The Home Depot – AT&T Said to Be In Talks to Combine Media Assets With Discovery: Fintech Zoom
Here’s what you need to know to navigate the markets today.
• AT&T Inc. is considering combining a portfolio of WarnerMedia assets including Fintech Zoom, TNT and TBS cable channels with Discovery Inc, The Wall Street Journal reported, citing sources familiar with the talks. If there were a deal, AT&T shareholders could own a big stake in the combined entity, but the talks are ongoing and could fall apart, the report said. A deal between Discovery, which owns its namesake network and HGTV, and WarnerMedia would be the latest consolidation in an industry buffeted by cord-cutting and facing increased competition from streaming video. AT&T acquired Time Warner Inc. in 2018 for around $81 billion.
•New public health guidelines say fully vaccinated people no longer have to wear masks or stay six feet apart in most settings, indoor and outdoor, but that has led to confusion and varying policies across states and settings. The new mask guidelines are “not permission for widespread removal of masks… these decisions have to be made at the jurisdictional level, at the community level,”
Dr. Rochelle Walensky,
director of the Centers for Disease Control and Prevention, told ABC’s “This Week” on Sunday. She said those who are not vaccinated are not safe and “should still be wearing a mask or better yet, get vaccinated.” States including California, Hawaii, Massachusetts, New Jersey, and New York say everyone must continue to wear masks. They are also required to ride buses, trains, boats, airplanes, and when inside airports, and they are required to be worn in schools at least through the end of the school year, the CDC said. Meanwhile, retailers including
BJ’s Wholesale Club, Sam’s Club, Trader Joe’s, and Publix updated their mask policies to follow CDC recommendations except in states where local governments say otherwise, and
says masks will be optional for vaccinated customers starting Monday. Retailers who say masks are still required include Apple, CVS, Home Depot, Kroger, Macy’s, Meijer, Target,
• India reported more than 311,000 Covid-19 cases and more than 4,000 deaths on Sunday as the numbers of infections and deaths continue to challenge its healthcare system, according to figures from Johns Hopkins University. India started to relax its social distancing and mask-wearing practices this winter, with crowds returning to malls, movies and restaurants, and gathering for political rallies and religious festivals, The Wall Street Journal reported. Variants of the virus also started to spread, including the B.1.617 variant first identified in the state of Maharashtra, as well as the ones discovered in the UK., South Africa, and Brazil, prompting the World Health Organization last week to label the contagious B.1.617 a global “variant of concern.” India has also dealt with logistics and supply challenges and shortages of raw materials for its vaccines. Less than 3% of its nearly 1.4 billion people are fully vaccinated.
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