DOJ takes legal action against Apple over iPhone monopoly in landmark antitrust case [CNBC]
The claim declares that Apple’s anti-competitive practices extend beyond the iPhone and Apple Watch companies, mentioning Apple’s marketing, internet browser, FaceTime and news offerings…. “This anticompetitive behavior is designed to maintain Apple’s monopoly power while extracting as much revenue as possible,” the grievance stated.
The Fed Stays the Course on Rates [DealBook]
The futures market Thursday early morning offered an 84 percent opportunity of a June cut, up from 60 percent on Wednesday…. The Fed itself is divided. Ten of the 19 policymakers see the prime loaning rate being up to 4.625 percent or lower by the end of the year. It would take simply one defection from the dovish camp to possibly ambuscade the reserve bank’s three-cut outlook.
Apollo Offers $11 Billion for Paramount’s Hollywood Studio [WSJ]
The quote comes as an independent committee of the business’s directors is evaluating another deal from Skydance Media to combine with all of Paramount, which likewise owns CBS, Nickelodeon and a variety of other cable television networks…. Paramount Global’s managing investor, Shari Redstone, and other board members have actually withstood offering the studio, which they think about the crown gem of the business. Redstone, who is open to offering Paramount in its whole, would need to accept separating the business and permitting a sale of the studio to continue.
Biden Targets Private Jets in Hunt for Tax Revenue [NYT]
Companies have actually long taken advantage of laws that enable them to cross out the expense of jets faster than airlines can, and to pay less in fuel taxes…. The White House approximates that the propositions would raise $4 billion over a years.
Goldman Sachs Raises $700 Million to Co-Invest With Hedge Funds [Bloomberg]
Union Bridge Partners I, as the fund is understood, will deal with an external network of supervisors to designate the cash into their high-conviction concepts….
Brazen on-the-run crypto coward smiles as he declines to excuse blowing through $3.5 BILLION in financiers’ money before fund imploded – as he breaks cover from secret area while being hunted by America, the United States Virgin Islands and Singaporean cops [Daily Mail]
“Am I sorry for a company going bankrupt? No, like, companies go bankrupt, almost every company goes bankrupt, right?” he stated.
