Host Ed Elson discusses the Paramount-WBD merger settlement, noting that political pressure from California officials forced a deal that largely favors David Ellison. He also analyzes the bifurcated housing market, where high-end prices remain strong while entry-level buyers struggle with high mortgage rates and low inventory. The episode concludes with a look at Meta’s stock surge following its AI agent launch, tempered by Amazon’s decision to block the agent’s access to its platform.