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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
BAKERSFIELD, Calif. — U.S. Customs and Border Protection officers executed the second largest methamphetamine bust recently along the southwest borders in CBP's history, according to the U.S. Drug Enforcement Administration.A press release states that a driver of a tractor-trailer with a "shipment that was manifested as medical supplies," pulled up to the Otay Mesa cargo border in San Diego Friday morning. An agent there at the time decided to pull the truck over for a more thorough inspection. Imagining systems, similar to an x-ray, were used to investigate the trailer and revealed suspicious components in the back of the trailer.Officers offloaded more than 1,800 packages mixed with medical supplies. That's when they discovered more than 3,100 pounds of methamphetamine, 64 pounds of heroin, 29 pounds of fentanyl powder, and almost 37 pounds of fentanyl pills. The narcotics are estimated to have a street value of .2 million, according to the press release.“This massive seizure is a testament of what law enforcement agencies can do when we combine forces – prevent over million worth of deadly drugs from entering our country; thus saving countless lives from addiction and overdose deaths,” said DEA Special Agent in Charge John W. Callery. 1271
As the debate about mask mandates continues in some states, a new study reportedly shows social distancing is just as important to reduce the spread of COVID-19. The study looked at the effectiveness of face coverings when someone coughs repeatedly, coughing is one of the symptoms of COVID-19.The study was published in a June issue of “Physics of Fluid”, by AIP Publishing, and was conducted by Talib Dbouk and Dimitris Drikakis from the University of Nicosia in Cyprus.The researchers used computer modeling to show the range of saliva droplets when people cough. Previous work from this group showed saliva can travel about 18 feet when a person coughs and is not wearing a mask or covering their mouth.This new study built on that research to add in the variables of face coverings and repeated coughing. They used information available about filters used in surgical masks. 887
At least 8 major hotel-casinos are currently undergoing renovations and the cost is half a billion dollars.Some of the resorts involved include Monte Carlo, Caesars Palace, Flamingo, Planet Hollywood and Harrahs.They are hoping the renovations will attract more guests and that those guests will be willing to pay more to stay at upgraded properties. 364
ATLANTA (AP) — A federal judge is permanently blocking Georgia’s 2019 “heartbeat" abortion law, finding that it violates the U.S. Constitution.U.S. District Judge Steve Jones ruled against the state Monday in a lawsuit filed by abortion providers and an advocacy group.Jones had temporarily blocked the law in October, and it never went into effect.The new ruling permanently enjoins the state from ever enforcing House Bill 481.The measure sought to ban abortions once a “detectable human heartbeat” was present, with some limited exceptions.Cardiac activity can be detected by ultrasound as early as six weeks into a pregnancy.Jones found the law violated the 14th Amendment. 685