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Trump's Revenge: DOJ Demands CNN Sale To Approve AT&T Deal; CEO Denies Offering Sale

Trump's Revenge: DOJ Demands CNN Sale To Approve AT&T Deal; CEO Denies Offering Sale

Update 2: The plot thickens. As The Hill reports, AT&T and Time Warner offered to divest CNN, however the DOJ Antitrust Division flatly rejected the proposal, Justice Department sources said. But AT&T CEO Randall Stephenson said in a statement Wednesday afternoon that he was not entertaining the idea of selling CNN from the combined company:

Will Xi Offer Trump A Small Victory On Trade As Cover For His Longer-Term Ambitions

Will Xi Offer Trump A Small Victory On Trade As Cover For His Longer-Term Ambitions

On Monday, Trump pressed Japan’s Prime Minister and business leaders to reduce the $69 billion trade deficit. A couple of badly made jokes, awkward moments and an unfair singling out of the auto industry later, we expressed our scepticism that the Japanese would do anything after he left (see “Trump Says Trade With Japan Is Not Fair And Not Open – Awkward Moments Ensue” here).  Today Trump touched down in Beijing for two days of meetings, including eagerly awaited talks with China’s greatest leader since Mao, Xi Jinping.

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