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In a significant move that echoes the historical enforcement of antitrust laws, the Federal Trade Commission (FTC) has filed a lawsuit against PepsiCo for allegedly engaging in unlawful price discrimination. The complaint contends that PepsiCo has provided preferential pricing and promotional allowances to one retailer, identified through insider sources as Walmart, in a manner that
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As the inauguration of President-elect Donald Trump approaches, significant changes are anticipated in the American regulatory landscape. With a stated goal of enhancing government efficiency, Trump has indicated a willingness to make sweeping alterations to federal agencies, particularly in the financial sector. Appointing prominent figures like Elon Musk and Vivek Ramaswamy as co-chairs of the
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As the year unfolds, the mortgage landscape appears surprisingly resilient, with demand bucking expectations. The Mortgage Bankers Association (MBA) reports a 7% increase in total mortgage application volume compared to the same week last year, despite rising interest rates. This trend is particularly intriguing given the backdrop of higher mortgage costs that could dissuade potential
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Recently, American investment banks experienced an unprecedented surge in quarterly revenue, attributed primarily to a notable uptick in trading activities surrounding the U.S. elections. The latest reports show that firms like JPMorgan Chase have achieved record-breaking revenue, with a 21% increase in fourth-quarter revenue—bringing in an astonishing $7 billion. Similarly, Goldman Sachs reported its equities
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On Friday, the Federal Aviation Administration (FAA) announced a significant ruling regarding SpaceX’s Starship rocket program, effectively grounding the rocket after a recent midflight failure during testing. This decisive action highlights the FAA’s regulatory authority and the intricate balance between encouraging aerospace innovation and ensuring public safety. The grounding comes as the fallout from a
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The autonomous vehicle industry stands at a crucial crossroads, particularly for companies like Zoox, which is backed by Amazon. As 2023 progresses, Zoox aims to broaden its reach in the highly competitive and challenging world of robotaxis. However, the wider context reveals a landscape riddled with challenges, from sinking investments to shifting consumer attitudes toward
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