The big danger of the Justice Department's loss in its attempt to block AT&T's merger with Time Warner is that it will discourage the DOJ from pursuing other antitrust cases. That would be an unfortunate outcome, because the case was unusual and doesn't necessarily portend similar outcomes in other cases. Indeed, the DOJ has good reason both to block some other outstanding mergers and to believe it could win those cases. The US Justice Department lost its effort to block AT&T's merger...

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