After more than two months of tug-of-war for Warner Brothers Discovery, Netflix is dropping the rope and clearing the way for Paramount Skydance to take over one of Hollywood's most iconic studios. Meanwhile, more fallout after the FBI raided Los Angeles Unified School District Superintendent Alberto Carvalho's home and office on Wednesday. And from flood watch to heat warnings, Southern California is rounding out February with more extreme weather. After a series of winter storms pummeled the Southland earlier this month, damaging roads and flooding businesses, a high-pressure system is sending temperatures 15 to 20 degrees above normal. In business, the majority of Moreno Valley Mall remains closed after city officials found hundreds of fire safety violations, and Trader Joe's issued a nationwide frozen chicken fried rice due to potential glass contamination. Read more at https://LATimes.com.

In this episode of The Envelope podcast, Teyana Taylor describes the “slingshot” of success that’s come with “One Battle After Another” and shares her insights as to why fictional revolutionary Perfidia Beverly Hills does what she does in the film.

President Trump delivered the longest State of the Union address on record Tuesday night, presenting an upbeat, defiant vision of America. But recent polling tells a different story: 57% of Americans disapprove of Trump's handling of the economy and 64% disapprove of his tariff policy. Meanwhile, Dr. Casey Means, Trump's controversial nominee for U.S. surgeon general, testified before the Senate on Wednesday seeking confirmation after the role sat empty for over a year. And in Los Angeles, autonomous delivery robots require an entire field team to keep them clean, charged, and safe, creating a new gig economy job: robot wranglers. In business, developer Kali P. Chaudhuri has agreed to purchase downtown Los Angeles’ unfinished Oceanwide Plaza that became infamous for its graffiti, and Public Storage becomes the latest company to leave California. Read more at https://LATimes.com.