Antitrust

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Trump Backs Television Broadcaster Nexstar’s Bid for Tegna

President Donald Trump backed television broadcaster Nexstar Media Group’s proposed $3.5 billion acquisition of Tegna Inc., reversing his earlier opposition to the idea and saying it would be good for competition.

By María Paula Mijares Torres

Apollo, BlackRock, Oaktree Ask Judge to Toss Altice Lawsuit

Lenders to Altice USA Inc., including Apollo Capital Management, BlackRock Financial Management and Oaktree Capital Management, asked a federal judge to dismiss a lawsuit accusing them of colluding to shut the company out of the US credit market.

Paramount Seeks Quick Antitrust Review of Warner Bros. Bid

Paramount Skydance Corp. is pressing to wrap up a Justice Department antitrust review of its tender offer for Warner Bros. Discovery Inc. shares in the coming weeks, according to people familiar with the matter.

Cadwalader Trial Leaders Resign After Hogan Conflicts Review

Cadwalader litigation practice leaders Nicholas Gravante and Phil Iovieno resigned on Friday due to conflicts of interest with clients of the firm’s partner in a planned merger, Hogan Lovells.

Trump Boosts Argentina Beef Imports in Affordability Push

President Donald Trump signed a directive on Friday further increasing the amount of beef imported into the US from Argentina, his latest move to address Americans’ concerns about affordability.

Dow Jones Industrial Average Exceeds 50,000 for First Time

The Dow Jones Industrial Average broke above the 50,000 level for the first time, as investors bid up the blue-chip gauge amid optimism over the US economy and corporate earnings.

US Probes Netflix Tactics in Review of Warner Deal, WSJ Says

The US Justice Department is investigating Netflix Inc.’s tactics as it looks into the streaming company’s agreement to buy Warner Bros. Discovery Inc.’s studios and HBO Max streaming service, the Wall Street Journal reported.

Stellantis Rout Nears €70 Billion After Surprise Writedowns

Fourteen months after Stellantis NV parted ways with a chief executive officer who surprisedinvestors with wayward results, his successor has pulled a similar move.

Trump Team’s Bitcoin Reserve Strategy Takes a Market Beating

The government didn’t pay for it — and it’s not planning to sell.

MultiPlan, UnitedHealth Beat Appeal Over Reimbursement Rates

Data analytics firm MultiPlan Inc. and a UnitedHealth Group Inc. affiliate defeated a Second Circuit appeal in a case alleging they illegally lowered reimbursement rates to out-of-network providers.