10 things you need to know today: May 12, 2018

Companies acknowledge 'misjudgment' in hiring Michael Cohen, U.S. fighters intercept Russian bombers off Alaskan coast, and more

Michael Cohen
(Image credit: Drew Angerer/Getty Images)

1. Companies acknowledge 'misjudgment' in hiring Michael Cohen

President Trump's personal lawyer, Michael Cohen, received $600,000 from AT&T last year for "specific long-term planning initiatives as well as the immediate issue of corporate tax reform and the acquisition of Time Warner," per the contract obtained by The Washington Post. AT&T CEO Randall Stephenson said in a statement Friday "everything we did was done according to the law" but the partnership with Cohen "was a serious misjudgment." AT&T is one of several corporations that paid Cohen at least $2.95 million through a shell company. A U.S. subsidiary of Swiss drugmaker Novartis told employees its $1.2 million deal with Cohen was a "mistake."

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