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Police block a street by Port Authority Bus Terminal near New York’s Times Square following an explosion on Monday, Dec. 11, 2017. Photo: Andres Kudacki / AP

New York City Mayor Bill de Blasio said during a press conference Monday that the explosion at a subway station near Times Square was “an attempted terrorist attack."

New York City police commissioner James P. O'Neill also identified the suspect as 27-year-old Akayed Ullah. O'Neill said Ullah "intentionally" set off a "low-tech" pipe bomb, which caused minor injuries to 3 others and serious injuries to himself. Ullah is in custody and has been transported to Bellevue Hospital where he is being treated for his injuries.

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Dunkin' Brands agrees to $11B Inspire Brands sale

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Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

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6 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.