Morning Brew Daily EU Puts Big Tech in Hot Seat & NBA Champs For Sale?
Jul 2, 2024
Dive into the EU's latest clash with Big Tech, targeting giants like Meta and Apple for competition stifling. Meanwhile, the Boston Celtics may be up for sale, raising eyebrows after their recent championship. Explore the FTC's scrutiny of pharmaceutical companies and their 'junk' patents that hinder generic drugs. Roaring Kitty makes waves with his investment in Chewy.com. Lastly, discover the rise of 'romantasy' novels, fueled by social media, alongside the economic tensions affecting U.S.-China trade.
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Supreme Court's Impact
- The Supreme Court's conservative supermajority has significantly impacted the American political and business landscape.
- This influence is evident in decisions favoring presidential immunity and private sector interests.
EU vs. Big Tech
- The EU is actively regulating American tech giants, accusing Meta of violating the Digital Markets Act (DMA).
- This follows similar action against Apple, highlighting the EU's focus on data protection and market competition.
Celtics Sale
- The Boston Celtics, purchased for $360 million in 2002, are now expected to sell for $5 billion.
- This potential sale highlights the increasing value of NBA franchises, driven by a new media rights deal.
