Paramount Skydance reached a settlement with 12 state attorneys general who had sued to block its $110 billion acquisition of Warner Bros Discovery. The settlement clears the last major legal hurdle for the deal, which must close by September 30 to avoid a $7 million daily penalty.
President Trump said he plans to authorize farmers and ranchers to process their own food, aiming to break up what he called a 'nasty monopoly' of the four major meatpacking firms, following a push from conservative commentator Glenn Beck.
Swiss generic drugmaker Sandoz has reached a settlement agreement to pay $450 million to 43 US states and territories to resolve antitrust litigation alleging anti-competitive conduct and price manipulation in the generic medicines market. The settlement includes no admission of wrongdoing and will not affect the company's financial guidance.
Warner Bros Discovery shareholders voted to approve the company's proposed $110 billion merger with Paramount Skydance, one of the largest media consolidations in history. The deal now faces regulatory scrutiny in Washington and London.
Bipartisan efforts are emerging at federal and state levels to regulate pharmacy benefit managers (PBMs), with proposals including barring companies from owning both PBMs and retail pharmacies. Two states have already enacted such restrictions, while federal legislation has gained support from both conservative Republicans and progressive Democrats.
