![]() JPMorgan Chase Working to Reverse Double Payments on Zelle Mallinckrodt Stock Sinks as It Considers Another Bankruptcyīig Banks Could Face 20% Rise in Capital RequirementsĪfter a Year, Amazon’s $1 Billion Logistics Venture Fund Is Off to Slow StartĮTF Providers Rush to Tap Into AI Investing Crazeīearish Bets Against S&P 500 Are Surging, Despite Love for Big Tech ![]() S&P 500 Starts Week Lower, Just Shy of Bull Market TerritoryĪllstate Stops Selling New Home-Insurance Policies in California, Citing Wildfire Risks Apple May or May Not Change That.īed Bath & Beyond in Talks to Sell Buybuy Baby to Owner of Janey and Jack ![]() The Corporate Metaverse Was on Life Support. Top Morgan Stanley M&A Banker to Join Law Firm Paul WeissĪ New CEO Says Employees Can’t Work Remotely After All, and They Revolt This Rally Is All About a Few Star Stocks. Why AI Is the Key to Nvidia’s $1 Trillion ValuationĬhina’s EV Juggernaut Is a Warning for the West How the Stock Ticker MMTLP Became an Anti-Wall Street Rallying CryĮight Megacap Stocks Make for a Funny Sort of Bull Market Lawmakers Try Again to Curb Visa, Mastercard Fees, With Broader Support S&P 500’s Bull-Market Climb Thwarted by Canada Rate Move Stock Clearinghouse to Suspend Data Feed Criticized for Leaking Trading Info GameStop Shares Fall as It Fires CEO and Names Ryan Cohen Executive Chairman ![]() GameStop Shares Tumble After CEO Is Fired Home Insurers Curb New Policies in Risky Areas Nationally Nikola Shareholders Reject Plan for More Stock Shares S&P Enters Bull Market as Big Tech Lifts Stocks Jerome Powell’s Big Problem Just Got Even More ComplicatedĬompanies, Big Investors Sell Shares at Fastest Rate in YearsĮTF Flows Sputter as Investors Favor Defensive FundsĬrispin Odey Departs Hedge Fund He Founded After Sexual Abuse AllegationsĭocuSign Shares Climb With Turnaround Efforts Under WayĬarvana Shares Jump More Than 50% as Company’s Profit Outlook Improves Toyota Boss Faces Pushback Over EV Strategy in Shareholder Vote JPMorgan to Pay $290 Million to Settle Jeffrey Epstein Accusers’ SuitĬredit Suisse Era Ends After UBS Takeover Becomes Official Nasdaq to Buy Financial-Software Firm AdenzaĪfter Illumina CEO’s Fall, Other Executives May Take Hard Look Before Deal MakingĮxecutives Quiet Their Sustainability Talk on Earnings Calls Amid Growing Culture War S&P 500 Closes at Its Highest in Over a Year Oil-Field-Services Companies Hold Merger TalksįTC Seeks Injunction to Stop Microsoft From Closing Activision Deal In a court filing, Apple's attorneys called the agreement "commonplace" and said the "Supreme Court and Ninth Circuit have routinely recognized that such agreements are procompetitive and lawful.News From WSJ Dow Jones Industrial Average DJIAĬathie Wood fund makes its first purchase of Taiwan Semiconductor Apple agreed to give Amazon a discount on its products if Amazon reduced the number of Apple resellers from its marketplace, the lawsuit alleged.Īpple has argued that its agreement with Amazon limited the number of authorized resellers to help minimize counterfeit Apple goods being sold on the e-commerce platform. In 2018, according to the lawsuit, there were some 600 third-party Apple resellers on Amazon. They contend an agreement between Apple and Amazon that went into effect that year restricted the number of competitive resellers in violation of antitrust provisions. residents who bought new iPhones and iPads on Amazon beginning in January 2019. Steve Berman, a lawyer for the plaintiffs, called the court's ruling "a major win for consumers of Apple phones and iPads." Lawyers for Apple and Amazon and representatives for the companies did not immediately respond to requests for comment on Friday. ![]() Coughenour's ruling means the case will move forward to evidence-gathering and other pretrial proceedings. The lawsuit, filed in November, is among several private and government actions challenging Amazon's online price practices. District Judge John Coughenour rejected bids from Apple and Amazon to dismiss the prospective class action on various legal grounds.Ĭoughenour said the "validity" of the relevant market, a central issue in antitrust litigation, was a question for a jury. ![]()
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