From the bench: U.S. District Judge Richard Leon is expected to announce his decision today on the proposed AT&T-Time Warner merger, the biggest antitrust trial in years. When the merger was announced, the Justice Department sued to block the $85 billion merger, arguing that it would hurt competition in pay TV and cost consumers more to stream TV and movies. Read the full story.
How much?: The CEO of Iqvia Holdings takes home more money than any other top pharmaceutical or biotech company executive, The Wall Street Journal reports. CEO Ari Bousbib made $38 million last year, but Iqvia doesn’t have a blockbuster drug or cutting-edge genetic treatment and its annual revenue is just $8 billion. Iqvia is a data company that collects prescription sales, medical claims and other patient records, and analyzes that information for drugmakers, insurance companies and governments. Read the full story.
Oil inflation: U.S. consumer prices rose 0.2% in May, with surging gasoline costs—up 21.8 % from last year—driving much of the increase. The Labor Department also says the consumer price index climbed 2.8% last month from a year earlier, putting inflation on its fastest annual pace since February 2012. Read the full story.
