NEW YORK (Reuters Breakingviews) - Qualcomm lost a lawsuit brought by one DC overseer, even as the DOJ intervened, while $26 bln T-Mobile US-Sprint merger is getting yanked around by agencies with opposing views. Doing business is hard when agencies no longer act in unison. Plus: Is Luckin Coffee going cold?
NEW YORK (Reuters Breakingviews) - Qualcomm, T-Mobile US and Sprint have been thrown for a loop this week. And they and their investors have the random nature of oversight in President Donald Trump’s administration to thank for it.
NEW YORK (Reuters Breakingviews) - The country no longer loves the unremarkable and its inequitable universities are unsustainable, NYU’s Scott Galloway tells Breakingviews. As his new book “The Algebra of Happiness” hits the shelves, he also discusses his prescient Amazon call and why Big Tech needs breaking up.
NEW YORK (Reuters Breakingviews) - Washington and Beijing may yet find a way to end their escalating trade war soon. But for many businesses, the damage already inflicted will be hard to undo. Plus: CEO Mark Zuckerberg might not welcome more calls to break up Facebook, but shareholders could benefit.
SAN FRANCISCO/NEW YORK (Reuters Breakingviews) - Facebook is eyeing an indirect path around China’s great wall. Blocked from operating there directly, the $520 billion social network is considering alternatives that include taking minority stakes in local tech firms, people familiar with the matter have told Breakingviews. Politicians in Beijing and Washington may not like that idea. For Mark Zuckerberg's firm, though, it's probably the best option going.
NEW YORK (Reuters Breakingviews) - Occidental boss Vicki Hollub corralled BofA CEO Brian Moynihan and investor Warren Buffett to her side to seal a $38 bln offer for Anadarko. Her tactics scared off rival bidder Chevron but may alienate her own shareholders. Plus: Malaysia’s reform efforts since the 1MDB scandal.
NEW YORK (Reuters Breakingviews) - Both Silicon Valley giants are looking for the next big thing after a slowdown in their main product – iPhone sales at Apple and online ads at Alphabet. Lower expectations mean Tim Cook’s outfit has more time to act. Plus: Activist Dan Loeb puts Sony back under the microscope.
NEW YORK (Reuters Breakingviews) - Apple has old age and experience going for it. The $965 billion firm reported on Tuesday a 5 percent decline in quarterly revenue, but it did better than analysts anticipated. Meanwhile, Alphabet shares tanked even as it posted 17 percent growth in the top line. The Silicon Valley giants are both searching for the next big thing. Lower expectations and generous handouts give Apple more cushion.
NEW YORK (Reuters Breakingviews) - Thor, Iron Man and the Hulk are crushing it. The smashing weekend debut of Walt Disney’s “Avengers: Endgame” further strengthens the superheroes’ dominance of Hollywood. Movie-goers looking for a small quiet film will increasingly have to stay at home.
NEW YORK (Reuters Breakingviews) - HBO’s hit series is ending as parent AT&T, Amazon, Apple and Walt Disney launch their claims to the streaming-video crown. Netflix, though, will be hard to usurp. Elsewhere, India’s weeks-long election gets underway. And global economic growth collides with nationalism’s rise.