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July 21, 2021
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After six months and much speculation, the White House
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
has finally nominated someone
</a>
to lead the antitrust division at the Justice Department: Jonathan Kanter, the former Paul Weiss lawyer and longtime critic of Big Tech.
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If confirmed by the Senate, which could take awhile, Kanter will lead the division that filed a lawsuit last year
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
against Google
</a>
, accusing it of illegally protecting its monopoly over search advertising. The division has also been asking questions about Apple’s business practices.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Kanter built an unusual practice out of criticizing tech giants from inside corporate law firms.
</span>
He worked for Microsoft as a lawyer at Fried Frank and Cadwalader, helping the tech giant build its case against Google more than a decade ago. Kanter later worked for Yelp doing the same. His other clients in cases challenging Big Tech have included the likes of News Corp and Spotify.
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Kanter’s nomination will please progressives who want to rein in corporate power.
</span>
A slogan
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
some adopted
</a>
after President Biden took office was “Wu & Khan & Kanter.” (Here it is
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
on a mug
</a>
.) This refers to a trio of Big Tech critics that includes
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Tim Wu
</a>
, now part of Biden’s National Economic Council, and
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Lina Khan
</a>
, who now heads the F.T.C. Kanter’s nomination also comes shortly after House lawmakers
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
advanced a suite of antitrust bills
</a>
taking aim at Big Tech and Biden
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
issued an executive order
</a>
charging federal agencies with more closely scrutinizing corporate consolidation and monopoly practices.
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Kanter’s past work could raise ethical questions.
</span>
Both Facebook and Amazon have asked Khan to recuse herself from matters involving the companies at the F.T.C., even though her background is as a legal scholar and not a paid representative for their rivals. (Disqualifying a commissioner
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
isn’t easy
</a>
.) Asked whether Kanter would recuse himself from cases involving Google and Apple, a White House official simply said the administration was confident that it could move forward with his nomination given his expertise and record. Google did not respond to a request for comment.
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He has support on both sides of the aisle,
</span>
reflecting bipartisan opposition to Big Tech these days. Amy Klobuchar, a Minnesota Democrat who leads the Senate’s antitrust subcommittee, called Kanter “an excellent choice.” Senator Mike Lee, a conservative Republican from Utah, said he was “encouraged” by Kanter’s track record.
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
But Wall Street may not be as happy with the pick,
</span>
given a rumored name for the Justice Department post, Sullivan & Cromwell’s Renata Hesse, was seen as friendlier to big companies. M.&.A is at
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
record levels
</a>
, but scrutiny in Washington on acquisitions has expanded beyond tech to other industries like agriculture, health care and
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
insurance
</a>
. If Kanter is confirmed as the Justice Department’s top trustbuster, will dealmakers curb their enthusiasm?
</p>
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<h3 class="css-132hdgt e8bxl341" style="color:#000;font:700 16px/24px arial,sans-serif;margin:8px 0 25px 0;letter-spacing:.2px">
HERE’S WHAT’S HAPPENING
</h3>
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Markets are set to maintain their recovery.
</span>
Stock futures are up strongly this morning after
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
yesterday’s big jump
</a>
. That suggests investors are taking solace in vaccinations keeping the economic recovery going, treating
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Monday’s rout
</a>
as a buying opportunity.
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Tom Barrack, the financier and Trump ally, is arrested.
</span>
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Prosecutors charged
</a>
the founder of Colony Capital, who led Donald Trump’s inaugural committee, with publicly promoting the United Arab Emirates’ agenda without registering as a lobbyist. Over three years, Barrack raised $1.5 billion in funds from the U.A.E. and Saudi Arabia for Colony.
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Netflix’s hold on the streaming crown is slipping.
</span>
The company
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
lost nearly a half-million subscribers
</a>
in the U.S. and Canada in the second quarter, though it added 1.5 million customers overall. Data shows that customers are steadily
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
shifting their attention
</a>
to rivals like Disney+.
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Apple and Morgan Stanley diverge on return-to-office plans.
</span>
The iPhone maker
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
delayed its official return
</a>
by at least a month, to October, citing a surge in coronavirus infections. But Morgan Stanley’s chief legal officer
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
urged the firm’s outside law firms
</a>
to bring their workers back to the office. Meanwhile, Hollywood studios can require
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
mandatory vaccinations on set
</a>
through September, following a deal with unions.
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Wall Street wins an N.B.A. championship.
</span>
The Milwaukee Bucks defeated the Phoenix Suns in Game 6 of the league’s finals, earning
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
their first championship in 50 years
</a>
. It’s a major victory for the finals M.V.P. Giannis Antetokounmpo — and for the financiers who own the Bucks, including Jamie Dinan of York Capital, Wes Edens of Fortress and Marc Lasry of Avenue Capital.
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Exclusive: Ken Frazier’s next act
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Ken Frazier stepped down as Merck’s C.E.O. last month, but he has kept busy since. He remains executive chairman of the pharmaceutical giant and is co-leading OneTen, a start-up that aims to create one million jobs for Black Americans. Now, DealBook is first to report, he’s adding another role: venture capitalist.
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Frazier will join General Catalyst as chairman of health assurance initiatives,
</span>
a new position in which he will focus on health care start-ups. It’s an area of focus for General Catalyst’s managing partner, Hemant Taneja, who recently spearheaded a
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
$600 million fund
</a>
.
</p>
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“I’ve encountered a lot of people who are working at what I would call an intersection between tech and life sciences. These people are, in my experience, very fluent in digital technology and data science, analytics, machine learning,” Frazier told DealBook. But what is needed is “people who understand empathy,” he said. “We need people who have both data-led approaches as well as more human-centric approaches.”
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
He was brought onboard by his friend Ken Chenault
</span>
, who
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
joined General Catalyst
</a>
in 2018 as chairman after retiring as American Express’s C.E.O. The two first met at Harvard Law School and became
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
among the few
</a>
Black chief executives of Fortune 500 companies. The two Kens most recently pushed hundreds of corporate leaders to publicly
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
oppose states’ efforts to limit voting rights
</a>
.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
“As you can imagine, he had myriad choices about what he would do,” Chenault said of the other Ken. “Clearly our personal relationship was important, but that wouldn’t have been enough if Ken didn’t believe in the vision and what we’re trying to do in health care.”
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<td align="center" style="width:100%;padding:0;line-height:1;text-align:center" width="100%">
<img class="css-17i7zb3 e1aggfhi0" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2021%252F07%252F20%252Fscience%252F20bezos-live-wealth%252Fmerlin_191087919_ea98455c-7c03-4c28-988c-dde334853841-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1m6AEr:Xloac37rXLZg07CXKs8gcxrPgS7jqxPjPNjdoFOT33Q" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:15px;padding-bottom:0;line-height:0"/>
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<td align="center" style="text-align:center;width:100%;padding-top:6px;padding-bottom:20px;line-height:12px" width="100%">
<span class="css-14c9rv6 e1aggfhi2" style="width:83%;max-width:500px;display:inline-block;text-align:left">
<span class="css-2zlgwg e1aggfhi3" style="margin:0;font:normal 12px georgia,serif;color:#666">
Jeff Bezos, third from left, with fellow astronauts Oliver Daemen, Mark Bezos and Wally Funk during a news conference after the flight.
</span>
<span style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
Joe Raedle/Getty Images
</span>
</span>
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<h2 class="css-12n1aic el2acgh0" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
“I also want to thank every Amazon employee and every Amazon customer because you guys paid for all of this.”
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-style:italic;font-size:inherit">
— Jeff Bezos,
</span>
<span style="font-style:italic;font-size:inherit">
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
at a news conference
</a>
</span>
<span style="font-style:italic;font-size:inherit">
upon his return to Earth. (More on that below.) Also after his spaceflight, Bezos announced he was
</span>
<span style="font-style:italic;font-size:inherit">
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
giving $100 million each
</a>
</span>
<span style="font-style:italic;font-size:inherit">
to the CNN contributor Van Jones and the chef José Andrés to direct toward charity as part of a “surprise” philanthropic initiative.
</span>
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<tbody>
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<td style="width:100%;padding:0;line-height:1" width="100%">
<img class="css-1rg59gv e1e3sevz0" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2021%252F01%252F29%252Fbusiness%252Fdealbook-icon-percentage%252Fdealbook-icon-percentage-articleLarge-v11.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1m6AEr:Xloac37rXLZg07CXKs8gcxrPgS7jqxPjPNjdoFOT33Q" style="display:block;width:100%;height:auto;padding-bottom:25px;padding-top:10px"/>
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<h2 class="css-12n1aic el2acgh0" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
Is space tourism good for the environment?
</h2>
</td>
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</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Jeff Bezos, upon descending from
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
his trip to the edge of space
</a>
yesterday, reconfirmed his commitment to fighting climate change. “We have to build a road to space so that our kids and their kids can build a future,” he
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
told MSNBC
</a>
.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Bezos says space tourism is a first step toward moving people (and polluting industry) into space to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
avert an energy crisis
</a>
. His fellow billionaire space entrepreneurs, like
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Richard Branson
</a>
and Elon Musk, have also said their companies are an answer to climate change: Musk wants to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
colonize Mars
</a>
in case we ruin Earth.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Critics argue that space tourism will add to emissions rather than save the planet. But the industry is still low on the list of polluters.
</span>
</p>
</td>
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</tbody>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
The global space industry uses less than a tenth of a percent of propellant as the aviation industry uses fuel. What’s more, the amount used for rockets like those that carried Branson and Bezos to space is a tiny portion of that, said Martin Ross, a scientist at the Aerospace Corporation, a federally funded research and development center. In a
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
recent study
</a>
, Ross found that space tourism companies could launch as many as 10,000 suborbital flights per year before the effect of their emissions on the atmosphere would begin to approach that of orbital rockets.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
It is not yet understood exactly how rocket launches affect the planet.
</span>
The space industry is the only direct source of emissions into the stratosphere above 20 kilometers. Particles that rockets leave behind can absorb sunlight or reflect sunlight, potentially changing the climate of the stratosphere or affecting the ozone layer.
</p>
</td>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
“We know it’s not a problem now,” Ross said, “but we can’t predict how much of that up and down you can do before it does become a problem.”
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Aside from whether space tourism will contribute to climate change, there’s skepticism over space companies’ claims that they can help
<span style="font-style:italic;font-size:inherit">
answer
</span>
climate change. Some say Bezos’s vision for colonizing space
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
isn’t feasible
</a>
, and Bezos himself calls it a “
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
long-range problem.
</a>
” Billionaires going to space should
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
first consider climate disasters on Earth
</a>
, critics argue.
</p>
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<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
It’s not quite fair to say that Bezos has ignored these problems.
</span>
Although Amazon is a
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
major polluter
</a>
, it says it aims to go
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
carbon neutral by 2040
</a>
and Bezos has pledged $10 billion of his personal wealth to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
address climate change
</a>
. But it’s possible to spot a difference in methods: Are moonshots only for space?
</p>
</td>
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</tbody>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-style:italic;font-size:inherit">
What do you think? What role can space tourism play in climate change? Let us know:
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. Include your name and location and we may feature your response in a future newsletter.
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<h3 class="css-132hdgt e8bxl341" style="color:#000;font:700 16px/24px arial,sans-serif;margin:8px 0 25px 0;letter-spacing:.2px">
THE SPEED READ
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Deals
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<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
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<span style="font-size:17px;line-height:25px">
The cryptocurrency exchange FTX raised $900 million from investors like SoftBank and Sequoia Capital at an $18 billion valuation. (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
WSJ
</a>
)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
The mining giant BHP is reportedly weighing the sale of its oil and gas businesses at a valuation of at least $15 billion. (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Bloomberg
</a>
)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Nasdaq plans to spin out its platform for trading in shares of privately held start-ups, in a partnership with Citigroup, Goldman Sachs and Morgan Stanley. (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
FT
</a>
)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
The Indian food delivery company Swiggy raised $1.25 billion from investors led by SoftBank’s Vision Fund 2 and Prosus. (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
TechCrunch
</a>
)
</span>
</li>
</ul>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Policy
</span>
</p>
</td>
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</tbody>
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<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Fox News hosts are increasingly
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
urging Americans to get vaccinated
</a>
, but many Republican lawmakers
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
aren’t following suit
</a>
. (NYT)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Chinese suppliers to Apple and Nike are shunning workers from the Xinjiang region to avoid U.S. bans on products made with forced labor. (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
WSJ
</a>
)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Americans own nearly twice as much medical debt as previously thought, and the liabilities are largest where Medicaid wasn’t expanded. (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
NYT
</a>
)
</span>
</li>
</ul>
</td>
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</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<td style="padding:0 0 5px">
<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Washington has dropped its opposition to a natural-gas pipeline that runs from Russia to Germany. (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
WSJ
</a>
)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Dr. Anthony Fauci clashed with Senator Rand Paul over American funding of Wuhan’s virus research facility: “Senator Paul, you do not know what you’re talking about, quite frankly, and I want to say that officially.” (
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
WaPo
</a>
)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
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JPMorgan Chase gave Jamie Dimon 1.5 million reasons to stick around for several more years. (
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Carnival expects its cruises to reach 65 percent capacity by year’s end. (
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“An ‘Airbnb for Pools’ Is Making a Splash This Summer” (
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It isn’t just deals that are flourishing: The business of making “deal toys” that commemorate transactions is, too. (
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3 years, 11 months ago - nytdirect@nytimes.com
DealBook: A tough antitrust trio takes shape
Jonathan Kanter rounds out the administration's trustbusting team.View in browser|nytimes.comCont...