When ABC suspended Jimmy Kimmel Live! in September, President Donald Trump crowed on social media that the show had been canceled. It wasn’t — Kimmel returned to the air six days later — but during that time, top Disney executives didn’t communicate with the White House.

Disney's OpenAI deal comes at a time when the stock is essentially flat over the past 10 years, while the S&P 500 has soared 236%.

South Korean crypto tycoon Do Kwon was sentenced to 15 years in prison late yesterday on two counts of fraud. Kwon’s TerraUSD and Luna tokens, which he controlled, collapsed in 2022. That caused $40bn in losses for investors. Kwon admitted in a New York court earlier this year that he knowingly defrauded investors. He pleaded guilty in August.

Disney is investing $1 billion in OpenAI and is giving the go-ahead for its iconic characters like Mickey Mouse to be used in the AI short-form video app Sora. The two companies announced a three-year deal that would bring more than 200 characters to Sora with a period of exclusivity for part of the duration of the deal.