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EU to examine Illumina's $7.1 billion acquisition of Grail on antitrust grounds

2 Min Read
FILE PHOTO: The offices of gene sequencing company Illumina Inc are shown in San Diego, California January 11, 2016. REUTERS/Mike Blake
BRUSSELS (Reuters) - EU antitrust regulators will examine Illumina Inc’s proposed $7.1 billion acquisition of cancer test maker Grail Inc, the European Commission said on Tuesday, following a request from six countries on competition concerns.
U.S. life sciences company Illumina announced last September that it would acquire Grail - which it previously owned before spinning it off as a separate business four years ago - by buying out investors including Amazon.com Inc founder Jeff Bezos. Illumina had remained the company’s largest shareholder. ....

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Antitrust: Commission fines three EU railway companies €48 million for customer allocation cartel

Antitrust: Commission fines three EU railway companies €48 million for customer allocation cartel
europeansting.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from europeansting.com Daily Mail and Mail on Sunday newspapers.

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UAWire - Belarus on verge of economic collapse as foreign currency reserves dry out

UAWire
Friday, April 16, 2021 11:00:54 AM
The National Bank of Belarus continues to lose its gold and currency reserves as the value of Belarus ruble continues to fall. In April the Belarusian ruble broke the bottom reached during the summer protests and set a new historical low.
In the five quarters from January 2020 to April 2021, foreign currency reserves of Belarus decreased by 25% - from $9.2 billion to $6.9 billion.
Since the beginning of 2021, the reserves of the National Bank have lost $310 million due to the repayment of the external national debt and the fall in the price of gold.
By the end of the year, only $6 billion will remain in the Belarusian foreign currency reserves given the projected revenues and payments, National Bank Chairman Pavel Kallaur warned at a press conference on Thursday. ....

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Judge in Texas lawsuit against Google issues protective order

By Reuters Staff
2 Min Read
FILE PHOTO: The Google Inc. logo is seen outside their headquarters in Mountain View, California August 18, 2004. REUTERS/Clay McLachlan/File Photo
WASHINGTON (Reuters) - The judge hearing the Texas antitrust lawsuit against Alphabet Inc’s Google put limits on what the search giant’s in-house lawyers can see in an order aimed at ensuring that confidential information used in an upcoming trial remains secure.
The issue is a key one for companies that have not been identified but that gave information to the Texas attorney general’s office for its investigation and fear that their confidential data, like strategic business plans or discussions about negotiations, could be disclosed to Google executives. ....

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Daimler's Spanish unit can be liable for cartel damages, EU court adviser says

3 Min Read
BRUSSELS (Reuters) -Daimler’s Spanish unit can be liable for damages sought by companies affected by the German carmaker’s role in a truck cartel fined by EU antitrust regulators five years ago, an adviser to Europe’s top court said on Thursday.
FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo
Should the court follow the non-binding opinion in the coming months, it could pave the way for companies to sue subsidiaries of other cartel members and other illegal price-fixing groups.
The European Commission in 2016 handed out a then record 2.9 billion euro fine to the cartel which included Daimler, Swedish company Volvo, Iveco, which is part of Italian truck and tractor maker CNH Industrial, and DAF Trucks, owned by U.S. company Paccar. ....

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