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A simple guide to what happened, why it matters, and what else was going on in the world of news and entertainment.
On a Friday and Saturday, something happened at Fox News that almost never happens: they apologized.
If you’ve been paying attention, you might know that Fox News paid a massive $787 million (that’s almost $800 million!) to settle a lawsuit about false claims they made during the 2020 election. Even after writing that giant check, the network had refused to say "sorry."
But this time, they did.
Back in May, a famous investor named Kevin O’Leary (you might know him as "Mr. Wonderful" from the TV show Shark Tank) went on Fox Business (a sister channel of Fox News) for an interview with host Maria Bartiromo.
During that interview, O’Leary wore a hat that said "Utah National Security" and made some very serious accusations. He claimed that people and groups who were against his data center project in Utah (called the Stratos Project) were secretly working for the Chinese government.
He specifically named real people and organizations:
He said these people were "proxies for the Chinese government" trying to stop America from building A.I. technology. But here’s the problem — he had no evidence. He only said his staff had done a "deep dig into IP addresses" (which is basically looking at where internet activity comes from — not proof of anything).
Then, in June, O’Leary suddenly changed his tune. He posted a statement on social media saying:
"I have no evidence that Alliance for a Better Utah, Elevate Strategies, Gabrielle Finlayson, Taylor Knuth, or Josh Kanter are funded by China or the Chinese Communist Party."
In other words — he admitted he was wrong and had no proof.
Once O’Leary admitted he had no evidence, Fox News was stuck in a really uncomfortable position. They had aired those accusations, and now the person who made them was saying they weren’t true.
So Maria Bartiromo interrupted her own show to correct what was said on air. She said Fox News was also aware of no evidence that the named people or groups were connected to China, and then she said the magic words:
"Fox News Media apologizes for the error."
Other Fox News and Fox Business shows did the same thing over that weekend, including:
Important Point: Even though this was an apology, nobody at Fox actually used the word "apologize" on air. They said things like "we apologize for the error" in a very careful, legal way. This is common when lawyers are involved — the words are chosen very precisely.
Nobody knows for sure what really pushed Fox to apologize, but experts think a legal threat was probably involved. Once O’Leary publicly said he had no evidence, Fox could have been sued by the people he named if they didn’t correct the record.
A spokesperson for Fox declined to comment further, but people familiar with the situation said no money changed hands — meaning Fox didn’t pay anyone to settle. They just apologized on air.
Important Point: This is a big deal because Fox News almost never apologizes. The fact that they did — even after paying $787 million in the Dominion settlement without apologizing — shows how much more careful they’re being now about guests who make claims without evidence.
The people O’Leary named didn’t stay quiet. Gabrielle Finlayson and Jackie Morgan, who co-founded Elevate Strategies, told Business Insider:
"The only foreign operative here is a Canadian wealthy person trying to ruin our state."
They also made fun of O’Leary on TikTok, joking about his outfit (he wore flip-flops with a suit) and even selling their own hats that played off his "Utah National Security" hat, saying: "Please support us, because we might need lawyers."
A lot of other things happened in the world of media, TV, and movies. Here’s a quick rundown:
Here’s what happened at the box office this past weekend:
| Movie | What Happened |
|---|---|
| "Supergirl" | Flopped badly — only made about $38 million domestically in its opening. This is considered a major disappointment for DC/Warner Bros., especially since Paramount (which is merging with Warner Bros.) had its own flop with "Jackass: Best and Last" ($8.4 million). |
| "Toy Story 5" | Stayed in #1 place with a $70 million weekend. The Pixar movie is now close to $300 million domestically and nearly twice that globally. |
| "Michael" (Michael Jackson biopic) | Officially passed "Oppenheimer" as the highest-grossing biopic ever, earning $977 million worldwide. |
Important Point: Overall, the domestic box office is running about 15% ahead of where it was in 2025, which is good news for movie theaters.
The latest episode of the "Power Lines" podcast is out! In this week’s episode, the hosts discuss:
Here’s the big picture from this week:
Fox News did something extremely rare — they apologized on air after Kevin O’Leary admitted he had no evidence for his claims that Utah data center opponents were connected to China. This is notable because Fox almost never apologizes, even after paying $787 million in the Dominion settlement.
The apology was likely driven by legal concerns, not just good intentions. Once O’Leary walked back his claims, Fox was at risk of being sued by the people he named.
CNN is in the middle of major changes, with its CEO refusing to share control and Anderson Cooper reportedly not wanting to work under Bari Weiss.
The box office had mixed results — "Supergirl" and "Jackass" flopped, but "Toy Story 5" and "Michael" are doing great.
Fox News almost never apologizes on air. Even after paying $787 million to settle the Dominion Voting Systems lawsuit about false 2020 election claims, they refused to say sorry. This apology — even though it was carefully worded — shows the network is being more cautious about guests making unsupported claims.
Kevin O’Leary is a famous investor known as "Mr. Wonderful" from the TV show Shark Tank. In May, he appeared on Fox Business and accused real people and organizations of secretly working for the Chinese government to stop his data center project in Utah. He had no evidence for these claims and later admitted it publicly.
The Stratos Project is Kevin O’Leary’s controversial data center project in Utah. Data centers are large facilities filled with computers that store and process information (like for A.I. technology). Some local groups opposed the project, and O’Leary claimed — without evidence — that they were secretly funded by China.
No. According to people familiar with the situation, no money changed hands. Fox News simply corrected the record and apologized on air. This was different from the Dominion settlement, where they paid $787 million.
"Supergirl" was a major flop, earning only about $38 million domestically in its opening weekend — far below expectations. This is a problem for DC/Warner Bros., especially since their studio is about to come under the control of Paramount through a merger, and Paramount also had its own box office disappointment with "Jackass: Best and Last."