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WSJ What’s News

Paramount Muscles Out Netflix for Warner Control

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 27 February 2026

⏱️ 12 minutes

🧾️ Download transcript

Summary

A.M. Edition for Feb. 27. Pakistan declares open war with Afghanistan following a series of cross-border attacks. WSJ correspondent Sune Rasmussen explains why the historically allied neighbours are now fighting and why the conflict could have widespread consequences. Plus, Paramount wins the bidding war for Warner Discovery as Netflix bows out. And Anthropic rejects a Pentagon ultimatum to loosen its AI guardrails. Daniel Bach hosts. Learn more about the software sector’s $1.6 trillion meltdown in the latest episode of the Tech News Briefing podcast. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Pakistan bombs Afghanistan following a series of cross-border attacks.

0:08.0

Plus, Paramount wins the bidding war for Warner Brothers as Netflix bows out.

0:12.9

Netflix dropped out after Paramount had raised its bid to a point where Netflix said,

0:18.0

Uncle.

0:18.9

And Anthropic rejects a Pentagon ultimatum to loosen its

0:22.5

AI guardrails. It's Friday, February 27th. I'm Daniel Bach for the Wall Street Journal,

0:27.9

filling in for Luke Vargas. And here's the AM edition of What's News, the top headlines,

0:32.4

and business stories moving your world today. Pakistan has declared open war with Afghanistan following a series of

0:41.9

cross-border attacks. Pakistan's defense minister said the country's patience had run out after years

0:47.8

of simmering conflict. The country's security forces say they've responded in full force,

0:53.4

striking Taliban hideouts and hitting targets in the Afghan capital Kabul.

0:57.8

According to the Taliban government, there were no casualties.

1:01.6

Journal correspondent Suna Rasmussen has spent years covering the war in Afghanistan.

1:05.9

Suna, just explained to us what's happening this morning.

1:09.1

Yeah, so Pakistan has now officially declared war in Afghanistan

1:12.3

after some cross-border attacks from the Afghan side of the border. This comes in retaliation,

1:19.7

the Taliban have said, to some attacks earlier this month by the Pakistani security forces inside

1:25.0

Afghanistan, which the United Nations, say, killed about a dozen

1:29.3

civilians. But this is part of sort of a longer conflict between the two countries between

1:34.3

Pakistan and the Afghan Taliban government. This can be a little bit confusing. Pakistan says it's

1:40.6

attacked these targets inside Afghanistan to punish what's known as the Pakistani Taliban or the TTP.

1:47.5

And there is a distinction here between the Afghan Taliban and the Pakistani Taliban.

...

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