FT News Briefing Johnson’s plan to lift lockdown, McKinsey leadership vote, UK probes Big Tech
Feb 22, 2021
Boris Johnson is preparing to unveil a plan to ease England's lockdown, with schools set to reopen. HSBC is making bold moves in its pivot to Asia, shifting priorities amid changing global dynamics. McKinsey's senior partners are voting on whether to extend Kevin Sneader's leadership amid internal challenges. Meanwhile, the UK’s competition authority is gearing up for a crackdown on Big Tech companies, signaling a new era of regulatory scrutiny.
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Tech Market Competition
- Competition in tech markets has changed.
- Network effects and scale create strong positions, requiring intervention for a level playing field.
Merger Remedies
- The CMA is skeptical of long-term behavioral remedies in mergers.
- They prefer clear-cut solutions and have rejected similar remedies in past cases.
NVIDIA-ARM Merger Concerns
- The NVIDIA-ARM merger raises concerns due to concentrated markets and barriers to entry.
- Customer concerns and potential national security issues add complexity.