James Fontanella-Khan, FT U.S. finance editor, dives into the intense bidding war for Warner Brothers Discovery, spotlighting surprise entrants like Comcast and Netflix. He discusses how financial backing from David Ellison gives Paramount a competitive edge. Meanwhile, Thomas Hale, FT Shanghai correspondent, sheds light on China's murky economic data, explaining discrepancies in official statistics and their implications. Together, they unravel the intertwined fates of Hollywood deals and China's opaque economic landscape.