Paramount Global reached a settlement with Donald Trump in his lawsuit against CBS News, which it owns. The president had claimed that CBS’s “60 Minutes” programme had selectively edited an interview with Kamala Harris in a way that amounted to “substantial news distortion” in the run-up to last year’s election. Many legal observers think the case would not have stood up in court, but Paramount has settled for $16m, to be paid to Mr Trump’s future presidential library. It also relieves the pressure on the media giant’s proposed merger with Skydance Media, which is being scrutinised by the Federal Communications Commission.