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The judge also pointed to a sharp rise in concentration as measured in the Herfindahl-Hirschman Index (HHI), saying the HHI increase for Paramount/WBD exceeds the level necessary to show the merger is likely to enhance market power. “Where plaintiffs demonstrate a presumption of illegality by way of undue market concentration, they need not offer ‘elaborate proof of market structure, market behavior, or probable anticompetitive effects’” to obtain a restraining order, Martínez-Olguín wrote. The legal standard for issuing a temporary restraining order is the same as the one for issuing a preliminary injunction. Parties seeking either kind of preliminary relief must…
Andy Burnham pledged to “bring back hope” to Britain, as he began his tenure as prime minister by appointing Labour stalwart John Healey as chancellor.In his first speech to the nation in Downing Street, Burnham said he wanted to bring forward the “biggest changes in the last 40 years” to British politics.He outlined his intention to unveil a 10-year “new plan for Britain” later this year, explaining this would lay out a path to where he believes “we all want Britain to be”.Burnham promised to make announcements this week to “give people some breathing space now, some help with the…
The recent pullback in semiconductor stocks may have created opportunities for investors willing to look beyond the market’s short-term jitters. The AI complex has repriced sharply since June 22, according to UBS, marking the start of a sharp reversal across parts of the technology sector. The bank screened for technology stocks that have sold off since late June but continue to show improving fundamentals under its proprietary HOLT framework. These companies have pulled back from recent highs, but show positive cash-flow return revisions and upside based on its valuation model, suggesting buying opportunities for investors. Here are 10 stocks from the…
IMF approves $690 million funding for Ukraine Source link
Drones capable of spraying water and fire retardants have been practicing how to snuff out wildfires early in California and Alaska this summer—demonstrating a possible rapid-response tool for firefighting as climate change transforms wildfire season into a nearly year-round risk for much of the United States. Most drones are significantly smaller than crewed aircraft and have shorter flight ranges, meaning they cannot replace large airtankers in delivering massive payloads of water or other fire-suppressing payloads to remote wildfires. But companies and fire agencies—along with organizers of the $11 million XPRIZE competition—are testing whether drones can help firefighting crews respond more…
US President Donald Trump and new UK Prime Minister Andy Burnham had a brief phone call today following his appointment. Source link
If you’re considering a personal loan, you’re in good company.According to Experian, 38% of consumers now have one, and that share has risen steadily since 2017. One reason they’re so popular is that they typically offer much lower interest rates than credit cards, making them an attractive option for consolidating high-interest debt.But a personal loan isn’t a decision to take lightly. You’ll be committing to fixed monthly payments for a set term, and many lenders also charge origination fees. Before you apply, here’s what to consider to determine whether a personal loan is the right fit for your finances.Is a…
US condemns China actions against Philippine navy in South China Sea Source link
CNBC’s Jim Cramer said Monday that the artificial intelligence trade has become too noisy and unpredictable to aggressively put new money to work — at least for now. “If you own too much tech, you’re going to be slaughtered, and you won’t even know what hit you,” the “Mad Money” host said. “For the moment, it’s time to go to other sectors. They can make you money, without the volatility.”Semiconductor and AI-related stocks have come under pressure in recent weeks after surging to records earlier this year. Cramer argued it may be time to stop chasing every twist in the…
Anneliese Midgley, one of the key figures in Andy Burnham’s leadership campaign, has been promoted to the cabinet in the role of chief whip.She has only been the MP for Knowsley, not far from Makerfield, since 2024 but she has been an influential force in the Labour movement for much longer than that, working for both Sir Keir Starmer and Jeremy Corbyn in opposition, following stints at the TUC.She has spoken about how, when she was growing up, her family’s life was changed by the “secure, well-paid, unionised job” her father got at a car factory.Before her political career, music…
