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Weinstein Co. purchase falls through over concerns of "viability"

Harvey Weinstein. Photo: Drew Angerer / Getty Images

The group planning to purchase Weinstein Co. is backing out of the sale, Bloomberg reports, after "an examination raised questions about the viability" of the studio.

Why it matters: The $500 million deal that was reached just four days ago included $250 million to pay off debts and $275 million in investments. Maria Contreras-Sweet, who leads the group which included billionaires Ron Burkle and Len Blavatnik, said "she would consider acquiring Weinstein assets if they become available in bankruptcy," Bloomberg reports.

Go deeper

Zachary Basu, Dave Lawler
12 mins ago - World

Biden administration releases long-awaited Khashoggi report

Photo: Bandar Algaloud / Saudi Kingdom Council / Handout/Anadolu Agency via Getty Images

The Office of the Director of National Intelligence (ODNI) has released an unclassified report assessing that Saudi Crown Prince Mohammed bin Salman (MBS) approved the operation to "capture or kill" Washington Post journalist Jamal Khashoggi in 2018.

Why it matters: The grisly October 2018 murder of Khashoggi inside the Saudi consulate in Istanbul sparked worldwide outrage and calls for the U.S. to fundamentally reevaluate its relationship with the Gulf kingdom.

Go deeper (2 min. read)Arrow
Axios
Updated 18 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: Employers mull COVID vaccine requirements — New data reignites the debate over coronavirus vaccine strategy — Pfizer begins study on 3rd vaccine dose as booster shot against new strains.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.
Go deeper (1 min. read)Arrow
Oriana Gonzalez
Updated 1 hour ago - Politics & Policy

Democrats call for briefing on legal justification for Biden's Syria strike

Sen. Tim Kaine. Photo: Erin Schaff-Pool/Getty Images

Sens. Tim Kaine (D-Va.), Chris Murphy (D-Conn.) and Rep. Ro Khanna (D-Calif.) are among the Democrats criticizing the Biden administration for Thursday night's airstrike against facilities in Syria linked to an Iran-backed militia group, demanding that Congress immediately be briefed on the matter.

Why it matters: The strikes, which the Pentagon and National Security Council say were a response to threats against U.S. forces in the region, constitute the Biden administration's first overt military action.

Go deeper (1 min. read)Arrow