AT&T and Time Warner kicked off a hearing to defend their $84.5 billion merger. AT&T is no stranger to legal battles and anti-trust battles.
The main concern in vertical deals like the tie-up with Time Warner is foreclosure, Sen. Mike Lee said, which is denying competing companies access to suppliers and customers.
The Dow Jones Industrial Average's winning streak continued after closing higher for the 18th time in 22 sessions. The S&P 500 also hit a new record high.
Chairman and CEO Lowell McAdam argues that Netflix started off modestly, too.