Meta Names Former Trump Adviser As Its New President and Vice Chair

Plus: Paramount escalates its hostile takeover bid for Warner Bros. Discovery. And Google parent Alphabet becomes the latest company to cross the $4 trillion mark. Alex Ossola hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.