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Trump Address, Oscars Snub, and America's Favorite Cookie

President Donald Trump addressed the nation last night. This and more in today's digest.

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Good morning. It's Thursday, Dec. 18, and we're covering President Donald Trump's prime-time address, the Oscars' pivot to the small screen, and much more. First time reading? Join over 4.5 million insatiably curious readers. Sign up here.

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 Need To Know 

 

Trump Addresses Nation

President Donald Trump gave a prime-time address to the nation yesterday to highlight his administration's work on the economy, health care, and immigration. He also announced a $1,776 dividend to every US soldier. The speech came as a recent poll found his approval ratings had reached a two-term low.

The address also followed his announcement that the US military will impose a total blockade on sanctioned oil tankers near Venezuela. The US has 11 warships operating in the Caribbean Sea—its highest naval buildup there since the 1962 Cuban missile crisis. The Trump administration says it is targeting drug-trafficking boats. Trump has also threatened Venezuelan President Nicolás Maduro and reportedly gave him an ultimatum to step down or face further US military intervention.

Separately, the Senate voted yesterday to pass a $901B defense bill that compels Defense Secretary Pete Hegseth to share unedited videos of the recent boat strikes.

 

And the Oscars Go to ...

The Academy Awards will stream exclusively on YouTube from 2029 to 2033, the Academy of Motion Picture Arts and Sciences revealed yesterday. The move ends a decadeslong partnership with ABC after that contract expires in 2028.

Disney (which owns ABC) pays around $100M annually for rights to the Oscars, red carpet coverage, and behind-the-scenes content. The company had been pushing for better terms. Viewership this year stood at 18.1 million, down from a height of 57 million in 1998 following the release of “Titanic.” Over the summer, platforms including NBCUniversal and Netflix entered a bidding war. YouTube reportedly paid over nine figures for the show, besting high-eight-figure offers from competitors. 

YouTube is the world’s most-watched streaming platform with no streaming time limits. The partnership may allow the Academy more flexibility to produce the show without the same restrictions imposed by ABC—and comes as viewership increasingly moves from the big to small screen.

 

Tennessee Williams Radio Play

A little-known radio play written by American playwright Tennessee Williams was published this week by a quarterly mystery magazine.

Before writing “A Streetcar Named Desire” and other acclaimed Broadway dramas, Williams penned “The Strangers” as a University of Iowa student. The 1938 play, set in a haunted manor, was intended to be performed solely with voice. Such plays gained popularity in the 1920s, with the introduction of household radios. By 1930, plays accounted for roughly 14% of radio programming. Horror was a particularly popular genre in the late 1930s, when about 80% of American households owned radios. The year Williams wrote "The Strangers," an estimated 1.7 million people listened to an adaptation of HG Wells’ “The War of the Worlds," and many were fooled into believing a Martian invasion was underway.

Radio shows lost ground to television in the mid-20th century. However, audio-first entertainment has resurged in the 21st century, with podcast monthly listenership increasing from 9% in 2008 to 42% in 2023.

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 In The Know 

 

Sports, Entertainment, & Culture

FIFA announces 2026 World Cup winner will win $50M, up $8M from 2022 World Cup prize, but less than half of this year's Club World Cup award (More

Tennis star Carlos Alcaraz ends seven-year partnership with coach Juan Carlos Ferrero, who helped him secure 24 tour-level titles (More

Amazon MGM Studios drops the first trailer for Melania Trump documentary, premiering Jan. 30; directed by "Rush Hour" series director Brett Ratner, marking his first film since 2017 sexual misconduct and harassment allegations (More, w/trailer) 

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Science & Technology

Google releases Gemini 3 Flash, which more than tripled the benchmark knowledge test score of the previous Flash AI model (More) | ... and enables Gemini web app users to build AI-powered mini apps with Opal software (More)  

> Scientists deduce Saturn's largest moon, Titan, has a slushy layer beneath its ice—not an underground ocean as long assumed; finding could help narrow the search for life on Titan (More

> Paleontologists exploring a cave on the Dominican Republic's island of Hispaniola discover prehistoric bee nests burrowed in bones of other animals; researchers believe the cave holds fossils of several never-before-characterized species (More

Business & Markets

> US stock markets close lower (S&P 500 -1.2%, Dow -0.5%, Nasdaq -1.8%) (More) | Medical supply firm Medline begins trading on Nasdaq after raising around $6.3B in the year's largest initial public offering (More

Warner Bros. Discovery board rejects Paramount's roughly $108B hostile takeover bid for its studios and HBO Max, citing equity credibility concerns and preferring Netflix's $72B bid instead (More

> Oracle shares close down over 5% as Blue Owl Capital reportedly withdraws from funding $10B data center (More

Politics & World Affairs

House passes bill to lower healthcare premiums; bill does not extend enhanced, COVID-19-era subsidies, due to expire Dec. 31 (More) | ... and four Republican congressmen join House Democrats to force separate vote on the subsidies (More

Dan Bongino announces he will resign as deputy director of the FBI next month (More)

Nick Reiner makes first court appearance to face first-degree murder charges over alleged killing of his parents, film director Rob Reiner and Michele Singer Reiner (More) | Police continue search for suspects in killing of MIT professor Nuno FG Loureiro; attack believed to be unrelated to Brown University shooting (More)

In-Depth

> 'Scams, Schemes, and Ruthless Cons'

NY Times | Staff. An investigation into how Jeffrey Epstein—a college dropout—built his fortune through a series of financial maneuvers, revealing his rise into the elite circles of American finance and society. (Read

Disney in Distress 

Smithsonian | Mary Randolph. Disney was on the brink of collapse in the late 1940s, until "Cinderella" became the surprise hit that pulled the studio out of debt and into a Hollywood comeback story. (Read

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 Etcetera 

 

Gingerbread is America’s favorite holiday cookie.

 

What classic holiday toys would cost today.

 

The world’s most and least stressed cities

 

How much do you remember about 2025?

 

Why your pinky toe actually matters.

 

How Americans feel about giving cash as a gift.

 

A look inside the $1M Golden Globe gift bags.

 

How parents are teaching religion to the next generation.

 

Clickbait: Dissecting Christmas's most famous villain.

 

... and want to see something cool? A rare case of polar bear adoption.

 

Historybook: Mayflower arrives at Plymouth Harbor (1620); 13th Amendment formally adopted into the Constitution, abolishing slavery (1865); Steven Spielberg born (1946); Singer Billie Eilish born (2001); Actress Zsa Zsa Gabor dies (2016).

 

 

"You shouldn't dream your film, you should make it!"

- Steven Spielberg

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*Disclosure: This is a paid advertisement for RAD Intel made pursuant to Regulation A+ offering and involves risk, including the possible loss of principal. The valuation is set by the Company and there is currently no public market for the Company's Common Stock. Nasdaq ticker “RADI” has been reserved by RAD Intel and any potential listing is subject to future regulatory approval and market conditions. Please read the offering circular and related risks at invest.radintel.ai.

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