S&P 100 Daily Newsletter - June 21, 2023
- Amazon faces legal issues as the Federal Trade Commission (FTC) alleges that the company tricked customers into subscribing to its Prime service and made cancellation difficult. Published on June 21, 2023, by Barron's. Read more
- The FTC lawsuit suggests Amazon referred to its Prime entrapment scheme as 'Iliad,' a reference to the Trojan Horse from Homer's epic. Reported by Fortune on June 21, 2023. Read more
- Intel agrees to sell a 20% stake in its IMS Nanofabrication GmbH business to Bain Capital's special situations unit, valuing IMS at around $4.3 billion. Reported by Law360 on June 21, 2023. Read more
- Google faces a $15.1 million verdict after a Delaware federal jury found the company infringed a pair of audio programming patents. Covered by Law360 on June 21, 2023. Read more
- Macquarie's Viktor Shvets expresses concern about the current bull market potentially overextending itself. Covered by the Australian Financial Review (AFR) on June 21, 2023. Read more
- An NLRB Judge claims that Apple unlawfully removed pro-union flyers and illegally questioned workers about their support for the union campaign. Reported by Law360 on June 21, 2023. Read more
- FTC challenges Amgen Inc.'s proposed $28 billion acquisition of Horizon Therapeutics, posing potential antitrust risks. Published by Law360 on June 21, 2023. Read more
- BlackRock, the world's largest asset management company, files a lawsuit against the U.S. Department of Labor alleging violations of fiduciary duty via ESG investing. Reported by The Hill on June 21, 2023. Read more
- Google files an antitrust complaint against Microsoft over alleged unfair practices in the Azure cloud unit. Covered by CNBC on June 21, 2023. Read more
- Xylem releases a high-efficiency dewatering pump, the Godwin HL270M Dri-Prime Pump, promising savings of up to 10% and reduced carbon emissions. Reported by Compact Equipment on June 21, 2023. Read more
- Google accuses Microsoft of anticompetitive practices in the cloud services market. Covered by Forbes on June 21, 2023. Read more
- America's top CEOs share their future plans for using artificial intelligence in a Fortune article published on June 21, 2023. Read more
