The Federal Trade Commission voted Thursday day along party lines to rescind a 2015 policy statement that should be guided by the “promotion of consumer welfare” in its antitrust investigations. The move allows for broader enforcement authority over Facebook, Apple, Google and Amazon and other large companies. The agency has the ability to investigate potentially anticompetitive conduct that...
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The Briefing Asia Markets
Covid’s Tech Stars Twinkle Again—at Least Today
Life in our pandemic-dominated world increasingly feels like one of those scary TV series where just when you think the monster has been vanquished, you realize it’s still alive. Today’s big market sell-off on news of the new Covid-19 variant in South Africa—dubbed Omicron by the World Health Organization—is a good reminder of how vulnerable the market is to another flareup of the virus....
Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off
Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech
China’s Government Asks Didi Global to Devise Plan to Delist From U.S.
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