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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.
Washington Post Hires Alex MacCallum as Revenue Chief After Leadership Exodus
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Lawmakers Demand Telecom Firms Act on Toxic Lead Cables After WSJ Investigation
What to Read Next Source link
London's Canary Wharf Takes Brunt of Real-Estate Pain
Empty offices, remote working and corporate tenants fleeing to buzzier parts of the U.K. capital are all hitting the 30-year-old business district. Source link
Measure It Differently, and Inflation Is Behind Us
Measure U.S. price changes the way Europe does, and inflation was already just below 3% in May. Source link
Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals
Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and