A settlement agreement between Paramount, the parent company of CBS, and Donald Trump is reportedly in the works.

Music’s biggest night drew 15.4 million viewers on CBS Sunday night, as the Grammys raised nearly $9 million to aid wildfire relief efforts in California. Last year’s Grammys brought in an average 16.

Paramount Global and Skydance Media are nearing the finish line of their $8 billion merger. But after months of twists and ...