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At a contentious meeting on Monday, the Department of Justice's antitrust chief gave AT&T a choice: to get your purchase of Time Warner done, either sell off CNN's parent unit or DirecTV, or we'll see you in court.The government is holding up AT&T's pending acquisition of Time Warner, stirring speculation that the Trump administration is trying to retaliate against CNN for its coverage of the president.According to two sources with knowledge of the meeting, the DOJ is demanding that AT&T divest all of Turner, the unit of Time Warner that includes CNN as well as TNT and TBS."Threatening Turner is a fig leaf for threatening CNN," one of the sources said.AT&T is said to be reluctant to sell assets, especially Turner, which represents a significant portion of Time Warner's profits.Earlier on Wednesday AT&T said the timing of the deal's closing is now "uncertain.""We are in active discussions with the DOJ," John J. Stephens, chief financial officer for AT&T, said at a Wells Fargo conference.The stock of Time Warner, which owns CNN, fell more than 6.5% by Wednesday afternoon. AT&T was flat.The New York Times and the Financial Times also reported Wednesday afternoon that the DOJ was demanding the sale of CNN or Turner as a condition of approving the deal.The wireless giant previously said that it expected the acquisition to take effect by the end of this year. The deal was announced more than a year ago.The U.S. government is causing the delay. Stephens' comments effectively confirmed last week's Wall Street Journal report that the government is "actively considering" an antitrust lawsuit to block the impending acquisition.While the Justice Department declined to comment, sources had told the Journal that the department will sue if it can't reach an agreement on so-called "conditions" that are attached to the deal.The Journal story was an unwelcome surprise for AT&T executives. Transactions like Comcast's acquisition of NBCUniversal in 2011 are routinely approved with conditions attached."For over 40 years, vertical mergers like this one have always been approved because they benefit consumers without removing any competitors from the market," AT&T said last week. "While we won't comment on our discussions with DOJ, we see no reason in the law or the facts why this transaction should be an exception."The Justice Department's hardline approach to AT&T -- belying the business-friendly image of the Trump administration -- has spurred questions about Trump's personal interest in the deal.Time Warner's portfolio also includes Warner Bros., HBO, TNT and TBS.As a candidate, President Trump publicly vowed to block the deal. As president, he frequently criticizes CNN. Over the summer The New York Times reported that Trump aides discussed using the pending deal as a powerful form of leverage over CNN's coverage."You have to wonder" about the behind-the-scenes machinations "given that Trump has a vendetta against CNN and has openly talked about using these types of deals to punish them," Trevor Timm, the executive director of the Freedom of the Press Foundation, told CNN last week.On last Sunday's "Reliable Sources" on CNN, when asked whether Trump has had any involvement, counselor to the president Kellyanne Conway said "we're not going to interfere with that here."When asked whether the president still personally opposes the AT&T-Time Warner deal, Conway said, "I haven't discussed that with him lately."Trump was quoted criticizing the DOJ several times last week. He said he wants the department to investigate his political rivals, including Hillary Clinton.AT&T has declined to directly comment on concerns about political interference.But Stephens reiterated confidence in the deal at Wednesday's Wells Fargo conference, saying "these types of mergers bring great benefit to customers and have very routinely been approved by the DOJ and the federal government."AT&T and Time Warner agreed to the billion deal last fall.The-CNN-Wire 4047
As President Donald Trump attempted to sow doubt on this week’s presidential election during a Thursday news conference, several Republican lawmakers criticized Trump for his comments.Currently, Joe Biden is projected to be ahead in the Electoral College vote. Biden is ahead by a 264-213 margin, according to the Associated Press.Trump made a multitude of false and misleading statements to sow doubt into the legitimacy of the election. Among them, Trump said that he won the state of Michigan. Biden won Michigan by a 150,000- vote margin.Maryland Gov. Larry Hogan was among those who offered the strongest criticism of Trump. 637
BALTIMORE — A doctor described as providing care to the "sickest patients" in Baltimore died of COVID-19, Mercy Medical Center said in a Facebook post.Dr. Joseph J. Costa, the chief of critical care at the hospital, was 56 years old."Joe was more than a trusted colleague; he was also a true friend to many. He dedicated his life and career to caring for the sickest patients. And when the global pandemic came down upon us, Joe selflessly continued his work on the front lines—deeply committed to serving our patients and our City during this time of great need. His memory will live on as an example to us all," the hospital said in a Facebook post.Costa joined Mercy in 1997 and became Chief of Critical Care in 2005. From 2010 to 2016 he served as an officer of the Mercy Medical Staff, culminating with his 2-year tenure as President of the Medical Staff."Joe was admired and respected among providers throughout the Baltimore region for his clinical expertise. He was beloved by his patients and their family members—known for his warm and comforting bedside manner as well as his direct and informative communication style. When he counseled our patients and families, he did so with great compassion and empathy. For all the nurses and staff who worked closely with Joe on the Intensive Care Unit, he was like an older brother that all admired and revered," the post continued.Read the full letter below. Dear Friends of Mercy, It is with great sadness that we mourn the loss of Joseph J. Costa, M.D., Chief, Division of...Posted by Mercy Medical Center, Baltimore, MD on Saturday, July 25, 2020 This story was originally published by Brandon Ingram on WMAR in Baltimore. 1702
ATLANTA, Ga. (AP) — A section of concrete collapsed on a parking deck under construction in Atlanta on Friday, injuring five workers.Atlanta Fire Rescue officials said one worker was trapped under debris with leg injuries and had to be freed and then lowered more than nine stories to the ground using a construction crane.Four other injured workers managed to walk away from the accident.The city of Atlanta is inspecting the structure for any signs of threats to the busy interstate that flows through the heart of the city.The parking garage is being built for an Emory University cancer institute in midtown.W Peachtree Street @ Linden Ave, partial #collapse of pre-fabricated parking deck under construction. Multiple workers trapped. Injured worker just removed from structure by firefighters from Squad 4 by crane. #AFRD— Atlanta Fire Rescue (@ATLFireRescue) September 11, 2020 893
As President Donald Trump’s chances of re-election are sagging on Wednesday, the president declared himself a winner in the presidential election on Wednesday despite projections showing he is trailing Joe Biden in the Electoral College.As of Wednesday evening, Biden holds a 248-214 advantage in the Electoral College. Biden also holds an advantage in Michigan, Arizona, and Nevada. If Biden hangs on and wins those states, he’ll have a projected 270 Electoral College, which is exactly the number needed to win.Twitter has recently updated its policy regarding misinformation involving the election, and as of 2 p.m. ET Thursday, Trump had his Twitter account flagged eight times for misinformation. 709