NPR News Now covers the $111 billion Skydance acquisition of Warner Bros. Discovery, merging major studios and news outlets despite industry protests. The report also details the U.S. military's withdrawal of bombers from the UK due to fears of an Iranian drone attack, alongside the arrest of Germany's former spy chief for espionage. Additionally, the segment notes President Trump's approval of a firing squad execution for a Fort Hood shooter and announces the finalists for this year's National Book Awards.