Attorney General Jeff Sessions in August. Photo: Chuck Burton / AP

The U.S. Justice Department has filed an antitrust challenge to Parker Hannifin's $4.4 billion purchase of Clarcor, which was completed back in February. At issue is DoJ's belief that the merger eliminated all competition in the market for airplane fuel filtration products. The Trump Administration isn't asking for the entire merger to be unwound, but does want the court to force Parker Hannifin to sell off either its own airplane filtration business or Clarcor's.

Why it matters: This is the first antitrust action brought by Trump's DoJ, although his FTC earlier sought to block the DraftKings-Fanduel merger (which was subsequently canceled).

Bottom line: The antitrust "waiting period" for this deal expired on Jan. 18, and Parker Hannifin formally closed the deal one month later. But DoJ now says that its lack of objection at the time wasn't reflective of de facto approval after review, but rather was the result of Parker Hannifin's failure to provide requested documents and data.

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Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.