Welcome back to The Daily Courant, your afternoon roundup of Puck’s best new reporting. First up today, William D. Cohan charts the legendary career of multibillionaire SoftBank founder (and subject of two recent biographies) Masayoshi Son, amid chatter about his head-spinning potential 11-figure investment in Sam Altman’s OpenAI. Plus, below the fold: Dylan Byers reveals Shari Redstone’s internal monologue as Paramount prepares to settle Trump’s meritless CBS lawsuit. Leigh Ann Caldwell surveys Hill insiders about Gabbard, Patel, and R.F.K. Jr.’s confirmation odds. Marion Maneker explains why Larry Gagosian is bowing out of his Madison Avenue flagship. Julie Davich previews the bidding war over Sotheby’s $12 million Stradivarius violin. And Sarah Shapiro unearths some bright spots in January’s fashion retail doldrums. Meanwhile, on the pods: John Ourand links up with former NBA head coach Stan Van Gundy on The Varsity to diagnose the health of the league. On The Town, Matt Belloni rings up Wicked producer Marc Platt to discuss how the blockbuster musical adaptation got made. On Impolitic, John Heilemann sits down with Jonathan V. Last from The Bulwark to debate whether the Trump administration can successfully subjugate the legislative branch. And on The Powers That Be, Jon Kelly reunites with Peter Hamby to consider the subdued media response to Trump II.

WALL STREET

Masayoshi Son, the multibillionaire founder of the Japanese investment company SoftBank, is one of the most intriguing, if utterly mysterious, businessmen on the world stage. He rarely gives interviews, but is prone to grandiose pronouncements and even more grandiose investments—some of which have gone completely off the rails (WeWork), and others that have worked spectacularly well (Alibaba). But with SoftBank reportedly considering a staggering investment between $15 billion and $25 billion in OpenAI—on top of the founder’s recent appearance with President Trump, Larry Ellison, and Sam Altman amid a plan to invest $500 billion in U.S. A.I. infrastructure—Masa is suddenly very much in the news. Bill investigates why the “Warren Buffett of Japan” remains an outsider among the country’s corporate elite. Read Now

MEDIA

In the coming days, barring some unforeseen twist of fate, Shari Redstone will likely announce that Paramount Global has agreed to settle a lawsuit brought by President Trump against CBS News’s 60 Minutes—becoming the latest media company to offer tribute to the new administration in the hopes of avoiding unwanted regulatory retaliation. (As with Disney and Meta, Paramount will likely pay tens of millions of dollars to the Trump Presidential Library.) Naturally, the rumors of Shari’s forthcoming capitulation aren’t sitting well within CBS… but who among the newsroom’s leaders still has the stature to speak up? Read Now

WASHINGTON

Nearly three months after Trump announced his slate of controversial cabinet picks, three of his most embattled nominees—R.F.K. Jr. for H.H.S. secretary; Tulsi Gabbard as D.N.I.; and Kash Patel to run the F.B.I.—are finally facing their moments of truth. As Leigh Ann reports, Gabbard is on the shakiest ground after turning in an uneven performance last week in pursuit of the nation’s top intelligence post. Meanwhile, Patel overperformed expectations in his bid to lead the F.B.I., whose headquarters he once vowed to “shut down” on “day one.” Meanwhile, R.F.K. Jr.’s fate is harder to assess, and appears to rest in the hands of Senator Bill Cassidy. Indeed, the Louisiana Republican sits on both committees that questioned R.F.K. Jr. last week, and appeared unnerved during an emotional closing statement, in which he admitted, “I’ve been struggling with your nomination.” Read Now

ART

Larry Gagosian—a man who knows more than anyone about selling overpriced trophy assets to very rich men—is being displaced from his 980 Madison Avenue flagship gallery by Bloomberg Philanthropies, which bought the property for $560 million. But he isn’t giving up his footprint on Madison altogether: While he’s vacating the upper floors, he’ll maintain his gallery space on the ground floor, and move into additional street-facing retail space. Now, as a fitting coda for the old space, Gagosian has chosen to mount a show simply titled Cy Twombly, featuring four key bodies of work, borrowed from private collections and Twombly’s family, some of which have never been seen before. Read Now

ART

For art collectors, few movies better capture the romance of the auction house than The Red Violin, in which Samuel L. Jackson plays an appraiser summoned to assess the eponymous instrument. This Friday, life will imitate art when Sotheby’s auctions the Joachim-Ma Stradivarius, estimated at $12 million. The instrument is named for its two most well-known former owners: Joseph Joachim and Si-Hon Ma. Joachim, who purchased the violin in 1849, was one of the greatest violinists of his time. (It’s believed that Joachim premiered Johannes Brahms’s Violin Concerto in D major, Op. 77 on this very instrument in 1879.) Will the Joachim-Ma Stradivarius create its own moment of auction house magic? Read Now

FASHION

January can be a bleak, punishing month for retailers, who are perennially victimized by post-holiday shopping fatigue, returns, and ruthless inventory management intended to improve E.O.Y. financials. This year, of course, there was the added uncertainty of Trump’s tariff threats and the L.A. fires, both of which diminished expectations. Herewith, Sarah offers an inside look at some bright spots in the January retail doldrums, driven in part by… Florida? Read Now

SPORTS

TNT analyst and former NBA head coach Stan Van Gundy joins John for a broad-spectrum chat about the overall health of the league. They address potential scheduling and rule changes, the realities of player empowerment, the influx of three-point shooting, and much more. Plus, Stan shares his insights on the turbulence in college basketball, and offers his take on how to mitigate the instability surrounding college basketball sparked by N.I.L. and the transfer portal. Listen Now

HOLLYWOOD

Matt is joined by Wicked producer Marc Platt to discuss how the smash hit musical adaptation got made, why it took so long despite the stage play’s successful multidecade run, and why Wicked is the only Best Picture–nominated film with only one credited producer. They also talk about why the Wicked marketing campaign was such a success, tough choices the producer has had to make in his career, and the secret to a great pitch. Later, Matt makes a prediction about the recent social media controversy surrounding Emilia Pérez star Karla Sofía Gascón. Listen Now

WASHINGTON

John is joined by Jonathan V. Last to discuss The Bulwark editor’s contention that, less than three weeks into Trump 2.0, “we are in a constitutional crisis already.” J.V.L. argues that the new administration’s early moves reflect a strategy of subjugating the legislative branch and daring the courts to stop it, then raises the question of whether the White House will comply with the judiciary’s rulings in any case. He also defends his position that Democrats should expend no political capital to protect voters from Trump’s worst policy excesses—and explains why The New York Times is utterly unsuited to meeting the moment in which our democracy now finds itself. Listen Now

MEDIA

Jon Kelly reunites with Peter to scrutinize the subdued media reaction to the dawn of Trump II—and why it lacks the “five-alarm fire” urgency that defined Trump I. Then they pivot to discuss the looming possibility of Paramount settling Trump’s flimsy lawsuit filed against CBS News, before diving into the fate of Peacock as the company’s financial losses mount and subscriber growth sputters. Listen Now

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