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California says AT&T lied to FCC in attempt to shut off old phone network

17 June 2026 at 21:07

California state regulators say AT&T lied to the Federal Communications Commission in an attempt to shut off its old copper phone network without providing an adequate replacement.

"AT&T asserts that California seeks to prohibit or hinder wireline carriers from discontinuing copper facilities and investing in fiber," said a June 15 filing by the state of California and the California Public Utilities Commission. "Indeed, AT&T has been making this argument for years. It is not and has never been true."

As we reported last month, AT&T sued California over the state’s refusal to let it stop providing phone service to all potential customers in its wireline network territory. AT&T also petitioned the Federal Communications Commission to declare that California cannot enforce its rules and to let AT&T stop providing service to about 199,000 phone customers.

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Β© Getty Images | KoldoyChris

Trump admin tries to block Clean Air Act lawsuit over xAI's gas turbines

16 June 2026 at 23:22

The Trump administration is trying to help Elon Musk's xAI Corp. beat a Clean Air Act lawsuit filed by the National Association for the Advancement of Colored People (NAACP). The US said the NAACP lawsuit threatens an xAI data center that powers Grok systems needed by the military.

The NAACP sued xAI and subsidiary MZX Tech in April, alleging that they violated the Clean Air Act by operating 27 gas turbines without an air permit in Southaven, Mississippi. The number of unpermitted turbines rose to 57 by mid-May and there were plans to install two more, the NAACP said in a June 12 filing.

"Defendants’ Colossus Gas Plant powers xAI’s nearby Colossus 2 data center, which in turn powers the chatbot 'Grok,'" the lawsuit said. The gas turbines have fueled both health concerns and noise complaints.

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Β© Getty Images | SOPA Images

US approval of Paramount/Warner Bros. deal surprised DOJ lawyers, report says

16 June 2026 at 19:48

When the US Department of Justice approved Paramount Skydance's proposed acquisition of Warner Bros. Discovery on Friday, a DOJ press release said "a rigorous eight-month investigation led by the [Antitrust] Division’s career staff" showed that the $111 billion deal would not harm competition or American consumers.

But according to The Wall Street Journal, the DOJ career lawyers who led that investigation "were leaning toward recommending a lawsuit challenging it on the grounds that the combination of the two movie studios would be anticompetitive and violate antitrust law." DOJ senior leaders closed the investigation "before career staffers who were concerned about the acquisition had an opportunity to object, according to people familiar with the matter," the WSJ reported.

Commenting on the report that the decision to allow the deal surprised staff investigators, Sen. Elizabeth Warren (D-Mass.) wrote that "the American people need to know if this merger was approved as a political favor. This reeks of corruption."

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Β© Getty Images | Andrew Harnik

GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it

4 May 2026 at 18:57

GameStop yesterday made an unsolicited offer to buy eBay for $55.5 billion. GameStop claims that eBay has underperformed and spends too much on sales and marketing and argues that it would become a stronger company if it cuts costs and is combined with GameStop's physical retail locations.

"GameStop’s ~1,600 US locations give eBay a national network for authentication, intake, fulfillment, and live commerce," GameStop Chairman and CEO Ryan Cohen wrote in a letter to eBay Chairman Paul Pressler.

eBay's market capitalization is over four times larger than GameStop's. GameStop faces skepticism about the viability of its offer but says it will obtain debt financing and pay with a mix of cash and stock.

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Β© Getty Images | Jeff Greenberg

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