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...Companies that are defined as gatekeepers, including Apple, Amazon and Google, need to fully comply with these rules under the Digital Markets Act by early next month....
...Each wants to win new customers with a suite of state of the art AI tools and services, and use the technology to enhance other core products....
...It currently takes Temu between one and three weeks to deliver orders to the US, with its express service taking between four and nine days....
...In 2022, the UK also imposed a three-year ban on Bain bidding for government contracts, citing the South Africa scandal, but it reversed the decision last March....
...Amazon Web Services, the tech giant’s cloud computing unit, bought the centre from US power generator Talen Energy, which developed the site adjoining a nuclear power station....
...One person involved in the Amazon negotiations for Diamond described the deal with the Seattle-based behemoth using a sports analogy: Diamond was like a player with an expiring contract acquired at the midseason...
...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
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...We don’t know too much yet about the Amazon complaint, but allegations include tying Prime membership to product shipping services. Those are contracts....
...Its streaming service has about 18.5mn active users and the company made $28mn in net income on $1.68bn of revenue last year. But it shows Walmart is serious about building a rival to Amazon Prime....
...Amazon said it was “compliant” with the rules and that it had “engaged constructively with the European Commission on our plans since the designation of two of our services”....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...The National Basketball Association is the next major sports league looking to sign a new media contract....
...Amazon, Microsoft, Meta, Google parent Alphabet and music streaming service Spotify are among the companies that have signalled plans to strike such a balance this year....
...Amazon Web Services, Microsoft and Google have benefited from growth in global enterprise spending on cloud services, while Meta and Google were buoyed by increased advertising and consumer spending as concerns...
...If the DoJ is successful, potential remedies may range from ordering a break-up of the company to imposing changes on how Apple crafts contracts or runs its business....
...Avid Bioservices, a small-cap company that helps develop and manufacture drugs for pharmaceutical companies, filed this with the SEC yesterday: On February 29, 2024, Avid Bioservices, Inc....
Case studies in best practice among general counsel and company legal teams in North America
...Netflix executives have long played down any interest in pursuing live sports deals even as rival streaming services from Apple and Amazon have started to screen professional sports to attract subscribers...
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...Nvidia leads in the manufacture of advanced semiconductors; Microsoft and Amazon provide cloud-hosting....
...The case turns on a legal stipulation that bars the sale of “investment contracts” unless they are registered as securities with federal regulators....
...While the indemnification policies announced by Microsoft, Amazon and Alphabet are similar, their customers may want to negotiate more specific indemnities in contracts tailored to their needs, though that...
...Bundling digital services could help to solve that problem. Offering packages of TV services is not a novel concept....
...Now that exchange traded funds holding actual bitcoin — rather than futures contracts — have finally been given the go-ahead, a new process has begun: winning over the due diligence experts used by client-facing...
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