NPR News: 12-08-2025 12PM EST
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Support for NPR comes from NPR member stations and Eric and Wendy Schmidt through the Schmidt Family Foundation, working toward a healthy, resilient, secure world for all. On the web at theschmidt.org.
Live from NPR News, I'm Lakshmi Singh. A White House official confirms that the Trump administration is announcing $12 billion in one-time payments to farmers in response to a decrease in export demand in the wake of this year's tariff hikes. The payments will be announced during a roundtable event hosted by President Trump at the White House featuring affected farmers, Treasury Secretary Scott Besson and Agriculture Secretary Brooke Rollins. The move comes as the administration looks to placate economic concerns from key Trump constituencies as the tariff effects play out. Netflix and Paramount are in a bidding war for Warner Brothers Discovery. Today, Paramount, a Skydance corporation headed up by the Ellison family, put in an all-cash tender offer for $30 a share.
NPR's David Fokkenflik reports on the factors that have led Paramount to offer shareholders $18 billion more in cash than Netflix.
Paramount's looking at the landscape and saying, we're too small. We can't compete. Netflix is the world's largest streamer. It's the nation's largest streamer. There's also Amazon, which, yeah, it bought MGM, which is a small little studio, but Amazon has all the money in the world, the everything store. It's looking at Apple and it's looking at Disney, which several years ago bulked up by acquiring most of the Murdoch's Fox Entertainment properties out there in Hollywood. Paramount says, look, if we combine together, we're two of the old time studios, Paramount and Warner Brothers, we can do this. We have all these cable properties. You have cable properties.
What financial support is the Trump administration providing to farmers?
Let's be in business together. Let's take on these giants.
NPR's David Fokenflik reporting, with a hostile takeover bid looming, it's one battle after another that's given Warner Brothers a reason to celebrate. Paul Anderson's film has scored a leading nine nominations to the 83rd Golden Globe Awards, including for its cast, Leonardo DiCaprio, Deanna Taylor, Sean Penn, and Chase Infinity. Days after members of Congress saw a video of a U.S. military strike on a boat that some are calling a war crime, a Democratic lawmaker alleges Defense Secretary Pete Hexeth does not want that video published. NPR's Luke Garrett reports.
House Armed Services Committee ranking member Adam Smith got to watch the video of the strike on survivors of an attack on an alleged drug boat in the Caribbean. Smith, a Democrat from Washington state, called the tape, quote, deeply disturbing on ABC News.
It seems pretty clear they don't want to release this video because they don't want people to see it.
But Republican Senator Eric Schmidt of Missouri told ABC News that the early September follow-on strike and those that followed were all legal.
They're going to carry out their mission. They executed another strike of a narco-terrorist just this past week. Those will continue, and they're completely authorized. I reviewed the 40-plus page memo by the Office of Legal Counsel.
Hegseth said the Pentagon is reviewing the strike footage to determine if it can be released. Luke Garrett, NPR News, Washington.
The Dow Jones Industrial Average is now down 239 points, or half a percent, at 47,716. From Washington, it's NPR News. A powerful earthquake struck northeastern Japan. NPR's Anthony Kuhn reports it triggered warnings and advisories.
The quake was felt across large swaths of the country's north and northeast. Japan's meteorological agency put the quake's magnitude at 7.6. The U.S. Geological Survey put it at a depth of 33 miles below the ocean's surface. Thousands of residents were ordered to evacuate coastal areas. Bullet trains in the region stopped, nuclear power plants were checked for damage, and the government set up a response room at the Prime Minister's Office Crisis Management Center. Anthony Kuhn, NPR News, Seoul.
The holiday party season's in full swing and the alcohol is flowing.
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