The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.
Category: Regulation and Deregulation of Industry
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Qualcomm Asked Rival Intel if It Would Consider Sale
While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.
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F.T.C. Accuses Drug Middlemen of Inflating Insulin Prices
The case takes aim at the major pharmacy benefit managers, agency officials said, claiming that they favored more expensive insulin products and forced patients to pay more.
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Stocks Rally a Day After Fed’s Big Interest Rate Cut
The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday’s gain put the index in range of a closing record.
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Backlash Erupts Over Europe’s Anti-Deforestation Law
Leaders around the world are asking the European Union to delay rules that would require companies to police their global supply chains.
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What Trump Has Said About Interest Rates, and Why It Matters
He has suggested that presidents should “have a say” on interest rates, though he later walked the comment back.
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Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian
The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.
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Central Banks Around the World Are Cutting Rates
Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.
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Alaska Airlines Can Merge With Hawaiian Airlines, U.S. Says
The airlines agreed to maintain some routes and meet other conditions to secure the Transportation Department’s approval of their merger.