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☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Zoom, Goldman, Amazon, Chevron & more
▼ + stars: | 2024-11-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Tuesday: Wells Fargo upgrades Eastman Chemical to overweight from equal weight Wells Fargo says the chemical company is "attractive." HSBC downgrades Goldman Sachs & Morgan Stanley to hold from buy HSBC said the risk/reward is a less attractive. KeyBanc reiterates Nvidia as overweight The firm says it sees "limited competitive risks" for Nvidia shares. Wells Fargo reiterates Starbucks as overweight Wells raised its price target on the stock to $115 per share from $110. Redburn Atlantic Equities reiterates Amazon as buy The firm raised its price target on the stock to $235 per share from $225.

Persons: Wells Fargo, HSBC downgrades Goldman Sachs, Morgan Stanley, Baird, Bernstein, KeyBanc, it's bullish, TD Cowen, Pinterest, Cowen, Wells, Guggenheim, Michael Kors, UAL Organizations: Eastman Chemical, UBS, HSBC, Royal Caribbean, Nvidia, Bank of America, Citi, Chevron, ExxonMobil, SPX, JV, China, Guggenheim, Capri Holdings, Barclays, Apple, and Department of Justice, Google, DoJ, UBS reinstates United, Alaska Airlines, Amazon Web Services, Anheuser, Busch InBev, GAP Locations: Caribbean, China, Delta, DAL

☆ The 'Trump trade' has divided health-care stocks into two camps. How to play the next moves
▼ + stars: | 2024-07-19 | by ( Pia Singh | ) www.cnbc.com time to read: +9 min

UNH 1M mountain UnitedHealth stock over the past month. Think Centene , Molina Healthcare , UnitedHealth and Humana , among others. Managed-care companies historically buck the broader trend of health stocks and outperform in the first year after an election, according to Raymond James. Unlike UnitedHealth, shares have fallen — down 3% — since the June debate. Raymond James sees Oscar Health , HCA Healthcare and Tenet Healthcare as beneficiaries of a victory by the left.

Persons: Raymond James, Chris Meekins, Donald Trump, Joe Biden, quieted, Biden, Meekins, Centene, Trump, Bernstein, Jefferies, David Windley, UnitedHealth, Ben Hendrix, Optum, John Ransom, Piper Sandler, Ransom, Lance Wilkes, Oscar, — Ransom, Oscar's Organizations: Affordable, Trump, UnitedHealth, Republican, Biden, GOP, Federal Trade Commission, Department of Justice, ACA, Medicare, Molina Healthcare, RBC Capital Markets, CVS Health, RBC Capital, DOJ, Humana, Healthcare, GoodRx Holdings, Democratic, Oscar Health, Tenet Healthcare, Aetna Locations: Molina, UnitedHealth, U.S, Thursday's, Florida, Texas

☆ Massive genocide trial reopens old wounds in Guatemala, 40 years after indigenous slaughter
▼ + stars: | 2024-04-13 | by ( Tara John | Ivonne Valdés | ) edition.cnn.com time to read: +12 min

In 2018, a Guatemalan court ruled that the army committed acts of genocide, but no one was convicted. Lucas García, 91, was meant to face trial this year with former military intelligence chief Manuel Callejas y Callejas. Robert Nickelsberg/Archive Photos/Getty ImagesBurt said this “expression of racism is extremely profound,” and its knock-on effects are evident in Guatemala today. Survivors from the civil war gather outside the Supreme Court, prior to a hearing in the Ixil Genocide trial, in Guatemala City, Guatemala March 25, 2024. When the trial was due to start at the end of March, Lucas García’s lawyers announced their resignation.

Persons: CNN — Juan Brito López, Brito López, Manuel Benedicto Lucas García, Lucas García, Benedicto Lucas Garcia, Johan Ordonez, Lucas García’s, AJR, Fernando Romeo Lucas García, “ Lucas García, Manuel Callejas y, Callejas, Jesús Silvio, Romeo Lucas García’s, ” Jo, Marie Burt, ”, Robert Nickelsberg, Burt, Efrain Rios Montt, Tiziano Breda, Claudia Paz y Paz, CICIG, ” Silvio, ” Will Freeman, Cristina Chiquin, Bernardo Arévalo, Public Ministry –, Consuelo Porras , hasn’t, Michelle Liang, “, Brito López’s, Catarina Chel, tormenter, Silvia, ” CNN’s Tara John, Ivonne Valdés Organizations: CNN, United, Getty, Association for Justice, Reconciliation, Human, Washington Office, UN, Guatemalan Army, “, Central American, International, Commission, Council, Foreign Relations, Reuters CNN, Public Ministry, US, Network, Solidarity, ” CNN Locations: Pexla, Guatemala City, United Nations, Guatemalan, Guatemala, America, ”, Santa Cruz de Quiche, of Guatemala, New York, Mexico City

☆ Premarket stocks: Congress has bad news for Wall Street
▼ + stars: | 2024-03-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Dealmaking is the lifeblood of Wall Street. But analysts say that funding cuts in the plan could end up harming mergers and acquisitions on Wall Street, squashing hopes of a recovery in dealmaking. The bad news: Recent regulations and proposed budget cuts threaten to step on those green shoots before they’re able to flower. Why it matters: Dealmaking isn’t just good for Wall Street. Shares of the stock are down nearly 30% so far this year after its seemingly nonstop streak of bad luck.

Persons: New York CNN — Dealmaking, Joe Biden, squashing, It’s, Goldman Sachs, ”, Lucille Jones, Jones, Mitch Berlin, Biden, ’, ” Berlin, That’s, Hewlett Packard, “, TikTok —, Brian Fung, TikTok, Shou Chew, Nadya Okamoto, Okamoto, Teddy Siegel, Siegel, David Goldman, LATAM, it’s, Max Organizations: CNN Business, Bell, New York CNN, Wall, LSEG, Federal Reserve, Federal Trade Commission, Department of Justice, Congressional, Office, CNN, Discover Financial Services, Hewlett, Juniper Networks, Target, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: New York, dealmaking, EY, Berlin, “, LSEG, Australia, New Zealand, Newark

☆ Boeing's Max problems shift growth plans at major airline customers
▼ + stars: | 2024-03-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Boeing 's latest Max crisis is forcing some of its biggest customers to rethink their growth plans this year — and possibly beyond, several airline CEOs said Tuesday. "Boeing needs to become a better company and the deliveries will follow that," Southwest Airlines CEO Bob Jordan said at a JPMorgan industry conference Tuesday. In January, Kirby said the airline would build a fleet plan without the Max 10 because of the delays. On Friday, United told staff that it would have to pause pilot hiring this spring because new Boeing planes are arriving late, CNBC reported.

Persons: Bob Jordan, Scott Kirby, Max, Kirby, United, Dave Calhoun, Stan Deal, Deal Organizations: Boeing, Max, Boeing Factory, Southwest Airlines, Southwest, JPMorgan, Alaska Airlines, Federal Aviation Administration, Department, United Airlines, FAA, CNBC, Transportation Safety Locations: Renton , Washington, Washington

☆ The market's version of a 'quickie' divorce is getting more complex and costly
▼ + stars: | 2024-03-09 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +3 min

One time-honored corporate M&A prenup strategy, which could become more important going forward, is the use of break-up fees, also known as termination fees. In addition to reverse termination fees, companies are also allowing for longer timelines and more extensions than they were a few years ago, Thomas said. Not all deals include break-up fees for regulatory failures. Meanwhile, Visa's deal for Plaid was scuttled in 2021 due to regulatory snares, with neither of the companies owing break-up fees. A 2022 study by investment bank Houlihan Lokey shows that 57.1% of the 140 transactions reviewed had reverse breakup fees, with median fees of 4.2% as a percentage of transaction value.

Persons: Thomas, Houlihan Lokey, Pitchbook Organizations: Crowell, Moring, Discover Financial, Plaid, Regulators, Federal Trade Commission, Department

☆ The FBI may have missed a 'hidden room' in the hunt for documents at Mar-a-Lago: report
▼ + stars: | 2024-02-02 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Read previewSpecial Counsel Jack Smith's team has been asking about two Mar-a-Lago locations that the FBI may have skipped in 2022 when it sought to recover missing classified documents, sources told ABC News. However, the reported line of questioning suggests that Smith's team believes further documents could remain in two locations not searched by the FBI. The unnamed sources told ABC News that the FBI didn't search a "hidden room" off Trump's bedroom that they had been unaware of, as well as a closet that was locked on the day. Smith's team learned soon after the search that officers had missed some of the rooms, the sources said. But a Trump spokesperson told ABC News that the document case comprises "just desperate attempts at election interference ... to stop the presumptive Republican nominee for President."

Persons: —, Jack Smith's, Donald Trump's, Smith's, Trump, Jordan Strauss Organizations: Service, FBI, ABC News, Business, of Justice, Trump, Republican Locations: Lago, Mar

☆ Exclusive: House ethics probe of Gaetz seeks information from DOJ and woman who allegedly had sex with congressman as a minor
▼ + stars: | 2024-01-24 | by ( Paula Reid | Annie Grayer | ) edition.cnn.com time to read: +4 min

The House Ethics Committee investigating Rep. Matt Gaetz has reached out to the woman whom the congressman allegedly had sexual relations with when she was a 17-year-old minor, according to a source familiar with the committee’s work. The federal probe, which also included allegations he had sex with a minor, concluded in 2023 with no charges brought against the congressman. The increased activity under Republican leadership is notable given the committee probe was started by House Democrats in 2021. But McCarthy has repeatedly denounced those accusations and has said Gaetz worked to oust the former speaker because of the ethics probe. The probe expanded over the years before the Justice Department officially decided last year not to charge the congressman.

Persons: Matt Gaetz, Gaetz, ” Gaetz, Kevin McCarthy, McCarthy, ” McCarthy, “, Norman Eisen, Donald Trump’s, ” Eisen, Eisen, ”, Bill Barr, Joel Greenberg, Department’s, won’t Organizations: GOP, Florida Republican, Justice Department, CNN, Justice, Republican, House Democrats, Department of Justice, Democrats, DOJ, Trump, Gaetz Locations: Florida, California

☆ FBI says North Korea deployed thousands of IT workers to get remote jobs in US with fake IDs
▼ + stars: | 2023-10-19 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

North Korea has been sending IT workers to get remote US jobs, according to the FBI and DOJ. The workers have been using these jobs to raise money for North Korea's ballistic missile program, the US agencies said. The money they earned was funneled to the North Korean weapons program, FBI leaders said at a news conference in St. Louis. AdvertisementAdvertisement"We can tell you that there are thousands of North Korean IT workers that are part of this," spokeswoman Rebecca Wu said. The IT workers generated millions of dollars a year in their wages to benefit North Korea's weapons programs.

Persons: —, Louis, Jay Greenberg, Rebecca Wu, Greenberg, Kim Jong Organizations: FBI, DOJ, North, Service, Department of Justice, The Justice Department, Federal, Louis FBI, North Korean, State Department, Department of, Treasury, Justice Department, United Locations: Korea, North Korea, St, St . Louis, North Koreans, China, Russia, Korean, Iran, United States, United Nations

☆ Over 22,000 student-loan borrowers are getting $9 million in refunds after being charged up to $800 in 'illegal' fees for debt relief services, federal watchdogs say
▼ + stars: | 2023-08-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The FTC and DOJ announced it would be sending $9 million in refunds to 22,000 student-loan borrowers. It's a result of a company that was convicted of illegally charging borrowers for debt relief services. The FTC in 2020 banned the company from providing debt relief services, and the same year, a federal judge sentenced Frere to 42 months in prison. Most recently, the FTC announced on Monday that a federal court halted operations of two companies that misled borrowers into paying for debt relief services, scamming them out of $8.8 million. And in June, an additional 37,000 borrowers began receiving $3.3 million in refunds following accusations of misleading debt relief behavior by separate companies.

Persons: Brandon Frere, Frere, Joe Biden Organizations: FTC, DOJ, Service, Federal Trade Commission, Department of Justice, Ameritech, Education Department, PayPal, Rust Consulting, Department, Education Locations: Wall, Silicon

☆ FTC chair defends track record on antitrust challenges, says big isn't categorically bad
▼ + stars: | 2023-07-24 | by ( Lauren Feiner | ) www.cnbc.com time to read: +6 min

"Congress, when passing the antitrust statutes, was setting out a policy preference, in many cases, for competition over monopoly," Khan said. "Any given year, the antitrust agencies get anywhere between 1,500 to 3,000 merger filings. Of that number, 98% go through without even any second questions being asked by the agencies," Khan said. Khan also defended the agency's record in court when it comes to merger cases. That's in part because the Supreme Court hasn't taken up merger cases as frequently in recent decades, meaning "that older law is still good law."

Persons: Lina Khan, Khan, Neil Bradley, hasn't, FTCs Organizations: Energy, Federal Trade Commission, Federal Trade, Economic, of New, FTC, Department of Justice, Division, U.S . Chamber of Commerce, CNBC, YouTube, Big Tech Locations: Rayburn, of New York

☆ Twitter says FTC probe 'has spiraled out of control' and asks to terminate privacy settlement
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

The 2011 agreement originally resolved charges that the platform failed to adequately safeguard its users' information. Twitter is asking the court to determine whether the 2011 FTC order "is equitable in light of the FTC's conduct," according to the filing. As a result, the "misfit consent order ... no longer can serve any proper equitable purpose." Our revised consent order gives us new tools to ensure compliance, and we are prepared to use them." WATCH: Elon Musk polls Twitter users over whether he should remain as CEO

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Twitter, it's, overreach, Mr, Musk, Elon Organizations: SpaceX, Twitter, Porte de, Getty, Federal Trade Commission, FTC, X Corp, Department of Justice, CNBC, YouTube Locations: Paris, AFP

☆ The Supreme Court ruled against affirmative action in college admissions—what students should know
▼ + stars: | 2023-06-29 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

The Supreme Court ruled Thursday that affirmative action admission policies at Harvard University and the University of North Carolina are unconstitutional. The decision means universities can no longer consider race in addition to other factors when admitting students, ending 40-plus years of affirmative action policies intended to achieve greater racial diversity at top-tier colleges. In response to the Court's decision, students, alumni and educators have spoken up about the need for more work to make universities more accessible to students who come from historically disadvantaged communities. Colleges and universities have been preparing for what an end to race-conscious admissions could mean for their admissions processes, beginning with students applying to schools this fall. Here's how the college admissions process could change in the coming months and years.

Persons: Becky Pringle, Pringle Organizations: Harvard University, University of North, National Education Association, Fair, Harvard, UNC, NEA, of Education, Department, Justice Locations: University of North Carolina

☆ Democrats warn Musk after Twitter safety execs leave
▼ + stars: | 2023-06-05 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

After news broke last week that both Twitter's head of trust and safety, Ella Irwin, and head of brand safety and advertising quality, A.J. Brown, had departed, four senators wrote in a letter to Twitter owner Elon Musk and new CEO Linda Yaccarino that they were concerned about Twitter's ability to meet its legal obligations. The Democrats asked the Twitter leaders several questions about whether and how the company has complied with the security and privacy obligations in the FTC consent decree. "Mr. Musk's behavior reveals an apparent indifference towards Twitter's longstanding legal obligations, which did not disappear when Mr. Musk took over the company," the senators wrote. "Regardless of his personal wealth, Mr. Musk is not exempt from the law, and neither is the company he purchased."

Persons: Ella Irwin, Brown, Elon Musk, Linda Yaccarino, Elizabeth Warren, Ed Markey, Ron Wyden, Mazie Hirono, Musk's, Musk, Twitter Organizations: Federal Trade Commission, Twitter, FTC, Department of Justice, New York Times, Democrats, CNBC, YouTube, Elon Locations: Sens, Hawaii

☆ California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee
▼ + stars: | 2023-06-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

A California lawmaker who has opposed efforts to crack down on the tech industry is the leading contender to become the highest ranking Democrat on the House Judiciary subcommittee on antitrust. One senior Democratic aide described the prospect of Correa becoming ranking member as a "great windfall for the tech companies." Several senior members of the subcommittee who support tech antitrust reform would have seemed more likely candidates for the top Democratic seat not long ago. But the field is complicated by the fact that many of them already have ranking member positions on other subcommittees they may not wish to give up. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, David Cicilline, Cicilline, Correa, Correa's, Thomas Massie, Ken Buck, Buck, Joe Neguse, Mary Gay Scanlon, Pramila Jayapal, They're Organizations: Rep, Apple, Google, Facebook, Democratic, Colo, Big Tech, Federal Trade Commission, Department of Justice Antitrust Division, Democrats, CNBC, Chamber of Commerce, FTC, Meta, Progress Education Fund, Economic Security, Future, House Judiciary, White Locations: California, Southern California, Ky, U.S, House

☆ Mattress M&A is stuffed with sweet dreams
▼ + stars: | 2023-05-10 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

Memory foam bedmaker Tempur Sealy International (TPX.N)agreed to buy rival Mattress Firm in a $4 billion cash-and-stock deal that combines manufacturing and retail. Mattress Firm filed for bankruptcy in 2018. Tempur’s superior 17% EBITDA margin, nearly double that of Mattress Firm, also helps make a deal stack up. Boosting Mattress Firm’s operating profitability from 10% to 13% could double those synergy projections. The buyer will retain slightly more than 83% of the combined company while Mattress Firm’s owners will hold the rest.

☆ White House to meet Microsoft, Google CEOs on AI dangers
▼ + stars: | 2023-05-04 | by ( Nandita Bose | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationWASHINGTON, May 4 (Reuters) - The White House will host CEOs of top artificial intelligence companies, including Alphabet Inc's Google (GOOGL.O) and Microsoft (MSFT.O), on Thursday to discuss risks and safeguards as the technology catches the attention of governments and lawmakers globally. Leading AI developers, including Anthropic, Google, Hugging Face, NVIDIA, OpenAI, and Stability AI, will participate in a public evaluation of their AI systems at the AI Village at DEFCON 31 - one of the largest hacker conventions in the world - and run on a platform created by Scale AI and Microsoft. Such political ads are expected to become more common as AI technology proliferates. In February, Biden signed an executive order directing federal agencies to eliminate bias in their use of AI. The Biden administration has also released an AI Bill of Rights and a risk management framework.

☆ Twitter's former top execs, fired by Elon Musk on his first day in charge, are suing the company for $1 million in unpaid bills
▼ + stars: | 2023-04-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter's former CEO, CFO, and chief legal officer are suing Twitter for over $1 million. They claim they had agreements with the company that it would reimburse any legal fees they incurred. The company took two months to acknowledge their demands and still won't pay, the suit alleges. The suit claims the two ex-execs racked up legal fees to deal with these cases and comply with various demands. The trio's action against Twitter follows several others alleging that the company has failed to pay bills since Musk took over the company last October.

☆ Democrats are betting Republicans' defense of Donald Trump's criminal charges will age like milk on the 2024 campaign trail
▼ + stars: | 2023-04-07 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

Republicans facing tough 2024 races are defending Donald Trump against criminal charges. Democrats are betting their defense of Trump will hurt them in competitive 2024 races. Lauren Boebert (@RepBoebert) April 4, 2023Boebert is on House Democrats' list of 31 vulnerable Republicans and two competitive open seats that they are targeting to take back control of the House in 2024. Biden hasn't commented on Trump's charges, and Democrats in Congress are treading carefully. Democrats shouldn't get ahead of the judicial process, said Rodell Mollineau, a cofounder and partner at Rokk Solutions in Washington, DC.

☆ The Biden administration is shifting its approach to TikTok
▼ + stars: | 2023-03-08 | by ( Jeremy Diamond | ) edition.cnn.com time to read: +3 min

CNN —The White House’s endorsement of a bill that would give the Biden administration new powers to restrict or ban TikTok in the United States marks a significant shift in the White House’s approach to the Chinese-owned social media app. It’s also a move that the White House has been actively mulling for several weeks while working with lawmakers on Capitol Hill to draft the legislation, Democratic and Republican aides said. The bill does not target TikTok specifically for a ban. The bill was drafted in close consultation with the White House’s National Security Council as well as the Commerce, Treasury and Justice Departments, according to aides familiar with the process. “A U.S. ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide.”– CNN’s Brian Fung contributed to this report.

☆ The timeline of Tyre Nichols' death, from being stopped by Memphis cops to officers being charged with his murder
▼ + stars: | 2023-01-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Tyre Nichols died after he was beaten by Memphis police officers, his family's attorneys say. The Memphis Police Department has not released many details about the case, but Police Chief Cerelyn Davis condemned the incident as "heinous, reckless, and inhumane." January 10: Nichols diesThe Tennessee Bureau of Investigation announced that Nichols had "succumbed to his injuries." January 20: Memphis Police says five officers firedMemphis police officers Demetrius Haley, Tadarrius Dean, Justin Smith, Emmitt Martin, and Desmond Mills Jr. are facing murder charges. Wells added that the footage showed Nichols repeatedly calling out for his mother, according to The Washington Post.

☆ Snapchat's role in fentanyl crisis probed during House roundtable: 'It's a Snap-specific problem'
▼ + stars: | 2023-01-25 | by ( Lauren Feiner | ) www.cnbc.com time to read: +6 min

The roundtable featured the mother of a child who died after taking a drug containing fentanyl allegedly purchased over Snapchat, apparently believing it was a prescription painkiller. "Big Tech has many problems," said Carrie Goldberg, a lawyer who works on cases seeking to hold tech platforms accountable for often offline harms. Bloomberg reported Wednesday that the Federal Bureau of Investigation and Department of Justice are also investigating Snap's role in fentanyl sales. That's because it does not incentivize safety features, she said, and also prevents tech platforms from reaching the discovery stage in many cases, which could otherwise reveal internal information. But legislation weakening encryption for law enforcement investigations would also likely be at odds with the committee's other goal of increasing digital privacy protections.

☆ White House tells House Republicans probing Biden documents that it will cooperate with 'legitimate oversight'
▼ + stars: | 2023-01-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +3 min

WASHINGTON — The White House Counsel's Office said it is reviewing recent requests from a GOP committee chair related to Biden's handling of classified documents and signaled they plan to cooperate to an extent. Delery, however, suggested that there will be a limit to what the White House is willing to share with Congress. To that end, White House staff will reach out to Committee staff to arrange a time to discuss this matter." Delery acknowledged that the FBI conducted a "thorough, consensual search" of Biden's Wilmington residence on Friday after the president's lawyers offered to provide access to his home. Comer's probe is one of two major House Republican investigations into the Biden documents.

☆ TikTok banned on government devices under spending bill passed by Congress
▼ + stars: | 2022-12-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +8 min

The bill includes an exception for law enforcement, national security and research purposes. TikTok has repeatedly said its U.S. user data is not based in China, though those assurances have done little to alleviate concern. While it fell short of antitrust advocates' hopes, the inclusion of the merger filing fee bill still gained praise. Miller said the bill will "significantly strengthen antitrust law for the first time since 1976." Empowering state AGs in antitrust casesAnother antitrust bill included in the package was a version of the State Antitrust Enforcement Venue Act.

☆ Former FTX CEO Sam Bankman-Fried hit with campaign finance complaint over GOP 'dark' money
▼ + stars: | 2022-12-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

An ethics watchdog group has asked the Federal Election Commission to investigate former FTX CEO Sam Bankman-Fried for alleged "serious violations" of election law, citing his admitted contributions of "dark" money to Republican-aligned groups during the 2022 primary season. Anyone can file a complaint with the FEC if they suspect a violation of federal election campaign laws. The complaint contains a link to the Nov. 16 interview Bankman-Fried gave to Tiffany Fong, who posted the discussion on her YouTube channel. "All my Republican donations were dark," Bankman-Fried went on to say, the complaint noted. In the interview, Bankman-Fried said that those contributions were "all for the primary."

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