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U.S. Justice Department, AT&T await nail-biter of a court decision

A federal judge will decide next week whether AT&T (T.N), which owns DirecTV, will be allowed to buy Time Warner (TWX.N), home to CNN and March Madness basketball, for $85 billion. Judge Richard Leon of the U.S. District Court for the District of Columbia oversaw a six-week trial where the government argued the deal was illegal because it would give AT&T the power to withhold HBO and Turner channels from DirecTV’s smaller pay TV rivals and cheaper online competitors. The Justice Department focused on Time Warner’s Turner assets, saying cable networks needed Turner channels like CNN and live …read more […]

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Chevron moves Brazil chief to lead Venezuela operations after arrests: sources

RIO DE JANEIRO/HOUSTON (Reuters) – U.S. oil producer Chevron Corp permanently assigned its Brazil country chief to run its Venezuelan operations, three sources said this week, after the months-long detention of two executives escalated tensions between the OPEC-member nation and foreign oil firms.

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GOP risks fallout from Justice Department move on health law

The Trump administration’s decision to stop defending in court the Obama health law’s popular protections for consumers with pre-existing conditions could prove risky for Republicans in the midterm elections — and nudge premiums even higher. The Justice Department said in a court filing late Thursday that it will no longer defend key parts of the Affordable Care Act, beginning with the unpopular requirement that people carry health insurance, but also including widely-supported provisions that guarantee access for people with medical problems and limit what insurers can charge older, sicker adults. …read more […]