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Friday, August 15, 2025

CBS News boss preps ‘Evening News’ shakeup

 The president of CBS News is preparing for a sharp-elbowed shakeup of the network’s struggling “Evening News” broadcast — even as his own job appears to be in jeopardy, The Post has learned.

Tom Cibrowski — a former top executive at ABC who was lured to CBS in March — is poised as soon as this week to eliminate one of the nightly broadcast’s two anchors, either John Dickerson or Maurice DuBois, sources said.

At the same time, insiders said Cibrowski looks ready to oust “Evening News” executive producer Guy Campanile — a gruff Yonkers native and veteran of “60 Minutes” who lately has locked horns with his new boss, according to sources.

Tom Cibrowski — a former top executive at ABC who was lured to CBS in March — is poised as soon as this week to eliminate one of the nightly broadcast’s two anchorsGetty Images

“Guy thinks he knows better than Tom” — and may soon get kicked back to “60 Minutes” under the show’s newly installed executive producer, Tanya Simon, one source said. 

Insiders said Cibrowski appears to making a play to keep his job with a series of bold, 11th-hour moves as CBS parent Paramount closes its merger with the Hollywood studio Skydance. They added, however, that Cibrowski may simply end up as a hatchet man for incoming bosses — before he ends up a casualty himself.

As previously reported by The Post, Cibrowski has also gotten static from “CBS Mornings” executive producer Shawna Thomas — a close ally of network star Gayle King — and her job could be on the line, too, insiders told The Post.

CBS News declined to comment.

As reported by The Post, Jeff Shell, the new president of the merged Skydance-Paramount, said last week that he was interviewing news executives for Cibrowski’s job. That comes after rumors that Skydance CEO David Ellison is in talks with journalist Bari Weiss, as well as former CBS News president David Rhodes, to join the network. 

At the “Evening News,” insiders said DuBois looked poised to land the sole anchor spot. A former WCBS New York local anchor, sources said Dubois has appeared better-suited for the job than Dickerson, who is better known for his political reporting chops.

John Dickerson or Maurice DuBois could be on the chopping block, according to sources.Richard Shotwell/Invision/AP

The co-hosts have “lacked chemistry” and seemed out of their depth covering international news such as the death of Pope Francis. But one high-level exec blamed poor ratings on a leadership vacuum.

“There’s a lack of support, a lack of focus and differing perspectives on what the show should be,” the person said, adding that the “insecurity and lack of confidence shows up on the screen.”

A key issue has been the April exit of longtime “60 Minutes” executive producer Bill Owens — who on his way out aired gripes about the show’s editorial independence as Paramount faced a lawsuit from President Trump over the show’s editing of an interview with Kamala Harris.

Maurice DuBois with Norah O’Donnell.CBS

Before his exit, Owens had been tapped by then-CBS News President Wendy McMahon to revamp the “Evening News”. He assigned Campanile to emphasize longer, “60 Minutes”-style features. The strategy flopped amid the rapid-fire news cycles of the early Trump administration.

Nevertheless, Campanile — who insiders said is expected to be replaced by “Evening News” senior producer Kim Harvey — has continued to crank out the features despite Cibrowski’s demands for more straight news, sources said.

“Now, the show and the team feel rudderless. If you’re going to do something different, you need to do it with confidence and assurance and this team has none of that,” the source said. “They are alone. They feel it and the viewers feel it.”

Rumors are swirling that Skydance CEO David Ellison is in talks with journalist Bari Weiss, as well as former CBS News president David Rhodes, to join the network. CBS via Getty Images

The source pointed to “an idiotic” July 31 piece on the rise in popularity of astrology – a segment that took up a precious 3 minutes – on a newsy day filled with headlines on President Trump’s trade tariffs and deadly flash floods in Texas.

“That was Guy’s arrogance,” a CBS insider said of the astrology report. “The only people who think the show is journalistically great is Guy and the senior producers.”

Feathers likewise got ruffled by an “insulting gift” that Owens and Campanile had given Cibrowski upon his spring arrival — a “Bible of Broadcasting” that was a primer on CBS storytelling and what makes it unique versus the competition. 

Inside the halls of Tiffany Network, the “Evening News” has been ripped for “how unwatchable it is,” a CBS source said.Christopher Sadowski

Cibrowski — who spent 30 years at top-ranked ABC News where he oversaw shows including “Good Morning America,” “World News Tonight,” “Nightline” and “20/20” — found the gift “ridiculous,” a third source said.

Inside the halls of Tiffany Network, the “Evening News” has been ripped for “how unwatchable it is,” a CBS source said. One former exec was flummoxed by McMahon and Owens’ decision to use two anchors, calling it a “two-headed monstrosity.” 

Relaunched under McMahon, who ousted then-anchor Norah O’Donnell, the “Evening News” ratings last year had hovered between 4.5 million and 5 million viewers. After DuBois and Dickerson took over in January, ratings have regularly slumped below 4 million total viewers.

https://nypost.com/2025/08/15/media/cbs-news-boss-preps-evening-news-shakeup-even-as-his-own-job-may-be-at-risk-sources/

OpenAI staffers to sell $6 billion in stock to SoftBank, other investors, Bloomberg News reports

 Present and former OpenAI employees are looking to sell nearly $6 billion worth of the ChatGPT maker's shares to an investor group comprising SoftBank Group, among others, valuing it at $500 billion, Bloomberg News reported on Friday.

https://finance.yahoo.com/news/openai-staffers-sell-6-billion-212933973.html

Enterprise says Seaway oil pipeline system resumes full operations after leak

 Enterprise Products Partners said on Friday the Seaway crude oil pipeline system had resumed full operations after a leak from the company's oil terminal in southeast Houston earlier this week.

A portion of the Seaway pipeline went down on Tuesday night, impacting crude oil flows on the pipeline, which runs from Cushing, Oklahoma, to the Freeport, Texas, area and connects to the Enterprise Crude Houston (ECHO) terminal.

The restart process occurred in stages and the pipeline began to transport volumes late on Thursday, the company said, declining to provide details on how many barrels were impacted by the leak.

The price of West Texas Intermediate crude at the East Houston terminal, called MEH, traded at a $1.25 premium to WTI at Cushing on Thursday, about 45 cents higher than on Monday, before the leak occurred.

The ECHO terminal is a physical delivery point for Midland crude oil in Houston and provides crude oil storage to customers with access to major refineries along the Texas Gulf Coast. The facility has connections to marine terminals that in turn supply other domestic and international refineries.

The Seaway pipeline is a 50-50 joint venture between Enterprise, which operates the line, and Canada's Enbridge.

https://finance.yahoo.com/news/seaway-crude-oil-pipeline-system-141712413.html

First two Venezuelan oil cargoes by Chevron after license depart to US

 Chevron has dispatched the first two Venezuelan crude cargoes to the U.S. since Washington restored its license to operate in the sanctioned nation last month. The Mediterranean Voyager and Canopus Voyager left Venezuelan waters on Friday loaded with Hamaca and Boscan heavy crudes, bound for the U.S. West Coast and Port Arthur, Texas, respectively.

The move signals a tentative reopening of trade flows that had been abruptly halted earlier this year when the White House revoked Chevron’s license, triggering a 20% drop in Venezuela’s exports and straining its already battered oil sector. The reinstated license carries a crucial caveat: no revenues can flow to the Maduro government, an attempt to walk the line between sanctions enforcement and U.S. supply needs.

Heavy Venezuelan grades remain prized by U.S. Gulf refiners for their compatibility with coking units designed to run on similar slates from Mexico and Canada. With Mexico cutting heavy crude exports and Canada’s pipeline flows constrained, Chevron’s return could ease sourcing headaches for refiners like Valero, which is reportedly negotiating a supply deal for part of Chevron’s share.

From a geopolitical lens, the renewed exports underscore how U.S. energy security concerns can override hardline sanction stances, especially when domestic refiners face feedstock imbalances. This is not a floodgate moment—Chevron CEO Mike Wirth has emphasized small initial volumes—but even modest Venezuelan flows could shift trade dynamics in the Gulf Coast heavy crude market.

For Venezuela, Chevron’s return offers a rare injection of operational stability and export certainty in a sector crippled by years of underinvestment and sanctions. Yet with exports still hovering near 700,000 bpd—well below pre-crisis levels—the structural limitations of PDVSA’s infrastructure remain a ceiling.

https://oilprice.com/Latest-Energy-News/World-News/Venezuelan-Crude-Oil-On-Its-Way-to-the-US.html

Novo Nordisk's Wegovy gets accelerated US FDA approval for liver disease MASH

 Novo Nordisk today announced that the US Food and Drug Administration (FDA) has approved an additional indication for Wegovy® (semaglutide 2.4 mg) based on a supplemental New Drug Application (sNDA) for treatment of noncirrhotic metabolic dysfunction-associated steatohepatitis (MASH) in adults with moderate to advanced liver fibrosis (consistent with stages F2 to F3 fibrosis), in combination with a reduced calorie diet and increased physical activity.

The accelerated approval is based on part 1 of the ESSENCE trial, in which Wegovy® demonstrated a statistically significant and superior improvement in liver fibrosis with no worsening of steatohepatitis, as well as resolution of steatohepatitis with no worsening of liver fibrosis compared to placebo.

The clinical data from ESSENCE showed that at week 72, 36.8% of people treated with Wegovy® achieved improvement in liver fibrosis with no worsening of steatohepatitis compared to 22.4% treated with placebo. 62.9% of people treated with Wegovy® achieved resolution of steatohepatitis with no worsening of liver fibrosis compared to 34.3% treated with placebo.

“Wegovy® is now uniquely positioned as the first and only GLP-1 treatment approved for MASH, complementing the already proven weight loss, cardiovascular benefits and extensive body of evidence linked to semaglutide,” said Martin Holst Lange, executive vice president, chief scientific officer and head of Research and Development, at Novo Nordisk. “MASH represents a significant health burden, with one in three people with overweight or obesity worldwide affected. In the US alone, around 22 million people are estimated to live with MASH. With the approval of Wegovy® for MASH, we provide a new treatment to people living with MASH that not only halts the disease activity but helps reverse the damage caused to the liver.”

As of today, Wegovy® is available in the US for the treatment for MASH.

https://finance.yahoo.com/news/novo-nordisk-wegovy-approved-us-212300114.html

In split decision, court clears Trump to restart CFPB mass firings

 A divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had lacked jurisdiction in temporarily blocking this.

However, the U.S. Court of Appeals for the District of Columbia Circuit said its decision would not take immediate effect, allowing lawyers representing CFPB workers and pro-consumer organizations to seek reconsideration by the full court of appeals, meaning any dismissal notices were likely to have to wait for now.

The decision nevertheless imperiled the employment of perhaps 1,500 workers at the CFPB whose mass firing was blocked in April by a trial court, which found the attempted purge violated a March injunction temporarily halting the administration's efforts to shut the CFPB down.

Attorney General Pam Bondi hailed the decision, saying on the social network X that it marked "another win for President Trump" and would free the CFPB "to right-size itself." She also referred to "our effort to dismantle" the agency, though the administration has asserted in court they plan to let it live on in some reduced form.

Jennifer Bennett, an attorney for the plaintiffs, said the decision threatened to leave the public unprotected from the misdeeds of bad actors in the market for consumer finance.

“Without the full force of the Consumer Financial Protection Bureau - an agency Congress created specifically to protect consumers - millions will lose critical safeguards against predatory financial practices. If this decision is allowed to stand, it will shift the balance of power toward corporations at the expense of American families’ financial security," Bennett said in a statement without addressing plans for further appeal.

In the ruling, U.S. Circuit Court Judge Gregory Katsas, who was joined by Circuit Judge Neomi Rao, said that, despite factual findings that the Trump administration intended to destroy the CFPB, the lower court had acted outside its authority.

"We hold that the district court lacked jurisdiction to consider the claims predicated on loss of employment, which must proceed through the specialized-review scheme" under laws governing the civil service, Katsas wrote for the majority. 

Other objections raised by the plaintiffs did not concern final decisions made by the agency and so could not be reviewed in court, according to Katsas and Rao, both Trump appointees.

In a dissent, Circuit Judge Cornelia Pillard said the lower court had acted properly in blocking the Trump administration from eradicating the CFPB entirely as the lawsuit played out.

"But it is emphatically not within the discretion of the President or his appointees to decide that the country would benefit most if there were no Bureau at all," wrote Pillard, who was appointed by former President Barack Obama.

Two watchdog organizations, the Federal Reserve's inspector general and Congress's Government Accountability Office, launched investigations earlier this year into the Trump administration's actions at the CFPB.

In her own post on X, Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee and an early driver in the CFPB's creation, said the court had wilfully ignored the Trump administration's "lawless attempt" to destroy the agency. But she noted officials were still barred from resuming mass firings for now: "The fight continues." 

Congress created the CFPB in the wake of the 2008 financial crash to police consumer finance industries whose activities generated the toxic assets underlying that crisis. Conservatives and industrial lobbies have long reviled the agency, accusing it of weighing on free enterprise and acting outside the bounds of the law to pursue politicized enforcement.   

https://denvergazette.com/news/nation-world/in-split-decision-court-clears-trump-to-restart-cfpb-mass-firings/article_1afa0b21-5eea-57bb-828a-fc8b7efd89e4.html

Tonix FDA ok of Tonmya™ (cyclobenzaprine HCl sublingual tablets) for Fibromyalgia

 Tonmya is the first FDA-approved therapy for the treatment of fibromyalgia in over 15 years

Fibromyalgia is a chronic pain condition that affects more than 10 million adults in the U.S. who are mostly women

Two Pivotal Phase 3 studies demonstrated Tonmya significantly reduced fibromyalgia pain compared to placebo; generally well tolerated

https://finance.yahoo.com/news/tonix-pharmaceuticals-announces-fda-approval-194400374.html