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AT&T failed to provide requested documents to Senate probe of payments made to Michael Cohen

AT&T Inc. T, -1.82% failed to provide asked documents to a Senate investigation of payments made to President Donald Trump's former private legal professional Michael Cohen by the use of a shell corporate within the months after Trump's election in 2016, consistent with a file at the probe. AT&T, Swiss drug corporate Novartis NVS, -Zero.32% private-equity company Columbus Nova, an investment corporate with ties to sanctioned Russian oligarch Viktor Vekselberga and Korea Aerospace Industries made payments totaling $4 million to Cohen, consistent with press reports and a memo released by Michael Avenatti, the legal professional representing Stephanie Clifford, a pornographic movie actress known as "Stormy Daniels," who was paid $130,000 by the shell corporate to stay quiet about an alleged affair with Trump. "Novartis provided the Senators with documents reflecting the company's communication with Mr. Cohen, but declined to provide other documents requested by the Senators, including any documents reflecting internal communications regarding Mr. Cohen and his role with the company," said the file. "A similar letter was sent to AT&T, which did not provide all of the requested information. While AT&T made a number of assertions about their relationship with Mr. Cohen and why he was hired, the company failed to provide any of the requested documents." AT&T shares have been down 2% in early trade, and feature fallen 18.7% in 2018, while the S&P 500 SPX, -Zero.20% has gained 4.6%.