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Trump issues ‘prognosis’ for US after tariffs in medical metaphor

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Trump issues ‘prognosis’ for US after tariffs in medical metaphor

President Donald Trump on Thursday used a medical metaphor to describe the status of his “reciprocal tariffs” plan implemented on what he dubbed “Liberation Day.”  

“THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING,” Trump wrote on TRUTH Social. “THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!!!” 

The Dow Jones Industrial Average opened more than 1,000 points lower on Thursday morning after Trump unveiled his most severe levy of tariffs yet during a White House Rose Garden ceremony a day earlier, but administration officials remained optimistic in early morning TV interviews. They touted an anticipated impact of onshoring U.S. manufacturing and further bolstering American jobs. 

White House Press Secretary Karoline Leavitt told CNN the United States “is no longer going to be cheated by foreign nations around the world,” reiterating that Trump had declared the issue a “national emergency.” 

SENATE APPROVES RESOLUTION AGAINST TRUMP’S CANADA TARIFFS HOURS AFTER ‘LIBERATION DAY’ EVENT

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President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled “Make America Wealthy Again” at the White House in Washington, D.C., on April 2, 2025. (BRENDAN SMIALOWSKI/AFP via Getty Images)

“We have a $1.2 trillion trade deficit and counting. We’ve had 90,000 factories close in the last couple of decades,” Leavitt told CNN. “Since 1997, Americans have been put out of five million manufacturing jobs. These are not just statistics. These are real American lives that have been impacted. And it’s about time we have a president who actually does something about it. This is going to restore more wealth, more jobs, more economic prosperity to our great country.” 

Leavitt said that the countries targeted by Trump’s reciprocal tariffs have had “70 years to do the right thing by the American people, and they have chosen not to.” 

“They have ripped off American workers. They have taken our jobs overseas,” Leavitt said.

She also told CNN that Trump has already launched a “massive deregulatory agenda” that has “saved the American taxpayer millions of dollars.” Leavvitt said that the president is “unleashing the might of our American energy industry,” arguing that a stifled energy industry drove inflation during former President Joe Biden’s administration. 

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Vice President JD Vance told Fox & Friends on Thursday morning that critics during Trump’s first term warned that tariffs would be inflationary, but instead inflation dipped to 1.5% until the “four terrible years of the Biden administration.” Vance said the “globalist economy” has resulted in the United States “incurring a huge amount of debt to buy things that other countries make for us.” 

An American flag is displayed on the New York Stock Exchange on Monday, Feb. 24, 2025.  (AP Photo/Seth Wenig, File)

“To make it a little bit more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture,” Vance said. “That is not a recipe for economic prosperity. It’s not a recipe for low prices, and it’s not a recipe for good jobs in the United States of America.” 

SOME COUNTRIES TARGETED BY TRUMP TARIFFS SEEK NEGOTIATIONS, CHINA SAYS ‘NO WINNERS IN TRADE WARS’

The vice president said the “Joe Biden globalist pathway” has resulted in the U.S. having $2 trillion in peacetime debt and deficits and manufacturing “disappearing,” promising that Trump is taking the country in a different direction. 

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Addressing criticism from Wall Street following Trump’s “Liberation Day” event in the White House Rose Garden, Vance said, “a lot of people have gotten rich from American jobs moving overseas, but American workers have not gotten rich” and American companies “have not gotten wealthy from the increasing growth of foreign competitors manufacturing overseas.” 

“They charge us ridiculous tariffs. They engage in a lot of non-tariff practices like currency manipulation,” Vance said. “That has been awful for Main Street in the United States of America.” 

President Donald Trump signs two executive orders during a Make America Wealthy Again event in the Rose Garden of the White House on Wednesday, April 2, 2025. (Demetrius Freeman/The Washington Post via Getty Images)

On concerns about tariffs potentially driving up costs, Vance said the administration is “fighting very hard to bring prices down” and usher in “the biggest deregulation in the history of this country.” 

Trump’s Commerce Secretary Howard Lutnick told CBS News that “when tariffs come into place, foreign goods may become a little more expensive, but domestic goods do not.” 

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“For the first time in your lives, you’re going to actually think about the Americans who make the products, the Americans who produce these products and work in these factories,” he said. “It’s time for us to take care of them instead of taking care of the world.” 

Trump said that his administration secured about $5 trillion of committed investment, which Lutnick told CBS meant “people are going to start building factories right now.” 

“That means all that construction work begins now,” Lutnick said, vowing that the president’s plan would build on the 150,000 jobs already added to the U.S. economy in March. “That starts to employ Americans today. You’re going to see plants being built, factories rebuilding. All shifts are going to be running hot across America now. You’re going to see employment leaping starting today.” 

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Video: Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

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Video: Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

new video loaded: Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

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Bill Clinton Says He ‘Did Nothing Wrong’ in House Epstein Inquiry

Former President Bill Clinton told members of the House Oversight Committee in a closed-door deposition that he “saw nothing” and had done nothing wrong when he associated with Jeffrey Epstein decades ago.

“Cause we don’t know when the video will be out. I don’t know when the transcript will be out. We’ve asked that they be out as quickly as possible.” “I don’t like seeing him deposed, but they certainly went after me a lot more than that.” “Republicans have now set a new precedent, which is to bring in presidents and former presidents to testify. So we’re once again going to make that call that we did yesterday. We are now asking and demanding that President Trump officially come in and testify in front of the Oversight Committee.” “Ranking Member Garcia asked President Clinton, quote, ‘Should President Trump be called to answer questions from this committee?’ And President Clinton said, that’s for you to decide. And the president went on to say that the President Trump has never said anything to me to make me think he was involved. “The way Chairman Comer described it, I don’t think is a complete, accurate description of what actually was said. So let’s release the full transcript.”

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Former President Bill Clinton told members of the House Oversight Committee in a closed-door deposition that he “saw nothing” and had done nothing wrong when he associated with Jeffrey Epstein decades ago.

By Jackeline Luna

February 27, 2026

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ICE blasts Washington mayor over directive restricting immigration enforcement

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ICE blasts Washington mayor over directive restricting immigration enforcement

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U.S. Immigration and Customs Enforcement (ICE) accused Everett, Washington, Mayor Cassie Franklin of escalating tensions with federal authorities after she issued a directive limiting immigration enforcement in the city.

Franklin issued a mayoral directive this week establishing citywide protocols for staff, including law enforcement, that restrict federal immigration agents from entering non-public areas of city buildings without a judicial warrant.

“We’ve heard directly from residents who are afraid to leave their houses because of the concerning immigration activity happening locally and across our country. It’s heartbreaking to see the impacts on Everett families and businesses,” Franklin said in a statement. 

“With this directive, we are setting clear protocols, protecting access to services and reinforcing our commitment to serving the entire community.”

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ICE blasted the directive Friday, writing on X it “escalates tension and directs city law enforcement to intervene with ICE operations at their own discretion,” thereby “putting everyone at greater risk.”

Mayor Cassie Franklin said her new citywide immigration enforcement protocols are intended to protect residents and ensure access to services, while ICE accused her of escalating tensions with federal authorities. (Google Maps)

ICE said Franklin was directing city workers to “impede ICE operations and expose the location of ICE officers and agents.”

“Working AGAINST ICE forces federal teams into the community searching for criminal illegal aliens released from local jails — INCREASING THE FEDERAL PRESENCE,” the agency said. “Working with ICE reduces the federal presence.”

“If Mayor Franklin wanted to protect the people she claims to serve, she’d empower the city police with an ICE 287g partnership — instead she serves criminal illegal aliens,” ICE added.

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DHS, WHITE HOUSE MOCK CHICAGO’S LAWSUIT OVER ICE: ‘MIRACULOUSLY REDISCOVERED THE 10TH AMENDMENT’

U.S. Immigration and Customs Enforcement blasted Everett’s mayor after she issued a directive restricting federal agents from accessing non-public areas of city facilities without a warrant.  (Victor J. Blue/Bloomberg via Getty Images)

During a city council meeting where she announced the policy, Franklin said “federal immigration enforcement is causing real fear for Everett residents.”

“It’s been heartbreaking to see the racial profiling that’s having an impact on Everett families and businesses,” she said. “We know there are kids staying home from school, people not going to work or people not going about their day, dining out or shopping for essentials.”

The mayor’s directive covers four main areas, including restricting federal immigration agents from accessing non-public areas of city buildings without a warrant, requiring immediate reporting of enforcement activity on city property and mandating clear signage to enforce access limits.

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BLOCKING ICE COOPERATION FUELED MINNESOTA UNREST, OFFICIALS WARN AS VIRGINIA REVERSES COURSE

Everett, Wash., Mayor Cassie Franklin said her new directive is aimed at protecting residents amid heightened immigration enforcement activity. (iStock)

It also calls for an internal policy review and staff training, including the creation of an Interdepartmental Response Team and updated immigration enforcement protocols to ensure compliance with state law.

Franklin directed city staff to expand partnerships with community leaders, advocacy groups and regional governments to coordinate responses to immigration enforcement, while promoting immigrant-owned businesses and providing workplace protections and “know your rights” resources.

The mayor also reaffirmed a commitment to “constitutional policing and best practices,” stating that the police department will comply with state law barring participation in civil immigration enforcement. The directive outlines protocols for documenting interactions with federal officials, reviewing records requests and strengthening privacy safeguards and technology audits.

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Everett, Wash., Mayor Cassie Franklin issued a directive limiting federal immigration enforcement in city facilities. (iStock)

“We want everyone in the city of Everett to feel safe calling 911 when they need help and to know that Everett Police will not ask about your immigration status,” Franklin said during the council meeting.
”I also expect our officers to intervene if it’s safe to do so to protect our residents when they witness federal officers using unnecessary force.”

Fox News Digital has reached out to Mayor Franklin’s office and ICE for comment.

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Power, politics and a $2.8-billion exit: How Paramount topped Netflix to win Warner Bros.

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Power, politics and a .8-billion exit: How Paramount topped Netflix to win Warner Bros.

The morning after Netflix clinched its deal to buy Warner Bros., Paramount Skydance Chairman David Ellison assembled a war room of trusted advisors, including his billionaire father, Larry Ellison.

Furious at Warner Bros. Discovery Chief David Zaslav for ending the auction, the Ellisons and their team began plotting their comeback on that crisp December day.

To rattle Warner Bros. Discovery and its investors, they launched a three-front campaign: a lawsuit, a hostile takeover bid and direct lobbying of the Trump administration and Republicans in Congress.

“There was a master battle plan — and it was extremely disciplined,” said one auction insider who was not authorized to comment publicly.

Netflix stunned the industry late Thursday by pulling out of the bidding, clearing the way for Paramount to claim the company that owns HBO, HBO Max, CNN, TBS, Food Network and the Warner Bros. film and television studios in Burbank. The deal was valued at more than $111 billion.

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The streaming giant’s reversal came just hours after co-Chief Executive Ted Sarandos met with Atty Gen. Pam Bondi and a deputy at the White House. It was a cordial session, but the Trump officials told Sarandos that his deal was facing significant hurdles in Washington, according to a person close to the administration who was not authorized to comment publicly.

Even before that meeting, the tide had turned for Paramount in a swell of power, politics and brinkmanship.

“Netflix played their cards well; however, Paramount played their cards perfectly,” said Jonathan Miller, chief executive of Integrated Media Co. “They did exactly what they had to do and when they had to do it — which was at the very last moment.”

Key to victory was Larry Ellison, his $200-billion fortune and his connections to President Trump and congressional Republicans.

Paramount also hired Trump’s former antitrust chief, attorney Makan Delrahim, to quarterback the firm’s legal and regulatory action.

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Republicans during a Senate hearing this month piled onto Sarandos with complaints about potential monopolistic practices and “woke” programming.

David Ellison skipped that hearing. This week, however, he attended Trump’s State of the Union address in the Capitol chambers, a guest of Sen. Lindsey Graham (R-S.C.). The two men posed, grinning and giving a thumbs-up, for a photo that was posted to Graham’s X account.

David Ellison, the chairman and chief executive of Paramount Skydance Corp., walks through Statuary Hall to the State of the Union address at the U.S. Capitol on Feb. 24, 2026.

(Anna Moneymaker / Getty Images)

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On Friday, Netflix said it had received a $2.8-billion payment — a termination fee Paramount agreed to pay to send Netflix on its way.

Long before David Ellison and his family acquired Paramount and CBS last summer, the 43-year-old tech scion and aircraft pilot already had his sights set on Warner Bros. Discovery.

Paramount’s assets, including MTV, Nickelodeon and the Melrose Avenue movie studio, have been fading. Ellison recognized he needed the more robust company — Warner Bros. Discovery — to achieve his ambitions.

“From the very beginning, our pursuit of Warner Bros. Discovery has been guided by a clear purpose: to honor the legacy of two iconic companies while accelerating our vision of building a next-generation media and entertainment company,” David Ellison said in a Friday statement. “We couldn’t be more excited for what’s ahead.”

Warner’s chief, Zaslav, who had initially opposed the Paramount bid, added: “We look forward to working with Paramount to complete this historic transaction.”

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Netflix, in a separate statement, said it was unwilling to go beyond its $82.7-billion proposal that Warner board members accepted Dec. 4.

“We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs,” Sarandos and co-Chief Executive Greg Peters said in a statement.

“But this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” the Netflix chiefs said.

Netflix may have miscalculated the Ellison family’s determination when it agreed Feb. 16 to allow Paramount back into the bidding.

The Los Gatos, Calif.-based company already had prevailed in the auction, and had an agreement in hand. Its next step was a shareholder vote.

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“They didn’t need to let Paramount back in, but there was a lot of pressure on them to make sure the process wouldn’t be challenged,” Miller said.

In addition, Netflix’s stock had also been pummeled — the company had lost a quarter of its value — since investors learned the company was making a Warner run.

Upon news that Netflix had withdrawn, its shares soared Friday nearly 14% to $96.24.

Netflix Co-CEO Ted Sarandos arrives at the White House

Netflix Chief Executive Ted Sarandos arrives at the White House on Feb. 26, 2026.

(Andrew Leyden / Getty Images)

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Invited back into the auction room, Paramount unveiled a much stronger proposal than the one it submitted in December.

The elder Ellison had pledged to personally guarantee the deal, including $45.7 billion in equity required to close the transaction. And if bankers became worried that Paramount was too leveraged, the tech mogul agreed to put in more money in order to secure the bank financing.

That promise assuaged Warner Bros. Discovery board members who had fretted for weeks that they weren’t sure Ellison would sign on the dotted line, according to two people close to the auction who were not authorized to comment.

Paramount’s pressure campaign had been relentless, first winning over theater owners, who expressed alarm over Netflix’s business model that encourages consumers to watch movies in their homes.

During the last two weeks, Sarandos got dragged into two ugly controversies.

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First, famed filmmaker James Cameron endorsed Paramount, saying a Netflix takeover would lead to massive job losses in the entertainment industry, which is already reeling from a production slowdown in Southern California that has disrupted the lives of thousands of film industry workers.

Then, a week ago, Trump took aim at Netflix board member Susan Rice, a former high-level Obama and Biden administration official. In a social media post, Trump called Rice a “no talent … political hack,” and said that Netflix must fire her or “pay the consequences.”

The threat underscored the dicey environment for Netflix.

Additionally, Paramount had sowed doubts about Netflix among lawmakers, regulators, Warner investors and ultimately the Warner board.

Paramount assured Warner board members that it had a clear path to win regulatory approval so the deal would quickly be finalized. In a show of confidence, Delrahim filed to win the Justice Department’s blessing in December — even though Paramount didn’t have a deal.

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This month, a deadline for the Justice Department to raise issues with Paramount’s proposed Warner takeover passed without comment from the Trump regulators.

“Analysts believe the deal is likely to close,” TD Cowen analysts said in a Friday report. “While Paramount-WBD does present material antitrust risks (higher pay TV prices, lower pay for TV/movie workers), analysts also see a key pro-competitive effect: improved competition in streaming, with Paramount+ and HBO Max representing a materially stronger counterweight to #1 Netflix.”

Throughout the battle, David Ellison relied on support from his father, attorney Delrahim, and three key board members: Oracle Executive Vice Chair Safra A. Catz; RedBird Capital Partners founder Gerry Cardinale; and Justin Hamill, managing director of tech investment firm Silver Lake.

In the final days, David Ellison led an effort to flip Warner board members who had firmly supported Netflix. With Paramount’s improved offer, several began leaning toward the Paramount deal.

On Tuesday, Warner announced that Paramount’s deal was promising.

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On Thursday, Warner’s board determined Paramount’s deal had topped Netflix. That’s when Netflix surrendered.

“Paramount had a fulsome, 360-degree approach,” Miller said. “They approached it financially. … They understood the regulatory environment here and abroad in the EU. And they had a game plan for every aspect.”

On Friday, Paramount shares rose 21% to $13.51.

It was a reversal of fortunes for David Ellison, who appeared on CNBC just three days after that war room meeting in December.

“We put the company in play,” David Ellison told the CNBC anchor that day. “We’re really here to finish what we started.”

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Times staff writer Ana Cabellos and Business Editor Richard Verrier contributed to this report.

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