Good morning. Billionaires reshape Hollywood, Japan launches digital currency, and your savings account is quietly losing money. What's happening to wealth?

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President Trump arrived in Tokyo Monday seeking a China trade deal after signing agreements with four Southeast Asian nations. Negotiators reached a framework Sunday to pause U.S. tariffs and Chinese rare earths controls. Trump meets Xi Jinping Thursday in South Korea.

Japan secured tariff relief with a $550 billion investment pledge. Prime Minister Sanae Takaichi will meet Trump Tuesday promising U.S. purchases of trucks, soybeans, and gas. Tokyo also plans accelerated defense spending toward 2% of GDP (tariffs, explained).

U.S.-China tensions remain high over tariffs and critical technologies. Neither Washington nor Beijing expects a breakthrough restoring pre-2025 trade terms at Thursday's summit.

▲ Trump Announces Canada Tariff Increase over Reagan Ad ‘Fraud’

David Ellison signed a $7.7 billion UFC deal, lured "Stranger Things" creators from Netflix, and hired Bari Weiss to lead CBS News—all within three months of closing his $8 billion Paramount purchase. The 42-year-old backed by father Larry Ellison has made three rejected bids for Warner Bros. Discovery in six weeks.

Warner Discovery went on the auction block this week after Ellison's pressure. A merger would combine Paramount and Warner studios, Paramount+ and HBO Max streaming services, plus cable networks including CNN and Comedy Central under one entertainment giant.

Paramount announces thousands of layoffs next week. Filmmakers fear a combined company would release fewer movies, potentially making Warner a production label like Disney's downsized 20th Century Fox.

▲ ‘Yellowstone’ Creator Taylor Sheridan to Leave Paramount for NBCUniversal

Japanese startup JPYC launched the world's first yen-pegged stablecoin Monday, backed by savings and Japanese government bonds. The company aims to issue 10 trillion yen ($66 billion) over three years with no transaction fees to boost adoption.

Dollar stablecoins dominate 99% of global supply with Trump administration backing, the Bank for International Settlements reports. Japan's megabanks plan joint stablecoin issuance, Nikkei said. Blockchain stablecoins offer faster, cheaper transactions than traditional payments.

Yen stablecoin adoption may take two to three years, academics say. Bank of Japan warned stablecoins could bypass regulated banking and replace deposits in payments. South Korea and China also exploring national stablecoins. What is a stablecoin?

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Parking six months of expenses in savings guarantees you lose money. The math: 0.5% interest minus 3% inflation = -2.5% annual loss on $30,000.

Why It Fails:

What Actually Works: Split into tiers. One month in checking for instant access. Two months in high-yield savings (4.5-5% APY). Remaining three months in Treasury bills or money market funds (5%+ yields, liquid within days).

The goal isn't maximum safety—it's maximum purchasing power when crisis hits.

Mass General researchers used tri-modal imaging to discover movement and sensory regions stay active during deep sleep while thinking areas power down. The paradox: blood flow increases in sensory zones to detect threats while cerebrospinal fluid flushes waste. Your sleeping brain simultaneously scans for danger and takes out trash.

Read article.

▲ Louvre thieves arrested after DNA evidence cracks $102m crown jewels heist at Paris museum

▲ Cracker Barrel drops $545M as analysis reveals fake bots drove 37% of logo backlash

▲ NYC eliminates $135M medical debt for 75,000 residents under Adams' three-year $2B relief plan

▲ Major employers freeze hiring as JPMorgan, Walmart, Goldman Sachs bet AI automates jobs

▲ Montana investigates Blue Cross Blue Shield breach exposing 462,000 residents' medical data via third-party Conduent

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