The agency is concerned that transactions including Microsoft’s $13 billion investment in OpenAI could hinder competition and innovation.
Category: Regulation and Deregulation of Industry
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Is Cryptocurrency Like Stocks and Bonds? Courts Move Closer to an Answer.
Federal judges are weighing whether digital currencies should be subject to the same rules as stocks and bonds. The outcome could shape crypto’s future in the U.S.
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Cruise Says Hostility Toward Regulators Led to Grounding of Its Autonomous Cars
A report by a law firm about an October crash found that executives failed to fully explain the incident, which the Justice Department is also investigating.
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Apple Overhauls App Store in Europe, in Response to New Digital Law
A new E.U. law taking effect in March forced Apple to loosen its grip on the App Store, changes it had long resisted.
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Proposal to Reduce Royal Mail Deliveries in U.K. Draws Ire
Letter volumes have halved since 2011. Without significant changes, the beleaguered Royal Mail services will become “out of date,” according to a report.
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Boeing Reinstalled Panel That Later Blew Out of 737 Max Jet
Employees at its Washington State factory are said to have removed the door plug for further work before the plane was delivered to Alaska Airlines.
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After New Hamphire, Business Braces for a Trump Nomination
Donald Trump cruised to victory in the state’s Republican primary, leaving anti-Trump donors and others to grapple with the reality of a near-certain nomination.
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TurboTax Can No Longer Advertise Products as Free, F.T.C. Says
About two-thirds of taxpayers did not qualify for the free service. The disclaimers that it was not free for all were often “ineffective and often inconspicuous,” the Federal Trade Commission said.
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‘We’re All Climate Economists Now’
With climate change affecting everything from household finances to electric grids, the profession is increasingly focused on how society can mitigate carbon emissions and cope with their impact.
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China’s Travel Economy Is Slowly Coming Back. Here’s Where It Stands.
Over a year after China opened its borders following the pandemic, international trips are still lagging, although domestic travel is more popular.
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What Is the Basel III Endgame, and Why Are Banks So Upset About It?
Federal regulators want to raise capital requirements for big banks. Their plan is drawing criticism from groups that aren’t normally aligned with the industry.
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What the Supreme Court Fishery Case Could Mean for Federal Agencies’ Power
The case appears poised to be the next step in the conservative legal movement’s multigenerational effort to chip away at the New Deal.