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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., saying it would be good for competition.

By María Paula Mijares Torres

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.

Global Tax Redo Leaves Africa Still Vulnerable to Revenue Loss

African nations face a continued risk of losing revenue to developed countries that apply the global minimum tax despite redesigned rules that feature a carve-out for US multinational companies, a group of the continent’s countries argued.

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.

Eye Care Firm SpyGlass Pharma Soars 65% In Trading Debut

SpyGlass Pharma Inc. shares jumped 65% in the biopharmaceutical firm’s trading debut after it raised $150 million in an initial public offering.

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.

Abu Dhabi Sovereign Fund Sued by Thrive Freeze Dry Founders

Thrive Freeze Dry’s financial backers, including an affiliate of an Abu Dhabi sovereign wealth fund, seized control of the business through a series of transactions that wrongly sidelined its founders, according to a lawsuit unsealed Friday.

FAT Brands Lenders Want CEO Suspended Over Twin Peaks Stock Sale

Lenders to bankrupt restaurant operator FAT Brands Inc. want the chief executive officer suspended without pay over a recent stock sale for its Twin Peaks dining chain, deepening a battle for control of the company as it attempts to restructure.