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Netflix in talks with the Obamas for 'series of shows'

Former President Barack Obama and first lady Michelle Obama.
Photo: Mark Wilson / Getty Images

Barack and Michelle Obama are in talks with Netflix to do a "series of high-profile shows" on the platform, the New York Times reports.

Why it matters: Per the Times, these shows aren't intended "to directly respond to President Trump or conservative critics," but signal that President Obama "intends to remain engaged in the nation's civic business."

  • It's not clear what the Obamas will be paid, the NYT reports, and the "number of episodes and the formats" are still undecided.
  • Some ideas floated for topics are voting rights, healthcare, and immigration, or to have Michelle speak on nutrition, which was her focus in the White House.
  • Senior adviser to the former President, Eric Schultz, said that as the Obamas "consider their future personal plans, they continue to explore new ways to help others tell and share their stories.”
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Zuckerberg admits Facebook "breach of trust"

Facebook CEO Mark Zuckerberg walks wearing a t-shirt, with trees behind him
Photo: Drew Angerer/Getty Images

Mark Zuckerberg weighed in on what he called the "Cambridge Analytica situation" today in a Facebook post, saying there was a "a breach of trust between Facebook and the people who share their data with us and expect us to protect it. We need to fix that."

"We have a responsibility to protect your data, and if we can't then we don't deserve to serve you. I've been working to understand exactly what happened and how to make sure this doesn't happen again. The good news is that the most important actions to prevent this from happening again today we have already taken years ago. But we also made mistakes, there's more to do, and we need to step up and do it."

Why it matters: Facebook has been under extraordinary pressure from lawmakers, regulators and Wall Street to respond to the issue.

Jonathan Swan 6 hours ago
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Trump to announce anti-China tariffs tomorrow

President Donald Trump
Photo: Kevin Dietsch-Pool/Getty Images

President Trump plans to unveil his aggressive package of tariffs against China tomorrow, with a charge led by U.S. Trade Representative Robert Lighthizer that will use Section 301 of the Trade Act of 1974 to target Beijing.

The big picture: Two sources with direct knowledge tell me Kevin Hassett has been crunching the numbers, and the dollar value of the tariffs will likely be around $50 billion per year — or slightly less. The administration has used an algorithm to select a batch of Chinese products and then apply tariff rates to those products in a way that will hopefully limit the harm to American consumers.