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This Part of Bidenomics Needs More Economics
Massive sums are being spent on industrial policy with little guidance from economic theory or research. Source link
A Glass House for Elon Musk Sparks Internal Tesla Probe
Plans for Tesla’s secret “Project 42” called for an unusual-looking glass structure in the Austin, Texas, area. Source link
Domino's Pizza Strikes Deal With Uber
The pizza chain hopes to generate $1 billion in sales after losing business to food-delivery apps. 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
Brazilian Meatpacker JBS to Pursue U.S. Listing
The company intends to list its shares on the NYSE and the São Paulo Stock Exchange using Brazilian Depository Receipts by the end of 2023.
Illumina Fined More Than $400 Million in Europe for Closing Grail Deal Early
The European Union’s antitrust watchdog fined the company with the maximum allowable amount for wrapping up its acquisition of the cancer-test developer while the agency
Negotiators See Global Deal on Taxing Tech Firms Within Reach
An agreement would reallocate taxation of about $200 billion in profits; failure could lead some nations to impose their own levies on companies. 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
KPMG Plans $2 Billion Investment in AI, Cloud Services
An expanded partnership with Microsoft is expected to bring in $12 billion in revenue for KPMG over five years, the Big Four accounting firm said.
