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...Chart du jour: Multi-grain In the search for a European equivalent to Wall Street’s Magnificent Seven, analysts have come up with the “Granolas”, lumping together top pharma, tech and luxury companies....
...Doing nothing, however, isn’t an option....
...The charges affect a relatively small part of Google’s business — advertising, such as newspaper banner ads, that does not appear on search results pages....
...“If big pharma retreats to places like southern Ireland it puts my business at a competitive disadvantage to one inside the EU,” he said....
...It is arguably the frontrunner today, but while Waymo and Zoox are backed by tech giants equipped with money-printing presses, Cruise is backed by a carmaker already battling with unions as it spends billions...
...Critics of antitrust enforcement have long argued that fines are merely the cost of doing business for large tech companies and that any action to open up markets often comes too late and does too little...
...This means the argument (a canard at the best of times) that tech stocks must go down as rates rise cannot possibly apply to the Faangs....
...Even though the European Commission has stepped up its antitrust actions in recent years, the fines that it has imposed are seen as simply the cost of doing business....
...It is a workers’ union, and a means by which a representative of the party is installed within the top ranks of the business....
...When China exports its surveillance tech is it also exporting its political values? Listen to the latest episode of our Tech Tonic podcast series on the US-China tech race....
...Sims said: “Behavioural remedies are asking companies to do something they don’t have an interest in doing . . . We find behavioural undertakings don’t turn out as we expect . . ....
...Since then, the costs of doing business during Covid-19 have throttled growth and profits, with billions spent on keeping Amazon’s reputation for fast delivery intact....
...People familiar with Tiger Global’s strategy say it places a premium on accessing a wide swath of desirable start-ups in areas such as business software and fintech....
...In a series of meetings in recent weeks, she has met industry and business lobbyists, pharmaceutical companies, trade unions and advocacy groups to discuss whether waiving IP rights would be a good idea....
...He recalls holding informal talks with the pharma sector last summer as he made efforts to understand the industrial landscape and the steps needed to “upscale it”....
...Ms Vestager told the Financial Times in an interview last month that EU officials were doing “very preliminary” work on Google’s job and local business search services as “some of those businesses that depend...
...It could address what Ms Bria calls a “very strong paradox” — that other industries, such as “Big Pharma or telecoms or big monopolies”, share data with authorities “for competition inquiries and analysis...
...As soon as business owners know the scheme won’t be extended, I think a lot will shut up shop or lay off workers....
...Christine Lemke, co-founder and president of Evidation, a health measurement platform that provides data analytics to tech and pharma companies, says one of Google’s key advantages is it can use unconventional...
...rise of tech in China, Israel and South Korea as well as the US....
...“I think both presidents from China and the US are doing what they can to protect their countries, so what’s happening is probably good for the long term of business,” said Mr Martin....
...During a three-day visit to Iowa and New Hampshire the week before the dinner in Des Moines, she drew large, passionate crowds at rallies where she vowed to take on big finance, big pharma, big tech and...
...Tech start-ups, video games makers and ad-tech businesses that specialise in data crunching for marketers are among those pulling products or services or their whole operations out of the EU as a result...
...“The main beneficiary of Google’s new way of doing things is, shockingly, Google....
...Second, the capital intensity of the most innovative sectors – like pharma and high tech – is quite low relative to the past (they just don’t need big factories or expensive equipment)....
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