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☆ 5 big questions about how tech will look under Trump
▼ + stars: | 2024-11-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

He sought to swat down legal protections for tech platforms. Many Republicans are eager to see the Trump administration address what they see as “censorship” of right-leaning voices by many mainstream social media platforms. That could mean reforming or reinterpreting Section 230, which shields tech platforms from liability for their users’ posts and allows the platforms to moderate content as they see fit. In essence, Carr could attempt to pass a rule that would make it possible to sue tech platforms under that new interpretation. Ultimately, that could mean hamstringing tech companies’ efforts to reduce hateful or false content on their platforms.

Persons: Trump, Donald Trump, – —, Trump’s, TikTok, Mark Zuckerberg, He’s, it’s, Elon Musk, Will TikTok, “, he’ll, Shou Zi Chew, Kent Nishimura, Alan Rozenshtein, ” Rozenshtein, You’re, doesn’t, isn’t, Will Trump, … we’ve, ” Musk, Joe Biden, Biden, ”, John Villasenor, Brendan Carr, Carr, Gigi Sohn, Tom Wheeler, Evan Greer, Lina Khan, JD Vance, Musk, Khan, Tayfun, – Khan, ” Villasenor, ” Greer, Republican Sen, Marsha Blackburn of, Democratic Sen, Richard Blumenthal, Mike Johnson Organizations: New, New York CNN, Google, Big Tech, Trump, Bloomberg, Getty, University of Minnesota, Apple, CNN, “, Fox News, Republican, UCLA Institute for Technology, Law, Federal Communications Commission, FCC, Democratic, Federal Trade Commission, Biden, White, Trump White House, Microsoft, Activision Blizzard, Kroger, Albertsons, FTC, Department, DOJ, TV, Senate Locations: New York, United States, —, Washington ,, Marsha Blackburn of Tennessee, Connecticut

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ FTC reportedly launches antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | 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 EmailFTC reportedly launches antitrust investigation into MicrosoftCNBC's Julia Boorstin joins 'Closing Bell Overtime' with a report from Bloomberg that the FTC is launching an antitrust investigation into Microsoft.

Persons: Julia Boorstin Organizations: FTC, Microsoft, Bloomberg

☆ Microsoft faces wide-ranging U.S. antitrust probe
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft , including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded complaints about Microsoft last year as it examined the cloud computing market. Until now, Microsoft has been somewhat of an exception to U.S. antitrust regulators' recent campaign against allegedly anticompetitive practices at Big Tech companies. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Republican, FTC, Amazon, Google, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ FTC opens wide-ranging antitrust probe into Microsoft
▼ + stars: | 2024-11-27 | by ( Elisabeth Buchwald | Clare Duffy | ) edition.cnn.com time to read: +2 min

The FTC, in a letter sent to Microsoft, demanded that it hand over information to assist in the agency’s investigation, a source familiar with the matter told CNN. The FTC and Microsoft declined to comment. Microsoft also battled FTC resistance to its $69 billion acquisition of video game publisher Activision Blizzard, which closed in October 2023. The agency had argued the merger would give Microsoft a monopoly in video game publishing, which the company denied. Trump’s reelection has raised questions about how his administration will handle ongoing antitrust cases against tech giants, including Apple and Amazon.

Persons: Microsoft’s, Donald Trump, Trump, Lina Khan, Khan, hasn’t Organizations: New, New York CNN, Microsoft, Federal Trade Commission, FTC, CNN, Bloomberg, Activision Blizzard, Apple, Google, Justice Department Locations: New York, OpenAI

☆ Marc Andreessen talks DOGE and Elon Musk: 'It's time to carve this government back in size and scope'
▼ + stars: | 2024-11-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

AdvertisementMarc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast. Cut, baby, cut, Marc Andreessen says of Elon Musk's DOGE cost-reduction effort. "It is time to carve this government back in size and scope," the Silicon Valley investor said during a recent appearance on Joe Rogan's podcast. The VC specifically referenced a text exchange that Musk sent then-CEO Parag Agrawal shortly after being appointed to Twitter's board. "Imagine that statement being applied to the government," Andreessen said, referencing Musk's "What did you get done this week?"

Persons: Marc Andreessen, Elon Musk, Joe Rogan's, Elon, Andreessen, Andreessen Horowitz, Ben Horowitz, Sen, Elizabeth Warren, Rogan, Musk, Parag Agrawal, Agrawal, Jack Dorsey, … — Organizations: Department of, SEC, FTC, Elon Musk's, Musk's Department, Government, Securities Exchange Commission, Federal Trade Commission, Federal Aviation Administration, Consumer Financial Protection Bureau, Republican Party, Twitter, Big Tech Locations: Silicon

☆ Ex-Google CEO warns that 'perfect' AI girlfriends could spell trouble for young men
▼ + stars: | 2024-11-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

AdvertisementIn a podcast interview, Eric Schmidt warned that AI dating may increase loneliness among young men. The former Google CEO said young men dating the "perfect" AI girlfriend may also lead to obsession. He suggested AI regulation changes but expects little action without a major incident. Former Google CEO Eric Schmidt recently shared his concerns about young men crafting AI romantic partners and said he agrees that AI dating will actually increase loneliness. AdvertisementSchmidt said he doesn't expect much AI regulation in the next four years as Trump's administration will likely have other priorities.

Persons: Eric Schmidt, Schmidt, G, Scott Galloway, he's, Donald Trump's, Brendan Carr Organizations: Google, Study

☆ The FTC is investigating Microsoft for anticompetitive practices, some of which may have been directed at the government itself
▼ + stars: | 2024-11-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Lina Khan, chair of the Federal Trade Commission, said her agency plans to investigate Microsoft for anticompetitive practices in the cloud market. A recent report from ProPublica found that the government itself might also have been a target of those anticompetitive practices. Microsoft offered the government access to its G5 security capabilities free for the first year as well as consultants to help install the products, ProPublica reported. The goal was to "spin the meter" for Azure and help it gain market dominance over its competitor, Amazon, a sales representative for Microsoft told ProPublica. However, legal expert James Nagle, who specializes in the federal contracting process, told ProPublica, "This is not truly gratuitous.

Persons: ProPublica, Lina Khan, James Nagle, Peter Cohan, Steve Faehl Organizations: Microsoft, Federal Trade Commission, Babson College, Business, Administration

Here are eight health claims — with little or no scientific evidence to back them up — that Oz made over the years. Green coffee extract, the ‘magic weight loss cure’In 2014, Oz went to Washington to seek help fighting internet marketers who were using his name and image to sell weight loss products. Senators provided several examples from Oz’s own show, but much of the hearing focused on his claims about green coffee bean extract. The BMJ study from 2014 found that the majority of Oz’s health recommendations touched on nutrition and dietary advice. (The research shows no evidence that HCG is an effective weight loss tool.)

Persons: Donald Trump, Mehmet Oz, ”, he’s, Trump, Oz, Melania Trump, Kedric Payne, Richard Besser, Robert Wood Johnson, ” Besser, Dr, Besser, ” Karoline Leavitt, Vance, “ Dr, Trump’s, it’s, ’, Sen, Claire McCaskill, ” McCaskill, “, Joe Vinson, Bryan Burnham, Harriet Hall, kaempferol, —, Tim Sullivan, ” Sullivan, ” Oz, “ Life’s Organizations: Medicare, Medicaid Services, CMS, Robert Wood Johnson Foundation, U.S . Centers for Disease Control, NBC News, Federal Trade Commission, Washington Post, YouTube, Vox, The Washington Post, National Institutes of Health, Nutrition, Cancer, Drug Administration, FDA, CBS News, Business Locations: Washington, U.S, New Jersey

The suits were brought by the Fair Housing Center of Central Indiana, an advocacy group serving residents of 24 counties in the state. Federal prosecutors have also alleged that tenant screening checks can be discriminatory. Fair Housing Center of Central Indiana“I sent them my expungement records, but I kept getting denied,” Williams recalled in a phone interview. TransUnion settled the suit without admitting or denying the allegations and paid $15 million, the largest amount recovered in a tenant screening matter, the FTC said. “We want safe communities where people can contribute, can build their lives, and that’s what fair housing laws are here to do.”

Persons: Don Mullen, Goldman Sachs, ”, Amy Nelson, we’ve, Brady Ripperger, Ericka Fotsch, Blackstone, Tricon, Marckus Williams, Williams, ” Williams, TransUnion, Nelson, “ Organizations: Blackstone Group, New, Pretium Partners, Goldman, Fair Housing, of Central, ” Staff, of Central Indiana, Tricon, Blackstone, National Consumer Law Center, Progress, of, NBC News, Housing, of Central Indiana “, Federal Trade Commission, Consumer Financial, FTC, Indiana Locations: Indianapolis, California, New York City, of Central Indiana, Indiana, Eastern, of Missouri, Kinloch

☆ DOJ asks judge to force Google to sell Chrome as remedy in landmark antitrust case
▼ + stars: | 2024-11-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

On Wednesday, DOJ officials in the antitrust division filed their proposal for remedies in the case. The DOJ wants Judge Mehta to force Google to sell its Chrome browser. Officials from the Department of Justice, in a Wednesday filing, urged District Judge Amit Mehta to force Google to sell its Chrome browser. AdvertisementMehta will consider the DOJ's proposal before he makes a final ruling regarding remedies in this case. "But if Google is able to control the company that buys Chrome, the impact of selling the business would be minimal.

Persons: Amit Mehta, Judge Mehta, Mehta, Lee, Anne Mulholland, Eric Chaffee, it's, Peter Cohan, Neil Chilson, Chilson, Joe Biden's, Donald Trump, Trump, Biden, Cohan, Chafee Organizations: Google, DOJ, Department of Justice, Apple, Business, Bloomberg, Case Western Reserve University, Babson College, FTC, Chrome, Case

☆ Trump's picks are giving Big Tech plenty of reasons to be nervous
▼ + stars: | 2024-11-19 | by ( Grace Eliza Goodwin | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has selected several Big Tech critics for top roles in his second administration. A number of his picks have been harsh critics of the Big Tech industry. Tom Williams/CQ Roll CallTrump's pick for attorney general, former Florida Rep. Matt Gaetz, has for years criticized Big Tech companies. Anna MoneymakerVice President-elect JD Vance cut his teeth in venture capital, and has long been a proponent for breaking up Big Tech. AdvertisementVance said that his experience in Silicon Valley taught him to be weary of Big Tech.

Persons: Donald Trump, Matt Gaetz, JD Vance, Elon Musk, Brendan Carr, Trump's, Trump, Brendan Carr Trump, Tom Williams, Carr, Elon, Musk's, Matt Gaetz Trump, Gaetz, Lina Khan, Jonathan Kanter, Elon Musk Elon, Marc Piasecki, Musk, donald, Biden, Tim Cook, X, Anna Moneymaker, Vance, we're Organizations: Big Tech, Trump, GOP, Google, Apple, Microsoft, Federal Communications Commission, Inc, Getty, Heritage, FCC, TikTok, United, Florida Rep, Federal Trade, Elon, Government, of Government, SpaceX, OpenAI, Bloomberg News Locations: Starlink, Florida, Silicon Valley, Trump

☆ Yet to be seen how Trump administration will handle Google antitrust action, says Mozelle Thompson
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYet to be seen how Trump administration will handle Google antitrust action, says Mozelle ThompsonMozelle Thompson, former FTC commissioner and Meta advisor, joins CNBC's 'Squawk on the Street' to discuss what the Trump administration will mean for antitrust scrutiny.

Persons: Trump, Mozelle Thompson Mozelle Thompson

☆ CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices
▼ + stars: | 2024-11-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

CVS Health , UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency's case against drug supply chain middlemen over high insulin prices in the U.S. is unconstitutional. The FTC's in-house administrative process initiates a proceeding before an administrative judge who would hear the case. FTC commissioners then vote on that opinion. The Tuesday complaint argues that the FTC's process violates the companies' due process rights under the Fifth Amendment. The complaint comes a month after CVS, UnitedHealth Group and Cigna demanded FTC Chair Lina Khan and two other commissioners recuse themselves from the agency's in-house suit.

Persons: Cigna, CVS's Caremark, Douglas Farrar, Lina Khan Organizations: CVS Health, UnitedHealth, Federal Trade Commission, Eastern, of, FTC, Cigna's, CVS Locations: U.S, of Missouri, Caremark

☆ Number of older adults who lost $100,000 or more to fraud has tripled since 2020, FTC says
▼ + stars: | 2024-11-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

In 2023, about 4,600 adults age 60 and older reported being defrauded of a six-figure sum, according to a report the FTC issued in October. Such thefts can be especially devastating to older adults, who have less opportunity to earn back what they've lost, greatly impacting their quality of life in old age, experts said. Common scams targeting older AmericansConsumers overall lost $10 billion to scams in 2023, a record high, according to the FTC. Older adults were 60% more likely than younger ones to report losses exceeding $100,000 last year, according to the FTC. Criminals commonly stole such vast sums from older adults via romance scams, investment frauds and imposter scams, the FTC said.

Persons: Karl, Josef Hildenbrand, That's, they've, John Breyault, Breyault, Crypto Organizations: Getty, Federal Trade Commission, National Consumers League, FTC, Finance, A.I, underreporting, Gallup, Microsoft, Publishers Clearing, Social Security Administration, Federal Bureau of Investigation, FBI

☆ WiFi Money sued by Nebraska Attorney General over allegations of 'deceptive' passive income promises
▼ + stars: | 2024-11-18 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

AdvertisementSocial-media collective WiFi Money was sued by the Nebraska Attorney General's office. WiFi Money has made tens of millions of dollars pitching controversial "passive income" investments. The lawsuit accuses WiFi Money of causing Nebraska state residents to lose more than $3 million. WiFi Money was sued by Nebraska's Attorney General who alleged the social-media collective offered "deceptive" get-rich-quick schemes that lost residents of the state more than $3 million. Nearly 100 complaints have been lodged with the FTC about WiFi Money and two of its partner companies, BI previously reported.

Persons: James Ragano, Michael Hilgers, Defendants, Cadillac Escalades Organizations: Nebraska Attorney, Nebraska's, dropshipping, IRS, WiFi, Nebraska AG Locations: Nebraska, Florida, Alachua County , Florida

☆ Wall Street is gearing up for an M&A boom under Trump. These companies could be attractive targets
▼ + stars: | 2024-11-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Now that the election is over, and a change at the FTC seems highly likely, Wall Street is getting ready for a new era. "In my opinion, bank M & A has reopened for every bank absent the globally systemically important banks," Mills told CNBC. DFS 1M mountain Shares of Discover Financial rallied sharply after the election of Donald Trump. The merger between those two companies was blocked by a judge and then dropped this past week , but both companies could be players moving forward. There's still a populist tone in the Trump campaign … and enforcement, in my opinion, is not going to go away.

Persons: Trump, Lina Khan, Carlyle, Harvey Schwartz, Morgan Stanley, Stephanie McCann, McDermott Will, Emery, Wolfe, Naturium, Goldman, Ed Mills, Raymond James, Mills, Donald Trump, Joe Biden's, Matt Gaetz —, —, There's, Kyle Healy, Alston, Michael Lynton Organizations: Federal Reserve, Federal Trade, FTC, Federal, CNBC, Wolfe Research, Amazon, Electronic Arts, Zoom Video Communications, EA, Activision Blizzard, Capital, Discover Financial Services, DFS, Discover Financial, Spirit Airlines, Frontier, JetBlue, Regulators, Trump, Bird, Warner Music Locations: Washington

☆ Bank of America says Trump's win will unlock small-cap M&A and these stocks may be takeover candidates
▼ + stars: | 2024-11-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's White House victory could boost merger and acquisition activity, and Bank of America thinks a group of small-cap stocks may benefit as target candidates. Financial services company Bread Financial Holdings turned up, having a float of 98% of shares outstanding and three-year sales growth of 28%. The biopharmaceutical company has a float of 99% and three-year sales growth of 105%. Commercial Metals Company also showd up on BofA's screen as a potential target. Commercial Metal's three-year sales growth was 18%.

Persons: Donald Trump's, Russell, that's, Lina Khan, Jill Carey, Irving, steelmaker Organizations: Bank of America, Dow Jones Industrial, Republican, House, Senate, Trump, FTC, GOP, Financial, Bread Financial Holdings, Halozyme Therapeutics, Commercial Metals Company Locations: Columbus , Ohio, Diego, Texas

☆ Disney is avoiding more political dust-ups, but Netflix is bringing the fight to the media giant when it comes to live sports
▼ + stars: | 2024-11-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. In today's big story, Disney reported strong earnings and has a bright outlook on the future, but it doesn't want to discuss politics . The big storyLet's not talk politicsBob Iger, CEO of Disney Charley Gallay/Getty ImagesWhen it comes to Donald Trump, Disney is taking a page from its famous mascot and being as quiet as a mouse. But the king of streaming — Netflix — seems unstoppable , and it's threatening a space that Disney's ESPN previously had a stronghold: live sports.

Persons: —, it's, Bob Iger, Disney Charley Gallay, Donald Trump, didn't, Iger, we've, Minnie Mouse, Iger's, BI's Lucia Moses, Ron DeSantis, Trump, Hulu —, Jake Paul, Mike Tyson, Michael Ostuni, Tyler Le, Fiona Carter, Goldman Sachs, Jerome Powell, it's Elon, Steve Schwarzman's, Sam Altman, Elon Musk, Tesla, Lina Khan's, Rebecca Zisser, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Disney, Revenue, Trump, Walt Disney World, Anadolu, Getty, Disney's ABC, ESPN, Netflix, Federal Reserve, EV, Microsoft, Federal Trade Commission Locations: Asia, Hollywood, Florida, Blackstone, ChatGPT, New York, Chicago, London

☆ The FTC is readying an investigation into Microsoft's cloud-computing business: report
▼ + stars: | 2024-11-14 | by ( Lakshmi Varanasi | Katie Balevic | ) www.businessinsider.com time to read: +4 min

Cloud computing is a multibillion dollar industry that includes players like Amazon, Microsoft, and Google. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Federal Trade Commission is reportedly gearing up to launch an investigation into Microsoft's cloud computing platform, Azure, based on allegations that the company is using anti-competitive tactics to maintain its dominance in the cloud market. Last year, the FTC sought public feedback on cloud providers' business practices. AdvertisementThough he faces an uphill climb toward Senate approval, Gaetz has historically supported antitrust suits amid his accusations that big tech organizations censor conservative voices.

Persons: —, Lina Khan, Donald Trump's, — she's, Khan, Biden, Kahn, Mark Cuban, Kamala Harris, Alexandria Ocasio, Cortez, Harris, Trump, Matt Gaetz, Gaetz Organizations: Federal Trade Commission, Microsoft, Google, Service, FTC, Financial Times, Big, Fortune Business, Apple, Department of Justice Locations: Rep, Alexandria

☆ Matt Gaetz has a history of going after Big Tech. As Trump's attorney general, he'd be tasked with enforcing antitrust laws.
▼ + stars: | 2024-11-14 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Gaetz has criticized Big Tech for censoring conservatives and supports antitrust enforcement. Both the Justice Department and the FTC enforce antitrust laws that impact large tech companies. Gaetz has frequently railed against Big Tech, accusing Silicon Valley firms of censoring conservatives. The current Federal Trade Commission chair, Lina Khan, whom Trump may end up replacing, has aggressively gone after Big Tech companies. "But the hurdles for Big Tech could remain elevated," he added.

Persons: Donald Trump, Matt Gaetz, Gaetz, —, Trump, Lina Khan, Khan, JD Vance, Mark, Buchanan Ingersoll, Rooney, he's, Isaac Boltansky, Barron's, Kasten, TikTok, George Hay, Hay Organizations: Big Tech, Justice Department, Service, Senate, Florida Republican, Business, FTC, Federal Trade Commission, Nvidia, Meta, Microsoft, Wall Street Journal, China, Apple, Google, Cornell University Locations: Florida, Silicon, Silicon Valley

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods

☆ Capri and Tapestry abandon plans to merge, citing regulatory hurdles
▼ + stars: | 2024-11-14 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Capri and Tapestry called off their merger on Thursday after the Federal Trade Commission successfully sued to block the megadeal. "With the termination of the merger agreement, we are now focusing on the future of Capri and our three iconic luxury houses," Capri CEO John Idol said in a statement. In April, the FTC sued to block the deal, saying the tie-up would disadvantage consumers and reduce benefits for the companies' employees. Tapestry plans to fund the stock repurchase through a combination of cash on hand and debt. Tapestry said it will reimburse Capri around $45 million.

Persons: John Idol, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Tapestry, Joanne Crevoiserat Organizations: Federal Trade Commission, FTC, Capri Locations: U.S

☆ Lina Khan likely to be fired as FTC Chair under a Trump presidency
▼ + stars: | 2024-11-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Representatives for Trump’s transition team and the FTC didn’t respond to requests for comment. Wall Street, which has been on a tear since Trump’s decisive victory last week, appears to be ready to turn the page on the Khan era. Similarly, the FTC has gone after Big Tech, Big Pharma and even Big Mattress in the name of keeping competition robust. To them, Khan and her DOJ partner in trustbusting, Jonathan Kanter, represent a threat to the bottom line. Since last week’s election, both Kroger and Albertsons shares have risen sharply as investors anticipate the deal would face little resistance under Trump’s FTC.

Persons: CNN Business ’, New York CNN — Lina Khan’s, Donald Trump, Khan, she’s, Lina Khan, Jennifer Rie, kowtow, Jonathan Kanter, Elon Musk, Trump, ” Barry Diller, “, ‘, Republican “ Khanservative, JD Vance, Gail Slater, Vance, ”, David Kostin, Goldman Sachs, Kostin, Donald Trump’s, Brian Gardner, ” Gardner, Susie Wiles Organizations: CNN Business, New York CNN, Federal Trade Commission, FTC, Republican, Bloomberg Intelligence, CNN, Justice, Albertsons, Big Tech, Big Pharma, IAC, Democratic, Bloomberg, Kroger, Trump’s FTC, Goldman Sachs ’, White, Trump, Federal Reserve Locations: New York, it’s, trustbusting, Washington

☆ Former DOJ antitrust chief: Expect more predictability in regulatory reviews under second Trump term
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer DOJ antitrust chief: Expect more predictability in regulatory reviews under second Trump termMakan Delrahim, Latham & Watkins partner and former U.S. Assistant Attorney General at the DOJ’s antitrust division under President Trump, joins 'Squawk Box' to discuss antitrust and regulatory outlook under a second Trump administration, impact on current antitrust cases, future of FTC Chair Lina Khan, and more.

Persons: Delrahim, Watkins, President Trump, Trump, Lina Khan Organizations: Trump, Latham, U.S

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