This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here.

The Trumpy tech billionaire Larry Ellison has wrapped his tentacles around the US branch of TikTok, an entire Hawaiian island — and now, officially, a very large share of the world’s news and entertainment production. 

On Tuesday, the media behemoth Paramount — which is headed by Ellison’s son — completed its $110 billion mega-merger with Warner Bros. Discovery, in a controversial and hard-fought deal backed by the elder Ellison. 

The merger combines a sprawling collection of brands, including HBO, CBS, and Paramount Pictures under one rebranded umbrella. It also concentrates much of the US film and television business in the hands of just five companies. Unions, theater owners, media watchdogs, and several state attorneys general were accordingly concerned: Combining two major competitors in any industry inherently concentrates power over what gets made, what consumers pay, and what workers earn. 

Critics of this deal argued that, in the media industry, the fallout could be particularly intense. In addition to layoffs, opponents warned the new company could produce fewer, more boring movies, raise subscription prices for its combined streaming services, and inject political bias into news programs on CBS and CNN. (We’ll review the evidence for some of these claims in a minute.) 

The new company agreed to address some of these concerns in a September 21 settlement agreement with 12 state attorneys general, which let the merger proceed. A group of consumers also launched a last-minute bid to block the deal, but the Supreme Court declined their emergency request on Monday.

Go a little deeper

One of the conditions of that September AG settlement was a minimum film guarantee: The merged company agreed to release at least 30 films a year for the first two years after the merger, then 32 films a year for three years after that. The requirement was designed to address one of the major fears around the deal: namely, that mergers can result in fewer films. 

Recent history, and the basic economics of acquisitions, help explain the concern. Debt-financed acquisitions, like this one, can leave companies under pressure to cut costs. There are a few ways to do that, such as producing fewer new films or cancelling unreleased films that they don’t want to promote. According to Cinema United, a theater industry group, Disney and 21st Century Fox put out about half as many theatrical releases after their 2019 merger as they did before it, excluding 2020 and 2021.

But that doesn’t mean the new Paramount/Warner Brothers (formally rebranded Skydance) would do the same thing. Disney, for instance, makes a lot of its money from properties and products that aren’t movies. When the European Commission took up the question of whether this new merger would reduce output earlier this year, it concluded that Paramount and Warner were comparatively more dependent on film revenue. In other words, cutting back the number of movies they make post-merger “would not make economic sense” the way it did for Disney after its acquisition. 

Still, consolidation could certainly change which movies get produced. Critics argue that fewer studios mean fewer opportunities for Hollywood creatives and less pressure on the remaining players to take creative risks.

In a report released over the summer, academics with the Media and Consolidation Research Organization at UC San Diego warned this particular deal would likely result in less diverse and more formulaic films. I, for one, won’t be holding my breath for a Larry Ellison biopic.

One link for later

➨ Resist the temptation of the Prime Day “deal.” Today marks the start of Amazon’s twice-yearly discount days, which have spilled over to many other retailers. But before you load up your cart, double-check that the sale is actually a good one…and that you truly want or need the item in question. The psychological rush of scoring a deal is so strong that it can lead you to buy things you never planned to purchase.

Before you go…

• Did you know…that Hollywood (and communism) brought the Reagans together? The pair met when Ronald was the president of the Screen Actors Guild and Nancy was a young actress trying to prove she wasn’t a communist sympathizer. 
• Today’s trivia: What is the 24th and final letter of the Greek alphabet? (You can find this and other brain puzzles in Vox’s daily crossword. Look for the answer in tomorrow’s edition.)
• Yesterday’s trivia: Yesterday we asked you for the name of the Indian Ocean island where the UK displaced inhabitants roughly 55 years ago. That would be Diego Garcia, which was forcibly cleared to make way for a joint US-UK naval base. 

This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here.

The death of a 28-year-old lab tech halfway around the world is not typically the sort of thing the White House monitors. 

But when that tech dies of severe pneumonia…while working at a Siberian plague research lab…foreign governments (and pretty much everyone in my timeline) tend to pay more attention.  

The World Health Organization says that there’s little cause for concern, to be clear. Testing has turned up no connection between the woman’s work and her cause of death. 

And even if she did contract pneumonic plague, that’s hardly a doomsday scenario. The plague comes in three flavors — bubonic, septicemic, and pneumonic — and they all crop up from time to time, particularly in places like Central Asia and Africa. If caught early, pneumonic plague is typically curable with common antibiotics. A man in Arizona caught the disease from his cat in 2025, for instance, but didn’t spread it to anyone else. 

Of course, the real fear (and the reason so many people are talking about this today, I suspect) is that Russia has, at various times in its history, worked to develop more deadly and contagious forms of plague for use as a biological weapon. 

There’s no evidence linking that program to this lab or this death in Siberia. Still, the general threat of biological warfare is so ominous and urgent that now seems like a worthwhile time to understand it a bit better.

Go a little deeper

In her very recent and slightly spooky book, Biological War: A Scenario, journalist Annie Jacobsen lays out how world governments and health authorities are poised to respond to the hypothetical leak of a weaponized pneumonic plague from a Russian lab. At the risk of being euphemistic here, let me say that she concludes things would not go well. 

But wait! There’s even more doom and gloom where that thought experiment came from. AI chatbots have made it hypothetically possible for more-or-less ordinary people to grasp the research and techniques they’d need to hack together their own biological weapons. 

Just last month, the AI giant Anthropic disclosed five cases where scientists had tried to use its software on research that could have been used in weapons development. And while the company apparently shut those attempts down, their mere existence is fairly frightening.

Can anything be done about these risks, now that they’re here? My colleague Noel King asked Jacobsen that very question in early September. Jacobsen essentially said that the public needs to demand policies aimed at avoiding the “nightmare scenario,” whether that’s an inadvertent lab leak or terrorist attack. Such policies might include things like independent testing of AI models or stricter licensing requirements for high-risk labs. 

But it’s unclear what authority could rein in bad state-level actors. And it’s hard to imagine a public upswell for such niche scientific regulations, particularly at a moment when we don’t lack for other doomsday threats. For now, I suppose, I’ll take (partial, provisional) solace in the fact that this Russian situation doesn’t look like one of them. 

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➨ Curtail your catastrophizing. Catastrophizing is a common thought pattern where you assume the worst possible scenario. (For instance, perhaps you read about a quarantine in Russia and began to fear for the end of the world!) Catastrophic thinking can help prepare us for difficult or frightening situations, but it can also be a major source of stress. Try interrogating your doomsday thoughts and noting when the worst case doesn’t come to pass. 

Before you go…

• Did you know…that, according to some physicists, glass defies categorization as a simple liquid, solid, or gas? It looks like a solid, but its molecular structure is more like a liquid. 
• Today’s trivia: Between 1968 and 1973, the British government forcibly removed the native inhabitants from which Indian Ocean island? (You can find this and other brain puzzles in Vox’s daily crossword. Look for the answer in tomorrow’s edition.)
• Yesterday’s trivia: Last week we asked you what musical note is equivalent to a G sharp. That would be A flat.