WASHINGTON (AP) — President Donald Trump intends to preview his agenda for next year and beyond in a live speech from the White House on Wednesday night, remarks that come at a crucial juncture as he tries to rebuild his steadily eroding popularity.
The White House offered few details about what the Republican president intends to emphasize in the 9 p.m. ET speech. Public polling shows most U.S. adults are frustrated with his handling of the economy as inflation picked up after his tariffs raised prices and hiring slowed.
The president's mass deportations of immigrants have also proven unpopular, even as he's viewed favorably for halting crossings along the U.S. border with Mexico. The public has generally been nonplussed by his income tax cuts and globe-trotting efforts to end conflicts, attack drug boats near Venezuela and attract investment dollars into the U.S.
In 2026, Trump and his party face a referendum on their leadership as the nation heads into the midterm elections that will decide control of the House and the Senate.
Trump has said that he thinks more Americans would back him if they simply heard him describe his track record, which administration officials say will reverse the recent decline in manufacturing jobs and dramatically increase tax refunds next year.
“It has been a great year for our Country, and THE BEST IS YET TO COME!” Trump said in a Tuesday social media post announcing the speech.
White House press secretary Karoline Leavitt said that Trump would discuss his achievements this year and his plans for the remainder of his second term.
Trump has been omnipresent on social media and TV this year with his impromptu news conferences and speeches. But addresses to the nation often can be relatively sober affairs, as was Trump's June address describing the U.S. bombing of nuclear facilities in Iran.
The president has eschewed the messaging discipline that's common among most politicians, an authenticity that appeals to some voters and repels others.
In a speech in Pennsylvania last week, he said that his tariffs might mean that American children should have fewer dolls and pencils, while confirming a previously denied story from his first term in 2018 that he did not want immigrants from “shithole” countries.
On Monday, Trump on his social media site blamed Rob Reiner's vocal objections to the president for the killing of the actor-director and his wife, Michele Singer Reiner.
A report released on Tuesday showed a jobs market that looks increasingly fragile, even if the overall economy still appears to be stable.
Employers were adding on average 122,750 jobs a month during the first four months of this year. But since Trump announced his broad tariffs in April, monthly job gains have averaged a paltry 17,000 as the unemployment rate has climbed from 4% in January to 4.6%.
Trump's team has blamed Democratic lawmakers for shutting down the government for the job losses reported Tuesday during October. The president continues to blame his Democratic predecessor, Joe Biden, for any challenges the nation might face over inflation or ending Russia's war in Ukraine.
Follow the AP's coverage of President Donald Trump at https://apnews.com/hub/donald-trump.
President Donald Trump speaks during a Mexican Border Defense Medal presentation in the Oval Office of the White House, Monday, Dec. 15, 2025, in Washington. (AP Photo/Alex Brandon)
NEW YORK (AP) — Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers.
“Today the Warner Bros. Discovery Board sent a clear message to you, their stockholders,” the company said in a letter to shareholders. “The WBD Board urges you to reject Paramount Skydance’s unsolicited, inferior and illusory tender offer.”
Paramount went hostile with its bid last week, asking shareholders to reject the deal with Netflix favored by the board of Warner Bros.
Paramount is offering $30 per Warner share to Netflix’s $27.75.
A Warner Bros. merger with either company would alter the landscape in Hollywood and will face intense scrutiny from U.S. regulators as it would impact movie making, consumer streaming platforms and, in Paramount’s case, the news landscape.
Paramount’s bid isn’t off the table altogether. While Wednesday’s letter to shareholders means Paramount’s is not the offer favored by the board at Warner Bros., shareholders can still decide to tender their shares in favor of Paramount’s offer for the entire company — including cable stalwarts CNN and Discovery.
Unlike Paramount’s bid, the offer from Netflix does not include buying the cable operations of Warner Bros. An acquisition by Netflix, if approved by regulators and shareholders, will close only after Warner completes its previously announced separation of its cable operations.
Paramount has claimed it made six different bids that Warner leadership rejected before announcing its deal with Netflix on Dec. 5. Only after that did it take its offer directly to Warner’s shareholders.
Critics of Netflix’s deal say that combining the massive streaming company with Warner’s HBO Max would give it overwhelming market dominance, whereas the Paramount+ streaming service is far smaller.
“This is something that we’ve heard for a long time—including when we started the streaming business,” Netflix co-CEOs Greg Peters and Ted Sarandos said in a filing through Warner Bros. “Our stance then and now is the same—we see this as a win for the entertainment industry, not the end of it.”
Bids from both Netflix and Paramount have raised alarm for what they could mean for film and TV production. While Netflix has agreed to uphold Paramount’s contractual obligations for theatrical releases, critics have pointed to its past business model and reliance on online releases. Yet Paramount and Warner Bros. are two of the “big five” legacy studios left in Hollywood today.
Paramount’s attempt to buy Warner’s cable networks and news business would also bring CBS and CNN under the same roof. In addition to further accelerating media consolidation, that could raise questions about shifts in editorial control — as seen at CBS News both leading up to and following Skydance’s $8 billion purchase of Paramount, which it completed in August.
Paramount Skydance did not immediately respond to a request for comment from The Associated Press early Wednesday.
U.S. President Donald Trump has already been vocal about his future involvement in the deal, indicating that politics will play a role in regulatory approval.
Trump previously said that Netflix’s deal “could be a problem” because of the potential for an outsized control of the market. The Republican president also has a close relationship with Oracle’s billionaire founder Larry Ellison — the father of Paramount’s CEO, whose family trust is also heavily backing the company’s bid to buy Warner.
Affinity Partners, an investment firm run by Trump’s son-in-law Jared Kushner, previously said it would investing in the Paramount deal, too. But on Tuesday, the firm announced that it would be dropping out of the bid.
Foreign sovereign wealth funds of Saudi Arabia, Abu Dhabi and Qatar are also backing Paramount’s bid with billions in funding.
Warner Bros. said that it also feels the offer from Netflix is more solid.
“There are no contingencies, no foreign sovereign wealth funds, and no stock collateral or personal loans,” it said in it's letter to investors. “We are a scaled company with a +$400 billion market cap and a strong investment grade balance sheet. As (Warner Bros.) said, the (Paramount Skydance) offer has “numerous risks and uncertainties” associated with it, among which are (Paramount's) financial condition and creditworthiness.”
Ted Sarandos poses for the World Premiere of the Netflix Series "Emily in Paris" season 5, in Paris, France, Monday, Dec. 15, 2025. (AP Photo/Aurelien Morissard)
FILE - Skydance Media CEO David Ellison attends the premiere of "Fountain of Youth" at the American Museum of Natural History, May 19, 2025, in New York. (Photo by Evan Agostini/Invision/AP, File)
