PRESS DIGEST-New York Times business news - May 29

Paramount Skydance
Walt Disney Company

Paramount Skydance

PSKY

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Walt Disney Company

DIS

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- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. Treasury Secretary Scott Bessent said on Thursday that his agency had been working on a mock-up of a $250 note bearing the face of U.S. President Donald Trump in preparation for an addition to the nation's paper currency that would for the first time include the portrait of a living president.


- The ABC television network on Thursday issued a rigorous defense of its right to broadcast, accusing the Federal Communications Commission of threatening its station licenses as part of a campaign of "unconstitutional retaliation and coercion."


- CBS News named journalist Nick Bilton as executive producer of news magazine "60 Minutes" on Thursday, marking the first time the long-running show has tapped a leader from outside traditional television news.


- A rocket built by the Jeff Bezos-owned space company Blue Origin blew up on the launchpad in Florida on Thursday night.