News bites: Obama’s legacy hinges on regulatory fights

The president’s biggest second-term challenge might be protecting his first-term victories in the rule-making process, Washington Monthly reports.

Rupert Murdoch is urging regulators to revise media ownership rules as he looks to acquire The Los Angeles Times, according to The New York Times.

Regulators are pushing the Supreme Court to ban so-called “pay for delay” practices at pharmaceutical companies, The Associated Press reports.

A Federal Reserve official is blasting fellow bank regulators for delayed action on the foreclosure crisis, according to The Wall Street Journal.