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Walmart's Inside Story won over Flipkart: DealBook Briefing



• Recent Revelations:

• AT & T told employees that they paid $ 600,000 for antitrust-related insight into antitrust issues when they purchased the $ 85.4 billion Time Warner acquisition [19659003] attacked the Affordable Care Act and promises to lower drug prices.

• Mr. Cohen helped Squire Patton Boggs land a client: US Immigration Fund, which links American companies to foreign investors and says the WSJ, has ties to Kushner Companies. 1

9659005] He sought out these clients after Michael Avenatti, the lawyer of Stormy Daniels.

Some critics of the White House, such as the Democratic Senator Brian Schatz, snorted about it :

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Mr. Cohen's self-assessment in 2017, according to the WaPo: "I'm crushing it."

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The recent impact of Trump's foreign policy

In Mexico: President Trump's antagonism has lifted Andrés Manuel López Obrador, a presidential candidate of Trump who, according to Bloomberg Businessweek's recent cover story, exasperates corporate leaders.

In Iran: Oil prices have barely changed after Trump has withdrawn from the nuclear program, but companies are watching its government impose new sanctions. Boeing, which will lose a $ 20 billion deal, has downplayed the impact.

In China, sanctions have put ZTE, once one of the country's most successful technology companies, at the door. An analyst warned, "In the long term, this could be strategically worse for the US than the current situation." Meanwhile, Beijing is looking for potential US imports to avoid a trade war.

The Political Bypass

• Democratic Senators have asked Carl Icahn and Scott Pruitt to explain how Icahn's own CVR Energy was exempted from a biofuel law. (Reuters)

• Automakers seeking loose regulations fear the Trump administration may go too far. (NYT)

• Mick Mulvaney has relocated the CFPB student loan department to his consumer information department, which may prevent an investigation by lender Navient and upset former colleagues in Congress by asking them to reduce their spending.

• President Trump wants pharmaceutical companies abroad to charge more to lower prices in the US. The plan, like other pharmaceutical industry policies, has strong criticism.

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Eric Schneiderman

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Mary Altaffer / Associated Press

How violent will the next Attorney General of New York be?

Eric Schneiderman succumbed to the big banks for mortgage abuse and fought the Trump government with environmental regulations. Whoever replaces him has to decide if he should follow his contentious steps.

His interim representative, Barbara Underwood, said she plans to continue this work, albeit less aggressively. The first test could be an investigation into whether Exxon Mobil misled shareholders about climate change.

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Dominic Parton, global managing partner at McKinsey.

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Gian Ehrenzeller / EPA, on Shutterstock

The Litigation Around the Corner

• Jay Alix, a leading restructuring specialist, accused McKinsey & Company of deceiving bankruptcy courts about conflicts of interest. (NYT)

• The NBCUniversal legal team – with unusually little help from outside lawyers – admitted to NBC News executives about the misconduct in Matt Lauer's treatment. (NYT)

• The Royal Bank of Scotland has agreed to pay $ 4.9 billion to negotiate the sale of toxic mortgage-backed securities ahead of the global financial crisis with the Department of Justice. (WSJ)

• Wells Fargo confirmed pocket discounts that he would have passed on to a public pension fund in Tennessee. (WSJ)

• Wu Xiaohui, the founder of China, was sentenced to 18 years in prison for fraud. (NYT)

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Rifles in a factory by Storm Ruger.

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Eric Thayer / Reuters

Weapon Control Activists (and Nuns) Win in Storm Ruger

For weeks, the gun manufacturer had called on shareholders to reject a proposal from nuns calling for more transparency in plans for safer firearms. But investors sided with the nuns and asked Sturm Ruger to write a report on how he tracks the violence associated with his products and provides information on how to research so-called smart guns.

The CEO of Storm Ruger, Christopher Kilroy, played the meaning of the move, saying, "That's it, a report." And a former NRA executive, Sandra Froman, won re-election to the board.

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Lucas Jackson / Reuters

Why Fox Enters a Deal While Waiting for Disney and Comcast

Although 21st Century Fox increasingly considers Sinclair Broadcasting to be rivals, the transaction they announced yesterday – where Fox will buy seven stations from Sinclair and Tribune for $ 910 million – makes sense. Fox wanted to own more of its local affiliates, while Sinclair needs to satisfy antitrust regulators.

Meanwhile, Fox's quarterly earnings announcement yesterday shows why Disney and Comcast are eagerly looking for their assets, says Tara Lachapelle of Bloomberg Opinion.

Elsewhere in Deals: Sears shareholders were excited about the agreement to install tires for Amazon customers. US-based Stealth BioTherapeutics is reportedly planning to go public in Hong Kong. The Asmodee Group, the game company behind DealBook's favorite settlers from Catan, is reportedly considering selling for more than $ 1.7 billion. How Goldman Sachs got stuck in a bad Burberry deal. SoftBanks Vision Fund has found more investors.

The Speed ​​Was

• The Qatar sports network is being stolen to a remarkable extent, probably as part of a blockade led by Saudi Arabia. (NYT)

• FIFA met seven leading football teams to host an expanded club world championship. (NYT)

• California became the first state to need all the new homes to produce solar energy. (NYT)

• A new bill in Germany could allow class actions for the first time. (WSJ)

• Speech systems such as Siri and Alexa will follow instructions that are inaudible to humans, researchers have shown. (NYT)

• Meet Japan's Bitcoin King, who raised funds from his old employer Goldman Sachs; and Silvergate Bank of San Diego, a community lender who has pioneered the crypto-currency industry.

• Ev Williams, by Blogger, Twitter and Middle Glory, has a manifest to fix the Internet. (NYT)

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