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

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1 • 671 Ratings

🗓️ 12 January 2026

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Why do growing businesses love working in Slack?
0:02.8	Let's ask Christia Ari Bikes.
0:04.6	Running things in Slack saves me so much time.
0:07.3	AI summaries save 97 minutes per week.
0:10.4	What say you?
0:11.4	Rocks from Gosney.
0:12.4	Slack helps us build community.
0:13.9	It helps us build connection.
0:15.2	Your partners, vendors and customers all in one place.
0:18.3	Take us on home, Ashley from Carraway.
0:20.2	If we did have Slack tomorrow,
0:22.2	I would explode. Well, let's not let that happen. Visit Slack.com slash podcast to get 50%
0:27.7	of Slack Business Plus. Here's your midday brief for Monday, January 12th. I'm Alex
0:36.9	Osala for the Wall Street Journal.
0:39.2	Meta has named Dina Powell McCormick, a former advisor to President Donald Trump and veteran Goldman Sachs executive as its new president and vice chair.
0:47.4	The company says that she will help guide meta's overall strategy and execution and work with compute and infrastructure teams on multi-billion-dollar investments.
0:55.7	She's serving in a newly created role and reports directly to CEO Mark Zuckerberg.
1:00.2	President Trump congratulated her on social media.
1:04.2	Paramount is escalating its nearly $78 billion hostile bid for Warner Brothers Discovery.
1:09.3	It says it plans to launch a proxy fight for board seats at Warner and has also filed a lawsuit to force Warner to release details on how it valued the Netflix deal. Paramount has long said its deal is superior to Netflix's $72 billion one. Spokespeople for Netflix and Warner didn't immediately respond to requests for comment.
1:28.7	And Alphabet has become the latest company with a market value of more than $4 trillion.
1:33.8	Investors are rewarding the company's AI gains. Google has pulled ahead with a recent launch of its Gemini 3 model.
	...

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