A period of economic downturn throughout the United States seems all but inevitable. In fact, many business leaders and financial experts are warning of a coming recession or are arguing that we may be in one already. Recessions are marked by a decline in gross domestic product, but they often lead to job losses as companies cut back on employees to go through hard times. Read More...
Reuters
First pre-trial hearing in Microsoft-Activision case set for Jan. 3
A judge has set Jan. 3 for the first pre-trial hearing in the Biden administration’s case against Microsoft over its $69 billion bid to take over “Call of Duty” maker Activision Blizzard. The Federal Trade Commission (FTC), which enforces antitrust law, asked a judge to block the transaction earlier this month, arguing that the merger would allow Microsoft’s Xbox to get exclusive access to Activision games, leaving Nintendo consoles and Sony’s PlayStation out in the cold. Microsoft has countered that the deal would benefit gamers and gaming companies alike, offering to sign a legally binding consent decree with the FTC to provide “Call of Duty” games to rivals including Sony for a decade.
