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The European Commission is investigating the $111 billion Paramount-WBD deal.

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U.S. entertainment giant sought EU approval under its Foreign SubsidiesRegulation.

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Consumer-price growth remains at three-year highs.

  • The energy index surged 3.9% MoM in May, driving a 23% YoY increase mainly from oil.
  • Core CPI rose only 0.2% MoM, less than the 0.3% estimate, indicating limited underlying inflation.
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