President Biden delivered his farewell address Wednesday at the White House. The president touted his accomplishments and warned of an “oligarchy” taking shape in the U.S. CBS News’ Margaret Brennan, Robert Costa, Weijia Jiang, Nancy Cordes and Ed O’Keefe join Norah O’Donnell with analysis. Source

President Biden gave his farewell address from the Oval Office on Wednesday night. He issued a warning to Americans, saying that he believes an oligarchy is forming in the U.S. He also raised alerts about the military industrial complex, climate change and the dangers of artificial intelligence. Source

Schools are tapping deep-pocketed alums and donors to pay millions to high-level athletes. Source

Schools are tapping deep-pocketed alums and donors to pay millions to high-level athletes. Source

Erroneous accusations that a wealthy couple, Stewart and Lynda Resnick, have been hoarding water amid the Southern California wildfires have been spreading widely online. Source

CBS News has confirmed that as the Palisades Fire started on Jan. 7, only 19 fire engines were pre-deployed to the area. Source

Philadelphia Eagles wide receiver A.J. Brown went viral after reading “Inner Excellence” on the sidelines during last Sunday’s playoff game. Now, the lifestyle book itself has taken off online as well. Author Jim Murphy joins “The Daily Report” to describe its sudden spike in popularity and what inspired him. Source

New data released by the U.S. Centers for Disease Control and Prevention revealed the largest drop in overdose deaths ever recorded in the U.S. over a 12-month period. Between August 2023 and August 2024, the number decreased by 22%, the CDC found. CBS News homeland security and justice reporter Nicole Sganga sat down with Dr. Rahul Gupta, director of the White House Office of National Drug Control Policy, to discuss. Source

The most dangerous of the winds in Southern California will be dying down over the next few hours, giving firefighters a much-needed break. Jonathan Vigliotti has new reporting on how some of them were deployed in the first hours of the disaster. Source

Israel and Hamas have agreed to a ceasefire and hostage release deal after 15 months of deadly combat in the region. Edward Djerejian, former U.S. ambassador to Israel, joins “The Daily Report” to discuss the U.S. role in the ceasefire negotiations. Then, Liz Hirsh Naftali discusses her great niece, who was released in the first prisoner-hostage exchange in November 2023. Source