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A Russian tanker blocking access to the Kerch Strait, Nov. 25. Photo: Alexei Pavlishak/TASS/Getty Images

Ukraine claimed that Russia opened fire on its navy ships in the Kirch Strait, a sea passage between Crimea and Russia's mainland, on Sunday, damaging one and escalating the ongoing Crimean crisis, per the AP.

The big picture: The standoff led Ukrainian President Petro Poroshenko to convene his military cabinet. Russia earlier blocked access to the strait after it claimed Ukrainian naval vessels ventured into Russian waters. Ukraine claims it gave Russia advance warning about the movement of its navy ships. Russia's blockade of the strait with a tanker effectively cuts off sea access for Ukrainian cities that lie on the Sea of Azov, reheating the geopolitical crisis that kicked off with Russia's annexation of Crimea in 2014.

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Dan Primack, author of Pro Rata
Updated 8 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

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.

Ina Fried, author of Login
10 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.