Wall Street Journal

Apparently, the Justice Department antitrust enforcement staff have told T-Mobile and Sprint that their planned merger is unlikely to be approved as currently structured, casting doubt on the fate of the $26 billion deal. In a meeting earlier in April, DOJ staff members laid out their concerns with the all-stock deal and questioned the companies’ arguments that the combination would produce important efficiencies for the merged firm.

The White House moved to exert greater control over the federal regulatory process by imposing additional scrutiny over independent government agencies when they establish new policies, guidelines or rules that affect large swaths of the economy.