TECHNOLOGY

Outgoing EU competition chief Margrethe Vestager scored a major victory on Tuesday after the European Court of Justice (ECJ) ruled against Apple in the decade-long battle over the tech giant's "sweetheart" tax affairs in Ireland. 

"Today is a big win for European citizens and for tax justice. The Court of Justice confirms that Ireland granted Apple unlawful aid which Ireland now has to recover, and the Commission's decision in the Google Shopping antitrust (more…)

Apple will host a launch event, "It's Glowtime," at 10 am PT / 1 pm ET.

The world's most valuable company, led by Tim Cook, is expected to debut new devices, including iPhone 16 models, smartwatches, and headphones, and reveal even more details about artificial intelligence software upgrades available on the latest devices. 

Goldman analysts, led by Michael Ng and Katherine Campagna, told clients what to anticipate before the major launch event. They begin by (more…)

Authored by Matt Stoler via TheBIGNewsletter.com,

In the late 1930s, it appeared as if Antitrust Division chief Thurman Arnold had tamed the business world, having filed so many antitrust suits with such effectiveness that there was no longer any resistance. In his first year, Arnold filed 1,375 complaints in 213 cases in 40 different industries, from cars to housing to milk to movies. When enforcers merely launched an investigation, prices dropped by 18-33 percent because businessmen wanted (more…)