The UK blocked Microsoft’s Activision deal. Here’s what it means for U.S. regulators
While having another major regulator also find competition issues in the deal may be encouraging for the FTC, the road ahead is still not straightforward.
Eli Lilly misses on earnings but raises full-year guidance
The company reported adjusted earnings of $1.62, which missed analyst expectations of $1.73 for the quarter.
Southwest posts wider-than-expected loss as toll of holiday crisis stretches into 2023
Southwest Airlines lost $159 million in the first quarter as the financial impact of its holiday meltdown stretched well into 2023.
Merck results beat expectations despite a big drop in sales of Covid antiviral treatment
Despite the drop in molnupiravir sales, Merck’s revenue and adjusted earnings for the first quarter beat Wall Street’s expectations.
Appeals court rejects Trump’s effort to block Pence from testifying in Jan. 6 probe
Trump can still appeal to the Supreme Court but has not indicated whether he will.
Chinese retailers helped lift Meta’s first-quarter sales in a tough online advertising market
Meta’s first-quarter earnings jumped 3% year over year due in part by Chinese retailers buying Facebook ads.
Biden addresses concerns about his age after launching his 2024 re-election bid
“I took a hard look at it before I decided to run. And I feel good,” Biden said after reporters pressed him on voter concerns about his age during a press conference at the White House.
SpaceX Starship explosion ignited 3.5-acre fire and sent debris thousands of feet, U.S. Fish and Wildlife Service says
“Large concrete chunks, stainless steel sheets, metal and other objects hurled thousands of feet away” were among the effects, according to FWS.
Meta’s Reality Labs records $3.99 billion quarterly loss as Zuckerberg pumps more cash into metaverse
Meta CEO Mark Zuckerberg keeps pumping money into the metaverse.
Hunter Biden lawyers meet with DOJ prosecutors about pending criminal probe
Hunter Biden has been under criminal investigation since 2018 by the U.S. Attorney in Delaware, who was appointed to that post by former President Donald Trump.
