FT News Briefing Wednesday, July 24
Jul 24, 2019
Boris Johnson ascends as UK Prime Minister, marking a significant political shift. The US Department of Justice dives into Big Tech's market dominance, stirring debates on competition. Meanwhile, officials gear up for trade talks with China to boost relations. Snap surprises with higher revenue and user growth, while WeWork hints at a public listing by September. A whirlwind of political and economic updates that shape the landscape!
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New UK Prime Minister
- Boris Johnson won the Conservative party leadership race, becoming the UK's next prime minister.
- He emphasized delivering Brexit, uniting the country, and defeating Jeremy Corbyn.
Big Tech Investigation
- The US Department of Justice is investigating major tech platforms' potential harm to consumers.
- The investigation will focus on whether these companies stifle innovation and reduce competition.
US-China Trade Talks
- US and Chinese officials will meet to discuss trade.
- They aim to return to the progress made in May before talks collapsed.