FT News Briefing EU pushes back on ‘too big to care’ tech companies
Sep 7, 2023
The podcast dives into the surging corporate bond market as companies rush to issue debt amidst economic shifts. Listeners will learn about the EU's new regulations targeting Big Tech, mandating data sharing to enhance competition. The conversation also highlights the recent spike in uranium prices, spurred by geopolitical tensions. Lastly, it tackles Europe's severe water crisis, linking it to climate change, and discusses the implications for agriculture and the urgent need for effective water management.
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EU's Digital Markets Act
- The EU's Digital Markets Act targets services of six major tech companies, including Apple and Google.
- These companies must share data with rivals and improve interoperability, fostering competition.
Tech Companies' Counterintuitive Argument
- Tech companies argue against the new regulations, claiming some services are "too small" to be included.
- Microsoft, for example, argues Bing is too small, even though it would link back to the larger Google.
Uranium Investment Surge
- The price of uranium has doubled in three years due to rising investor interest.
- Retail investors are buying uranium holdings or investing in mining companies like Cameco.