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Mexican Government to Buy Power Plants From Spain's Iberdrola
The acquisition will increase the state-owned utility’s share of the country’s electricity generation to 55%, the government says. Source link
China's New Weapon: Dragging Its Feet on Deals Involving American Companies
Beijing has slowed down antitrust reviews of proposed deals by American firms, people close to the process say. Source link
McKinsey Is Shutting Down Its Restructuring Business
Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar
TikTok Fined $15.8 Million by U.K. Regulator for Misuse of Children’s Data
Tech Social-media platform failed to remove underage users, authorities say Source link
Credit Suisse Chairman: 'I Am Truly Sorry'
Shareholders at the bank’s final annual meeting expressed their anger toward management and the board for failing to save the storied institution. Source link
Jamie Dimon on Banking Turmoil: 'This Wasn't the Finest Hour for Many Players'
The JPMorgan CEO says regulations need tweaking following the failures of Silicon Valley Bank and Signature. Source link
Australia Bans TikTok From Government Devices Amid Security Concerns
With the decision, Australia joins the U.S. and all other members of the so-called Five Eyes intelligence alliance in restricting government access to the video-sharing
Investors Are Too Spooked by Washington's PBM Crackdown
Efforts to take on Cigna’s and CVS’s pharmacy benefit managers won’t hurt as much as Wall Street expects. Source link
Disney CEO Iger Calls DeSantis’s Moves Antibusiness, Anti-Florida
Business Company, state have been clashing since Disney opposed Parental Rights in Education bill last year Source link
FTC Rejects Illumina's $7 Billion Deal for Cancer-Test Developer Grail
The agency said the combination would hurt competition for cancer-detection tests while raising prices. Source link