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Corporation for Public Broadcasting to close after Congress defunds it

WASHINGTON (AP) — The Corporation for Public Broadcasting, a cornerstone of American culture for three generations, announced Friday it would take steps toward its own closure after being defunded by Congress — marking the end of a nearly six-decade era in which it fueled the production of renowned educational programming, cultural content and even emergency alerts.
The demise of the corporation, known as CPB, is a direct result of President Donald Trump’s targeting of public media, which he has repeatedly said is spreading political and cultural views antithetical to those the United States should be espousing. The closure is expected to have a profound impact on the journalistic and cultural landscape — in particular, public radio and TV stations in small communities across the United States.
CPB helps fund both PBS and NPR, but most of its funding is distributed to more than 1,500 local public radio and television stations around the country.
The corporation also has deep ties to much of the nation’s most familiar programming, from NPR’s “All Things Considered” to, historically, “Sesame Street,” “Mister Rogers’ Neighborhood” and the documentaries of Ken Burns.
The corporation said its end, 58 years after being signed into law by President Lyndon B. Johnson, would come in an “orderly wind-down.” In a statement, it said the decision came after the passage through Congress of a package that clawed back its funding for the next two budget years — about $1.1 billion. Then, the Senate Appropriations Committee reinforced that policy change Thursday by excluding funding for the corporation for the first time in more than 50 years as part of a broader spending bill.
“Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations,” said Patricia Harrison, the corporation’s president and CEO.
A last-gasp attempt at funding fails
Democratic members of the Senate Appropriations Committee made a last-ditch effort this week to save the CBP’s funding.
As part of Thursday’s committee deliberations, Sen. Tammy Baldwin, D-Wis., authored but then withdrew an amendment to restore CPB funding for the coming budget year. She said she still believed there was a path forward “to fix this before there are devastating consequences for public radio and television stations across the country.”
“It’s hard to believe we’ve ended up in the situation we’re in,” she said. “And I’m going to continue to work with my colleagues to fix it.”
But Sen. Shelley Moore Capito, R-W.Va., sounded a less optimistic tone.
“I understand your concerns, but we all know we litigated this two weeks ago,” Capito said. “Adopting this amendment would have been contrary to what we have already voted on.”
CPB said it informed employees Friday that most staff positions will end with the fiscal year on Sept. 30. It said a small transition team will stay in place until January to finish any remaining work — including, it said, “ensuring continuity for music rights and royalties that remain essential to the public media system.”
“Public media has been one of the most trusted institutions in American life, providing educational opportunity, emergency alerts, civil discourse, and cultural connection to every corner of the country,” Harrison said. “We are deeply grateful to our partners across the system for their resilience, leadership, and unwavering dedication to serving the American people.”
The impact will be widespread
NPR stations use millions of dollars in federal money to pay music licensing fees. Now, many will have to renegotiate these deals. That could impact, in particular, outlets that build their programming around music discovery. NPR President and CEO Katherine Maher estimated recently, for example, that some 96% of all classical music broadcast in the United States is on public radio stations.
Federal money for public radio and television has traditionally been appropriated to the Corporation for Public Broadcasting, which distributes it to NPR and PBS. Roughly 70% of the money goes directly to the 330 PBS and 246 NPR stations across the country, although that’s only a shorthand way to describe its potential impact.
Trump, who has called the CPB a “monstrosity,” has long said that public broadcasting displays an extreme liberal bias, helped create the momentum in recent months for an anti-public broadcasting groundswell among his supporters in Congress and around the country. It is part of a larger initiative in which he has targeted institutions — particularly cultural ones — that produce content or espouse attitudes that he considers “un-American.” The CPB’s demise represents a political victory for those efforts.
His impact on the media landscape has been profound. He has also gone after U.S. government media that had independence charters, including the venerable Voice of America, ending that media outlet’s operations after many decades.
Trump also fired three members of the corporation’s board of directors in April. In legal action at the time, the fired directors said their dismissal was governmental overreach targeting an entity whose charter guarantees it independence.
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Lululemon (LULU) Q2 2025 earnings

Sign at the entrance to the Lululemon store in Midtown Manhattan.
Erik Mcgregor | Lightrocket | Getty Images
Lululemon shares plunged in extended trading Thursday after the company gave a much worse than expected full-year outlook.
The company topped second-quarter earnings estimates but slightly missed revenue expectations. But it said it expected tariffs to hit its full-year profits by $240 million.
Lululemon said it expects full fiscal year earnings of $12.77 to $12.97 per share, well below Wall Street estimates of $14.45 per share. It also anticipates full-year revenue of $10.85 billion to $11 billion, compared with Wall Street expectations of $11.18 billion.
“We are facing yet another shift today within the industry related to tariffs and the cost of doing business,” CEO Calvin McDonald said on a call with analysts. “The increased rates and removal of the de minimis provisions have played a large part in our guidance reduction for the year.”
Here’s how the company did for its second quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $3.10 vs. $2.88 expected
- Revenue: $2.53 billion vs. $2.54 billion expected
Shares of the company sank more than 10% after the bell Thursday. The stock is down more than 45% this year.
Programming note: Lululemon CEO Calvin McDonald will be interviewed exclusively on CNBC’s “Squawk on the Street” on Friday.
The company reported second-quarter net income of $370.9 million, or $3.10 per share, compared to $392.92 million, or $3.15 per share, in the year-ago period. Gross margin decreased 1.1 percentage points to 58.5%, and operating margin decreased 210 basis points to 20.7%.
Same-store sales in the Americas were down 4%. Overall comparable sales increased just 1% compared to Wall Street estimates of 2.2%. Lululemon said it added 14 net new stores during the second quarter, bringing its total to 784 stores.
It projects third-quarter revenues will be between $2.47 billion and $2.50 billion compared to Wall Street estimates of $2.57 billion. The company said it expects earnings per share in the next quarter to be between $2.18 and $2.23 per share, compared to an estimate of $2.93 per share.
McDonald said on the Thursday call that he believes the company has let its product lifecycles “run too long,” particularly in its lounge and social categories.
“We have become too predictable within our casual offerings and missed opportunities to create new trends,” he said.
“Our lounge and social product offerings have become stale and have not been resonating with guests,” McDonald added.
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RFK Jr. faced tough hearing on vaccines, CDC changes : Shots

Health and Human Services Secretary Robert F. Kennedy Jr. arrives to testify before the Senate Finance Committee at the Dirksen Senate Office Building on September 4, 2025 in Washington, DC.
Andrew Harnik/Getty Images
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In a contentious Senate hearing marked by raised voices and heated exchanges, Health and Human Services Secretary Robert F. Kennedy Jr. faced calls to resign from Democrats and unexpected criticism from Republicans.
Several Republican senators brought up the legacy of President Donald Trump’s Operation Warp Speed, which sent a safe COVID vaccine to the public in record time, helping save millions of lives. They pushed Kennedy to explain his current approach to the shots and mRNA technology.
Under his leadership, the health agency cancelled hundreds of millions of dollars in research funding on mRNA technology for future vaccines, and the Food and Drug Administration limited access to the COVID shots, saying only people at high risk of complications from COVID or those over 65.
“President Trump deserves a Nobel Prize for Operation Warp Speed,” said Sen. Bill Cassidy, a Louisiana Republican and physician, whose vote was critical in Kennedy’s confirmation. He demanded Kennedy explain his changing stance on COVID vaccines, and said: “effectively, we’re denying people vaccine” — an assertion echoed by many physicians’ groups including the American Association of Pediatrics and the American Medical Association.
Cassidy had exacted assurances from Kennedy during his confirmation process in February that he would not restrict Americans’ access to vaccines, a promise the senator now accuses Kennedy of violating. Kennedy fired the entire 17-member Advisory Panel on Immunization Practices at the Centers for Disease Control and Prevention, replacing them with members Cassidy argued are largely unscientific vaccine skeptics with vested financial interests in suing vaccine makers.
Another Republican physician on the Senate Finance Committee, Dr. John Barrasso of Wyoming, joined Democrats in criticizing Kennedy for undermining vaccines.
“In your confirmation hearings, you promised to uphold the highest standards for vaccines. Since then, I’ve grown deeply concerned,” Barrasso told Kennedy at the hearing. “I’ve been hearing from many of my medical colleagues, and there are real concerns that safe, proven vaccines like measles, like hepatitis B and others, could be in jeopardy and that would put Americans at risk and reverse decades of progress.”
He accused Kennedy of politicizing vaccines further, and undermining public health.
CDC leadership change debated
Kennedy hotly defended his decisions and statements on vaccines and on changes at the CDC, arguing the agencies have historically relied on bad data.
“These changes were absolutely necessary adjustments to restore the agency to its role as the world’s gold standard public health agency,” he said. He claimed he had the backing of “scientists and doctors are supporting me all across the country.”
Senators also repeatedly asked Kennedy about his decision to push out newly confirmed CDC chief Susan Monarez. Though she was his own pick to lead the agency, he said Monarez was lying when she claimed she was fired from that job after only a month for insisting on rigorous scientific review.
In response to questions from Warren, Kennedy said: “I told her she had to resign because I asked her, ‘Are you a trustworthy person?’ And she said, ‘No.'”
Trump administration allies like Republican Ron Johnson of Wisconsin rushed to his defense, calling the senators’ pointed questions “abuse,” and lauding Kennedy for his attempts to overhaul health agencies.
Vaccine access arguments
Kennedy’s seven-and-a-half month tenure as Health Secretary is roiling the fields of science and health. His early sweeping changes included mass layoffs across the federal health and science agencies, from the FDA to the CDC to the National Institutes of Health.
Democratic senators took issue with these and other changes, as they and Kennedy accused each other of lying and manipulating data to serve political ends.
The committee’s ranking Democratic member Sen. Ron Wyden criticized Kennedy’s approach to vaccines: “I think Secretary Kennedy is dead set on making it harder for children to get vaccines and that kids are going to die because of it,” he said.
Sen. Elizabeth Warren, Democrat from Massachusetts, challenged Kennedy to “honor your promise that you made when you were looking to get confirmed” not to take away vaccines from people who want them. She said his recent moves to change the classification of the COVID vaccine do just that.
In response, Kennedy said “everybody can get access to them” for free, including those on Medicare and Medicaid, though the many contradictory statements have left many patients, doctors and insurers confused.
Kennedy said it was unclear the COVID vaccine had saved millions of lives — a data point generally accepted by scientists and doctors. But he also seemed to backtrack on assertions that he is “anti-vaccine,” arguing that there remain some unknown risks, even with long-approved vaccines.
“Saying I’m anti-vaccine is like saying I’m anti-medicine,” Kennedy said, arguing he just wants more research to look into possible risks. “It doesn’t mean that I’m, you know, anti-vax. It just means I’m pro-science.”
His argument didn’t appear to sway the Democratic senators in attendance, with several calling for Kennedy to resign throughout the hearing.
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2026 Movie Plot, Cast Details Revealed

Street Fighter — and its parent studio Legendary — have a new place to call home.
Legendary has inked a three-year pact with Paramount to distribute its movies, with the Capcom video game adaptation Street Fighter the first out of the gate. The Kitao Sakurai-directed feature now has a release date of Oct. 16, 2026.
The film is currently in production, with Paramount and Legendary releasing the first plot details for the movie, which will be set in 1993, the year the popular game Street Fighter II hit arcades.
Here’s the new logline: “Set in 1993, estranged Street Fighters Ryu (Andrew Koji) and Ken Masters (Noah Centineo) are thrown back into combat when the mysterious Chun-Li (Callina Liang) recruits them for the next World Warrior Tournament: a brutal clash of fists, fate, and fury. But behind this battle royale lies a deadly conspiracy that forces them to face off against each other and the demons of their past. And if they don’t, it’s GAME OVER!”
The Legendary deal, now official, was reported to be in talks on Aug. 18 and comes after its output deal with Sony expired at the end of 2024. Legendary’s former partner Warner Bros. will continue to distribute key franchises such as the eventual sequel to the nearly $1 billion hit A Minecraft Movie, as well as 2026’s third Dune and 2027’s Godzilla x Kong: Supernova.
The Street Fighter movie has a sprawling cast, including Noah Centineo as Ken Masters, Andrew Koji as Ryu, Callina Liang as Chun-Li, Joe “Roman Reigns” Anoa’i as Akuma, David Dastmalchian as M. Bison, Cody Rhodes as Guile, Andrew Schulz as Dan Hibiki, Eric André as Don Sauvage, Vidyut Jammwal as Dhalsim, with Curtis “50 Cent” Jackson as Balrog and Jason Momoa as Blanka.
It also stars Orville Peck as Vega, Olivier Richters as Zangief, Hirooki Goto as E. Honda, Rayna Vallandingham as Juli, Alexander Volkanovski as Joe, Kyle Mooney as Marvin and Mel Jarnson as Cammy.
“Legendary has built a reputation for ambitious, globally appealing films, and we’re excited to be partnering with them. Street Fighter is the perfect start to our collaboration, which we believe will be strong and lasting,” said Josh Greenstein, co-chair of Paramount Pictures and vice chair of platforms, and Dana Goldberg, Co-Chair of Paramount Pictures and Chair of Paramount Television.
Added Legendary CEO Josh Grode: “Partnering with David, Dana and Josh and their teams at Paramount marks an exciting new chapter for Legendary as we continue to pursue a diversified growth strategy—expanding our output, building new franchises, and creating more films for global audiences. This partnership is an extraordinary opportunity, and we look forward to working closely with Paramount on stories that will captivate and inspire moviegoers worldwide.”
This is just one of many key early moves made by David Ellison’s new Paramount, which lured Stranger Things creators the Duffer Bros. from Netflix, inked a $7.7 billion deal for UFC rights, and signed Will Smith’s Westbrook to a first-look film deal.
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