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...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
...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....
...That helped power total flows into ETFs in the quarter to $67bn....
...Hovenkamp: The first difficulty is the market power question....
...And that’s how we continue to deliver and deliver with pricing power. Further reading— Trevor Milton’s smol bean legal defence...
...“But it will mean the company will need to service the debt on its own,” she added....
...The White House is at the same time intensifying its efforts to tackle what it regards as excessive corporate power....
...It conveys sweeping powers against firms that “attempt to monopolise” a market....
...Instead, inflation came in strong in services categories that have looked persistently hot for a while: shelter, medical care and auto services....
...power, access, capability, control in the hands of TikTok’s parent in [the] Chinese government, and ultimately in the Chinese intelligence service,” Wray told NBC television on Tuesday....
...Around the world, more attempts are being made to put limits on tech company power. Slowly, Apple’s closed ecosystem is being chipped away....
...This will include research, models, computing power and those responsible for overseeing their accuracy and trustworthiness....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...Google reportedly pays Apple between $18bn to $20bn annually to be the iPhone’s default search engine....
...That in turn would threaten to push its (already dismal) service levels below the standards required by its licence....
...The complaint accuses the company of abusing its market power in a variety of ways: to squash the growth of innovative apps and messaging services, reduce the appeal of rival smartwatches, keep rival tap-and-pay...
...Thames Water, the UK’s biggest water company, provides water and sewage services to 16mn people, or around 25 per cent of the population....
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...The iPhone maker is also making changes to how users select the browser on its devices, presenting them with a choice screen that allows them to set an alternative browser to Apple’s Safari as the default...
...For Apple the so-called Information Services Agreement is genius. It receives billions of dollars for something it might do anyway. Google Search is popular with users....
...Teneo and the deal advisory business led by Michael Klein, have been summoned to explain themselves at a Senate committee hearing next week, as lawmakers step up a probe into Saudi Arabia’s use of “soft power...
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