What you need to know on Wall Street today

AP Images

Meg WhitmanAP Images

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

President Donald Trump told White House reporters on Tuesday that AT&T’s proposed acquisition of Time Warner is “not good for the country.”

His comments echo sentiments he voiced on the campaign trail in October 2016, and they come one day after the US Department of Justice sued to block AT&T’s $US84.5 billion takeover of Time Warner.

Elsewhere in the telecom world, the FCC just released its plan to repeal Obama’s internet neutrality rules. The final draft of the closely watched plan would let internet providers block apps and create fast lanes – read the full plan.

Uber reportedly paid hackers $US100,000 to cover up a cyberattack that exposed the personal data of 57 million people – here’s how they hid the breach.

Meg Whitman, one of Silicon Valley’s best-known execs, is stepping down from the CEO job at Hewlett Packard Enterprise. She told employees that news of her departure should come as “as no surprise.”

Meanwhile on Wall Street, Tourbillon Capital, a $US3.4 billion hedge fund firm led by Jason Karp, is suffering, according to a note to investors seen by Business Insider.

In other news:

Lastly, the here’s how to pick the perfect wines for the holiday season.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.