Tag: Politics

Apple’s Antitrust Battle: 5 Years of Disruptions Ahead

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[ad_1] Apple CEO, Tim Cook, testifies before the Senate Homeland Security and Governmental Affairs Committee’s Investigati Also Read :KKR vs SRH, IPL 2024: March Madness Spotlights a Sport Relegated to Pittsburgh’s Shadows: Basketball The U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone’s market power to cut off rivals, kicking off a multiyear process involving hundreds of lawyers and threatening Apple’s “walled garden” business model. If the DOJ wins, it could seek a range of changes to Apple’s business, and U.S. officials didn’t rule out…

Elizabeth Warren calls on SEC to investigate Tesla, Elon Musk over governance issues once again

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[ad_1] Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company’s board of directors over what she called, “possible misappropriation on resources and conflicts of interest arising from Mr. Musk’s dual role at Tesla and X— renamed from Twitter.” Warren, who sits on both the Senate’s banking and the armed services committees, had sent a similar request to the SEC last July, and a letter to board chair Robyn Denholm expressing similar concerns in the past. In a…

Judge orders Trump company to tell financial watchdog about efforts to get appeal bonds

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[ad_1] Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, October 25, 2023. Jeenah Moon | Reuters A judge ordered Donald‘s company Thursday to inform a court-appointed financial watchdog about any future efforts to obtain an appeal bond. Judge Arthur Engoron’s order came three days after Trump’s lawyers said in a court filing it has been “impossible” for the former president to get such a bond for a civil fraud case he lost.…