FT News Briefing Wednesday, April 17
Apr 17, 2019
Apple and Qualcomm end their long-standing litigation with a peace deal, bringing relief to both tech giants. Netflix faces a subscriber outlook that fails to impress amidst fierce competition. Boeing struggles with investor backlash, raising questions about accountability. Meanwhile, BlackRock's CEO predicts a market 'melt-up' as the firm sees $65 billion in inflows. The shift in asset management strategies highlights a growing interest in alternative investments like private equity and hedge funds, adapting to changing market dynamics.
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Apple-Qualcomm Settlement
- Apple and Qualcomm ended their legal battles, including a $30 billion licensing case.
- Apple will resume royalty payments and signed a six-year license and chipset supply deal.
Netflix Subscriber Growth
- Netflix added over 9.5 million subscribers last quarter, exceeding expectations.
- However, they anticipate only 5 million new subscribers in Q2 2019 due to rising competition.
Boeing Boardroom Shakeup
- Boeing faces a potential boardroom shakeup after the 737 MAX crashes.
- Investors suggest replacing CEO Dennis Muilenburg as chairman and removing the audit committee head.