Tegna Inc. on Monday terminated its proposed acquisition by hedge fund Standard General LP, delivering the final blow after a prolonged regulatory review that serves as a possible deterrent to other broadcast deals.
President Joe Biden moved to lock in his first Democratic majority at the Federal Communications Commission, naming veteran government lawyer Anna Gomez to an open seat and proposing to extend the service of two current commissioners.
TikTok Inc. sued Montana over the first statewide ban of the popular app, saying the state has trampled free-speech rights based on a misguided view that Chinese ownership of the platform poses a national security threat to the US.
American International Group Inc. said it will sell virtually its entire reinsurance business to RenaissanceRe Holdings Ltd. in a deal worth roughly $3 billion as Chief Executive Officer Peter Zaffino continues his effort to streamline the New York-based firm.
Yields on most at-risk securities leaped ahead of Biden-McCarthy meeting
US stocks fluctuated ahead of a crucial meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy to iron out road blocks in debt-ceiling negotiations.
Junior doctors in England will stage another 72-hour walkout over pay, as they warn of a summer of industrial action after talks with the government broke down.
Treasury Secretary Janet Yellen said it’s now “highly likely” that her department will run out of sufficient cash in early June, and repeated her warning that the moment could come as soon as June 1.
Bond-market titans BlackRock Inc., Pacific Investment Management Co. and Vanguard Group Inc. are warning that recent violent swings in US Treasuries are only the beginning of a new era of volatility that’s here to stay until central banks conquer inflation.
The US suspects that Wagner Group, the Russian mercenary force, is trying to ship weapons to fighters in Ukraine through the West African nation of Mali. “We have been informed that Wagner is seeking to transit materiel acquisitions to aid Russia’s war through Mali, and is willing to use false paperwork for these transactions,” State Department spokesman Matthew Miller told reporters.
