Matthew Goldstein
Trump Puts $4 Billion in Shares of His Media Company in a Trust
President-elect Donald J. Trump transferred all of his shares in the social media company that bears his name to a trust controlled by his eldest son, according to a regulatory filing. The filing with the Securities and Exchange Commission said Mr. Trump had moved his roughly 115 million shares in Trump Media & Technology Group, the parent company of Truth Social, to the trust.
Sprint-T-Mobile Merger Faces New Hurdle With Lawsuit by States
A group of attorneys general from 10 states filed a federal lawsuit in a bid to block a proposed merger between the wireless carriers T-Mobile and Sprint, a $26 billion deal that has yet to receive the Justice Department’s approval. The lawsuit, led by Letitia James of New York and Xavier Becerra of California, contends that competition will suffer and consumer prices will rise if the companies combine. Colorado, Connecticut, the District of Columbia, Maryland, Michigan, Mississippi, Virginia and Wisconsin joined the complaint, which was filed in Federal District Court in Manhattan.