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The FTC wants to block a big handbag merger to preserve competition. ‘10,000 alternatives’ could complicate its case.
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The More the FTC Sues, the Bigger Its Budget Grows
The agency has a perverse incentive.The Wall Street Journal - World -
Biden's natural gas pause could complicate Pennsylvania strategy
The Biden administration’s pause on natural gas exports is putting the president in a tricky political spot in Pennsylvania, one of the key swing states in November. Pennsylvania has been one of the biggest beneficiaries of the last decade’s ...The Hill - Politics - Joe Biden -
Israel Wants to Go Into Rafah. It Could Go Badly.
The military objectives are important, but risks to civilians and to Israel’s international standing will be hard to escape.The Wall Street Journal - World - Israel -
ArcelorMittal warns that one of its main divisions could quit UK
Steel group objects to Chatham Docks plan as it would have ‘seismic adverse consequences’ on the national economyFinancial Times - World - United Kingdom
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Paramount reportedly approves buyout talks with Sony, Apollo
Paramount Global has formally begun negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management, the New York Times reported Sunday, after a 30-day exclusive negotiating window with Skydance expired Friday.MarketWatch - Business -
Stock-market bulls face test as consumers start to show signs of stress
As the Fed keeps its key interest rate at a 23-year high, consumers are becoming increasingly stressed, which, if continued, could spell trouble for the U.S. stocks.MarketWatch - Business -
$7,500 for tequila? The Cinco de Mayo staple has become a super-premium spirit.
“As more consumers make tequila their spirit of choice, we’ve seen them gravitate towards high-quality, premium tequilas,” Patrón executive says.MarketWatch - Business -
The bar is creeping higher for second-quarter earnings
One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.MarketWatch - Business -
‘Our prenup stirred up resentment’: My husband, 62, lives in my home. I pay for his credit card, car loan, vacations and groceries. Now he wants to pool our assets.
“He has $1.2 million invested. I have close to $5 million in investments.”MarketWatch - Business