FCC approves merger of local television owners Nexstar and Tegna as two lawsuits seek to block it toggle caption Yuki Iwamura/AP The Federal Communications Commission on Thursday said it had approved the merger of local television giants Nexstar Media Group and rival Tegna, the same day that two lawsuits trying to block the deal were announced. Nexstar said last August that it would buy Tegna for ...
FCC approves merger of local television owners Nexstar and Tegna as two lawsuits seek to block it toggle caption Yuki Iwamura/AP The Federal Communications Commission on Thursday said it had approved the merger of local television giants Nexstar Media Group and rival Tegna, the same day that two lawsuits trying to block the deal were announced. Nexstar said last August that it would buy Tegna for $6.2 billion. The deal would create a company that owns 265 television stations in 44 states and the District of Columbia, most of them local affiliates of ABC, CBS, Fox and NBC. FCC Chairman Brendan Carr said the company had agreed to divest itself of six of those stations. The deal needed the approval of the Republican Trump administration's FCC because the government had to waive rules that limit how many local stations that one company can own. Nexstar said it had also received approval from the Justice Department, but attempts to independently confirm that were not immediately successful Thursday. Sponsor Message "We are grateful to President Trump, Chairman Carr and the DOJ for recognizing the dynamic forces shaping the media landscape and allowing this transaction to move forward," said Perry Sook, Nexstar's chairman and CEO. Attorneys general in eight states and DirecTV filed lawsuits with the U.S. District Court in Sacramento, California, seeking to block the merger. The lawsuits make similar arguments that the deal will lead to higher prices for consumers and stifle local journalism. The action was filed by the top lawyers in California, Colorado, Connecticut, Illinois, New York, North Carolina, Oregon and Virginia — all of them Democrats. "If this merger moves forward, cable prices will spike for consumers in New York and across the country," said Letitia James, New York attorney general, on Thursday. The state lawyers argued the merger would run afoul of federal laws designed to protect against monopolies. Similarly, DirecTV predicted the deal would allow Nexsta...
Hong Kong should review its crane safety guidelines to include mandatory testing for metal fatigue, an industry expert has said after the city recorded another fatal case involving a collapse. An operator was killed on Thursday afternoon when a tower crane fell at a construction site for the second phase of a public housing project on Tai Wo Hau Road, toppling onto a slope opposite Pik Kwai House ...
Hong Kong should review its crane safety guidelines to include mandatory testing for metal fatigue, an industry expert has said after the city recorded another fatal case involving a collapse. An operator was killed on Thursday afternoon when a tower crane fell at a construction site for the second phase of a public housing project on Tai Wo Hau Road, toppling onto a slope opposite Pik Kwai House at Kwai Chung Estate. The project’s main contractor, Woon Lee Construction, was previously fined by authorities over two fatal incidents at its sites in 2009 and 2011. Advertisement Chau Sze-kit, chairman of the Hong Kong Construction Industry Employees General Union, warned on Friday that the current mechanical inspections were insufficient. Chau said it was his understanding that the tower crane had undergone a thorough inspection earlier this month and was subject to regular daily checks. Advertisement “However, the checks were primarily visual inspection or mechanical tests of cables, and they did not cover metal fatigue. It remains to be seen whether the current inspection scope is sufficient,” he said. Chau said the crane at the site had only been in use for two to three years.
Canva is gearing up for a public debut next year, aiming for a 2027 IPO as it increases investment in artificial intelligence features for its design software, The Information reported, adding that the delay reflects a strategic move amid market uncertainty. The company boasts $4 billion in annualized revenue and consistent profitability. Canva is facing rising concerns over AI disruption, as tool...
Canva is gearing up for a public debut next year, aiming for a 2027 IPO as it increases investment in artificial intelligence features for its design software, The Information reported, adding that the delay reflects a strategic move amid market uncertainty. The company boasts $4 billion in annualized revenue and consistent profitability. Canva is facing rising concerns over AI disruption, as tools from companies like OpenAI could potentially replace traditional design software. More on markets, Calamos Long/Short Equity & Dynamic Income Trust Commentary Q4 2025 Commentary Invesco Convertible Securities Fund Q4 2025 Commentary Yiren Digital Ltd. 2025 Q4 - Results - Earnings Call Presentation China's PBOC kept its key lending rates unchanged Asian markets mixed after oil prices ease
A wave of US soybeans reached Chinese shores this year as a deal between the two nations revived the trade. But the delay of President Donald Trump’s visit to Beijing is clouding prospects over how long the influx will last. China brought in 1.45 million tons of US soybeans in February, the most since June, according to data from China customs. That added to 38,002 tons that arrived in January. Th...
A wave of US soybeans reached Chinese shores this year as a deal between the two nations revived the trade. But the delay of President Donald Trump’s visit to Beijing is clouding prospects over how long the influx will last. China brought in 1.45 million tons of US soybeans in February, the most since June, according to data from China customs. That added to 38,002 tons that arrived in January. They mark the first arrivals of a flurry of cargoes booked by state buyers after Trump and counterpart Xi Jinping struck a trade truce in late October. Still, after meeting an initial 12-million-ton pledge, China’s purchases have recently stalled. Traders expected fresh buying could materialize near a Trump and Xi summit that was slated for late March, but the US president is now focused on US military operations in Iran and said this week that the meeting has been postponed to mid-May. The uncertainty has weighed on soybean prices, with Chicago futures headed for a 4.3% weekly drop, the most in nearly a year and breaking a six-week rally. Hedge funds had been heavily long on soybeans, which also left the market vulnerable to a correction, according to Matt Bennett , co-founder at AgMarket.net. Trump signaled “the meeting might be off. Now we’ve found out later that the meeting was just going to be postponed,” Bennett said in an appearance on WillAg.Org’s Closing Market Report broadcast on Thursday. “I think they all got spooked by a combination of those two things along with a little better forecast for Argentina.” China’s US soybean imports also remain much lower than those from top supplier Brazil. The country’s market share has grown amid Beijing’s years-long push to diversify purchases and cut dependence on the US. Brazilian imports totaled 6.56 million tons in the first two months of 2026, more than 80% higher than a year earlier, according to the data. Soybeans in Chicago rose 0.3% to $11.725 a bushel Wheat and corn both fell slightly
U.S. Mint can begin to produce Trump commemorative gold coin toggle caption Alex Brandon/AP WASHINGTON — A federal arts commission on Thursday approved the final design for a 24-karat gold commemorative coin bearing President Donald Trump's image to help celebrate America's 250th birthday on July 4. The vote by the U.S. Commission of Fine Arts, whose members are supporters of the Republican presid...
U.S. Mint can begin to produce Trump commemorative gold coin toggle caption Alex Brandon/AP WASHINGTON — A federal arts commission on Thursday approved the final design for a 24-karat gold commemorative coin bearing President Donald Trump's image to help celebrate America's 250th birthday on July 4. The vote by the U.S. Commission of Fine Arts, whose members are supporters of the Republican president and were appointed by him earlier this year, was without objection. It clears the way for the U.S. Mint to begin production on the coin, whose size and denomination are still under discussion. "As we approach our 250th birthday, we are thrilled to prepare coins that represent the enduring spirit of our country and democracy, and there is no profile more emblematic for the front of such coins than that of our serving President, Donald J. Trump," U.S. Treasurer Brandon Beach said in a statement. Sponsor Message The unprecedented move marks yet another example of Trump and his allies circumventing conventional past presidential practices — and even the law — to get what he wants. It's the latest instance of Trump putting his name and likeness in the historical archive, following his renaming of the U.S. Institute of Peace, the Kennedy Center performing arts venue and a new class of battleships, among other tributes. Federal law says no living president can appear on U.S. currency. But Megan Sullivan, the acting chief of the Office of Design Management at the Mint, said the Treasury secretary has authority to authorize the minting and issuance of new 24-karat gold coins, which Scott Bessent has used to get around that prohibition and put Trump on a coin. She presented the coin's final design at the commission's March meeting on Thursday and said Trump had approved it. "It is my understanding that the secretary of the Treasury presented this design, as well as others, to the president and these were his selection," Sullivan said. The White House and the Mint did not immediat...