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Future of AT&T-Time Warner Deal Is in Judge’s Hands

The six-week courtroom battle, featuring top executives and glimpses of trade secrets, has been one of the most closely watched antitrust cases in years. It has the potential to reshape the fast-changing telecom and entertainment landscape, which is facing new competition from tech companies.Photo “The only lessening of competition that would occur is if this merger is blocked,” the lead lawyer for AT&T and Time Warner said. The Justice Department’s lead lawyer said, “There are hundreds of millions of dollars in harms to consumers.” Credit Christian Hansen for The New York Times The judge’s opinion could also help set the course for antitrust regulation in the years…

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Israel says Iran lied on nuclear arms, pressures U.S. to scrap deal

TEL AVIV (Reuters) - Israeli Prime Minister Benjamin Netanyahu on Monday stepped up pressure on the United States to pull out of a 2015 nuclear deal with Iran, presenting what he called evidence of a secret Iranian nuclear weapons program in a primetime address on Israeli TV. Intelligence experts and diplomats said he did not seem to have presented a “smoking gun” showing that Iran had violated the agreement, although he may have helped make a case on behalf of hawks in the U.S. administration who want to scrap it. Most of the purported evidence Netanyahu unveiled dated to the period before the 2015 accord was signed,…

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Benefit of Trump tax cuts overshadowed by technology and misplaced policies: Milken conference speakers

LOS ANGELES (Reuters) - The windfall gains from the tax cuts passed by the U.S. Congress in December have brought back “animal spirits” that encourage risk-taking throughout corporate America, according to some of the participants at the annual Milken Institute Global Conference in California on Monday.  Michael Corbat, CEO of Citigroup, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson“Tax reform in the United States has led to, frankly, a number of companies flush with cash and looking for their opportunity to use their balance sheets to affect significant change in their market places as exhibited by two…

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Stormy Daniels sues Donald Trump for defamation over ‘con job’ tweet

NEW YORK (Reuters) - Adult film actress Stormy Daniels on Monday sued U.S. President Donald Trump for defamation, saying he lied by tweeting that her claim of being threatened if she discussed an alleged sexual encounter with him was a “total con job.” FILE PHOTO: Adult film actress Stephanie Clifford, also known as Stormy Daniels, speaks to media along with lawyer Michael Avenatti (R) outside federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Brendan McdermidThe lawsuit in federal court in Manhattan escalates Daniels’ litigation with Trump and his personal lawyer, Michael Cohen, who paid her $130,000 before the 2016…

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Canada wants U.S. cooperation in turning back asylum seekers

TORONTO (Reuters) - Canada wants to change a bilateral agreement to allow it to turn back thousands of asylum seekers walking across the border but the United States is not cooperating, according to a Canadian official with knowledge of the discussions. FILE PHOTO: A group of migrants who said they were from Djibouti and Somalia walk along railway tracks after crossing the Canada-U.S. border in Emerson, Manitoba, Canada, March 27, 2017. REUTERS/Chris Wattie/File PhotoUnder the Safe Third Country Agreement, or STCA, asylum seekers who arrive at a formal Canada-U.S. border crossing going in either direction are turned back and told to apply for asylum in the first…

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Warren Buffett on Bitcoin (BTC): Bitcoin is a Gamble

Warren Buffett on Bitcoin (BTC) Now Warren Buffett has never shown himself to be a fan of Bitcoin and other cryptocurrencies. In an interview with Yahoo Finance, Buffett still isn’t jumping on the crypto train. Buffett told Yahoo Finance that he doesn’t see Bitcoin as an investment. Instead, he believes it’s a gamble. He continued to explain that there isn’t anything wrong with that, per say, but that it’s important not to treat Bitcoin and other cryptocurrencies as anything more than a game. You can’t expect it to behave like an investment, because it isn’t an investment. Buffett explained: “If you buy something like a farm, an apartment…

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UK government defeated as Lords back powers to block or change EU exit deal

LONDON (Reuters) - Britain’s upper house on Monday voted to give parliament powers to block or delay a final deal on departure from the European Union, defeating Prime Minister Theresa May’s government. FILE PHOTO: A pigeon flies ahead of British Prime Minister Theresa May as she arrives for an event in London, April 23, 2018. REUTERS/Peter Nicholls/File PhotoThe House of Lords voted 335 to 244 in favor of a ‘meaningful vote’ amendment to May’s Brexit blueprint that could allow parliament to send ministers back to the negotiating table in Brussels or even halt the Brexit process if it disapproved of the final deal. “This is not ...…

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Pitch Behind T-Mobile-Sprint Merger: Keep Up With China in 5G

BEIJING — As tensions rise between the United States and China in the high-tech realm, even a merger of two American wireless providers has become entangled in fears about losing international competitiveness.T-Mobile and Sprint announced on Sunday that they would combine. By joining forces, the two mobile carriers said, they would help ensure that American companies remained world leaders in the coming era of fifth-generation wireless technology, or 5G.The implication: Failure to keep up in 5G would give China and Chinese firms the edge.Many analysts believe that such talk is merely aimed at persuading the Trump administration to approve the deal. Regulators blocked a previous merger attempt…

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Central American migrants from Mexico ‘caravan’ camp out on U.S. border

TIJUANA, Mexico (Reuters) - About 150 Central Americans from a “caravan” of migrants in Mexico were camped out early on Monday at the U.S. border, some trapped inside a port of entry between the two countries, as officials barred them from stepping foot on U.S. soil. Members of a caravan of migrants from Central America sleep near the San Ysidro checkpoint after a small group of fellow migrants entered the United States border and customs facility, where they are expected to apply for asylum, in Tijuana, Mexico April 30, 2018. REUTERS/Edgard GarridoDenied passage on Sunday into a pedestrian crossing between Tijuana and San Diego at the San…

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Sainsbury’s to top Britain’s Tesco with $10 billion swoop on Walmart’s Asda

LONDON (Reuters) - Sainsbury’s is to buy Walmart’s Asda for around 7.3 billion pounds ($10 billion) in a bold attempt to overtake long-time leader Tesco as Britain’s biggest supermarket group by market share. If it gets regulatory approval, the biggest British deal in the sector for more than a decade will see the second and third-largest food retailers in the country join forces, sparking speculation of further consolidation. Sainsbury’s and Asda aim to generate savings and buying power to better compete with fast-growing discounters, Aldi and Lidl, a bigger Tesco after its recent 4 billion pounds purchase of wholesaler Booker, and the rise of online shopping, particularly…

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