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Judge blocks $2.2 billion merger of Penguin Random House and Simon & Schuster

Penguin Random House United States Simon & Schuster DOJ Department of Justice Joe Biden Jonathan Kanter

A federal judge blocked on Monday Penguin Random House's move to acquire rival publisher Simon & Schuster in a win for the Biden administration, which has sought to push the envelope of antitrust enforcement.

Why it matters: The ruling, which comes after a three-weeklong trial, would significantly impact the publishing industry, though Penguin Random House plans to appeal.

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‘Not exactly his favorite senator’: Susan Collins distances herself from Trump in Maine debate

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One subscription that gives you access to news from hundreds of sites

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‘Not exactly his favorite senator’: Susan Collins distances herself from Trump in Maine debate

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