A federal judge on Tuesday ruled that AT&T could purchase Time Warner, bringing a closely-scrutinized antitrust case to an end, The Washington Post reports.
AT&T moved to merge with Time Warner in 2016, but the Justice Department sued to block the purchase over concerns that the massive telecom merger would reduce competition and lead to higher prices. AT&T owns companies like DirecTV, while Time Warner owns companies like HBO and CNN, which will make the combined corporation a veritable media giant. Bloomberg reports that U.S. District Judge Richard Leon ruled to allow the purchase with no conditions.
The DOJ called the decision disappointing, saying the market will be "less competitive and less innovative." It also pledged to "consider next steps in light of our commitment to preserving competition for the benefit of American consumers," reports CNN. The ruling on the $85 billion merger is expected to set a precedent for other major deals. Read more at Bloomberg. Summer Meza
The University of Oklahoma has been supplying false information to U.S. News & World Report for the last 20 years, reports CNN.
U.S. News & World Report, which creates the annual Best Colleges rankings, says the university has given "inflated" numbers on its alumni giving rates, of all things. Oklahoma will now be unranked in the 2019 rankings.
The university inflated its alumni giving rate by more than 4 percent, incorrectly claiming it was 14 percent instead of 9.7 percent. The alumni giving rate makes up 5 percent of the rankings formula, as it "measures student satisfaction and post-graduate engagement," reports CNN.
The school said it noticed the error in reporting in 2018 and immediately gave the accurate information to U.S. News. OU was ranked 97th in 2018 among both public and private institutions.
The revelation marks the second time in two years that a college has provided false information to U.S. News for several years, following Temple University's admission it had inflated information about its online M.B.A. program, per Inside Higher Ed. Marianne Dodson
Adam Levine has turned his chair for the final time.
The Maroon 5 frontman announced season 16 of The Voice would be his last as a coach, revealing the decision in an Instagram post Friday morning.
Levine has been with the talent competition show since its premiere in 2011 and is one of two judges, along with Blake Shelton, to remain as a coach during the show's 16 seasons. Levine and Shelton struck up a friendship and rivalry during the show's tenure, which has been credited as bolstering the show's success, reports People.
"Our friendship is and always will be one for the books," Levine wrote about Shelton on Instagram. "Whatever this whole surreal experience was, [I'm] just happy I got to experience it with you."
Levine ends his run on The Voice with three wins to his name, half of Shelton's six.
The Voice host Carson Daly told The Today Show that Levine's replacement would be former coach Gwen Stefani, who is dating Shelton. Marianne Dodson
Weed is thriving in the stock market, but companies will need to hash out some legal issues if they want to reap the benefits in the U.S.
The stock market has given several marijuana companies valuations as high as $20 billion, but these stocks are listed with the caveat that they are unable to operate in the U.S. due to federal restrictions, reports Markets Insider. Under current laws in the U.S., the production, possession, and consumption of marijuana remains a criminal act.
Despite these restrictions, weed stocks are "astronomically valued" when compared to the tech, alcohol, and tobacco sectors, per Markets Insider.
Support for the legalization of marijuana is at an all-time high in the U.S., and 11 states have made the drug fully legal. But despite some states' support, weed companies cannot be listed in the U.S. market without violating federal law. Marianne Dodson
Rudy Giuliani is refusing to apologize after sending a doctored video of House Speaker Nancy Pelosi (D-Calif.) out to his 317,000 Twitter followers.
Giuliani on Thursday tweeted a video that had been spreading online, which takes footage from a Pelosi speech and slows it down to make her sound drunk. Giuliani wrote, "Her speech pattern is bizarre." He later deleted the tweet.
President Trump's lawyer told The New York Times that he "didn't know" the video was doctored when he shared it and had "no reason to believe" it was because it "looked like enough of an extension of the way she communicates anyway." He also suggested it's "hypocritical" to "overreact" to him sharing this fake video because Pelosi in recent days has questioned Trump's "competence."
Giuliani also claimed to CNN he had "no way to know" if the video was fake and asked the Times, "Where do you go to check that it's inaccurate? How could I have figured out that it was inaccurate?” The Washington Post's Aaron Blake shot back on Twitter, "there is no way he couldn't have known."
Giuliani separately told the Post he shared the video because he has "been noticing a gradual change in [Pelosi's] speech pattern and gestures for some time."
On his Twitter page, Giuliani on Friday refused to apologize for posting the fake video, first sending an incomprehensible tweet in which he seemed to coin the word "ivesssapology." In a follow-up, he said that Pelosi must "withdraw her charge" that Trump needs an "intervention" before he apologizes.
Trump himself also shared an edited video of Pelosi on his Twitter account, although this one did not doctor her actual speech but instead edits together different moments from a press conference in which she stumbles over words. Asked on Friday about the manipulated footage of Pelosi spreading online, Trump claimed he "doesn't know about the videos." Brendan Morrow
President Trump on Friday announced plans to send 1,500 additional troops to the Middle East amid escalating tensions with Iran.
"We want to have protection," Trump told reporters on Friday, saying it will be a "relatively small number of troops, mostly protective." He confirmed the 1,500 number that had previously been reported and said that "some very talented people are going to the Middle East right now, and we'll see what happens."
The president spoke after The Associated Press reported the administration had notified Congress of its plan, saying that the troops' activities will be "defensive in nature" and will protect U.S. forces in the region. U.S. officials in recent weeks have warned of a "number of troubling and escalatory indications and warnings" from Iran, with the State Department ordering the evacuation of non-emergency personnel from the Baghdad embassy.
"Our job is deterrence," Acting Defense Secretary Patrick Shanahan said, The Washington Post reports. "This is not about war." Trump had said on Thursday he did "not think" it would be necessary to send more troops to the Middle East but that he would "certainly" do so if necessary, and he was reportedly convinced during a Thursday meeting. He tweeted last week that "if Iran wants to fight, that will be the official end of Iran." Brendan Morrow