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Big Tech Braces for Wave of Antitrust Rulings in 2024 

U.S. antitrust cases against tech giants Google and Meta Platforms are expected to come to a head in 2024, likely producing long-awaited rulings that could shape the legacies of top Biden administration regulators.Silicon Valley and its critics have seen their patience tested on some of these cases. A U.S. antitrust case brought against Alphabet’s Google unit in 2020 went to trial in 2023 and now heads to closing arguments in May.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

Court Sides With FTC Finding Illumina-Grail Deal Anticompetitive 

A federal appeals court said the U.S. government was right to challenge Illumina’s purchase of cancer-test developer Grail, but still sent the case back to the Federal Trade Commission for reconsideration.A three-judge panel found the deal to be anticompetitive, but said the FTC erred in how it considered Illumina’s proposed fix for its drawbacks. The judges ordered the FTC to reconsider its opinion on the troubled deal, which the European Commission has already ordered Illumina to unwind.Copyright ©2023Dow Jones &

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 was still reviewing it. 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 was still reviewing it. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the…

After Illumina CEO’s Fall, Other Executives Are Expected to Take Hard Look at Deals

ShareListen(2 min) ShareListen(2 min) FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Illumina CEO Francis deSouza Resigns

Head of gene-sequencing test maker steps aside after regulators challenged deal for a cancer test-developer. Head of gene-sequencing test maker steps aside after regulators challenged deal for a cancer test-developer. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

Blood-Test Customers Mistakenly Told They May Have Cancer

Grail said its telemedicine vendor sent the inaccurate forms to 400 people because of a software glitch. Grail said its telemedicine vendor sent the inaccurate forms to 400 people because of a software glitch. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are…

Icahn Nominee Elected to Illumina's Board

Shareholders selected one of the activist investor’s picks, who will replace on the board a director who had served as Illumina’s chairman. Shareholders selected one of the activist investor’s picks, who will replace on the board a director who had served as Illumina’s chairman. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong…

Activist Investor Calls on Yelp to Explore Sale

TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives. TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

More Activists Lay Down Arms in Battles for Boardroom Control

So far in the 2023 proxy season, shareholder activists have shown more bark than bite. At companies including Walt Disney Co. , Salesforce Inc. and Bath & Body Works Inc., big-name activists have prepared to battle for board seats, only to quickly agree to truces. So far in the 2023 proxy season, shareholder activists have shown more bark than bite. At companies including Walt Disney Co. , Salesforce Inc. and Bath & Body Works Inc., big-name activists have…