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Parts of Europe and the southern United States are expected to experience record-breaking highs, with consequences for human health and economic activity. As China faces sweltering heat, John Kerry, the U.S. climate envoy, met with the country’s premier to urge cooperation in fighting climate change. Microsoft and Activision reportedly plan to extend a deadline for their deal. The Competition and Markets Authority, which had previously moved to block the transaction, has set an Aug. 29 deadline for the talks. Under new rules negotiated by the Treasury Department, American businesses now have until 2026 before other countries can start imposing new levies on corporations deemed to have paid too little in the United States.

Persons: Fink, Jamal Khashoggi, John Kerry, isn’t, Elizabeth Warren, Tesla, Elon Musk, Biden Organizations: Investment Initiative, Northern, Microsoft, Activision, Bloomberg, The, Markets Authority, Massachusetts Democrat, Elon, Twitter, Treasury Department Locations: Saudi, Europe, United States, China, U.S, Massachusetts

[1/2] Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Nonetheless, Microsoft, which makes the Xbox gaming console, has been seeking the contract extension to ensure that Activision is not wooed by another potential acquirer or has a change of heart, the source said. The terms of the extension under negotiation and whether it would come with more financially advantageous terms for Activision could not immediately be learned. Microsoft and Activision did not immediately respond to requests for comment. Microsoft and Activision are negotiating potential remedies with the Competition and Markets Authority (CMA) which they hope will appease its antitrust concerns.

Persons: Dado Ruvic, Anirban Sen, Matthew Lewis, Stephen Coates Organizations: Microsoft, Activision, REUTERS, Microsoft Corp, Competition, Markets Authority, CMA, Sony Group, Sony, U.S . Federal, Thomson Locations: Britain, U.S, New York

☆ Buffett cut Activision stake before judge approved Microsoft merger
▼ + stars: | 2023-07-17 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

In a regulatory filing on Monday, Berkshire said it owned about 14.7 million Activision shares, or 1.9%, worth $1.24 billion on June 30, down from 49.4 million shares, or 6.3%, on March 31. The filing did not discuss the prices of any sales, or whether Berkshire bought or sold Activision stock in July. One of Berkshire's portfolio managers invested in Activision in late 2021, with Buffett boosting the stake to nearly 10% in 2022. Berkshire's remaining Activision stake - 14,658,121 shares - is exactly the size it was before Buffett started buying, suggesting that he has exited the arbitrage bet. Activision shares rose 10% to $90.99 on July 11 after U.S. District Judge Jacqueline Scott Corley in San Francisco rejected U.S. Federal Trade Commission arguments that the merger would hurt competition in cloud gaming, consoles and subscription services.

Persons: Warren Buffett's Berkshire Hathaway, Buffett, Jacqueline Scott Corley, Jonathan Stempel, Matthew Lewis Organizations: Activision Blizzard, Microsoft, Activision, Berkshire, Buffett, U.S, Federal, Commission, Markets Authority, BNSF, Apple, Bank of America, Thomson Locations: Berkshire, San Francisco, Omaha , Nebraska, New York

WASHINGTON, July 17 (Reuters) - A group of individual plaintiffs on Monday asked the U.S. Supreme Court to temporarily halt Microsoft's (MSFT.O) $69 billion acquisition of Activision Blizzard (ATVI.O), the largest in the history of the videogame industry. The bid by the plaintiffs was separate from a request by the U.S. Federal Trade Commission to pause Microsoft's purchase of Activision, maker of the "Call of Duty" videogame franchise. Circuit Court of Appeals last week rejected the FTC's request, removing one of the few remaining hurdles stopping Xbox maker Microsoft from closing the deal and expanding its gaming business. Separately on Monday, Microsoft's appeal against Britain's block on its takeover of Activision Blizzard was formally paused by a London tribunal to give the parties more time to resolve the dispute. Reporting by John Kruzel; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: John Kruzel, Will Dunham Organizations: Monday, U.S, Supreme, Activision Blizzard, U.S . Federal Trade Commission, Activision, San, Circuit, Microsoft, FTC, Reuters, Thomson Locations: San Francisco, London

☆ Wall St ends higher with earnings poised to ramp up
▼ + stars: | 2023-07-17 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

"By and large, the market in its totality continues to be reasonably priced if not kind of cheap. The S&P and Nasdaq have advanced in five of the past six sessions. Tesla (TSLA.O) gained after the company said on Saturday it had built its first Cybertruck, after two years of delays. Bank shares recovered from Friday's losses, with the S&P 500 bank index (.SPXBK) up and the KBW regional bank index (.KRX) also advancing. Reporting by Chuck Mikolajczak in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ford, Morgan Stanley, Goldman Sachs, JP Morgan, Stephen Massocca, CME's, Tesla, General Motors, Chuck Mikolajczak, Matthew Lewis Organizations: Citi, NEW, Netflix, Bank of America, Citigroup, Wedbush Securities, Nasdaq, Federal Reserve, Dow Jones, Ford, General, Reuters Graphics Apple, . Bank, Activision, Microsoft, PlayStation, Verizon, Thomson Locations: San Francisco, India, United States, New York

After a big loss last week in district court, the agency's remaining options are: pursue its fight in the internal FTC court; pursue its parallel case before the appeals court; pursue both; or settle with Microsoft or drop the matter entirely. The source, who is familiar with the matter, declined to give any other details. U.S. regulators, however, have said it could harm consumers by possibly limiting the reach of Activision's games. The tech giant is separately still trying to get the deal approved separately in Britain. Reporting by Diane Bartz; editing by Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Diane Bartz, Susan Heavey Organizations: U.S . Federal Trade Commission, Activision, Reuters, Microsoft, Thomson Locations: California, Britain

Of the 30 companies in the S&P 500 that have reported earnings as of Friday, 80% beat analyst expectations, according to Refinitiv data. Tesla (TSLA.O) gained 1.9% after the company said on Sunday it had built its first Cybertruck, after two years of delays. New York Fed Manufacturing data showed the general business conditions index fell to 1.1 from 6.6 in June, indicating activity changed little during the month. Elsewhere, data showed the Chinese economy grew at a frail pace in the second quarter. The S&P index recorded 44 new 52-week highs and four new lows, while the Nasdaq recorded 104 new highs and 50 new lows.

Persons: Ford, Morgan Stanley, Goldman Sachs, Chris Zaccarelli, JPMorgan Chase, Bansari Mayur Kamdar, Johann M, Nivedita Bhattacharjee, Maju Samuel Organizations: Citi, Dow, Nasdaq, Apple, Tesla, Bank of America, Netflix, Independent, Alliance, Ford, General Motors, Dow Jones, Federal Reserve, New York Fed, JPMorgan, Citigroup, Activision, Microsoft, PlayStation, Federal Trade, NYSE, Thomson Locations: Wells Fargo, U.S, Bengaluru

☆ Microsoft, UK ask for two-month pause of appeal over Activision deal
▼ + stars: | 2023-07-17 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Britain's competition regulator, the Competition and Markets Authority (CMA), in April became the first major regulator to block the acquisition of the "Call of Duty" maker, citing concerns about the impact on competition in cloud gaming. The U.S. Federal Trade Commission (FTC) has also opposed the tie-up, but suffered a major defeat last week when a federal court rejected the FTC's application to temporarily halt the deal. Companies cannot offer remedies after its publication and their only recourse is to the Competition Appeal Tribunal (CAT). But last week, less than an hour after a U.S. federal court ruled the deal could go ahead, the CMA said it could look again at a modified proposal. The judge also asked whether the FTC's initial defeat in the U.S. had been taken into consideration by the CMA.

Persons: Marcus Smith, Sam Tobin, Josie Kao Organizations: Microsoft, Monday, Activision Blizzard, Markets Authority, U.S . Federal Trade Commission, CMA, CAT, Thomson Locations: London, Britain, U.S

Second-quarter earnings are gathering momentum, with Tesla (TSLA.O) due to report on Wednesday, while Bank of America (BAC.N), Morgan Stanley (MS.N), Goldman Sachs (GS.N) and Netflix (NFLX.O) are also lined up through the rest of the week. Of the 30 companies in the S&P 500 that have reported earnings as of Friday, 80% beat analyst expectations, according to Refinitiv data. In trading before the bell, Tesla <TSLA.O> gained 1.6% after the company said on Sunday it had built its first Cybertruck, after two years of delays. Lackluster Chinese economic data weighed on investors' minds on Monday as the world's second largest economy grew at a frail pace in the second quarter. During the week, investors also await retail sales and new homes figures for June.

Persons: Morgan Stanley, Goldman Sachs, JPMorgan Chase, Danni Hewson, AJ Bell, Bansari Mayur, Nivedita Bhattacharjee, Maju Samuel Organizations: Dow, Nasdaq, Bank of America, Netflix, Dow e, Federal Reserve, JPMorgan, Citigroup, Activision, Microsoft, PlayStation, Federal Trade, Meta, Thomson Locations: Norway, Wells Fargo, U.S, Bengaluru

☆ CNBC Daily Open: For banks, big profits don’t mean stock gains
▼ + stars: | 2023-07-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Chinese economy slowsChina's second-quarter gross domestic product grew 6.3% from a year ago, falling short of the 7.3% increase analysts had expected. When tabulated month over month, GDP grew only 0.8%, much slower than the 2.2% increase in the first quarter. [PRO] Retail therapyChina's economy may be slowing, but the country's "premium" spenders are still splashing out on goods, according to Bernstein.

Persons: Elon Musk, Sony's, Bernstein Organizations: CNBC, Dow Jones, BBC, Activision, Activision Blizzard, U.S, Appeals, Federal, Microsoft, Activision's, PlayStation Locations: Asia, Pacific, Shanghai

☆ Morgan Stanley has tech to thank for what could boost a long-dormant part of its business
▼ + stars: | 2023-07-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Morgan Stanley (MS) is set to report quarterly earnings before the opening bell Tuesday. While working on a transition to depend more on wealth management, investment banking is still an important aspect of Morgan Stanley's overall business. Morgan Stanley had a hand in the Cava IPO as a book-runner. It pays us to be patient with the stocks of Morgan Stanley and Wells Fargo, which have been underperformers year-to-date compared to the S & P 500 . Morgan Stanley will likely benefit as companies turn to its investment banking services for ambitious deals.

Persons: Morgan Stanley, There's, Morgan, Morgan Stanley's, Goldman Sachs, Jim Cramer, Jim, Lina Khan, Activision Blizzard, IPOs, Wells, dealmakers, there's, Jim Cramer's, Bing Guan Organizations: Investment, JPMorgan, IB, Federal Trade, Microsoft, Activision, Renaissance Capital, Companies, Semiconductor, ARM Holdings, Silicon Valley Bank, Federal Reserve, Club, Nasdaq, CNBC, Bloomberg, Getty Locations: Cava, Silicon, Wells Fargo, U.S

☆ The media industry is in turmoil, and that's not changing anytime soon
▼ + stars: | 2023-07-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +11 min

All of this turmoil will be on investors' minds as the media industry kicks off its earnings season this week, with Netflix up first on Wednesday. Netflix, with a new advertising model and push to stop password sharing, looks the best positioned compared with legacy media giants. At the top of the list is contending with Disney's TV networks, as that part of the business appears to be in a worse state than Iger had imagined. The labor fight blew up just as the industry has moved away from streaming growth at all costs. Last week's ruling from a federal judge that Microsoft's $68.7 billion acquisition of game publisher Activision Blizzard should move forward serves as a rare piece of good news for the media industry.

Persons: Mike Blake, Bob Iger, Iger, Bob Iger's, Michael Nathanson, SVB, CNBC's David Faber, Nathanson, Producers –, Mark Boidman, Ross Benes, Benes, Comcast's NBCUniversal, Solomon, Boidman, Random, Paramount's Simon, Schuster, Tegna, Jason Anderson, Peter Liguori, Anderson, HBO Max, Homer, Marge Getty Organizations: Guild of America, Netflix, Alliance, Producers, Reuters, Disney, Disney's, Paramount Global, Comcast, Warner Bros, American Federation of Television, Radio Artists, Media, Solomon Partners, CNBC, Hollywood, Intelligence, ABC, Paramount, BET, NBC Sports, USA, Discovery, Activision, Federal Trade Commission, dealmaking, Microsoft, Tribune Media, Max, HBO, Amazon, MGM, Sky, Fox Corp, FOX Locations: Los Angeles , California, U.S, MoffettNathanson, Hulu

☆ Stocks making the biggest premarket moves: Activision Blizzard, Chewy, Yelp, Tesla and more
▼ + stars: | 2023-07-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Chewy — Shares jumped more than 5% after Goldman Sachs upgraded them to buy from neutral. Paramount Global — Shares of the entertainment company fell 2.8% in premarket trading after the latest installment in the "Mission: Impossible" franchise underperformed expectations at the box office. State Street — The financial giant slipped about 2% in premarket trading. The stock was downgraded by JPMorgan to underweight from neutral following State Street's earnings release Friday. Figs — Shares of the apparel company fell 4.6% in premarket trading after Raymond James downgraded Figs to market perform from outperform.

Persons: Goldman Sachs, Morgan Stanley, Yelp, Goldman, Tesla, Raymond James, —, Jesse Pound, Hakyung Kim, Michael Bloom Organizations: Activision, Warfare, Microsoft, Sony, PlayStation, Activision Blizzard, PepsiCo, Paramount, Variety, Citi, JPMorgan, State Street's

☆ Warren Buffett's Berkshire Hathaway cuts Activision stake as Microsoft deal inches closer
▼ + stars: | 2023-07-17 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Warren Buffett's Berkshire Hathaway dumped a significant portion of its stake in Activision Blizzard as Microsoft's deal to buy the video game company edged closer to the finishing line. The Omaha, Nebraska-based conglomerate disclosed a 1.9% stake in Activision with 14,658,121 shares, a new 13G filing released Monday evening showed. That compared with a 6.3% stake at the end of March and a 6.7% stake at the end of 2022. The 92-year-old investing legend has since added to the holding in a merger arbitrage play, betting that Microsoft's proposed acquisition of the video game company would close.

Persons: Warren Buffett, Berkshire Hathaway, Warren Buffett's Berkshire Hathaway, Ted Weschler, Todd Combs, Buffett, Charlie Munger Organizations: Berkshire, Berkshire Hathaway, Activision Blizzard, Activision, Federal Trade Commission, Microsoft, Oracle Locations: Omaha , Nebraska, The Omaha , Nebraska, Omaha

☆ CNBC Daily Open: For banks, big profits don’t mean market gains
▼ + stars: | 2023-07-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The benchmark Stoxx 600 index retreated 0.11%, dragged down by telecom stocks after downbeat news from Nokia and Ericsson. Biggest bank gets biggerJPMorgan Chase's second-quarter net income surged 67% to $14.5 billion, or $4.75 per share. All figures beat Wall Street's estimates — and the bank's own, causing it to raise its expectations for the full year's net interest income.

Persons: Wall, Elon Musk, Sony's, Tanaya Macheel Organizations: JPMorgan Chase & Co, Headquarters, CNBC, Dow Jones, Nokia, Ericsson, Biggest, JPMorgan, First, Revenue, BBC, Activision, Activision Blizzard, U.S, Appeals, Federal, Microsoft, Activision's, PlayStation, of Locations: New York, First Republic, Southern, of New York

☆ Stocks making the biggest moves midday: Ford, AT&T, Yelp, Figs and more
▼ + stars: | 2023-07-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Paramount Global — The entertainment company's stock shed 4.4% after the new "Mission: Impossible" movie underperformed expectations at the box office. The Wall Street firm said Progressive's valuation is now compelling after its poor results in June, and said the company has long-term earnings power and growth potential. Yeti — The cooler company's stock fell 5.8% following a downgrade to underweight from sector weight by KeyBanc. The Wall Street firm cited concerns over Yeti's growth and its heavy wholesale channel inventory. State Street — The asset manager slipped more than 3.1% after the firm was downgraded by multiple Wall Street firms, including JPMorgan.

Persons: Rivian, Tesla —, Knight, Yelp, Goldman Sachs, Raymond James, Cantor, —, Samantha Subin, Alex Harring, Tanaya Macheel, Brian Evans Organizations: Ford —, Ford, Tesla — Elon, Constellation Software, Intercontinental Exchange, Citi, BridgeBio Pharma —, Activision, Microsoft, Sony, PlayStation, Activision Blizzard, Paramount Global, Variety, Apellis Pharmaceuticals, American, JPMorgan, Wall, State Street's, Iris Energy

☆ The regulator has mistreated the Microsoft-Activision deal as 'Goliath buying Goliath': Analyst
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe regulator has mistreated the Microsoft-Activision deal as 'Goliath buying Goliath': AnalystMichael Pachter of Wedbush Securities discusses Microsoft's acquisition of Activision and his outlook for M&A trends and regulatory developments within the gaming sector.

Persons: Goliath, Michael Pachter Organizations: Microsoft, Activision, Wedbush Securities

It is an unexpected truce between Sony, which makes Playstation consoles, and its far larger U.S. rival. Details have yet to be disclosed, and it's not clear why Sony, which Microsoft earlier offered a 10-year contract, has had a change of heart. Sony's video-game division reported digital software and content sales of $11 billion in the fiscal year to March. Yoshida has been selectively snapping up smaller gaming studios to beef up Playstation content, including splashing out $3.6 billion for developer Bungie. Details were not disclosed, but a Microsoft spokesperson clarified with various media that the deal is for 10 years.

Persons: it's, Boss Kenchiro Yoshida, Yoshida, Phil Spencer, Una Galani, Thomas Shum Organizations: Reuters, Activision Blizzard, Sony, Activision, Microsoft, Nintendo, Nvidia, U.S, UK Competition, Markets Authority, Bungie, Nikkei, Federal Trade, Thomson Locations: HONG KONG, U.S

☆ Microsoft signs agreement to keep Call of Duty on Playstation
▼ + stars: | 2023-07-16 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo Allegri/File Photo(Reuters) -Microsoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a tweet on Sunday. A deal to keep Call of Duty on Playstation could further ease concerns surrounding the acquisition’s impact on competition. Speaking on the agreement, Microsoft President Brad Smith said in a tweet, “Even after we cross the finish line for this deal’s approval, we will remain focused on ensuring that Call of Duty remains available on more platforms and for more consumers than ever before.”The FTC had argued the deal would hurt consumers whether they played video games on consoles or had subscriptions because Microsoft would have an incentive to shut out rivals like Sony Group. To address the FTC’s concerns, Microsoft had earlier agreed to license “Call of Duty” to rivals, including a 10-year contract with Nintendo, contingent on the merger closing.

Persons: Carlo Allegri, Phil Spencer, Brad Smith Organizations: Activision, REUTERS, Microsoft, PlayStation, Activision Blizzard, FTC, Sony Group, Nintendo Locations: Manhattan, New York City , New York, U.S

☆ Call of Duty Will Stay on PlayStation After Microsoft-Activision Deal
▼ + stars: | 2023-07-16 | by ( Sarah E. Needleman | Nora Eckert | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/call-of-duty-will-stay-on-playstation-after-microsoft-activision-deal-34b8ebb1

Persons: Dow Jones Organizations: microsoft, activision

Game enthusiasts and industry personnel walk between the Microsoft Xbox and Sony PlayStation exhibits at the E3 trade show on June 16, 2015 in Los Angeles, California. Sony has signed a binding agreement with Microsoft to keep Call of Duty on its PlayStation gaming consoles after closing the Activision Blizzard acquisition, Microsoft said on Sunday. "We are pleased to announce that Microsoft and PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard," Microsoft Gaming CEO Phil Spencer said on Twitter Sunday. Regulators around the world had expressed significant concern about Microsoft's power over the gaming market if an Activision acquisition was approved. The deal does something to ameliorate those concerns, although Microsoft and Sony aren't disclosing the duration of the agreement.

Persons: Activision Blizzard, Phil Spencer, Jim Ryan, Ryan, Brad Smith, divestitures Organizations: Microsoft Xbox, Sony PlayStation, Sony, Microsoft, PlayStation, Activision Blizzard, Activision, Twitter, Regulators, Sony's PlayStation, Federal Trade Commission, FTC, EU, Markets Authority Locations: Los Angeles , California, San Francisco federal

☆ Cramer: The Cassandras are wrong about the market (again) — here's why I'm upbeat
▼ + stars: | 2023-07-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, —, it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York

☆ Call of Duty to remain on Playstation following Activision Blizzard Microsoft merger
▼ + stars: | 2023-07-16 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

CNN —Microsoft (MSFT) has signed an agreement with Sony (SNE) to ensure “Call of Duty” remains available on PlayStation after Microsoft (MSFT) closes its $69 billion Activision Blizzard (ATVI) merger, the tech giant said Sunday. The agreement could resolve long-standing complaints by Sony that the merger — which aims to make Microsoft the third-largest video game publisher in the world — threatens competition. “We are pleased to announce that Microsoft and @PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard,” said Phil Spencer, Microsoft’s Xbox head, in a tweet. On Sunday, Microsoft did not disclose the duration of the agreement with Sony. Last week, Microsoft won two successive court victories when a federal district court and a US appeals court declined to temporarily block the merger from being consummated.

Persons: Sony didn’t, ”, Phil Spencer, Microsoft’s, we’ve, Brad Smith, Satya Nadella, Jacqueline Scott Corley, “ Organizations: CNN, Microsoft, Sony, PlayStation, Activision, Activision Blizzard, ” Sony, Nintendo, Nvidia, “, Sony PlayStation, Federal Trade Commission

☆ FTC Loses Latest Bid to Halt Microsoft-Activision Merger
▼ + stars: | 2023-07-15 | by ( Jan Wolfe | Sarah E. Needleman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ftc-loses-latest-bid-to-halt-microsoft-activision-merger-19fe19ed

Persons: Dow Jones Organizations: microsoft, activision

SummaryCompanies JPMorgan, Wells Fargo up as Q2 profit rises on higher interest incomeUnitedHealth rises on Q2 profit beatFutures mixed: Dow adds 0.33%, S&P up 0.02%, Nasdaq slips 0.12%July 14 (Reuters) - The S&P 500 and Dow futures rose on Friday as JPMorgan Chase and Wells Fargo commenced second-quarter earnings for big U.S. banks on a strong note. UnitedHealth Group (UNH.N) gained 3.6% after the health insurer reported a quarterly profit above analysts' estimates, as the industry bellwether's expenses came in lower than feared. Overall earnings for the S&P 500 constituents are seen dropping 6.4% in the second quarter, according to Refinitiv data released at the start of the earnings season. The earnings are expected to feed into a strong rally in recent days. ET, Dow e-minis were up 114 points, or 0.33%, S&P 500 e-minis were up 1 points, or 0.02%, and Nasdaq 100 e-minis were down 19.5 points, or 0.12%.

Persons: Wells, Dow, Wells Fargo, JPMorgan Chase, Christopher Waller, bullish, Morgan, Johann M Cherian, Saumyadeb Chakrabarty Organizations: JPMorgan, Nasdaq, Dow, JPMorgan Chase, Citigroup, BlackRock, Federal, of Michigan, Dow e, Microsoft, UBS, Activision, Thomson Locations: Wells Fargo, U.S, Bengaluru

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