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...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Increasing returns I used to think competition was a stronger economic force than it really is....
...Alphabet, Meta, Microsoft and Apple hold dominant positions in increasingly mature industries (digital ads, enterprise software and smartphones)....
...An Rmb2tn ($280bn) stock market “stabilisation fund” drawn from the offshore money of state-owned enterprises is reportedly being considered....
Adviser was working on the overhaul of a Nasdaq-listed group that US regulators charged with fraud
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
...But the arrival of generic competition had gone “exceptionally well”, AbbVie’s incoming chief executive Robert Michael concluded at an investor event earlier this year....
...“They tend to hang back and wait until there is a confluence of technology, and they can offer one of the finest representations of that technology,” said Igor Jablokov, chief executive of AI enterprise...
...Take the late Robert Solow’s exogenous growth theory....
...Under a strategy driven by the company’s 58-year-old, MIT-educated executive chair Michael Saylor, MicroStrategy has been buying bitcoin since 2020....
...Southwest CEO Robert Jordan voiced some support for Boeing, saying: “I have absolute confidence they will work their way through this and address the issues.”...
...Hopes of a cameo in a Michael Lewis book? Any of this is enough to set the SEC sniffing around....
...As well as converging market valuations, Microsoft and Apple are also neck-and-neck in enterprise value, which takes account of the companies’ cash piles. Additional reporting by Michael Acton...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. How thick is private credit’s equity cushion?...
...If you think this is a buy signal, email me: robert.armstrong@ft.com. Starboard vs News Corp Wall Street has an undeserved reputation for cynicism....
...Meanwhile, send us your fast food preferences (but if you think KFC is better than Popeye’s you can just cancel your subscription): robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. More good inflation news Fewer wild price swings makes inflation forecasting easier....
...of burger and fries / From Michael Poynor, Founder and Managing Director, Retail Expertise, Barcelona, Spain...
...“[It] marks our first major investment into the global mining sector,” said Robert Wilt, executive director of Manara Minerals, the Saudi joint venture set up in January....
...Michael Strain, director of economic policy studies at the American Enterprise Institute, a conservative think-tank, sees more “continuity” than change over who is involved in the campaign between the first...
...Robert also holds the titles of chair and chief executive officer. Michael Greenberg, his son and co-founder, is president....
...robert.shrimsley@ft.com...
...On Monday, the Pittsburgh icon US Steel announced it had reached a deal to sell itself to Japan’s Nippon Steel at a total enterprise value of $15bn....
...State capture involves the ruling party taking control of core institutions such as the courts and business enterprises, and setting up “networks of corrupt actors that act collectively to pursue private...
...Send your own observations to: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Homebuilders, or, why we feel very dumb now Back in January, we wrote about our picks for the 2023 FT stock picking contest....
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