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Stock impact report

Trump hopes to keep winning when he takes ABC News, CBS News to court over alleged 'dishonest reporting' [FOX News]

Paramount Global - Class A (PARAA) 
Company Research Source: FOX News
President-elect Donald Trump is not letting up in a pair of high-profile lawsuits against ABC News and CBS News, even after his resounding White House victory last month. Trump is suing ABC News and anchor George Stephanopoulos for defamation over on-air remarks he made earlier this year. Trump is also suing CBS News for $10 billion in damages, stating the network practiced "deceptive conduct" for the purpose of election interference in its interview in October with Vice President Kamala Harris. Both lawsuits remain active and ongoing with a pre-trial discovery hearing set for Friday in the suit against the Disney-owned outlet, while the CBS suit could potentially impact an enormous media merger. "President Trump will continue to hold those who have committed, and are committing wrongdoings, accountable for blatantly false and dishonest reporting, which serves no public interest and only seeks to interfere in our elections on behalf of political partisans," incoming Trump White H Show less Read more
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