UK regulator delays GXO's Wincanton takeover, due to 'competition concerns'
The UK’s Competition and Markets Authority (CMA), the country’s chief competition regulator, has delayed GXO’s ...
DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS LINE: LANDSCAPE
DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS LINE: DEMAND PATTERNS LINE: LANDSCAPE
SEEKING ALPHA reports:
The House antitrust subcommittee has released its report on Big Tech after a 16-month investigation, concluding that four tech giants – Alphabet (GOOG, GOOGL), Amazon.com (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Facebook (NASDAQ:FB) – enjoy “monopoly power,” and that antitrust laws need changes that might result in business separations.
The near-450-page report features a swath of recommendations, including imposing structural separations, and prohibiting dominant platforms from entering adjacent business lines – what subcommittee Chairman David Cicilline has called a “Glass-Steagall” law for the Internet. It also recommends instructing agencies to presume that mergers involving dominant platforms are anticompetitive, shifting the burden of proof onto the merging parties.
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You may also want to read this: “Congress should consider breaking up Big Tech and limiting acquisitions, House report says“.
This: “Democrats outraged as Trump halts Covid stimulus talks until after election“.
This: “Dow finishes down more than 1% as Trump calls end to fiscal stimulus talks until after election“.
And this: “WTI slides back below $40 after surprise crude build“.
Tuesday reaction: Gold below $1,900 an ounce – 10-yr UST little changed – VIX closer to 30.
(Friday: “European stocks and US equity futures rise as American stimulus hopes stay alive“.)
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