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The Latest Breaking News from the European Commission

Microsoft, Activision and the battle with competition tsars

In a “striking show of leniency by a notoriously tough regulator”, the European Commission has approved Microsoft’s $69bn megadeal with games-maker Activision Blizzard, said DealBook in The New York Times – just weeks after the UK’s competition regulator threw it out.

The Week

European Commission Inaction Is Putting The EU’s Insurance Market At Risk

The Romanian Financial Supervisor Authority announced its bankruptcy proceedings against City Insurance SA.

Zenger

French unemployment stays at lowest level since 1982

France's jobless rate has been steady at 7.1 percent since the last quarter of 2022 – the lowest level since 1982. Youth unemployment stands at more than 5 percentage points below pre-pandemic levels. The new data could boost President Emmanuel Macron's economic credentials as he seeks to achieve full employment.…

France 24

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Microsoft president clarifies EU cloud agreement, popular games will be 'automatically' licensed to competitors and 'this will apply globally'

This is what got the Activision Blizzard deal over the line with EU regulators.

PC Gamer

UK and EU to ‘strengthen co-operation’ on migration, says Downing Street

The Prime Minister met the president of the European Commission at a summit in Iceland

Evening Standard

UK and EU to ‘strengthen co-operation’ on migration – Downing Street

The Prime Minister met the president of the European Commission at a summit in Iceland.

The Independent UK

Ursula von der Leyen steps up calls for tribunal for Russia’s ‘crime of aggression’

Speaking before Council of Europe summit, European Commission president says ‘accountability for Russia’ will be big topic

The Guardian - UK

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Satya Nadella: 'Wait for it all to play out' when asked about pulling out of the UK over Xbox-ABK deal

As the storied effort of Microsoft to acquire Activision Blizzard continues and theories fly left and right, we've got some additional commentary from Microsoft CEO Satya Nadella regarding the situation.

Windows Central

UK watchdog denies it blocked Microsoft deal on orders of US regulator

CEO of Competition and Markets Authority tells MPs decision not to allow acquisition of Activision Blizzard based on ‘own analysis’

The Guardian - UK

There will be no renegotiation of the Windsor Framework – Cleverly

The UK Government and EU unveiled the Windsor Framework earlier this year as a means of resolving post-Brexit trading difficulties.

The Independent UK

Dollar Ticks Lower as Stocks Gain

The dollar index (DXY00 ) on Monday fell by -0.24%. The dollar on Monday retreated from a 5-week high and posted moderate losses as stocks moved higher, curbing liquidity demand for the dollar. The dollar was also under pressure after the U.S. May Empire manufacturing index fell more than expected...

Barchart

The EU will require Microsoft to bring Activision games to its cloud competitors if the buyout is successful

The European Commission has approved Microsoft's Activision deal, but there are conditions

GamesRadar

EU approves Microsoft’s acquisition of Activision Blizzard, subject to certain “commitments”

The European Commission has announced that it has approved Microsoft’s acquisition of Activision Blizzard.

TechRadar

EU approves Microsoft’s Activision takeover in break with UK competition watchdog

The CMA blocked the deal last month

Evening Standard

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Barchart

Stocks Rise on Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is up +0.09%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.01%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.35%. U.S. stock index futures this morning are moderately higher...

Barchart

Stocks Mixed as Hawkish Fed Comments Push Bond Yields Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. U.S. stocks this morning gave up an early advance...

Daily Mirror

Microsoft Activision Blizzard deal approved by EU regulators as CMA issue response

The EU regulators have approved the Microsoft Activision deal despite agreeing with the CMA's concerns around cloud gaming

GamesRadar

Microsoft's Activision Blizzard deal approved by European Union

The deal is approved after the European Commission's investigation

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Windows Central

European Commission approves Microsoft's Activision Blizzard purchase for Xbox

The European Commission has chosen whether or not to allow Microsoft's purchase of Activision Blizzard.

The Independent UK

EU backs Microsoft buying Call of Duty maker Activision Blizzard. But the $69B deal is still at risk

The European Union has approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard

Barchart

Markets Today: Stocks Slide Despite Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.31%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.35%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.11%. U.S. stock index futures this morning are moderately lower...

Barchart

Markets Today: Stocks Climb on Debt Ceiling Optimism

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.17%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.15%. U.S. stock index futures this morning are moderately higher on hopes a deal on the debt ceiling can be reached. President Biden will reconvene with...

The Hindu

India-EU trade, technology council first meeting at Brussels on May 16

first ministerial-level meeting of India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies

StockNews.com

Top 3 Biotech Stocks with Breakout Potential

The biotech industry is well-positioned to witness significant growth due to technological advancements and government spending. Moreover, given the sector’s defensive nature, biotech stocks Amicus Therapeutics (FOLD), Corcept Therapeutics (CORT), and Harmony Biosciences (HRMY) might be solid buys in 2023. Read on.

Zenger

EU Parliament Calls For ‘public Black List’ Of Radical NGOs

The European Parliament voted on May 10 in favor of creating a "public black list" of NGOs

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People

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