- The U.S. Federal Trade Commission is seeking to block Microsoft Corporation's (NASDAQ:MSFT) $69 billion acquisition of Activision Blizzard, Inc (NASDAQ:ATVI).
- FTC alleged that the deal — Microsoft's largest ever and the largest in the video gaming industry — would enable the Satya Nadella-led company to "suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business."
- The U.S. Securities Exchange Commission is cautioning publicly traded firms that if they have been affected by the recent FTX-led (FTT/USD) disruptions in the industry, they need to inform their investors.
- The Division of Corporation Finance informed U.S. public companies on Thursday that there has been a considerable disruption in the cryptocurrency asset market due to "recent bankruptcies and financial distress among crypto asset market participants."
- Workers at an Ohio battery plant co-owned by General Motors Co (NYSE:GM) voted 710-to-16 in favor of joining the United Auto Workers (UAW).
- The Ultium Cells LLC plant is a joint venture between GM and LG Energy Solution Ltd that started operations in August and employs around 900 people.
- Apple Inc's (NASDAQ:AAPL) new VR headset will bring an innovative Headset Cooling System exclusively designed to make wearing the devices comfortable for longer durations.
- The U.S. Patent & Trademark Office published a new patent application from Apple titled "Noise Mitigation for Head-Mounted Device." The design is said to provide users with a quiet cooling system to make it comfortable while wearing it over extended periods.
- Japanese billionaire Yusaku Maezawa, who earlier said he would make a "big announcement" on Dec. 9, revealed that K-pop star TOP and DJ Steve Aoki would be among the eight crew members that he plans to take on a trip around the Moon on one of Elon Musk's SpaceX's rocket.
- Maezawa made the announcement on Twitter and a website for what he dubbed the 'Dear Moon' Project after he bought every seat on SpaceX's maiden lunar voyage.
- Elon Musk said Twitter would get "much better" even as a "general amnesty" for suspended accounts began.
- Musk said the platform would only improve while replying to a user who thanked him for restoring the suspended account.
- It was earlier reported that Musk's '" general amnesty" could bring back about 62,000 suspended Twitter accounts.
- United Airlines Holdings Inc (NASDAQ:UAL) plans to order Boeing Co's (NYSE:BA) 787 Dreamliner next week, although the number of 787s United may order is unclear.
- Boeing resumed 787 deliveries in late August. The program is producing at a low rate with an expected gradual return to five per month over time.
- United had 64 Dreamliners at the end of September and will have 68 by the end of 2022.
- Volkswagen AG (OTC:VWAGY) said it is deferring its location selection for the eastern Europe gigafactory for electric car batteries beyond 2022.
- The auto major took the decision after considering the volatile economic environment. The Czech Republic was considered for the plant, along with Hungary, Poland, and Slovakia.
Wall Street Journal
- Leading Apple Inc (NASDAQ:AAPL) iPhone assembler Hon Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, was instrumental in persuading China to ease its Covid-19 policies.
- Foxconn founder Terry Gou's letter to Chinese leaders warned against its strict Covid controls costing China's leadership in global supply chains.
- Mercedes Benz Group ADR (OTC:MBGYY) has reportedly agreed with the Thailand government to import its battery-powered cars.
- The move is part of Thailand's plan to boost its image as a green auto hub.
- Mercedes, in turn, will receive benefits like lower import duties and excise taxes for each fully electric car imported by its Thailand unit through 2023.
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