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Analysis-In Apple versus Epic Games, courtroom battle is only half the fight

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2021-03-31

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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620000529,"share":"https://ttm.financial/m/news/2132971595?lang=en_US&edition=fundamental","pubTime":"2021-05-03 08:08","market":"us","language":"en","title":"Analysis-In Apple versus Epic Games, courtroom battle is only half the fight","url":"https://stock-news.laohu8.com/highlight/detail?id=2132971595","media":"Reuters","summary":"SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust ","content":"<p>SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of \"Fortnite\" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.</p>\n<p>But win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should be regulated.</p>\n<p>Apple has mostly succeeded in staying out of the regulatory crosshairs by arguing that the iPhone is a niche product in a smartphone world dominated by Google's Android operating system. But that argument has become harder to sustain with the number of iPhone users now exceeding 1 billion.</p>\n<p>Epic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power. Apple is abusing that power, Epic argues, by forcing developers to use Apple's in-app payment systems - which charge commissions of up to 30% - and to submit to app-review guidelines the gaming company says discriminate against products that compete with Apple's own.</p>\n<p>\"It's not a super-strong suit - I don't think they are likely to win,\" said Rebecca Haw Allensworth, a law professor at Vanderbilt Law School. \"But it has already achieved a lot of its purpose, which is drawing attention to some of Apple's practices that many developers see as abusive.\"</p>\n<p><b>UPHILL BATTLE</b></p>\n<p>Epic's arguments draw on major antitrust cases against Microsoft, Eastman Kodak and American <a href=\"https://laohu8.com/S/EXPR\">Express</a>, but apply those precedents in new ways that have not been tested in U.S. courts, legal experts said.</p>\n<p>For example, in arguing that iPhones are a software market unto themselves, Epic relies partly on a 1992 U.S. Supreme Court decision that rejected efforts by Kodak to force owners of its copying machines to use Kodak repair services.</p>\n<p>Spencer Waller, a competition law professor at the Loyola University Chicago School of Law, said the Kodak decision has had mixed success in subsequent cases.</p>\n<p>\"Plaintiffs are often unsuccessful because courts read Kodak narrowly at times,” Waller said.</p>\n<p>Epic also faces hurdles in its contention that Apple's in-app payment commissions are too high at 30% and could be as much as 10 times lower if market forces prevailed. American courts have been reluctant to dive into setting specific rates, in large part because unlike Europe, the prevailing interpretation of U.S. antitrust law does not consider a dominant firm charging high prices to be anticompetitive in itself.</p>\n<p>Apple argues that whatever dominant position it may have in mobile software is an outgrowth of its creation of both the iPhone and a curated App Store that makes consumer comfortable.</p>\n<p>\"If you obtained a monopoly legitimately, you're allowed to charge high prices,\" said Randal Picker, a professor at the University of Chicago Law School.</p>\n<p>Regardless of who wins at the trial expected to last three weeks before Judge Yvonne Gonzalez Rogers in Oakland, California, the case is all-but-certain to be appealed to the U.S. Ninth Circuit Court of Appeals, which last year reinforced the notion that dominant firms can charge high prices in a case involving Qualcomm Inc.</p>\n<p>\"Anticompetitive behavior is illegal under federal antitrust law. Hypercompetitive behavior is not,\" Circuit Judge Consuelo Callahan wrote in the court's opinion.</p>\n<p>A federal antitrust official, speaking anonymously because the official was not authorized to speak to the media, said that an Epic loss would dim the chances of the government pursuing a similar lawsuit against Apple.</p>\n<p><b>BREWING ANTITRUST DEBATE</b></p>\n<p>Epic's suit has ramped up pressure on Apple in the court of public opinion at a time when the iPhone maker's business practices are facing fresh scrutiny around the world.</p>\n<p>The U.S. Department of Justice is probing the company's practices, Reuters has reported, and regulators in the United Kingdom and Australia have opened probes or called for regulation.</p>\n<p>European Union regulators last week accused Apple of distorting competition in the music streaming market, siding with Spotify Technology in the zone's first major anti-competition charge against Apple.</p>\n<p>Epic advertisements decrying Apple for taking such a big cut of revenue are landing aside those headlines.</p>\n<p>\"The public can understand these issues, and in many ways understand them better than these judges who have never played a game in their life,\" said Thomas Horton, a professor at the University of South Dakota School of Law.</p>\n<p>The biggest threat to Apple's App Store is not lawsuits, but rather new laws regulating digital platforms, said Joel Mitnick, a partner at Cadwalader, Wickersham &amp; Taft and a former U.S. Federal Trade Commission trial lawyer.</p>\n<p>European lawmakers have already proposed legislation that could require Apple to allow developers to use their own payment systems, and consensus for new regulations is building in the United States as well.</p>\n<p>Mitnick noted that concern about the power of big tech companies was bipartisan.</p>\n<p>“If it were me, I would be looking at ways in which I could influence what might be inevitable changes to the rules under which (Apple) are going to operate,” he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analysis-In Apple versus Epic Games, courtroom battle is only half the fight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalysis-In Apple versus Epic Games, courtroom battle is only half the fight\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-03 08:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of \"Fortnite\" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.</p>\n<p>But win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should be regulated.</p>\n<p>Apple has mostly succeeded in staying out of the regulatory crosshairs by arguing that the iPhone is a niche product in a smartphone world dominated by Google's Android operating system. But that argument has become harder to sustain with the number of iPhone users now exceeding 1 billion.</p>\n<p>Epic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power. Apple is abusing that power, Epic argues, by forcing developers to use Apple's in-app payment systems - which charge commissions of up to 30% - and to submit to app-review guidelines the gaming company says discriminate against products that compete with Apple's own.</p>\n<p>\"It's not a super-strong suit - I don't think they are likely to win,\" said Rebecca Haw Allensworth, a law professor at Vanderbilt Law School. \"But it has already achieved a lot of its purpose, which is drawing attention to some of Apple's practices that many developers see as abusive.\"</p>\n<p><b>UPHILL BATTLE</b></p>\n<p>Epic's arguments draw on major antitrust cases against Microsoft, Eastman Kodak and American <a href=\"https://laohu8.com/S/EXPR\">Express</a>, but apply those precedents in new ways that have not been tested in U.S. courts, legal experts said.</p>\n<p>For example, in arguing that iPhones are a software market unto themselves, Epic relies partly on a 1992 U.S. Supreme Court decision that rejected efforts by Kodak to force owners of its copying machines to use Kodak repair services.</p>\n<p>Spencer Waller, a competition law professor at the Loyola University Chicago School of Law, said the Kodak decision has had mixed success in subsequent cases.</p>\n<p>\"Plaintiffs are often unsuccessful because courts read Kodak narrowly at times,” Waller said.</p>\n<p>Epic also faces hurdles in its contention that Apple's in-app payment commissions are too high at 30% and could be as much as 10 times lower if market forces prevailed. American courts have been reluctant to dive into setting specific rates, in large part because unlike Europe, the prevailing interpretation of U.S. antitrust law does not consider a dominant firm charging high prices to be anticompetitive in itself.</p>\n<p>Apple argues that whatever dominant position it may have in mobile software is an outgrowth of its creation of both the iPhone and a curated App Store that makes consumer comfortable.</p>\n<p>\"If you obtained a monopoly legitimately, you're allowed to charge high prices,\" said Randal Picker, a professor at the University of Chicago Law School.</p>\n<p>Regardless of who wins at the trial expected to last three weeks before Judge Yvonne Gonzalez Rogers in Oakland, California, the case is all-but-certain to be appealed to the U.S. Ninth Circuit Court of Appeals, which last year reinforced the notion that dominant firms can charge high prices in a case involving Qualcomm Inc.</p>\n<p>\"Anticompetitive behavior is illegal under federal antitrust law. Hypercompetitive behavior is not,\" Circuit Judge Consuelo Callahan wrote in the court's opinion.</p>\n<p>A federal antitrust official, speaking anonymously because the official was not authorized to speak to the media, said that an Epic loss would dim the chances of the government pursuing a similar lawsuit against Apple.</p>\n<p><b>BREWING ANTITRUST DEBATE</b></p>\n<p>Epic's suit has ramped up pressure on Apple in the court of public opinion at a time when the iPhone maker's business practices are facing fresh scrutiny around the world.</p>\n<p>The U.S. Department of Justice is probing the company's practices, Reuters has reported, and regulators in the United Kingdom and Australia have opened probes or called for regulation.</p>\n<p>European Union regulators last week accused Apple of distorting competition in the music streaming market, siding with Spotify Technology in the zone's first major anti-competition charge against Apple.</p>\n<p>Epic advertisements decrying Apple for taking such a big cut of revenue are landing aside those headlines.</p>\n<p>\"The public can understand these issues, and in many ways understand them better than these judges who have never played a game in their life,\" said Thomas Horton, a professor at the University of South Dakota School of Law.</p>\n<p>The biggest threat to Apple's App Store is not lawsuits, but rather new laws regulating digital platforms, said Joel Mitnick, a partner at Cadwalader, Wickersham &amp; Taft and a former U.S. Federal Trade Commission trial lawyer.</p>\n<p>European lawmakers have already proposed legislation that could require Apple to allow developers to use their own payment systems, and consensus for new regulations is building in the United States as well.</p>\n<p>Mitnick noted that concern about the power of big tech companies was bipartisan.</p>\n<p>“If it were me, I would be looking at ways in which I could influence what might be inevitable changes to the rules under which (Apple) are going to operate,” he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","EPOR":"Epic Corp.","EPORP":"Epic Corp."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132971595","content_text":"SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of \"Fortnite\" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.\nBut win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should be regulated.\nApple has mostly succeeded in staying out of the regulatory crosshairs by arguing that the iPhone is a niche product in a smartphone world dominated by Google's Android operating system. But that argument has become harder to sustain with the number of iPhone users now exceeding 1 billion.\nEpic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power. Apple is abusing that power, Epic argues, by forcing developers to use Apple's in-app payment systems - which charge commissions of up to 30% - and to submit to app-review guidelines the gaming company says discriminate against products that compete with Apple's own.\n\"It's not a super-strong suit - I don't think they are likely to win,\" said Rebecca Haw Allensworth, a law professor at Vanderbilt Law School. \"But it has already achieved a lot of its purpose, which is drawing attention to some of Apple's practices that many developers see as abusive.\"\nUPHILL BATTLE\nEpic's arguments draw on major antitrust cases against Microsoft, Eastman Kodak and American Express, but apply those precedents in new ways that have not been tested in U.S. courts, legal experts said.\nFor example, in arguing that iPhones are a software market unto themselves, Epic relies partly on a 1992 U.S. Supreme Court decision that rejected efforts by Kodak to force owners of its copying machines to use Kodak repair services.\nSpencer Waller, a competition law professor at the Loyola University Chicago School of Law, said the Kodak decision has had mixed success in subsequent cases.\n\"Plaintiffs are often unsuccessful because courts read Kodak narrowly at times,” Waller said.\nEpic also faces hurdles in its contention that Apple's in-app payment commissions are too high at 30% and could be as much as 10 times lower if market forces prevailed. American courts have been reluctant to dive into setting specific rates, in large part because unlike Europe, the prevailing interpretation of U.S. antitrust law does not consider a dominant firm charging high prices to be anticompetitive in itself.\nApple argues that whatever dominant position it may have in mobile software is an outgrowth of its creation of both the iPhone and a curated App Store that makes consumer comfortable.\n\"If you obtained a monopoly legitimately, you're allowed to charge high prices,\" said Randal Picker, a professor at the University of Chicago Law School.\nRegardless of who wins at the trial expected to last three weeks before Judge Yvonne Gonzalez Rogers in Oakland, California, the case is all-but-certain to be appealed to the U.S. Ninth Circuit Court of Appeals, which last year reinforced the notion that dominant firms can charge high prices in a case involving Qualcomm Inc.\n\"Anticompetitive behavior is illegal under federal antitrust law. Hypercompetitive behavior is not,\" Circuit Judge Consuelo Callahan wrote in the court's opinion.\nA federal antitrust official, speaking anonymously because the official was not authorized to speak to the media, said that an Epic loss would dim the chances of the government pursuing a similar lawsuit against Apple.\nBREWING ANTITRUST DEBATE\nEpic's suit has ramped up pressure on Apple in the court of public opinion at a time when the iPhone maker's business practices are facing fresh scrutiny around the world.\nThe U.S. Department of Justice is probing the company's practices, Reuters has reported, and regulators in the United Kingdom and Australia have opened probes or called for regulation.\nEuropean Union regulators last week accused Apple of distorting competition in the music streaming market, siding with Spotify Technology in the zone's first major anti-competition charge against Apple.\nEpic advertisements decrying Apple for taking such a big cut of revenue are landing aside those headlines.\n\"The public can understand these issues, and in many ways understand them better than these judges who have never played a game in their life,\" said Thomas Horton, a professor at the University of South Dakota School of Law.\nThe biggest threat to Apple's App Store is not lawsuits, but rather new laws regulating digital platforms, said Joel Mitnick, a partner at Cadwalader, Wickersham & Taft and a former U.S. Federal Trade Commission trial lawyer.\nEuropean lawmakers have already proposed legislation that could require Apple to allow developers to use their own payment systems, and consensus for new regulations is building in the United States as well.\nMitnick noted that concern about the power of big tech companies was bipartisan.\n“If it were me, I would be looking at ways in which I could influence what might be inevitable changes to the rules under which (Apple) are going to operate,” he said.","news_type":1,"symbols_score_info":{"EPOR":0.9,"EPORP":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346761558,"gmtCreate":1618114511074,"gmtModify":1704706737807,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564960708604710","authorIdStr":"3564960708604710"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346761558","repostId":"2126320190","repostType":2,"isVote":1,"tweetType":1,"viewCount":1447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346961201,"gmtCreate":1617980818803,"gmtModify":1704705653765,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564960708604710","authorIdStr":"3564960708604710"},"themes":[],"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346961201","repostId":"1121480052","repostType":2,"isVote":1,"tweetType":1,"viewCount":1431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343979277,"gmtCreate":1617672560499,"gmtModify":1704701610613,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564960708604710","authorIdStr":"3564960708604710"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343979277","repostId":"2125779764","repostType":2,"repost":{"id":"2125779764","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617659955,"share":"https://ttm.financial/m/news/2125779764?lang=en_US&edition=fundamental","pubTime":"2021-04-06 05:59","market":"us","language":"en","title":"UPDATE 1-Novavax starts allowing participants on placebo to get COVID-19 vaccine in trials","url":"https://stock-news.laohu8.com/highlight/detail?id=2125779764","media":"Reuters","summary":"(Adds details on the program, background)   April 5 (Reuters) - Novavax Inc    said on Monday partic","content":"<html><body><p>(Adds details on the program, background)</p><p>   April 5 (Reuters) - Novavax Inc    said on Monday participants in its ongoing COVID-19 vaccine trials in South Africa and the UK can now receive additional shots, ensuring those who received a placebo can also get the active vaccine.</p><p>   Allowing volunteers to crossover to the active vaccine offers them an incentive to continue in the trials even when other authorized vaccines are available. </p><p>   The company said it planned to cross over participants in its ongoing large, late-stage study in the United States and Mexico, for which the company plans to read out initial clinical data during the second quarter.</p><p>   If authorized for emergency use in the United States, Novavax's two-shot vaccine would help ramp up ongoing vaccination efforts in the country with currently authorized vaccines from Pfizer/BioNTech    , Moderna Inc</p><p>  and Johnson &amp; Johnson   .</p><p>   As part of the updated trial design, all participants of the trials in the UK and the U.S. will be offered the chance to receive an additional round of shots, the company said. </p><p>   Participants who opt to do so will receive two additional doses of either vaccine for those who initially received placebo, or placebo for those who first got vaccine. </p><p>   All participants will continue to be \"blinded\" or not know  if they got the experimental vaccine or a placebo.</p><p> (Reporting by Manojna Maddipatla in Bengaluru)</p><p>((manojna.kalyani@thomsonreuters.com; +91  8061822700;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-Novavax starts allowing participants on placebo to get COVID-19 vaccine in trials</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-Novavax starts allowing participants on placebo to get COVID-19 vaccine in trials\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-06 05:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds details on the program, background)</p><p>   April 5 (Reuters) - Novavax Inc    said on Monday participants in its ongoing COVID-19 vaccine trials in South Africa and the UK can now receive additional shots, ensuring those who received a placebo can also get the active vaccine.</p><p>   Allowing volunteers to crossover to the active vaccine offers them an incentive to continue in the trials even when other authorized vaccines are available. </p><p>   The company said it planned to cross over participants in its ongoing large, late-stage study in the United States and Mexico, for which the company plans to read out initial clinical data during the second quarter.</p><p>   If authorized for emergency use in the United States, Novavax's two-shot vaccine would help ramp up ongoing vaccination efforts in the country with currently authorized vaccines from Pfizer/BioNTech    , Moderna Inc</p><p>  and Johnson &amp; Johnson   .</p><p>   As part of the updated trial design, all participants of the trials in the UK and the U.S. will be offered the chance to receive an additional round of shots, the company said. </p><p>   Participants who opt to do so will receive two additional doses of either vaccine for those who initially received placebo, or placebo for those who first got vaccine. </p><p>   All participants will continue to be \"blinded\" or not know  if they got the experimental vaccine or a placebo.</p><p> (Reporting by Manojna Maddipatla in Bengaluru)</p><p>((manojna.kalyani@thomsonreuters.com; +91  8061822700;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","PFE":"辉瑞","JNJ":"强生"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125779764","content_text":"(Adds details on the program, background)   April 5 (Reuters) - Novavax Inc    said on Monday participants in its ongoing COVID-19 vaccine trials in South Africa and the UK can now receive additional shots, ensuring those who received a placebo can also get the active vaccine.   Allowing volunteers to crossover to the active vaccine offers them an incentive to continue in the trials even when other authorized vaccines are available.    The company said it planned to cross over participants in its ongoing large, late-stage study in the United States and Mexico, for which the company plans to read out initial clinical data during the second quarter.   If authorized for emergency use in the United States, Novavax's two-shot vaccine would help ramp up ongoing vaccination efforts in the country with currently authorized vaccines from Pfizer/BioNTech    , Moderna Inc  and Johnson & Johnson   .   As part of the updated trial design, all participants of the trials in the UK and the U.S. will be offered the chance to receive an additional round of shots, the company said.    Participants who opt to do so will receive two additional doses of either vaccine for those who initially received placebo, or placebo for those who first got vaccine.    All participants will continue to be \"blinded\" or not know  if they got the experimental vaccine or a placebo. (Reporting by Manojna Maddipatla in Bengaluru)((manojna.kalyani@thomsonreuters.com; +91  8061822700;))","news_type":1,"symbols_score_info":{"JNJ":0.9,"MRNA":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343930980,"gmtCreate":1617668389540,"gmtModify":1704701511134,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564960708604710","authorIdStr":"3564960708604710"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343930980","repostId":"2125762128","repostType":2,"repost":{"id":"2125762128","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617666913,"share":"https://ttm.financial/m/news/2125762128?lang=en_US&edition=fundamental","pubTime":"2021-04-06 07:55","market":"us","language":"en","title":"Asia shares set to rise after S&P 500, Dow hit records on strong economic data","url":"https://stock-news.laohu8.com/highlight/detail?id=2125762128","media":"Reuters","summary":"April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes s","content":"<p>April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&amp;P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.</p>\n<p>Investor sentiment was buoyed by a survey from the Institute for Supply Management <a href=\"https://laohu8.com/S/ISM\">$(ISM)$</a> on Monday showing activity in the U.S. services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month.</p>\n<p>\"The jobs report set the stage for what we're seeing today,\" said Thomas Hayes, chairman of Great Hill Capital LLC in New York. \"It's not only that the report crushed expectations but it showed that wage inflation was subdued as people compete for labor.\"</p>\n<p>Australian S&amp;P/ASX 200 futures rose 0.34% in early trading, while Hong Kong's Hang Seng index futures&nbsp;rose 0.40%.</p>\n<p>The S&amp;P 500 and the Dow - the benchmark Wall Street indexes - have rallied in recent sessions as widespread vaccinations and an unprecedented government stimulus boosted investor confidence in an economic rebound and spurred demand for sectors, including energy , financials and materials , which are primed to benefit from economic reopening.</p>\n<p>On Monday, gains were led by sectors that have underperformed recently, including communication services, consumer discretionary and technology, as the 10-year U.S. Treasury yield remained below a 14-month high hit last week.</p>\n<p>\"The rate of change with the 10-year yield has slowed and that has created a runway for some of the left behind sectors in recent weeks like tech and other yield sensitive areas like utilities,\" Hayes said.</p>\n<p>On Wall Street, Dow Jones Industrial Average rose 1.13% to a record high of 33,527.19, the S&amp;P 500 gained 1.44% to a record 4,077.91 and the Nasdaq Composite added 1.67%, to 13,705.59.</p>\n<p>U.S. Treasury yields edged lower on Monday, as investors paused recent selling of government bonds and took profit from short positions, though the uptrend in rates remained intact following Friday's blockbuster jobs report.</p>\n<p>Benchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday. The yield curve steepened on Monday after flattening the previous session as the spread between U.S. 2-year and 10-year yields rose to 154 basis points .</p>\n<p>Gold prices edged lower as the safe-harbour metal's luster was dimmed by rising global equity prices.</p>\n<p>Spot gold declined 0.1% to $1,727.98 an ounce. U.S. gold futures settled little changed at $1,728.80.</p>\n<p>Oil prices fell as increasing OPEC+ supply and rising Iranian output, along with the threat of a new wave of COVID-19 infections, offset hopes for a demand rebound driven by economic revival.</p>\n<p>U.S. crude settled at $58.65 per barrel, down 4.6% on the day, while Brent shed 4.18% to end at $62.15 per barrel.</p>\n<p>(Reporting by Chibuike Oguh in New York; Editing by Christopher Cushing)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares set to rise after S&P 500, Dow hit records on strong economic data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares set to rise after S&P 500, Dow hit records on strong economic data\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-06 07:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&amp;P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.</p>\n<p>Investor sentiment was buoyed by a survey from the Institute for Supply Management <a href=\"https://laohu8.com/S/ISM\">$(ISM)$</a> on Monday showing activity in the U.S. services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month.</p>\n<p>\"The jobs report set the stage for what we're seeing today,\" said Thomas Hayes, chairman of Great Hill Capital LLC in New York. \"It's not only that the report crushed expectations but it showed that wage inflation was subdued as people compete for labor.\"</p>\n<p>Australian S&amp;P/ASX 200 futures rose 0.34% in early trading, while Hong Kong's Hang Seng index futures&nbsp;rose 0.40%.</p>\n<p>The S&amp;P 500 and the Dow - the benchmark Wall Street indexes - have rallied in recent sessions as widespread vaccinations and an unprecedented government stimulus boosted investor confidence in an economic rebound and spurred demand for sectors, including energy , financials and materials , which are primed to benefit from economic reopening.</p>\n<p>On Monday, gains were led by sectors that have underperformed recently, including communication services, consumer discretionary and technology, as the 10-year U.S. Treasury yield remained below a 14-month high hit last week.</p>\n<p>\"The rate of change with the 10-year yield has slowed and that has created a runway for some of the left behind sectors in recent weeks like tech and other yield sensitive areas like utilities,\" Hayes said.</p>\n<p>On Wall Street, Dow Jones Industrial Average rose 1.13% to a record high of 33,527.19, the S&amp;P 500 gained 1.44% to a record 4,077.91 and the Nasdaq Composite added 1.67%, to 13,705.59.</p>\n<p>U.S. Treasury yields edged lower on Monday, as investors paused recent selling of government bonds and took profit from short positions, though the uptrend in rates remained intact following Friday's blockbuster jobs report.</p>\n<p>Benchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday. The yield curve steepened on Monday after flattening the previous session as the spread between U.S. 2-year and 10-year yields rose to 154 basis points .</p>\n<p>Gold prices edged lower as the safe-harbour metal's luster was dimmed by rising global equity prices.</p>\n<p>Spot gold declined 0.1% to $1,727.98 an ounce. U.S. gold futures settled little changed at $1,728.80.</p>\n<p>Oil prices fell as increasing OPEC+ supply and rising Iranian output, along with the threat of a new wave of COVID-19 infections, offset hopes for a demand rebound driven by economic revival.</p>\n<p>U.S. crude settled at $58.65 per barrel, down 4.6% on the day, while Brent shed 4.18% to end at $62.15 per barrel.</p>\n<p>(Reporting by Chibuike Oguh in New York; Editing by Christopher Cushing)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares",".SPX":"S&P 500 Index","OEX":"标普100",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125762128","content_text":"April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.\nInvestor sentiment was buoyed by a survey from the Institute for Supply Management $(ISM)$ on Monday showing activity in the U.S. services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month.\n\"The jobs report set the stage for what we're seeing today,\" said Thomas Hayes, chairman of Great Hill Capital LLC in New York. \"It's not only that the report crushed expectations but it showed that wage inflation was subdued as people compete for labor.\"\nAustralian S&P/ASX 200 futures rose 0.34% in early trading, while Hong Kong's Hang Seng index futures rose 0.40%.\nThe S&P 500 and the Dow - the benchmark Wall Street indexes - have rallied in recent sessions as widespread vaccinations and an unprecedented government stimulus boosted investor confidence in an economic rebound and spurred demand for sectors, including energy , financials and materials , which are primed to benefit from economic reopening.\nOn Monday, gains were led by sectors that have underperformed recently, including communication services, consumer discretionary and technology, as the 10-year U.S. Treasury yield remained below a 14-month high hit last week.\n\"The rate of change with the 10-year yield has slowed and that has created a runway for some of the left behind sectors in recent weeks like tech and other yield sensitive areas like utilities,\" Hayes said.\nOn Wall Street, Dow Jones Industrial Average rose 1.13% to a record high of 33,527.19, the S&P 500 gained 1.44% to a record 4,077.91 and the Nasdaq Composite added 1.67%, to 13,705.59.\nU.S. Treasury yields edged lower on Monday, as investors paused recent selling of government bonds and took profit from short positions, though the uptrend in rates remained intact following Friday's blockbuster jobs report.\nBenchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday. The yield curve steepened on Monday after flattening the previous session as the spread between U.S. 2-year and 10-year yields rose to 154 basis points .\nGold prices edged lower as the safe-harbour metal's luster was dimmed by rising global equity prices.\nSpot gold declined 0.1% to $1,727.98 an ounce. U.S. gold futures settled little changed at $1,728.80.\nOil prices fell as increasing OPEC+ supply and rising Iranian output, along with the threat of a new wave of COVID-19 infections, offset hopes for a demand rebound driven by economic revival.\nU.S. crude settled at $58.65 per barrel, down 4.6% on the day, while Brent shed 4.18% to end at $62.15 per barrel.\n(Reporting by Chibuike Oguh in New York; Editing by Christopher Cushing)","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"UPRO":0.9,"IVV":0.9,"SPY":0.9,"SPXU":0.9,"OEX":0.9,"MGCmain":0.9,"CLmain":0.9,".DJI":0.9,"EURmain":0.9,".SPX":0.9,"SH":0.9,"GBPmain":0.9,"GCmain":0.9,"ESmain":0.9,"SSO":0.9,"OEF":0.9,"JPYmain":0.9,"QMmain":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354405547,"gmtCreate":1617193764189,"gmtModify":1704697040643,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564960708604710","authorIdStr":"3564960708604710"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354405547","repostId":"2123225762","repostType":2,"repost":{"id":"2123225762","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617183646,"share":"https://ttm.financial/m/news/2123225762?lang=en_US&edition=fundamental","pubTime":"2021-03-31 17:40","market":"us","language":"en","title":"Citigroup loses veteran banker to booming SPAC industry -sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2123225762","media":"Reuters","summary":"HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment ","content":"<p>HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment banker to Asia's rapidly growing industry of special-purpose acquisition vehicles (SPAC), people with knowledge of the matter told Reuters.</p>\n<p>Christopher Laskowski, a managing director at Citi and who most recently headed its Hong Kong corporate and investment bank, is joining a SPAC sponsored by investment firm MSA Capital as its CEO, said two of the people.</p>\n<p>SPACs are blank cheque companies that raise money in an initial public offering and then use the proceeds to merge with a target company.</p>\n<p>They have grown exponentially since last year and have already raised $92 billion in IPOs this year, exceeding 2020's annual value, according to Refinitiv data.</p>\n<p>Laskowski's departure after nearly 24 years at Citi, the first of such move by a senior financier, underscores the increasing capital and talent that SPACs are attracting in the region.</p>\n<p>Beijing-based MSA Capital manages over $1.5 billion in assets and invests in global leading early and growth stage technology-enabled companies, according to its website.</p>\n<p>Its upcoming SPAC, ACS, will focus on technology sector in China, said <a href=\"https://laohu8.com/S/AONE\">one</a> of the people, who declined to be identified as they were not authorised to speak to media.</p>\n<p>Calls to Laskowski, who is leaving Citi this week according to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sources, were not answered. MSA Capital could not be reached for comment. Citigroup declined to comment.</p>\n<p>Laskowski started at Citi in New York in 1997 and moved to Hong Kong two years later, according to his LinkedIn profile. He has since covered financial institutions, private equity and global asset managers for the bank before taking his most recent role.</p>\n<p>(Reporting by Kane Wu in Hong Kong and Anshuman Daga in Singapore, editing by Louise Heavens)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup loses veteran banker to booming SPAC industry -sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup loses veteran banker to booming SPAC industry -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-31 17:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment banker to Asia's rapidly growing industry of special-purpose acquisition vehicles (SPAC), people with knowledge of the matter told Reuters.</p>\n<p>Christopher Laskowski, a managing director at Citi and who most recently headed its Hong Kong corporate and investment bank, is joining a SPAC sponsored by investment firm MSA Capital as its CEO, said two of the people.</p>\n<p>SPACs are blank cheque companies that raise money in an initial public offering and then use the proceeds to merge with a target company.</p>\n<p>They have grown exponentially since last year and have already raised $92 billion in IPOs this year, exceeding 2020's annual value, according to Refinitiv data.</p>\n<p>Laskowski's departure after nearly 24 years at Citi, the first of such move by a senior financier, underscores the increasing capital and talent that SPACs are attracting in the region.</p>\n<p>Beijing-based MSA Capital manages over $1.5 billion in assets and invests in global leading early and growth stage technology-enabled companies, according to its website.</p>\n<p>Its upcoming SPAC, ACS, will focus on technology sector in China, said <a href=\"https://laohu8.com/S/AONE\">one</a> of the people, who declined to be identified as they were not authorised to speak to media.</p>\n<p>Calls to Laskowski, who is leaving Citi this week according to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sources, were not answered. MSA Capital could not be reached for comment. Citigroup declined to comment.</p>\n<p>Laskowski started at Citi in New York in 1997 and moved to Hong Kong two years later, according to his LinkedIn profile. He has since covered financial institutions, private equity and global asset managers for the bank before taking his most recent role.</p>\n<p>(Reporting by Kane Wu in Hong Kong and Anshuman Daga in Singapore, editing by Louise Heavens)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebc0acd56ceb14a9fb9b9ad3d2a0b9e3","relate_stocks":{"C":"花旗"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123225762","content_text":"HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment banker to Asia's rapidly growing industry of special-purpose acquisition vehicles (SPAC), people with knowledge of the matter told Reuters.\nChristopher Laskowski, a managing director at Citi and who most recently headed its Hong Kong corporate and investment bank, is joining a SPAC sponsored by investment firm MSA Capital as its CEO, said two of the people.\nSPACs are blank cheque companies that raise money in an initial public offering and then use the proceeds to merge with a target company.\nThey have grown exponentially since last year and have already raised $92 billion in IPOs this year, exceeding 2020's annual value, according to Refinitiv data.\nLaskowski's departure after nearly 24 years at Citi, the first of such move by a senior financier, underscores the increasing capital and talent that SPACs are attracting in the region.\nBeijing-based MSA Capital manages over $1.5 billion in assets and invests in global leading early and growth stage technology-enabled companies, according to its website.\nIts upcoming SPAC, ACS, will focus on technology sector in China, said one of the people, who declined to be identified as they were not authorised to speak to media.\nCalls to Laskowski, who is leaving Citi this week according to one of the sources, were not answered. MSA Capital could not be reached for comment. Citigroup declined to comment.\nLaskowski started at Citi in New York in 1997 and moved to Hong Kong two years later, according to his LinkedIn profile. He has since covered financial institutions, private equity and global asset managers for the bank before taking his most recent role.\n(Reporting by Kane Wu in Hong Kong and Anshuman Daga in Singapore, editing by Louise Heavens)","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":150481946,"gmtCreate":1624924609985,"gmtModify":1703847913513,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"Wowww","listText":"Wowww","text":"Wowww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150481946","repostId":"2147837316","repostType":4,"isVote":1,"tweetType":1,"viewCount":1305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150489415,"gmtCreate":1624924584437,"gmtModify":1703847911577,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150489415","repostId":"2147837316","repostType":4,"isVote":1,"tweetType":1,"viewCount":1900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343930980,"gmtCreate":1617668389540,"gmtModify":1704701511134,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343930980","repostId":"2125762128","repostType":2,"repost":{"id":"2125762128","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617666913,"share":"https://ttm.financial/m/news/2125762128?lang=en_US&edition=fundamental","pubTime":"2021-04-06 07:55","market":"us","language":"en","title":"Asia shares set to rise after S&P 500, Dow hit records on strong economic data","url":"https://stock-news.laohu8.com/highlight/detail?id=2125762128","media":"Reuters","summary":"April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes s","content":"<p>April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&amp;P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.</p>\n<p>Investor sentiment was buoyed by a survey from the Institute for Supply Management <a href=\"https://laohu8.com/S/ISM\">$(ISM)$</a> on Monday showing activity in the U.S. services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month.</p>\n<p>\"The jobs report set the stage for what we're seeing today,\" said Thomas Hayes, chairman of Great Hill Capital LLC in New York. \"It's not only that the report crushed expectations but it showed that wage inflation was subdued as people compete for labor.\"</p>\n<p>Australian S&amp;P/ASX 200 futures rose 0.34% in early trading, while Hong Kong's Hang Seng index futures&nbsp;rose 0.40%.</p>\n<p>The S&amp;P 500 and the Dow - the benchmark Wall Street indexes - have rallied in recent sessions as widespread vaccinations and an unprecedented government stimulus boosted investor confidence in an economic rebound and spurred demand for sectors, including energy , financials and materials , which are primed to benefit from economic reopening.</p>\n<p>On Monday, gains were led by sectors that have underperformed recently, including communication services, consumer discretionary and technology, as the 10-year U.S. Treasury yield remained below a 14-month high hit last week.</p>\n<p>\"The rate of change with the 10-year yield has slowed and that has created a runway for some of the left behind sectors in recent weeks like tech and other yield sensitive areas like utilities,\" Hayes said.</p>\n<p>On Wall Street, Dow Jones Industrial Average rose 1.13% to a record high of 33,527.19, the S&amp;P 500 gained 1.44% to a record 4,077.91 and the Nasdaq Composite added 1.67%, to 13,705.59.</p>\n<p>U.S. Treasury yields edged lower on Monday, as investors paused recent selling of government bonds and took profit from short positions, though the uptrend in rates remained intact following Friday's blockbuster jobs report.</p>\n<p>Benchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday. The yield curve steepened on Monday after flattening the previous session as the spread between U.S. 2-year and 10-year yields rose to 154 basis points .</p>\n<p>Gold prices edged lower as the safe-harbour metal's luster was dimmed by rising global equity prices.</p>\n<p>Spot gold declined 0.1% to $1,727.98 an ounce. U.S. gold futures settled little changed at $1,728.80.</p>\n<p>Oil prices fell as increasing OPEC+ supply and rising Iranian output, along with the threat of a new wave of COVID-19 infections, offset hopes for a demand rebound driven by economic revival.</p>\n<p>U.S. crude settled at $58.65 per barrel, down 4.6% on the day, while Brent shed 4.18% to end at $62.15 per barrel.</p>\n<p>(Reporting by Chibuike Oguh in New York; Editing by Christopher Cushing)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares set to rise after S&P 500, Dow hit records on strong economic data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares set to rise after S&P 500, Dow hit records on strong economic data\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-06 07:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&amp;P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.</p>\n<p>Investor sentiment was buoyed by a survey from the Institute for Supply Management <a href=\"https://laohu8.com/S/ISM\">$(ISM)$</a> on Monday showing activity in the U.S. services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month.</p>\n<p>\"The jobs report set the stage for what we're seeing today,\" said Thomas Hayes, chairman of Great Hill Capital LLC in New York. \"It's not only that the report crushed expectations but it showed that wage inflation was subdued as people compete for labor.\"</p>\n<p>Australian S&amp;P/ASX 200 futures rose 0.34% in early trading, while Hong Kong's Hang Seng index futures&nbsp;rose 0.40%.</p>\n<p>The S&amp;P 500 and the Dow - the benchmark Wall Street indexes - have rallied in recent sessions as widespread vaccinations and an unprecedented government stimulus boosted investor confidence in an economic rebound and spurred demand for sectors, including energy , financials and materials , which are primed to benefit from economic reopening.</p>\n<p>On Monday, gains were led by sectors that have underperformed recently, including communication services, consumer discretionary and technology, as the 10-year U.S. Treasury yield remained below a 14-month high hit last week.</p>\n<p>\"The rate of change with the 10-year yield has slowed and that has created a runway for some of the left behind sectors in recent weeks like tech and other yield sensitive areas like utilities,\" Hayes said.</p>\n<p>On Wall Street, Dow Jones Industrial Average rose 1.13% to a record high of 33,527.19, the S&amp;P 500 gained 1.44% to a record 4,077.91 and the Nasdaq Composite added 1.67%, to 13,705.59.</p>\n<p>U.S. Treasury yields edged lower on Monday, as investors paused recent selling of government bonds and took profit from short positions, though the uptrend in rates remained intact following Friday's blockbuster jobs report.</p>\n<p>Benchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday. The yield curve steepened on Monday after flattening the previous session as the spread between U.S. 2-year and 10-year yields rose to 154 basis points .</p>\n<p>Gold prices edged lower as the safe-harbour metal's luster was dimmed by rising global equity prices.</p>\n<p>Spot gold declined 0.1% to $1,727.98 an ounce. U.S. gold futures settled little changed at $1,728.80.</p>\n<p>Oil prices fell as increasing OPEC+ supply and rising Iranian output, along with the threat of a new wave of COVID-19 infections, offset hopes for a demand rebound driven by economic revival.</p>\n<p>U.S. crude settled at $58.65 per barrel, down 4.6% on the day, while Brent shed 4.18% to end at $62.15 per barrel.</p>\n<p>(Reporting by Chibuike Oguh in New York; Editing by Christopher Cushing)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares",".SPX":"S&P 500 Index","OEX":"标普100",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125762128","content_text":"April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns.\nInvestor sentiment was buoyed by a survey from the Institute for Supply Management $(ISM)$ on Monday showing activity in the U.S. services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month.\n\"The jobs report set the stage for what we're seeing today,\" said Thomas Hayes, chairman of Great Hill Capital LLC in New York. \"It's not only that the report crushed expectations but it showed that wage inflation was subdued as people compete for labor.\"\nAustralian S&P/ASX 200 futures rose 0.34% in early trading, while Hong Kong's Hang Seng index futures rose 0.40%.\nThe S&P 500 and the Dow - the benchmark Wall Street indexes - have rallied in recent sessions as widespread vaccinations and an unprecedented government stimulus boosted investor confidence in an economic rebound and spurred demand for sectors, including energy , financials and materials , which are primed to benefit from economic reopening.\nOn Monday, gains were led by sectors that have underperformed recently, including communication services, consumer discretionary and technology, as the 10-year U.S. Treasury yield remained below a 14-month high hit last week.\n\"The rate of change with the 10-year yield has slowed and that has created a runway for some of the left behind sectors in recent weeks like tech and other yield sensitive areas like utilities,\" Hayes said.\nOn Wall Street, Dow Jones Industrial Average rose 1.13% to a record high of 33,527.19, the S&P 500 gained 1.44% to a record 4,077.91 and the Nasdaq Composite added 1.67%, to 13,705.59.\nU.S. Treasury yields edged lower on Monday, as investors paused recent selling of government bonds and took profit from short positions, though the uptrend in rates remained intact following Friday's blockbuster jobs report.\nBenchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday. The yield curve steepened on Monday after flattening the previous session as the spread between U.S. 2-year and 10-year yields rose to 154 basis points .\nGold prices edged lower as the safe-harbour metal's luster was dimmed by rising global equity prices.\nSpot gold declined 0.1% to $1,727.98 an ounce. U.S. gold futures settled little changed at $1,728.80.\nOil prices fell as increasing OPEC+ supply and rising Iranian output, along with the threat of a new wave of COVID-19 infections, offset hopes for a demand rebound driven by economic revival.\nU.S. crude settled at $58.65 per barrel, down 4.6% on the day, while Brent shed 4.18% to end at $62.15 per barrel.\n(Reporting by Chibuike Oguh in New York; Editing by Christopher Cushing)","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"UPRO":0.9,"IVV":0.9,"SPY":0.9,"SPXU":0.9,"OEX":0.9,"MGCmain":0.9,"CLmain":0.9,".DJI":0.9,"EURmain":0.9,".SPX":0.9,"SH":0.9,"GBPmain":0.9,"GCmain":0.9,"ESmain":0.9,"SSO":0.9,"OEF":0.9,"JPYmain":0.9,"QMmain":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354405547,"gmtCreate":1617193764189,"gmtModify":1704697040643,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354405547","repostId":"2123225762","repostType":2,"repost":{"id":"2123225762","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617183646,"share":"https://ttm.financial/m/news/2123225762?lang=en_US&edition=fundamental","pubTime":"2021-03-31 17:40","market":"us","language":"en","title":"Citigroup loses veteran banker to booming SPAC industry -sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2123225762","media":"Reuters","summary":"HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment ","content":"<p>HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment banker to Asia's rapidly growing industry of special-purpose acquisition vehicles (SPAC), people with knowledge of the matter told Reuters.</p>\n<p>Christopher Laskowski, a managing director at Citi and who most recently headed its Hong Kong corporate and investment bank, is joining a SPAC sponsored by investment firm MSA Capital as its CEO, said two of the people.</p>\n<p>SPACs are blank cheque companies that raise money in an initial public offering and then use the proceeds to merge with a target company.</p>\n<p>They have grown exponentially since last year and have already raised $92 billion in IPOs this year, exceeding 2020's annual value, according to Refinitiv data.</p>\n<p>Laskowski's departure after nearly 24 years at Citi, the first of such move by a senior financier, underscores the increasing capital and talent that SPACs are attracting in the region.</p>\n<p>Beijing-based MSA Capital manages over $1.5 billion in assets and invests in global leading early and growth stage technology-enabled companies, according to its website.</p>\n<p>Its upcoming SPAC, ACS, will focus on technology sector in China, said <a href=\"https://laohu8.com/S/AONE\">one</a> of the people, who declined to be identified as they were not authorised to speak to media.</p>\n<p>Calls to Laskowski, who is leaving Citi this week according to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sources, were not answered. MSA Capital could not be reached for comment. Citigroup declined to comment.</p>\n<p>Laskowski started at Citi in New York in 1997 and moved to Hong Kong two years later, according to his LinkedIn profile. He has since covered financial institutions, private equity and global asset managers for the bank before taking his most recent role.</p>\n<p>(Reporting by Kane Wu in Hong Kong and Anshuman Daga in Singapore, editing by Louise Heavens)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup loses veteran banker to booming SPAC industry -sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup loses veteran banker to booming SPAC industry -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-31 17:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment banker to Asia's rapidly growing industry of special-purpose acquisition vehicles (SPAC), people with knowledge of the matter told Reuters.</p>\n<p>Christopher Laskowski, a managing director at Citi and who most recently headed its Hong Kong corporate and investment bank, is joining a SPAC sponsored by investment firm MSA Capital as its CEO, said two of the people.</p>\n<p>SPACs are blank cheque companies that raise money in an initial public offering and then use the proceeds to merge with a target company.</p>\n<p>They have grown exponentially since last year and have already raised $92 billion in IPOs this year, exceeding 2020's annual value, according to Refinitiv data.</p>\n<p>Laskowski's departure after nearly 24 years at Citi, the first of such move by a senior financier, underscores the increasing capital and talent that SPACs are attracting in the region.</p>\n<p>Beijing-based MSA Capital manages over $1.5 billion in assets and invests in global leading early and growth stage technology-enabled companies, according to its website.</p>\n<p>Its upcoming SPAC, ACS, will focus on technology sector in China, said <a href=\"https://laohu8.com/S/AONE\">one</a> of the people, who declined to be identified as they were not authorised to speak to media.</p>\n<p>Calls to Laskowski, who is leaving Citi this week according to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the sources, were not answered. MSA Capital could not be reached for comment. Citigroup declined to comment.</p>\n<p>Laskowski started at Citi in New York in 1997 and moved to Hong Kong two years later, according to his LinkedIn profile. He has since covered financial institutions, private equity and global asset managers for the bank before taking his most recent role.</p>\n<p>(Reporting by Kane Wu in Hong Kong and Anshuman Daga in Singapore, editing by Louise Heavens)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebc0acd56ceb14a9fb9b9ad3d2a0b9e3","relate_stocks":{"C":"花旗"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123225762","content_text":"HONG KONG, March 31 (Reuters) - $Citigroup Inc(C-N)$ is losing a Hong Kong-based veteran investment banker to Asia's rapidly growing industry of special-purpose acquisition vehicles (SPAC), people with knowledge of the matter told Reuters.\nChristopher Laskowski, a managing director at Citi and who most recently headed its Hong Kong corporate and investment bank, is joining a SPAC sponsored by investment firm MSA Capital as its CEO, said two of the people.\nSPACs are blank cheque companies that raise money in an initial public offering and then use the proceeds to merge with a target company.\nThey have grown exponentially since last year and have already raised $92 billion in IPOs this year, exceeding 2020's annual value, according to Refinitiv data.\nLaskowski's departure after nearly 24 years at Citi, the first of such move by a senior financier, underscores the increasing capital and talent that SPACs are attracting in the region.\nBeijing-based MSA Capital manages over $1.5 billion in assets and invests in global leading early and growth stage technology-enabled companies, according to its website.\nIts upcoming SPAC, ACS, will focus on technology sector in China, said one of the people, who declined to be identified as they were not authorised to speak to media.\nCalls to Laskowski, who is leaving Citi this week according to one of the sources, were not answered. MSA Capital could not be reached for comment. Citigroup declined to comment.\nLaskowski started at Citi in New York in 1997 and moved to Hong Kong two years later, according to his LinkedIn profile. He has since covered financial institutions, private equity and global asset managers for the bank before taking his most recent role.\n(Reporting by Kane Wu in Hong Kong and Anshuman Daga in Singapore, editing by Louise Heavens)","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108197326,"gmtCreate":1620003892465,"gmtModify":1704337167616,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108197326","repostId":"2132971595","repostType":2,"repost":{"id":"2132971595","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620000529,"share":"https://ttm.financial/m/news/2132971595?lang=en_US&edition=fundamental","pubTime":"2021-05-03 08:08","market":"us","language":"en","title":"Analysis-In Apple versus Epic Games, courtroom battle is only half the fight","url":"https://stock-news.laohu8.com/highlight/detail?id=2132971595","media":"Reuters","summary":"SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust ","content":"<p>SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of \"Fortnite\" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.</p>\n<p>But win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should be regulated.</p>\n<p>Apple has mostly succeeded in staying out of the regulatory crosshairs by arguing that the iPhone is a niche product in a smartphone world dominated by Google's Android operating system. But that argument has become harder to sustain with the number of iPhone users now exceeding 1 billion.</p>\n<p>Epic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power. Apple is abusing that power, Epic argues, by forcing developers to use Apple's in-app payment systems - which charge commissions of up to 30% - and to submit to app-review guidelines the gaming company says discriminate against products that compete with Apple's own.</p>\n<p>\"It's not a super-strong suit - I don't think they are likely to win,\" said Rebecca Haw Allensworth, a law professor at Vanderbilt Law School. \"But it has already achieved a lot of its purpose, which is drawing attention to some of Apple's practices that many developers see as abusive.\"</p>\n<p><b>UPHILL BATTLE</b></p>\n<p>Epic's arguments draw on major antitrust cases against Microsoft, Eastman Kodak and American <a href=\"https://laohu8.com/S/EXPR\">Express</a>, but apply those precedents in new ways that have not been tested in U.S. courts, legal experts said.</p>\n<p>For example, in arguing that iPhones are a software market unto themselves, Epic relies partly on a 1992 U.S. Supreme Court decision that rejected efforts by Kodak to force owners of its copying machines to use Kodak repair services.</p>\n<p>Spencer Waller, a competition law professor at the Loyola University Chicago School of Law, said the Kodak decision has had mixed success in subsequent cases.</p>\n<p>\"Plaintiffs are often unsuccessful because courts read Kodak narrowly at times,” Waller said.</p>\n<p>Epic also faces hurdles in its contention that Apple's in-app payment commissions are too high at 30% and could be as much as 10 times lower if market forces prevailed. American courts have been reluctant to dive into setting specific rates, in large part because unlike Europe, the prevailing interpretation of U.S. antitrust law does not consider a dominant firm charging high prices to be anticompetitive in itself.</p>\n<p>Apple argues that whatever dominant position it may have in mobile software is an outgrowth of its creation of both the iPhone and a curated App Store that makes consumer comfortable.</p>\n<p>\"If you obtained a monopoly legitimately, you're allowed to charge high prices,\" said Randal Picker, a professor at the University of Chicago Law School.</p>\n<p>Regardless of who wins at the trial expected to last three weeks before Judge Yvonne Gonzalez Rogers in Oakland, California, the case is all-but-certain to be appealed to the U.S. Ninth Circuit Court of Appeals, which last year reinforced the notion that dominant firms can charge high prices in a case involving Qualcomm Inc.</p>\n<p>\"Anticompetitive behavior is illegal under federal antitrust law. Hypercompetitive behavior is not,\" Circuit Judge Consuelo Callahan wrote in the court's opinion.</p>\n<p>A federal antitrust official, speaking anonymously because the official was not authorized to speak to the media, said that an Epic loss would dim the chances of the government pursuing a similar lawsuit against Apple.</p>\n<p><b>BREWING ANTITRUST DEBATE</b></p>\n<p>Epic's suit has ramped up pressure on Apple in the court of public opinion at a time when the iPhone maker's business practices are facing fresh scrutiny around the world.</p>\n<p>The U.S. Department of Justice is probing the company's practices, Reuters has reported, and regulators in the United Kingdom and Australia have opened probes or called for regulation.</p>\n<p>European Union regulators last week accused Apple of distorting competition in the music streaming market, siding with Spotify Technology in the zone's first major anti-competition charge against Apple.</p>\n<p>Epic advertisements decrying Apple for taking such a big cut of revenue are landing aside those headlines.</p>\n<p>\"The public can understand these issues, and in many ways understand them better than these judges who have never played a game in their life,\" said Thomas Horton, a professor at the University of South Dakota School of Law.</p>\n<p>The biggest threat to Apple's App Store is not lawsuits, but rather new laws regulating digital platforms, said Joel Mitnick, a partner at Cadwalader, Wickersham &amp; Taft and a former U.S. Federal Trade Commission trial lawyer.</p>\n<p>European lawmakers have already proposed legislation that could require Apple to allow developers to use their own payment systems, and consensus for new regulations is building in the United States as well.</p>\n<p>Mitnick noted that concern about the power of big tech companies was bipartisan.</p>\n<p>“If it were me, I would be looking at ways in which I could influence what might be inevitable changes to the rules under which (Apple) are going to operate,” he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analysis-In Apple versus Epic Games, courtroom battle is only half the fight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalysis-In Apple versus Epic Games, courtroom battle is only half the fight\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-03 08:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of \"Fortnite\" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.</p>\n<p>But win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should be regulated.</p>\n<p>Apple has mostly succeeded in staying out of the regulatory crosshairs by arguing that the iPhone is a niche product in a smartphone world dominated by Google's Android operating system. But that argument has become harder to sustain with the number of iPhone users now exceeding 1 billion.</p>\n<p>Epic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power. Apple is abusing that power, Epic argues, by forcing developers to use Apple's in-app payment systems - which charge commissions of up to 30% - and to submit to app-review guidelines the gaming company says discriminate against products that compete with Apple's own.</p>\n<p>\"It's not a super-strong suit - I don't think they are likely to win,\" said Rebecca Haw Allensworth, a law professor at Vanderbilt Law School. \"But it has already achieved a lot of its purpose, which is drawing attention to some of Apple's practices that many developers see as abusive.\"</p>\n<p><b>UPHILL BATTLE</b></p>\n<p>Epic's arguments draw on major antitrust cases against Microsoft, Eastman Kodak and American <a href=\"https://laohu8.com/S/EXPR\">Express</a>, but apply those precedents in new ways that have not been tested in U.S. courts, legal experts said.</p>\n<p>For example, in arguing that iPhones are a software market unto themselves, Epic relies partly on a 1992 U.S. Supreme Court decision that rejected efforts by Kodak to force owners of its copying machines to use Kodak repair services.</p>\n<p>Spencer Waller, a competition law professor at the Loyola University Chicago School of Law, said the Kodak decision has had mixed success in subsequent cases.</p>\n<p>\"Plaintiffs are often unsuccessful because courts read Kodak narrowly at times,” Waller said.</p>\n<p>Epic also faces hurdles in its contention that Apple's in-app payment commissions are too high at 30% and could be as much as 10 times lower if market forces prevailed. American courts have been reluctant to dive into setting specific rates, in large part because unlike Europe, the prevailing interpretation of U.S. antitrust law does not consider a dominant firm charging high prices to be anticompetitive in itself.</p>\n<p>Apple argues that whatever dominant position it may have in mobile software is an outgrowth of its creation of both the iPhone and a curated App Store that makes consumer comfortable.</p>\n<p>\"If you obtained a monopoly legitimately, you're allowed to charge high prices,\" said Randal Picker, a professor at the University of Chicago Law School.</p>\n<p>Regardless of who wins at the trial expected to last three weeks before Judge Yvonne Gonzalez Rogers in Oakland, California, the case is all-but-certain to be appealed to the U.S. Ninth Circuit Court of Appeals, which last year reinforced the notion that dominant firms can charge high prices in a case involving Qualcomm Inc.</p>\n<p>\"Anticompetitive behavior is illegal under federal antitrust law. Hypercompetitive behavior is not,\" Circuit Judge Consuelo Callahan wrote in the court's opinion.</p>\n<p>A federal antitrust official, speaking anonymously because the official was not authorized to speak to the media, said that an Epic loss would dim the chances of the government pursuing a similar lawsuit against Apple.</p>\n<p><b>BREWING ANTITRUST DEBATE</b></p>\n<p>Epic's suit has ramped up pressure on Apple in the court of public opinion at a time when the iPhone maker's business practices are facing fresh scrutiny around the world.</p>\n<p>The U.S. Department of Justice is probing the company's practices, Reuters has reported, and regulators in the United Kingdom and Australia have opened probes or called for regulation.</p>\n<p>European Union regulators last week accused Apple of distorting competition in the music streaming market, siding with Spotify Technology in the zone's first major anti-competition charge against Apple.</p>\n<p>Epic advertisements decrying Apple for taking such a big cut of revenue are landing aside those headlines.</p>\n<p>\"The public can understand these issues, and in many ways understand them better than these judges who have never played a game in their life,\" said Thomas Horton, a professor at the University of South Dakota School of Law.</p>\n<p>The biggest threat to Apple's App Store is not lawsuits, but rather new laws regulating digital platforms, said Joel Mitnick, a partner at Cadwalader, Wickersham &amp; Taft and a former U.S. Federal Trade Commission trial lawyer.</p>\n<p>European lawmakers have already proposed legislation that could require Apple to allow developers to use their own payment systems, and consensus for new regulations is building in the United States as well.</p>\n<p>Mitnick noted that concern about the power of big tech companies was bipartisan.</p>\n<p>“If it were me, I would be looking at ways in which I could influence what might be inevitable changes to the rules under which (Apple) are going to operate,” he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","EPOR":"Epic Corp.","EPORP":"Epic Corp."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132971595","content_text":"SAN FRANCISCO (Reuters) - Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of \"Fortnite\" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.\nBut win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should be regulated.\nApple has mostly succeeded in staying out of the regulatory crosshairs by arguing that the iPhone is a niche product in a smartphone world dominated by Google's Android operating system. But that argument has become harder to sustain with the number of iPhone users now exceeding 1 billion.\nEpic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power. Apple is abusing that power, Epic argues, by forcing developers to use Apple's in-app payment systems - which charge commissions of up to 30% - and to submit to app-review guidelines the gaming company says discriminate against products that compete with Apple's own.\n\"It's not a super-strong suit - I don't think they are likely to win,\" said Rebecca Haw Allensworth, a law professor at Vanderbilt Law School. \"But it has already achieved a lot of its purpose, which is drawing attention to some of Apple's practices that many developers see as abusive.\"\nUPHILL BATTLE\nEpic's arguments draw on major antitrust cases against Microsoft, Eastman Kodak and American Express, but apply those precedents in new ways that have not been tested in U.S. courts, legal experts said.\nFor example, in arguing that iPhones are a software market unto themselves, Epic relies partly on a 1992 U.S. Supreme Court decision that rejected efforts by Kodak to force owners of its copying machines to use Kodak repair services.\nSpencer Waller, a competition law professor at the Loyola University Chicago School of Law, said the Kodak decision has had mixed success in subsequent cases.\n\"Plaintiffs are often unsuccessful because courts read Kodak narrowly at times,” Waller said.\nEpic also faces hurdles in its contention that Apple's in-app payment commissions are too high at 30% and could be as much as 10 times lower if market forces prevailed. American courts have been reluctant to dive into setting specific rates, in large part because unlike Europe, the prevailing interpretation of U.S. antitrust law does not consider a dominant firm charging high prices to be anticompetitive in itself.\nApple argues that whatever dominant position it may have in mobile software is an outgrowth of its creation of both the iPhone and a curated App Store that makes consumer comfortable.\n\"If you obtained a monopoly legitimately, you're allowed to charge high prices,\" said Randal Picker, a professor at the University of Chicago Law School.\nRegardless of who wins at the trial expected to last three weeks before Judge Yvonne Gonzalez Rogers in Oakland, California, the case is all-but-certain to be appealed to the U.S. Ninth Circuit Court of Appeals, which last year reinforced the notion that dominant firms can charge high prices in a case involving Qualcomm Inc.\n\"Anticompetitive behavior is illegal under federal antitrust law. Hypercompetitive behavior is not,\" Circuit Judge Consuelo Callahan wrote in the court's opinion.\nA federal antitrust official, speaking anonymously because the official was not authorized to speak to the media, said that an Epic loss would dim the chances of the government pursuing a similar lawsuit against Apple.\nBREWING ANTITRUST DEBATE\nEpic's suit has ramped up pressure on Apple in the court of public opinion at a time when the iPhone maker's business practices are facing fresh scrutiny around the world.\nThe U.S. Department of Justice is probing the company's practices, Reuters has reported, and regulators in the United Kingdom and Australia have opened probes or called for regulation.\nEuropean Union regulators last week accused Apple of distorting competition in the music streaming market, siding with Spotify Technology in the zone's first major anti-competition charge against Apple.\nEpic advertisements decrying Apple for taking such a big cut of revenue are landing aside those headlines.\n\"The public can understand these issues, and in many ways understand them better than these judges who have never played a game in their life,\" said Thomas Horton, a professor at the University of South Dakota School of Law.\nThe biggest threat to Apple's App Store is not lawsuits, but rather new laws regulating digital platforms, said Joel Mitnick, a partner at Cadwalader, Wickersham & Taft and a former U.S. Federal Trade Commission trial lawyer.\nEuropean lawmakers have already proposed legislation that could require Apple to allow developers to use their own payment systems, and consensus for new regulations is building in the United States as well.\nMitnick noted that concern about the power of big tech companies was bipartisan.\n“If it were me, I would be looking at ways in which I could influence what might be inevitable changes to the rules under which (Apple) are going to operate,” he said.","news_type":1,"symbols_score_info":{"EPOR":0.9,"EPORP":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346761558,"gmtCreate":1618114511074,"gmtModify":1704706737807,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346761558","repostId":"2126320190","repostType":2,"isVote":1,"tweetType":1,"viewCount":1447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346961201,"gmtCreate":1617980818803,"gmtModify":1704705653765,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346961201","repostId":"1121480052","repostType":2,"repost":{"id":"1121480052","kind":"news","pubTimestamp":1617979030,"share":"https://ttm.financial/m/news/1121480052?lang=en_US&edition=fundamental","pubTime":"2021-04-09 22:37","market":"us","language":"en","title":"Tesla China Deliveries Set EV Maker for Strong '21, Wedbush Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1121480052","media":"TheStreet","summary":"Tesla is on pace to deliver 850,000 vehicles in 2021, a strong trajectory, according to Wedbush analyst Dan Ives.Tesla's March deliveries in China create a strong trajectory for the electric-vehicle major into the rest of 2021, Wedbush analyst Dan Ives says.The China Passenger Car Association on Friday reported its March numbers, showing that Tesla delivered 35,500 vehicles, about double the February figure.\"The narrative is [clear: Despite] the haters and bears focused on China EV sales softeni","content":"<p>Tesla is on pace to deliver 850,000 vehicles in 2021, a strong trajectory, according to Wedbush analyst Dan Ives.</p><p>Tesla's&nbsp;March deliveries in China create a strong trajectory for&nbsp;the electric-vehicle major into the rest of 2021, Wedbush analyst Dan Ives says.</p><p>The China Passenger Car Association on Friday reported its March numbers, showing that Tesla delivered 35,500 vehicles, about double the February figure.</p><p>\"The narrative is [clear: Despite] the haters and bears focused on China EV sales softening in January, we have seen a storybook comeback from Tesla and domestic EV players NIO,&nbsp;Li Auto,&nbsp;Xpeng&nbsp;and others in this key region,\" Ives said in a Friday note.</p><p>Wedbush maintained its outperform rating and $1,000 price target.</p><p>Shares of the Palo Alto, Calif., company at last check were off 0.9% at $678.</p><p>Wedbush sees a run rate of 300,000 units delivered in China for the year, which would be the linchpin for the company hitting its 850,000-vehicle delivery goal worldwide.</p><p>\"As this green tidal wave hits its next phase globally, ... the Tesla EV demand story is just starting to play out,\" Ives said.</p><p>Additionally, lifting the 200,000 electric vehicle tax-credit ceiling, which was restored to Tesla and General Motors, and a likely $10,000 electric-vehicle tax rebate will be major catalysts for industry growth in the U.S., thanks to the focus on green energy from President Joe Biden's administration.</p><p>Last week, Tesla reported&nbsp;stronger-than-expected&nbsp;vehicle deliveries for the first quarter, paced by its midpriced Model 3 sedan and Chinese demand for its new Model Y SUV.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla China Deliveries Set EV Maker for Strong '21, Wedbush Says</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla China Deliveries Set EV Maker for Strong '21, Wedbush Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 22:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/tesla-march-china-deliveries-strong-outlook-wedbush-says><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla is on pace to deliver 850,000 vehicles in 2021, a strong trajectory, according to Wedbush analyst Dan Ives.Tesla's March deliveries in China create a strong trajectory for the electric-vehicle ...</p>\n\n<a href=\"https://www.thestreet.com/investing/tesla-march-china-deliveries-strong-outlook-wedbush-says\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/investing/tesla-march-china-deliveries-strong-outlook-wedbush-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121480052","content_text":"Tesla is on pace to deliver 850,000 vehicles in 2021, a strong trajectory, according to Wedbush analyst Dan Ives.Tesla's March deliveries in China create a strong trajectory for the electric-vehicle major into the rest of 2021, Wedbush analyst Dan Ives says.The China Passenger Car Association on Friday reported its March numbers, showing that Tesla delivered 35,500 vehicles, about double the February figure.\"The narrative is [clear: Despite] the haters and bears focused on China EV sales softening in January, we have seen a storybook comeback from Tesla and domestic EV players NIO, Li Auto, Xpeng and others in this key region,\" Ives said in a Friday note.Wedbush maintained its outperform rating and $1,000 price target.Shares of the Palo Alto, Calif., company at last check were off 0.9% at $678.Wedbush sees a run rate of 300,000 units delivered in China for the year, which would be the linchpin for the company hitting its 850,000-vehicle delivery goal worldwide.\"As this green tidal wave hits its next phase globally, ... the Tesla EV demand story is just starting to play out,\" Ives said.Additionally, lifting the 200,000 electric vehicle tax-credit ceiling, which was restored to Tesla and General Motors, and a likely $10,000 electric-vehicle tax rebate will be major catalysts for industry growth in the U.S., thanks to the focus on green energy from President Joe Biden's administration.Last week, Tesla reported stronger-than-expected vehicle deliveries for the first quarter, paced by its midpriced Model 3 sedan and Chinese demand for its new Model Y SUV.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343979277,"gmtCreate":1617672560499,"gmtModify":1704701610613,"author":{"id":"3564960708604710","authorId":"3564960708604710","name":"AP8","avatar":"https://static.tigerbbs.com/4d497745c6d95cbdc759cce2761802a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564960708604710","idStr":"3564960708604710"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343979277","repostId":"2125779764","repostType":2,"isVote":1,"tweetType":1,"viewCount":939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}