Report: Trump may use CNN as "leverage" in AT&T-Time Warner merger
President Trump's escalating feud with CNN may bleed into the regulatory review of AT&T's proposed $85 billion merger with Time Warner, according to Michaele Grynbaum in The New York Times:
Flashback: Trump signaled his opposition to the deal with it was first announced last October, and reiterated it in an interview with Axios just before his inauguration (although he also admitted that "I haven't seen any of the facts yet").
Why it matters: There could be a chilling effect on M&A activity if it was believed that the Department of Justice would block a merger — or require applicants make certain concessions — due to a political beef between an applicant and the White House. It also would be sure to spark legal challenges.