Business & Markets — June 13, 2026

DOJ clears Paramount-Warner Bros. Discovery merger. The Justice Department approved Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, finding no competitive threat. But a coalition of state attorneys general -- led by California -- is preparing a legal challenge.

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Oil analysts warn of summer price risk near Hormuz. Oil prices have held below predicted spikes despite the Iran war, but analysts caution the Strait of Hormuz's continued closure could push U.S. gas prices higher by late summer.

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Kevin Warsh chairs his first Fed policy meeting. Warsh held his debut Federal Reserve meeting Friday, giving markets their first read on his communication style as chairman. He prefers that title over the gender-neutral "chair" used by his predecessors.

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