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...Apple responded by saying that “the changes we’re sharing for apps in the European Union give developers choice — with new options to distribute iOS apps and process payments”....
...At the same time, Biden has scaled up his fundraising efforts among Democrats on Wall Street to pay for his re-election campaign against Trump, in which he has a substantial financial advantage....
...This new generation of “trust busters” lament excessively lax antitrust policy in recent decades that they say has harmed competition across the US economy....
...Number one, it’s going to be a hell of an expensive antitrust case. Number two, you’re going to get very different outcomes depending on which product you’re looking at....
...The iPhone 15 starts at Rbs95,990 ($1,071) from re:store, Apple’s former authorised reseller in Russia, as opposed to $799 in the US....
...Instead, we’re seeing the reverse. Big investors are not merely distancing themselves from clubs they recently joined....
...“We’re disappointed that Amazon’s acquisition of iRobot could not proceed,” said David Zapolsky, Amazon’s senior vice-president, in a statement on Monday....
...Damien Geradin, an antitrust lawyer who has represented companies in probes against Apple and Google, said fines did not work as deterrents....
...After a weak year for dealmaking in 2023 partly due to tougher antitrust enforcement and high interest rates, recent months have seen a resurgence in megadeals as chief executives become more confident that...
...But over the last few months, antitrust authorities, competition regulators across the western world really — the EU, the UK and the US — they’re all starting to examine the relationship between the two...
...Ofcom has referred the $500bn cloud computing industry to the Competition and Markets Authority for an antitrust investigation, after the UK communications regulator found that Microsoft and Amazon dominated...
...But why are we interested in the FTSE? Katie MartinOf course, we’re interested in the FTSE....
...They’re trying to latch that on to the kind of key school of thought that has underpinned antitrust law and the application of antitrust law in the US for the past few decades, which basically is the point...
...We are fully committed to enforcing the laws that Congress has assigned us — and to ensure that we’re doing so effectively....
...Ethan WuWho’s the head of the Federal Trade Commission in the US — the main antitrust enforcer....
...Adobe’s proposed $20bn merger with Figma would harm competition in product design software by uniting two of the main companies in the sector, the UK’s antitrust regulator has said in the latest challenge...
...“Structural” solutions such as breaking up a company “are seldom used in antitrust cases anymore. What does a federal judge know about breaking up the Amazon empire?...
...Novick was initially part of the Takatso consortium that bid for the SAA stake, but withdrew last July at the behest of antitrust authorities given his involvement in Lift....
...Munich Re, one of the world’s biggest reinsurers and a founding member of an alliance of insurance groups aiming to curb the climate impact of their underwriting, has quit the body, citing “material antitrust...
...And if you’re off by just a little bit, it ends up getting magnified in the ultimate profit and loss statement. Sonja Hutson Sujeet Indap is the FT’s Wall Street editor. Thanks, Sujeet....
...The suitors will be hoping they’re in for a bargain. Sigma’s Canadian shares are down about one-third since September, reflecting the plunge in lithium prices....
...One note to start: In this special edition of DD, we’re looking ahead to some of the biggest themes that will affect dealmaking, private equity, corporate finance and much more in the coming months....
...As Lael Brainard, Biden’s national economic adviser, told reporters: “We’re on a path to cut emissions in half by 2030. And we’re doing so in the context of solid growth....
...The fine, about €500mn, is the culmination of an antitrust probe into whether Apple has used its own platform to favour its services over those of competitors....
...Khan is among a cohort of progressive antitrust officials appointed by US president Joe Biden in an effort to tackle excessive corporate power in the US....
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