, which earned chuckles, and then invited the ‘fake news’ to check out the progress. 

                      Trump announced in October 2025 that construction had begun on the ballroom after months of the president floating the planned project to modernize the White House. The project does not cost taxpayers and is privately funded, the White House reported.

                      Photos of the demolition crew dismantling the East Wing’s facade circulated on social media and in news reports in October 2025, sparking outrage from Democrats and other Trump critics who argued the president was ‘destroying’ the White House. 

                      Trump said Friday the construction is ahead of schedule. The White House said the ballroom will be ‘completed long before the end of President Trump’s term’ in 2029. 

                      ‘We’re ahead of schedule in the ballroom and under budget. It’s going to be … I don’t think there will be anything like it in the world, actually. … This is, as you know, our biggest room, which would seat 100 for dinner, maybe, if you’re lucky, if you’re … nice and tight.

                      ‘And the ballroom will seat many, and it’ll also take care of the inauguration with bulletproof glass, drone-proof ceilings and everything else, unfortunately, that today you need.’ 

                      The president repeatedly has remarked that the White House’s current rooms do not accommodate large crowds for dinners and other public events. 

                      Trump hosted nearly two dozen oil executives at the White House Friday to discuss investment in Venezuela after the U.S. military’s successful capture of the nation’s dictatorial president, Nicolás Maduro, Saturday. 

                      The lengthy lineup of oil companies includes Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp.

                      Vice President JD Vance, Secretary of State Marco Rubio, Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum also attended the meeting. 

                      ‘The plan is for them (oil companies) to spend at least $100 billion to rebuild the capacity and the infrastructure necessary,’ Trump said during the meeting. ‘Venezuela has also agreed that the United States will immediately begin refining and selling up to 50 million barrels of Venezuelan crude oil, which will continue indefinitely. 

                      ‘We’re all set to do it. We have the refining capacity, (which) was actually based very much on the Venezuelan oil, which is a heavy oil, very good oil.’

                      This post appeared first on FOX NEWS

                      President Trump sported a unique accessory at the White House on Friday, a custom lapel pin depicting what he called a ‘happy Trump.’

                      The president wore the small pin, which appeared to be a cartoon-style depiction of Trump in a navy suit and red tie just beneath his customary American flag lapel pin, while meeting with oil and gas executives in the East Room of the White House.

                      Fox News’ Senior White House Correspondent Peter Doocy noticed the accessory and asked the president about it. 

                      ‘I see the American flag lapel pin,’ Doocy said. ‘What is the other lapel pin?’

                      Trump explained that the pin was a gift.

                      ‘Somebody gave me this. You know what that is? That’s called a ‘happy Trump,” the president said, holding up the pin. 

                      ‘And consider the fact that I’m never happy. I’m never satisfied. I will never be satisfied until we make America great again. But we’re getting pretty close.’

                      Trump added, ‘Somebody gave it to me. I put it on.’

                      The lighthearted moment quickly gained traction on social media, with users on X praising the pin and the president’s sense of humor.

                      ‘Trump is wearing a ‘Happy Trump’ pin today,’ one user wrote, alongside laughing emoji. ‘How can you not love this guy?’

                      ‘Where can I get a happy Trump pin?’ another asked.

                      ‘Only our wonderful President Trump! He is wearing a ‘Happy Trump’ pin because he says he’ll never be happy until America is Great Again…but we’re getting close! Hilarious!’ a third user wrote.

                      The exchange came as Trump hosted nearly two dozen oil executives at the White House Friday to discuss investment in Venezuela after the U.S. military’s successful capture of the nation’s dictatorial president, Nicolás Maduro.

                      The lineup of oil companies included Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp.

                      Vice President JD Vance, Secretary of State Marco Rubio, Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum also attended the meeting. 

                      Fox News Digital’s Emma Colton contributed to this report.

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