Up First from NPR - US-Iran Tension, Clinton Deposition, Paramount Wins Warner Bros. Bid

Episode Date: February 27, 2026

The U.S. may be on the cusp of striking Iran, even as President Trump has not laid out clear objectives, asked Congress for authorization, or made a full public case for military action.Hillary Clinton sat for a six-hour, closed-door deposition in the House Oversight Committee’s Epstein investigation, and now Bill Clinton is set to testify as Republicans say they still have unanswered questions.And Warner Bros. Discovery abruptly walked away from a deal with Netflix for a sweeter bid from Paramount, setting up a major media merger fight that now heads to antitrust regulators.Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today’s episode of Up First was edited by Rebekah Metzler, Megan Pratz, Gerry Holmes, Mohamad ElBardicy, and Alice Woelfle.It was produced by Ziad Buchh and Nia Dumas.Our director is Christopher Thomas.We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.Our Executive Producer is Jay Shaylor(0:00) Introduction(01:57) US-Iran Tension(05:47) Clinton Deposition (09:30) Paramount Wins Warner Bros. BidTo manage podcast ad preferences, review the links below:See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

President Trump seems to be closer than ever to ordering strikes on Iran. He says he prefers diplomacy, but negotiations are stalled, and the U.S. military is already in place. How soon could the president decide to strike? I'm Michelle Martin. That's A. Martinez, and this is up first from NPR News. Former Secretary of State Hillary Clinton spent six hours on Thursday in a closed-door deposition tied to Congress's Epstein investigation. I don't know how many times I had to say. I did not know. I never went to his island. I never went to his homes. I never went to his offices. Today, former president Bill Clinton answers questions. What are lawmakers trying to accomplish?

And Paramount wins the bidding war for Warner Brothers Discovery beating out Netflix. Stay with us. We've got the news you need to start your day. Greenland has said it is not for sale. Denmark has said it can't even legally sell Greenland. And whether Trump can or will or should try to control or purchase a territory that does not want to be sold is one question, but on Planet Money, we are more interested in how we even got to this moment and how we might gracefully get out of it. Listen to Planet Money on the NPR app or wherever you get your podcasts. Coming up on the Here and Now Anytime podcast, squirrels, ferrets and moose, oh my, climate change is making it harder to be a mammal these days. Our reporting project

reverse course returns with stories of science in action from the frozen Northwoods Minnesota to the desert of Arizona. Listen to here and now anytime wherever you get your podcasts. Mary, what's you reading over there? Oh, hey, Nick. It's the Planet Money Book from NPR. I would love to meet some of the people behind that. Is there any chance that I could do that in the upcoming future?

Nick, you're not going to believe this. The Planet Money team is going on tour. So we will be in a city near you. Tickets and information at Planet Moneybook.com. President Trump continues to hold open the possibility of military strikes on Iran. My preference is to solve this problem through diplomacy. But one thing is certain, I will never allow the world's number one sponsor of terror, which they are by far, to have a nuclear weapon. Can't let that happen.

That was the president at his State of the Union address earlier this week. Talks between the two are supposed to continue next week. NPR White House correspondent Franco Ordonez has been following the president. rhetoric about Iran. So, Franco, what has to happen from Iran's point of view in order for the U.S. not to attack it? You know, the thing A is Trump hasn't really explained what his objectives are. I mean, what does success look like? He also hasn't asked Congress for authorization or taken the opportunity to thoroughly explain to the American people his reasoning. Okay, so what has he said? Well, in his speech, President Trump touched on a few different reasons. I mean, first was

stopping the nuclear program. Second is helping protesters. We promised to back if more were killed. Well, tens of thousands more have been killed. You know, then there is the stopping of the ballistic missile program that he claims are almost able to reach the U.S. What about regime change? Yeah, I mean, that's another possible reason. And, you know, I mean, we should be clear that Trump is not the first president to deal with this Iran issue. I mean, former President Obama was widely criticized for the nuclear deal that he reached. Many saw it as weak and actually empowering of Iran economically. During the George W. Bush years, Iran accelerated its nuclear program. Bush, of course, labeled Iran part of its axis of evil. You know, this has really been an issue since the revolution

in 1979. I mean, Iran had been a modern society and the government was actually an ally to the U.S. The regime, though, that took over was largely built in opposition to the U.S. and to Israel. All right. So then what exactly are the options? And actually, what kind of timeline are we talking about now? I mean, it seems focused on two likely sets of targets. One would be, you know, limited strikes, perhaps against Iran's ballistic missile program or nuclear targets or leadership maybe. A second could be something bigger, a longer campaign aimed at destabilizing or possibly overthrowing the regime. Matthew Kronig, who worked on the Iranian file at the Pentagon, he told me the administration will want to consider Iran's response. noting that Iran's response last time was limited because they knew or probably knew that the U.S. had limited aims.

If I were advising the president and he were determined to follow through on the red line and use force, I would advocate for a more limited strike and communicate to the regime that this is just a limited strike to try to induce them to engage in token retaliation and hope that the conflict can de-escalate. All right. So how soon could all of this happen? Yeah, it could be very soon. The U.S. now has a massive military presence in the Middle East, the largest since the run-up to the Iraq war. The U.S. held a third round of negotiations with Iranian officials in Geneva Thursday, as you noted, and what observers say maybe the last chance to prevent a war, I mean, clearly those meetings are very important. Now, U.S. officials are not saying these meetings are decisive, but they're also expressing a lot of frustration about progress on nuclear talks or lack of progress, but also over the fact that Iran refuses to negotiate on ballistic missiles. And they say that's a, quote, big, big problem. That's White House correspondent Franco Ordonez. Thanks a lot. Thanks, hey.

And for the latest developments between the U.S. and Iran, hit the follow button so you'll get at first delivered straight to your phone. Former Secretary of State Hillary Clinton spent more than six hours in a closed-door deposition in front of the House Oversight Committee on Thursday. The Republican-led committee subpoenaed Hillary Clinton and former President Bill Clinton as part of their investigation into the convicted sex offender Jeffrey Epstein. The Clintons initially resisted testifying, then agreed after being threatened with contempt of Congress. Hillary Clinton has said she did not know Epstein and repeated that to the committee.

Former President Bill Clinton, who was friends with Epstein, appeared in the files a number of times, including in photos with Epstein. He is set to answer questions today. NPR, Sage Miller joins us to break this all down. So, Sage, I mentioned how the meeting was behind closed doors, yet there's a lot of. of information about it that's out in the open. Yeah, there definitely is. And I will say the Clinton's pushed for public depositions, but the committee ultimately rejected that request. Hillary Clinton and the committee did say that they want the video and the transcripts shared as soon as possible, though. Until then, we only have what they told us. So I'll start with what Clinton had to say.

Afterwards, speaking to the press, she reiterated that the hearing should have been open from the get-go. It was disappointing that they refused to hold a public hearing, so I wouldn't have to be out here characterizing it for you. You could have seen it for yourself. But Clinton said she wouldn't do this again, even if it was public. She described the line of questioning as repetitive. I don't know how many times I had to say. I did not know Jeffrey Hepstein. I never went to his island. I never went to his homes. I never went to his offices. By the end of the deposition, Clinton said the committee members started asking off-topic questions about UFOs and the Pizza Gate conspiracy theory, which falsely claimed some high-profile Democrats were involved in a child sex trafficking ring. And Sage, not to belabor the point, but was there supposed to be a picture showing what was happening behind those closed doors? Well, the agreed-upon rules said no photos. But at one point, soon after it started, the committee paused the deposition. That's because a conservative commentator, Benny Johnson, posted a photo on social media of Clinton inside the room where the hearing was taking place, sent by Republican committee member Lauren Bobert. The hearing resumed shortly after, but Clinton did say it was very upsetting that one of the members violated the rules.

Reporters later asked Bober why she sent the photo. She answered, why not? Okay, so how did the members of the committee feel that the deposition went? So we only heard from Republicans after the hearing. While committee chair, Republican James Comer of Kentucky, said it was a productive hearing. He did have some gripes. Here's what he told reporters. There were a lot of questions that we asked, that we weren't satisfied with the answers that we got,

but we will continue to move forward. Comer did say Clinton answered nearly every question the committee asked, even when the answer was this. The number of times that she said, I don't know, you'll have to ask my husband, was more than a dozen. All right, so then to that point, did Hillary Clinton or the committee give any insight into what her husband, Bill Clinton's testimony, will sound like? Just a little bit. Hillary Clinton said her husband will likely talk about how his relationship with Epstein and did several years before Epstein's criminal history came to light. And Comer said the committee has a lot of questions for Bill Clinton, and he's sure today's deposition will last even longer than Hillary's. All right, that's MPR's Sage Miller, Sage. Thanks a lot. Thank you.

There is a winner in the epic Hollywood bidding war for Warner Brothers Discovery, and that winner is David Ellison, the CEO of Paramount. In a stunning turnaround, Warner Brothers Discovery dropped a deal it had already struck with a streaming giant Netflix for an improved offer from Paramount, and Netflix walked away. NPR media correspondent David Fulkin Flick is reporting on this. David, Warner Brothers rejected a lot of offers for Paramount, and what happened? Well, Warner Brothers originally didn't want Paramount to be bid at all.

Paramount triggered all of this by saying we want to take you guys over. And that opened this up. And it struck a deal with Netflix, which the Warner Brothers board and the Warner Brothers vastly preferred, at least initially. Netflix had said, we'll give you a deal valued at $83 billion and take over your streaming assets, your studios, your intellectual property like D.C. Studios, Harry Potter and the like. And we'll spin off your cable channels. Paramount wanted the whole enchilada, the whole McGillah. and ultimately sweetened its deal to a value in excess of about $111 billion.

And yesterday, Warner Brothers Discovery's board said, you know what, that's a better deal. Netflix had four business days to try to top it. Instead, it walked away. It was spooking investors and said, we don't really need it that badly. We're a giant streamer. We'll do fine. 111 billion. That is one meaty enchilada.

So what would Paramount look like now after swallowing Warner Brothers Discovery? Well, think about it. This would be Hollywood behemoth. You'd have Warner Brothers Studios and Paramount Studios under the same roof. You'd have Paramount Plus, the streaming property, which is a bit on the smaller side, paired with HBO Max, one of the dominant streamers coming from Hollywood. You'd have CBS and CBS News with CNN and Comedy Central and Discovery and TBS and a bunch of other properties showing a lot of entertainment and sports.

This is going to be a major player in Hollywood intended. to take on the streamers, not just Netflix, but also Amazon Prime and Apple, to have, you know, a major force to walk into the future of streaming. Yeah. Now, this still has to go through review by antitrust regulators. So what happens with that? Well, it's got to go through review from the U.S. Justice Department, given its combination of enormous media and entertainment assets.

But it's also got to go through regulation in Europe. And, you know, those are not the only ones involved. The state attorney general of California said he, intends not only to review this, but potentially to sue to block this. And there are other interested parties that could weigh in here. So this is usually a very intense and significant scrutiny going on here. And at the same time, you know, we live in a slightly different age. So, David, you mentioned that if this deal closes, Paramount gets to add CNN to what it's getting. It was pretty wild to watch Jake Tapper break this news Thursday on his show on CNN.

So we have some breaking news internationally that affects everybody I'm looking at right now in the studio moments ago, Netflix. Yeah, so David, what changes might David Ellison make to CNN? Well, look, the Ellison's, David Ellison, his father, Oracle co-founder, Larry Ellison, are very close to President Trump. President Trump has made clear he cares very much about what happens to CNN. You've seen the owners of the LA Times, the Washington Post, and the Ellisons themselves at CBS alter and reconfigure their news properties to placate Trump

and his allies in the current moment. And Trump has shown he's willing to interfere. fear with corporate maneuvering like the one we're seeing play out right now. All right. That's NPR's David Fulkenflick, David. Thanks. You bet. And before we go, don't forget to tune in this weekend to the upburst Sunday story. With the rise of prediction markets, you can bet on pretty much anything from the weather to what President Trump will say at his next press conference.

I'm not a fan of Trump, though I do spend most of my day listening to him and tracking what he's doing. MPR's Bobby Allen joins us to explain why prediction markets have suddenly exploded in popularity and who is winning and losing. Listen to the Sunday story right here on MPR's A First Podcast. And that's up first for Friday, February 27. I'm Ame Martinez. And I'm Michelle Martin. Today's episode of A First was edited by Rebecca Metzler, Megan Pratz, Jerry Holmes, Mohamed El Bardisi, and Alice Wolfley. It was produced by Zia Bucch and Nia Dumas. Our director is Christopher Thomas. We get engineering support from Nisha Highness. Our technical director is

Carl A Strange and our executive producer is Jay Shaler. We hope you'll join us again on Monday. Want to hear this podcast without sponsor breaks? Amazon Prime members can listen to Up First sponsor-free through Amazon music. Or you can also support NPR's vital journalism and get Upfirst plus at plus.npr.org. That's plus.npr.org.