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Microsoft's Win Puts U.K. Regulator in Challenging Spot Over Activision Deal
Britain’s antitrust watchdog, the only major regulator preventing the deal from closing, says it is ready to consider a new proposal. Source link
Lina Khan Is Taking on the World's Biggest Tech Companies—and Losing
The FTC chair’s court loss against Microsoft marks another setback in her fight to block mergers. Source link
Merrill Lynch to Pay $12 Million for Failing to File Hundreds of Suspicious Activity Reports
Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since their tie-up. Source link
Activision Win Is Big for Microsoft—Smaller for Big Tech
An FTC campaign to rein in tech giants suffers another setback, but will likely persist. Source link
Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules
The companies can complete the deal before a Federal Trade Commission hearing that is scheduled for August. Source link
Bank of America Ordered to Pay $250 Million Over Wrongful Fees
The CFPB also said the bank withheld credit card rewards and opened accounts without consent. Source link
Twitter Sues Wachtell Over $90 Million Payout for Musk's Buyout Deal
Twitter sued Wachtell, Lipton, Rosen & Katz, the law firm that represented its interests in a Delaware case to force Elon Musk to complete his
Binance Unravels as Executives Flee and Layoffs Proliferate
The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling
China's Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer to the end of its
DoorDash, Uber Eats, Grubhub Sue New York City Over Wage Law
The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility. Source link