HBO

AT&T signals ceasefire with activist investor

Illustration: Sarah Grillo/Axios

AT&T on Monday agreed to make major changes after a six-week standoff with activist investor Elliott Management.

The big picture: Current AT&T management stays, at least for now, but only after promising to boost buybacks, committing to lofty earnings targets, and promising to find someone new to run its media unit.

Iraqi president: U.S. withdrawal in Syria adds to "perfect storm" in Middle East

In an interview with Jonathan Swan for "Axios on HBO," Iraqi President Barham Salih said the U.S. withdrawal in Syria has led to a "perfect storm" in the Middle East.

The big picture: President Trump's abrupt withdrawal of American troops in northern Syria earlier this month has left the region in disarray, with Turkish forces invading when not bound by ceasefire agreements. Hundreds of thousands of Kurds are being displaced.