The big deals coming down the pike this year, even as the deals landscape looks more dicey then expected.

AT&T / Time Warner
  • Deal value: $85 billion
  • Deal status: DOJ suing to block deal. Court date is in March.
  • Likelihood of passage: Debated. AT&T thinks it will go through.
  • What would stop passage: Anti-competitive concerns around AT&T owning a direct-to-consumer service (DirecTV) with internet pipes and a content arm (Time Warner).
Walt Disney Co. / 21st Century Fox
  • Deal Value: $52.4 billion
  • Deal status: Pending DOJ approval
  • Likelihood of passage: Seems likely
  • What would stop passage: Anti-competitive concerns around Disney owning a large chunk of regional sports networks in the U.S.; competitive leverage over theater owners
Sinclair Broadcasting Group / Tribune Media
  • Deal Value: $3.9 billion
  • Deal status: Pending DOJ and FCC approval
  • Likelihood of passage: Seems likely
  • What would stop passage: The DOJ has asked Sinclair to divest 10 stations ahead of the merger, but it seems like Sinclair is playing ball with regulators.
CBS Corp. / Viacom
  • Deal Value: TBD. CBS' market cap is $21.65 billion. Viacom's market cap is $12.77 billion.
  • Deal status: Both companies have formed exploratory committees to evaluate potential merger. There’s rumors that the deal would be structured as "an all-stock transaction with CBS acquiring Viacom," according to Variety.
  • Likelihood of passage: Seems likely.
  • What would stop passage: Experts say if a Disney/Fox merger is approved, there's no reason that this deal, which is much smaller and similarly structured, wouldn't pass as well.

Fun read: Recode's Edmund Lee lays out a good case for why Amazon should buy CBS.

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53 mins ago - Economy & Business

The 2020 holiday season may just kill Main Street

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Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.

California to independently review FDA-approved coronavirus vaccines

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.

Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.