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U.K. Authority Closes Competition Probes Into Google, Apple App Stores
The U.K.’s antitrust authority closed investigations into Google’s Play Store and Apple’s App Store as it prepares for the rollout of new rules that give the watchdog greater powers to boost competition in digital markets.
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Ford Shrinks Its EV Rollout Plans as Demand Lags
The automaker expects to take $1.9 billion in related special charges and write-downs as automakers continue adjusting their EV plans because of softer-than-expected demand.
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Disney Names Board Member Gorman to Lead Committee Tasked With Finding Iger’s Successor
Disney is on the clock to find its next CEO as Iger’s contract runs to 2026, when he has promised to step down.
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TD Bank Sets Aside $2.6 Billion for Possible U.S. Anti-Money Laundering Penalties
The Wall Street Journal previously reported that the Justice Department’s investigation into the bank was focused on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.
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Edgar Bronfman Raises Offer for National Amusements, Paramount Stake to $6 Billion
The bid gives non-Redstone and nonvoting Paramount shareholders an option to sell shares at a premium.