The Trump administration has decided to continue using strict guidelines established under the Biden administration to review corporate mergers, a move detailed by Federal Trade Commission Chairman Andrew Ferguson and DOJ’s antitrust division head Omeed Assefi. The decision, supported by Vice President JD Vance, aligns with the anti-corporate stance of the administration and is seen as a victory for those advocating for stronger antitrust enforcement. The announcement comes as a disappointment to Wall Street, which had hoped for a more lenient approach towards evaluating proposed mergers.
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Oil prices jump after U.S. strike on Iranian nuclear facilities
Oil prices surged and stock futures declined amid rising concerns over economic repercussions from U.S. strikes on Iran's nuclear facilities, with fears about access to the Strait of Hormuz, a crucial oil transit route. Analysts warned that disruptions could lead to significant increases in oil and gas prices, while Iran's parliament considered closing the strait, despite potential harm to its economy and ties with China. Need More Context? 🔎
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