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August 18, 2022

RSBI:REGULATORY-OVERSIGHT

India proposes antitrust scrutiny for M&A worth over $250 mln

Reuters
by Reuters00
NEW DELHI, Aug 5 (Reuters) – India proposes mandating antitrust scrutiny for mergers and acquisitions valued above 20 billion rupees ($250 million), according to a draft law, a move lawyers said appeared aimed at global tech companies with substantial local business. The proposal is part of a larger overhaul of......
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U.S. Senate climate, drug bill estimated to cut 10-year deficit by $101.5 bln

Reuters
by Reuters01
A general view of the sky above the United States Capitol dome in Washington, U.S., June 21, 2022. REUTERS/Mary F. Calvert Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 3 (Reuters) – A $430 billion drug pricing, energy and tax bill that Democrats hope to fast-track through......
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Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger

Reuters
by Reuters00
WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.......
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China’s Alibaba strives to keep New York listing amid audit dispute

Reuters
by Reuters01
Aug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK)said on Monday it would work to maintain its New York Stock Exchange listing alongside its Hong Kong listing after the Chinese e-commerce giant was placed on a delisting watchlist by U.S authorities. Alibaba stock closed down nearly 3.8% in a near-flat......
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Australia watchdog urges gas export curbs to avert domestic supply crunch in 2023

Reuters
by Reuters01
East coast shortfall could equal 10% of demand – watchdog Government extends gas export control trigger to 2030 Gas producers say ample gas available to fill shortfall MELBOURNE, Aug 1 (Reuters) – Australia’s competition watchdog for the first time has urged the government to curb liquefied natural gas (LNG) exports,......
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U.S. sues to stop Facebook from buying virtual reality firm Within

Reuters
by Reuters01
WASHINGTON, July 27 (Reuters) – The U.S. Federal Trade Commission sought a court order on Wednesday to block Facebook parent Meta Platforms (META.O) from buying virtual reality (VR) content maker Within Unlimited. The FTC, in a request filed on Wednesday in federal court in San Francisco for a temporary restraining......
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Crypto exchange Coinbase faces SEC probe over securities – Bloomberg News

Reuters
by Reuters00
A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register July 25 (Reuters) – The U.S. Securities and Exchange Commission (SEC) is investigating whether Coinbase Global Inc (COIN.O) improperly let......
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Exclusive: EU likely to bolster Apple probe with new evidence, no new charges – sources

Reuters
by Reuters01
BRUSSELS, July 20 (Reuters) – EU antitrust regulators are set to beef up an investigation into Apple (AAPL.O), triggered by Spotify (SPOT.N), with new evidence but not new charges, in the hope of speeding up the case, people familiar with the matter said. The European Commission last year told the......
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Indian regulator approves new head of NSE bourse

Reuters
by Reuters01
MUMBAI, July 17 (Reuters) – India’s market regulator on Sunday approved the appointment of Ashish Kumar Chauhan as the next chief executive of the National Stock Exchange of India (NSE), the country’s top bourse said in a statement. The NSE, launched in 1994, says it is the world’s biggest derivatives......
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German competition authority looking into oil, petrol prices

Reuters
by Reuters00
A diesel fuel nozzle is seen attached to a car at a Shell petrol station in Berlin, Germany October 22, 2018. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register BERLIN, July 15 (Reuters) – Germany’s cartel office said it has since May been investigating the divergence between......
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SEC investigates Better.com for alleged federal laws violation

Reuters
by Reuters00
July 14 (Reuters) – The U.S. Securities and Exchange Commission (SEC) is examining whether mortgage lender Better.com and the special purpose acquisition company it has agreed to merge with, Aurora Acquisition Corp (AURC.O), violated federal securities laws. In the second-quarter of 2022, the regulator asked Better.com and Aurora Acquisition to......
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FDA to review first ever over-the-counter birth control pill

Reuters
by Reuters01
July 11 (Reuters) – Perrigo Company (PRGO.N) said on Monday its unit HRA Pharma has asked the U.S. Food and Drug Administration (FDA) to approve a daily birth control pill for over-the-counter (OTC) sale, the first such request for this type of contraception. The application from the HRA comes on......
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China regulator fines Alibaba, Tencent for disclosure violations

Reuters
by Reuters00
SHANGHAI, July 10 (Reuters) – China has imposed fines on technology giants Alibaba (9988.HK) and Tencent (0700.HK) as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country’s market regulator said on Sunday. The State Admnistration for Market Regulation......
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Google offers concessions to avoid U.S. antitrust lawsuit -WSJ

Reuters
by Reuters01
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 8 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has offered concessions to avoid a potential U.S.......
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EXCLUSIVE Spirit to postpone Frontier deal vote as JetBlue talks progress -sources

Reuters
by Reuters00
July 7 (Reuters) – Spirit Airlines Inc (SAVE.N) will postpone a shareholder vote scheduled for Friday on its $2.4 billion sale to Frontier Group Holdings Inc (ULCC.O) so it can continue negotiations about selling itself to JetBlue Airways Corp (JBLU.O) instead, according to people familiar with the matter. The Spirit......
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Rogers, Shaw say Canada antitrust talks on deal did not result in resolution

Reuters
by Reuters00
July 6 (Reuters) – Rogers Communications (RCIb.TO) said on Wednesday talks with Canada’s antitrust authority to discuss possible remedies to the blocked C$20 billion ($15.34 billion) takeover of Shaw Communications (SJRb.TO) did not result in a resolution. Shares of Rogers were down 1.77% at C$61.99 at midmorning Shaw was down......
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EU lawmakers pass landmark tech rules, but enforcement a worry

Reuters
by Reuters00
BRUSSELS, July 5 (Reuters) – EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet (GOOGL.O) unit Google, Amazon (AMZN.O), Apple (AAPL.O), Facebook and Microsoft (MSFT.O), but enforcement could be hampered by regulators’ limited resources. In addition to the rules known......
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EU agrees to tame ‘Wild West’ with new crypto market rules

Reuters
by Reuters01
Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters – Cryptocurrency companies will need a licence and customer safeguards to......
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U.S. SEC rejects Grayscale’s spot bitcoin ETF

Reuters
by Reuters01
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 29 (Reuters) – The U.S. securities regulator on Wednesday rejected a proposal to list a spot......
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U.S. FDA classifies recall of GE’s ventilator batteries as most serious

Reuters
by Reuters00
June 28 (Reuters) – U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement......
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