Feds move to block $69 billion Microsoft-Activision merger
CBSN
Federal regulators have filed a legal motion to prevent Microsoft from completing its $69 billion deal for Activision Blizzard.
The Federal Trade Commission on Monday filed for a temporary restraining order and an injunction in the Northern District of California to stop the deal from closing.
Microsoft last year proposed to buy video game developer Activision Blizzard for $69 billion. The FTC sued the company in December to stop the merger, claiming it would harm competition in the video-game industry. The first hearing in that case is scheduled for August 2, according to court filings.
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Washington — The Senate is forging ahead this week on President Trump's "one big beautiful bill," facing a tight, self-imposed deadline to get the legislation to his desk ahead of the July 4 holiday.
U.S. economic growth is likely to hit the brakes this year, with GDP dramatically slowing due to the impact of the Trump administration's tariffs and uncertainty around its economic policies, the Organization for Economic Cooperation and Development, or OECD, said Tuesday.
Dutch prosecutors said Monday they were seeking to confiscate a record $253 million from one of Europe's most notorious drug lords, thought to be hiding in Sierra Leone.
Miami — Two South Florida shark divers convicted of theft for freeing 19 sharks and a giant grouper from a fisherman's longline several miles from shore have been pardoned by President Trump.
Republican Sen. Joni Ernst of Iowa defended herself Monday after drawing attention for telling a town hall attendee worried about proposed changes to Medicaid that "we all are going to die."
Washington — The White House unveiled a new portrait of President Trump on Monday, showing him in a slightly different light than the portrait released ahead of his inauguration in January.
The northern lights may be visible in parts of the U.S. tonight following weekend solar storms, forecasters said.
A judge in California on Monday blocked the Trump administration from using the wartime Alien Enemies Act to deport Venezuelan migrants in the Los Angeles area, ruling that the government hasn't promised adequate due process.
Six Nobel laureate economists said a massive budget bill passed by House lawmakers last month and backed by President Trump would weaken key safety-net programs while greatly lifting the federal debt.
Jonathan Joss, who voiced the role of John Redcorn in the animated TV show "King of the Hill," died Sunday after he was shot and killed at a home in San Antonio, Texas, police confirmed to CBS News. He was 55.
Eight people were injured in an attack Sunday in Boulder, Colorado, where peaceful demonstrators were marching to support Israeli hostages in Gaza, authorities said.
Walt Disney Co. is laying off hundreds of employees as part of a cost-cutting measure, CBS News has confirmed.
Colleges are slightly less diverse as admissions officers seek ways to adapt post-affirmative action
The full impact of the Supreme Court's June 2023 ruling that colleges can't consider race in admissions may not be known for years. But a CBS News analysis of enrollment records shows the first class of freshmen since the high court's order is a little less diverse than the class before it.