President Donald Trump urged America’s defense contractors to invest in new and modern production facilities Wednesday, saying he would ban dividends, stock buybacks, and executive compensation exceeding $5 million until companies accelerate manufacturing and maintenance of critical military equipment.

Warner Bros Discovery has rejected Paramount Skydance’s beefed up £81billion takeover bid – and urged shareholders to back a rival offer from Netflix. In the latest twist in a battle that has gripped Hollywood, the Warner Bros board warned that Paramount’s offer was ‘inadequate’ and hinges on ‘an extraordinary amount of debt’.