FT News Briefing Apple search, LVMH and Tiffany talk, social media testimony
Oct 28, 2020
Kieran Stacey, FT's Washington correspondent specializing in tech policy, dives into Apple’s ambitious plans to develop its own search technology as a challenge to Google. He discusses LVMH's negotiations over its acquisition of Tiffany, amid international legal controversies. Stacey also analyzes the upcoming Senate testimonies by tech CEOs regarding Section 230, spotlighting the heated partisan debates on social media regulation ahead of the presidential election. Misinformation in political ads remains a critical issue, complicating the social media landscape.
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Apple's Search Ambitions
- Apple is developing its own search technology, potentially challenging Google's dominance.
- This development is relevant to the DOJ's antitrust lawsuit against Google.
Brexit Bill in Peril
- Boris Johnson's UK internal market bill faces potential blockage in the House of Lords.
- Joe Biden's opposition adds pressure, threatening a potential US-UK trade deal.
LVMH-Tiffany Renegotiation
- LVMH and Tiffany are renegotiating the takeover deal after LVMH argued for a lower valuation.
- Tiffany is open to a lower price, but only above $130 a share.