LONDON (Reuters) – The head of Britain’s anti-trust regulator said it was not seeking to create a “hostile environment” for tech companies with its decision to block Microsoft’s $69 billion acquisition of Activision Blizzard. The Competition and Markets Authority (CMA), which operates independently from government, caused shockwaves in April when it said the deal could…
By James Oliphant WASHINGTON (Reuters) – Florida Governor Ron DeSantis said on Tuesday he was proud to have signed a six-week abortion ban, after seeming initially reluctant to embrace the recently passed law in Florida that outlaws almost all abortions in the state. As DeSantis prepares to formally announce a 2024 White House run in…
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Tuesday it is recalling 219,000 Jeep Cherokee SUVs worldwide for fire risks and warned owners to park outside until repairs are made. The recall covers 2014 through 2016 model year Jeep Cherokee vehicles equipped with a power liftgate. An electrical short in the power liftgate module…
(Reuters) – Ukraine said it had shot down six Russian hypersonic Kinzhal missiles in a single night, thwarting a weapon Moscow has touted as a next-generation hypersonic missile that was all but unstoppable. FIGHTING * Ukraine said the missiles shot down included six Kinzhal ballistic missiles fired from aircraft. * “The work of air defences…
WASHINGTON (Reuters) – Allies of Mike Pence launched a Super PAC on Tuesday to garner support for the former vice president as he moves toward an expected run for the 2024 Republican presidential nomination. The political action committee will be led by former U.S. Representative Jeb Hensarling and longtime Republican strategist Scott Reed, the group…
(Reuters) – Richmond Federal Reserve President Thomas Barkin on Tuesday he likes the “optionality” implied in the central bank’s latest policy statement, but he is “comfortable” with raising interest rates further if that is what is needed to lower inflation. “I think the message sent in the last statement was one of optionality, it wasn’t…
(Our weekly analysis of the wild world of cryptocurrencies) By Lisa Pauline Mattackal and Medha Singh (Reuters) – Move over dogecoin? “Memecoins” – a hyper-speculative, ultra-volatile and somewhat peculiar class of crypto – are back in the spotlight after the latest digital token hit the market with stratospheric gains. Pepe, a coin inspired by an…
(Reuters) – A U.S. antitrust regulator said on Tuesday it will sue to stop Amgen’s $27.8 billion deal for Horizon Therapeutics Plc, as it would give Amgen “monopoly positions” in treatments for thyroid eye disease and chronic refractory gout. Here is a list of some mergers that recently faced strong antitrust scrutiny around the world:…
(Reuters) – A Colombian man has been sentenced to five years and two months in prison for spreading “fake news” about the actions of Russian armed forces in Ukraine in a rare case of Russia applying its war censorship laws against a foreigner, independent Russian news outlet Mediazona reported on Tuesday.Alberto Enrique Giraldo Saray was…
By Hyunjoo Jin and Tanya Jain (Reuters) -Tesla Inc CEO Elon Musk will be under pressure to address investor concerns about the lack of a clear successor, softening demand and delays of some new models when he speaks at the electric carmaker’s annual shareholder meeting on Tuesday. His commitments to ventures such as a new…
