🗞️Trust in mass media hits all-time low

October 2nd, 2025

What happened today 🇺🇸,

• Gallup released a poll today that found Americans’ trust in mass media has dropped to a new low of 28%, down from 31% last year and 40% five years ago, marking the first time the measure has fallen below 30%…today about 70% of U.S. adults express “not very much” or “none at all” confidence in newspapers, television, and radio to report the news fully, accurately, and fairly…read more above

• The Trump administration has announced cuts totaling approximately $7.6 billion in grants for clean energy and climate projects across 16 states most of which are Democratic-led…read more here 

• Bari Weiss is expected to be named editor in chief of CBS News as part of a major restructuring by Paramount Skydance, following Paramount's planned acquisition of Weiss's media outlet, The Free Press

• Federal Communications Commission (FCC) Chairman, Brendan Carr, will testify before the Senate Commerce Committee following the backlash over his role in the brief suspension of Jimmy Kimmel’s show

• Two regional Delta Air Lines jets collided at low speed at LaGuardia Airport…the wing of one jet struck the cockpit window and nose of the other, injuring a flight attendant who was taken to the hospital with non-life-threatening injuries and no passengers were harmed

• OpenAI has reached a landmark valuation of $500 billion after completing a $6.6 billion secondary share sale making it the most valuable privately held company in the world

• Berkshire Hathaway has struck an all-cash deal to acquire Occidental Petroleum’s petrochemical division, OxyChem, for $9.7 billion…the acquisition is Berkshire’s largest deal in three years and is seen as a significant move as Warren Buffett plans to step down as CEO later this year

• The average rate for a 30-year fixed mortgage rose slightly to 6.34% from 6.30% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey

• DOW up .17% / S&P up .06%

Bonus: A look at how kids spend their screen time

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