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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
At a White House news conference on Friday, leaders of Operation Warp Speed said that two coronavirus vaccines could receive emergency use authorization from the FDA in the coming weeks.In addition, Dr. Moncef Slaoui, who is the scientific head of Operation Warp Speed, projected that up to 20 million coronavirus vaccines could be shipped by the end of the year."If approved, they could be used for immunization in the U.S. population in the month of December," Slaoui said. "And we plan to have enough vaccine doses available for use in the U.S. population to immunize about 20 million individuals in the month of December, and another 25 to 30 million per month on an ongoing basis thereon."Given that doses of the two vaccines come in two doses, it could take many months and be well into 2021 before the majority of the American population is vaccinated against the coronavirus.The update came as the virus spreads throughout the country at an alarming and uncontrolled rate. At least 100,000 Americans are confirmed to have contracted the virus every day for the last 10 days, culminating in a record-shattering 153,000 cases on Thursday. Hospitalizations linked to the virus have reached all-time highs since the pandemic began, and deaths linked to the virus are beginning to tick up as well.The update also comes days after Pfizer announced that its vaccine candidate has been 90% effective in Phase 3 trials. The company says it is on track to apply for Emergency Use Status by the end of the month, meaning that some Americans could receive the vaccine before the year's end.New York Gov. Andrew Cuomo, who said his state would independently review vaccine candidates before authorizing distribution to the state, was a frequent target during Friday’s news briefing.“Vaccines will be allocated pro rata by population so we ensure fair and equitable across. We need the states who are part of the planning to accept the vaccine,” saidArmy General Gustave F. Perna, who is overseeing logistics and distribution for Operation Warp Speed. “We are working closely along with the CDC, the jurisdictions and states to ensure vaccine can safely and quickly get to those who need it first.”Trump blasted Cuomo for utilizing an independent review process separate from the FDA. "We won't be delivering it to New York until we have authorization to do so," Trump said. "That pains me to say that. This is a very successful, amazing vaccine that 90% or more. The governor, Gov. Cuomo will have to let us know when he's ready for it. Otherwise, we can't be delivering it to a state that won't be giving it to its people immediately. I know the people of New York very well, I know they want it. The governor will let us know when he's ready."Pfizer said it expects to have 50 million doses of its vaccine ready for global distribution by the end of 2020, and 1 billion doses globally by the end of 2021. That's why other vaccines are also being looked in hopes of getting as many Americans vaccinated as soon as possible. Trump and others on Operation Warp Speed confirmed that health care workers and the elderly would be first to receive doses of the vaccine. Dr. Anthony Fauci, the Trump administration's top infectious disease expert, predicted earlier this week that the vaccine would be widely available in April.Previously, Trump had suggested that a vaccine would have been approved in October and widely available by the start of 2021. Project Warp Speed leaders, however, credited the federal government's response to the virus even if the vaccine has not been distributed as quickly as previously suggested.Friday's remarks were Trump's first on-camera comments since Joe Biden was projected as the winner of the presidential election. Trump had not delivered comments to the press on-camera since Nov. 5, when at a press conference in the White House press room he falsely claimed he would win the presidential election on still-baseless claims of widespread voter fraud.Trump has appeared on camera just once in the last week — a Veteran's Day appearance at Arlington National Cemetery at which he did not speak.Trump's extended media blackout is out of step with the first four years of his administration. Trump has rarely shied away from speaking with reporters, as he often makes himself available for on-camera interviews with the White House press pool on the front lawn and has taken to calling friendly media outlets for phone interviews.However, since last Thursday, Trump has only delivered statements through his Twitter account, where he has continued to spread misinformation about the 2020 election. In the past week, Twitter has taken action on about 50 of Trump's tweets or retweets — be it adding a link to more information, adding a fact check or hiding the tweet from timelines completely. 4827
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 the Democrats kicked off Night No. 1 of its four-night virtual national convention, George Floyd’s brother Philonise Floyd spoke out against his brother’s death.Philonise Floyd led the convention in a moment of silence in honor of his brother and others who have died as victims of "hate and injustice.""George should be alive today,” Philonise Floyd said. “Breonna Taylor should be alive today. Ahmaud Arbery should be alive today. Eric Garner should be alive today. Stephon Clark, Atatiana Jefferson, Sandra Bland—they should all be alive today. So it's up to us to carry on the fight."While most of those named by Philonise Floyd died while in police custody, Arbery was killed in a shooting by civilians. Three Georgia men, Travis McMichael, Gregory McMichael, and William "Roddie" Bryan were charged in connection with Arbery's death. His death came to light after it took 74 days before anyone was charged in connection with his death. Preceding Floyd at the virtual convention was Muriel Bowser, Washington D.C.’s Democratic mayor who called out President Donald Trump for using federal agents to deploy tear gas on a crowd of Black Lives Matter protests. During the height of the protests, federal agents used tear gas to disperse a crowd moments before Trump emerged from the White House to visit a burned out church across the street from the White House.“Where we were peacefully protesting, Donald Trump was plotting,” she said. “He stood in front of one of our most treasured houses of worship and held a Bible for a photo op. He sent troops in camouflage into our streets. He sent tear gas into the air—federal helicopters, too. I knew if he did this to D.C., he would do it to your city or your town.”During Bowser’s remarks, Trump’s campaign panned Bowser for saying she was “proud” of protesters. While Bowser wouldn’t initially commit to removing a “Defund the Police” mural from a D.C. street, city crews have since paved over the mural. 1967
At Tivoli Brewing Company, canning beer has gone from celebratory to an almost sobering experience.“This sucks,” said Ethan Tsai, Tivoli brewery director.Tsai says Tivoli and other breweries across the country are suffering from an aluminum can shortage.“We don’t have enough cans, we’re not going to be able to sell enough beer,” he said. “This is going to be a financial pinch to a whole lot of people.”On a normal week, Tivoli would turn out almost 400 cases of beer. During the last few of weeks, however, they’re struggling to get out 100.“Sales is going to suffer,” Tsai said. “And if sales suffer, then our ability to survive is going to be jeopardized.”Experts say there are several reasons for this shortage in cans. More people are stocking up on beer in stores and taking it home during the COVID crisis and less customers are going out to bars and restaurants.Whatever the case, production of cans isn’t keeping up with the demand.“For the year 2020,” Tsai said, “Ball (Corporation) is estimating approximately 10 billion, that’s billion with a “B”, aluminum can shortage."Ball Corporation is one of the world’s leading aluminum can providers. It’s responding to the recent surge in demand for cans by expanding its operations and building two news production plants which they say should be completed by 2021.“It might mean that some brewers get less revenue and have to make more difficult choices,” said Bart Watson, chief economist with the Brewers Association, an organization representing thousands of craft breweries across the country.He says cans make up a majority of craft beer packaged sales and that this shortage of could cost companies money and employees their jobs.“It’s tough to see the small brewers, who put so much sweat equity into their businesses, be brought down by really something that not their fault,” Watson said. “First the pandemic and now these additional challenges like a shortage.”Back at the brewery, Tsai is trying to figure out how to logistically juggle this shortage of cans during a pandemic to make sure his staff still have jobs and that this brewery survives.“We are all in this together,” he said. “None of us benefit from just taprooms suddenly disappearing.” 2226