PRESS DIGEST-New York Times business news - July 14

Paramount Skydance
Warner Bros Discovery

Paramount Skydance

PSKY

0.00

Warner Bros Discovery

WBD

0.00

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

-The U.S. and Iran returned to open conflict less than a month after the two sides reached a truce, with U.S. forces striking Iran for a third consecutive night and President Donald Trump reinstating a naval blockade on Iranian ports.

-U.S. President Donald Trump said that the United States wouldcharge a 20% fee on all cargo shipped through the Strait of Hormuz to recover the cost of providing military protection to vessels using the waterway.

-A coalition of 12 Democratic states including California, New York and Washington filed a lawsuit to block Paramount's PSKY.O $111 billion acquisition of Warner Bros. Discovery WBD.O, arguing that the deal would damage the competitive market for distributing films.

-Federal Reserve governor Christopher Waller said the central bank might soon have to raise interest rates if this week's inflation data appears higher than expected.