🇺🇸 Biden steps out of Presidential race

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TOP STORY
🇺🇸 Joe Biden has dropped out of the presidential election

In a shocking yet understandable decision, President Biden and the Democratic Party decided it was best for him to step aside.

“It has been the greatest honor of my life to serve as your President. And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.”

— Joe Biden on X

Subsequently, Biden endorsed Vice President Kamala Harris to succeed him.

• “My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President.”

• “Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year.”

In addition to Biden, Democratic legends Bill and Hillary Clinton have endorsed Harris as well.

Here’s a longer list of Harris’s endorsers:

• Rep. Nancy Pelosi - Former Speaker of the House

• Sen. Elizabeth Warren - U.S. Senator from Massachusetts

• Rep. Jim Clyburn - U.S. Representative from South Carolina

• Gavin Newsom - Governor of California

• Pete Buttigieg - U.S. Secretary of Transportation

• Gov. Andy Beshear - Governor of Kentucky

• Gov. JB Pritzker - Governor of Illinois

• Gov. Gretchen Whitmer - Governor of Michigan

• Sen. Patty Murray - U.S. Senator from Washington

• Sen. Amy Klobuchar - U.S. Senator from Minnesota

• Gov. Katie Hobbs - Governor of Arizona

Notably, Barack Obama did NOT endorse Harris as Biden’s successor.

But Harris, as the Democratic nominee, isn’t a shoo-in.

DNC Chair Jaime Harrison said in a statement that the party will be taking a “transparent and orderly process to move forward” to choose the deserving nominee.

It’s not exactly clear what happens next for the Democrats, but it seems their only goal is to take down the bulletproof man, Donald Trump.

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SOCIAL MEDIA
📱 Reddit is diving deep into sports

Reddit has struck deals with the NFL, NBA, and MLB to show game highlights, behind-the-scenes videos, and AMA sessions with players.

• The plan is for these partnerships to boost Reddit’s revenue just a few months after the company went public.

• In exchange for the content, advertisers like Samsung, Ford, Volkswagen, and FanDuel can show ads alongside the sports videos.

• Reddit will then share the ad revenue with the sports leagues.

• PGA Tour and NASCAR are also partnering with Reddit.

So the major leagues get some extra cash, and Reddit gets some more unique content.

This partnership actually began during the 2023–2024 season with Pro Bowl players and NFL schedule planners.

ENTERTAINMENT
🏀 Warner Bros. Discovery will match Amazon’s bid for NBA games

Warner Bros. Discovery (TNT) has told the NBA it will match Amazon’s bid for a package of games.

Amazon’s bid for about $1.8 billion per year is a streaming-only package, while WBD’s current “TNT Sports” televises the games on TNT and also streams them on Max.

The deal is also structured so that Amazon will pay the NBA three years of rights payments up front, which will be held in escrow, or a roughly $5.4 billion check.

A move that was meant to block WBD’s match. Damn, TNT trying to pull off a real David and Goliath.

But can they even do that?

Technically, they can offer as much as they want, but the NBA still has to decide to allow WBD to match the deal.

• Disney will remain the NBA’s partner for the “A” package, including the NBA Finals.

• NBC Sports is in line to get the “B” package for around $2.5 billion annually.

• Amazon will get the “C” package for about $1.8 billion annually.

What happens next? The two most plausible outcomes are a settlement or a lawsuit from WBD.

• A settlement could involve a deal, like a small fourth rights package for TNT Sports or a cash payment to WBD.

• If the league rejects the match outright, WBD might sue to have a judge decide what qualifies as a "match" in rights.

Let the media battle commence!