Core Viewpoint - The Federal Trade Commission (FTC) has officially withdrawn its antitrust lawsuit against Microsoft's $69 billion acquisition of Activision Blizzard, marking a significant victory for both American gamers and political rationality [1][2]. Group 1: Acquisition Details - The acquisition, which began in January 2022, has positioned Microsoft's gaming business as the third largest globally, integrating over 30 top IPs from Activision Blizzard [2]. - Following the acquisition, the Xbox Game Pass library has expanded to over 5,000 games, with subscription users increasing by 60% to 40 million, generating annual subscription revenue exceeding $6 billion [2]. Group 2: Regulatory Challenges - The FTC initially opposed the acquisition due to concerns over monopoly risks, particularly fearing a decline of 3 million units in annual sales for Sony's PS console if the Call of Duty series was removed from the platform [2]. - Microsoft has committed to keeping the Call of Duty series available on the PS platform for ten years and has agreed to open cloud gaming licenses to third parties, which ultimately persuaded the court to allow the acquisition [2]. Group 3: Global Regulatory Agreements - Major global regulatory bodies have reached settlement conditions, with the EU requiring open cloud gaming transmission channels and the UK establishing an independent regulatory committee, leading Microsoft to divest some cloud gaming rights [2]. Group 4: Integration Challenges - Despite the legal hurdles being cleared, the integration of Activision Blizzard presents ongoing challenges, including declining revenue and cultural conflicts within the studios leading to talent loss [2][3]. - The FTC retains the right to initiate an administrative trial in July, theoretically allowing for the potential breakup of the merged entity, indicating that the true test of integration is just beginning [3].

美国联邦贸易委员会(FTC)5月22日宣布，一致投票驳回拜登政府末期针对百事公司提起的反垄断诉讼。 该诉讼于1月17日提起，指控百事向小型零售商收取的价格高于其向大型跨国连锁店出售饮料的价格， 违反《罗宾逊-帕特曼法案》。(智通财经) ...

周四，三大指数涨跌不一，道指与标普500指数录得连续第三日下跌。美国总统特朗普的税改法案周四 上午在众议院以215票赞成、214票反对、1票弃权的微弱优势通过。投资者担心该法案可能加剧财政赤 字。美国长期国债再度承压下跌，30年期美债收益率触及2023年10月以来最高水平。 【美股】截至收盘，道指跌1.35点，报41859.09点；纳指涨53.09点，涨幅为0.28%，报18925.73点；标 普500指数跌2.60点，跌幅为0.04%，报5842.01点。谷歌(GOOG.US)涨1.3%，英伟达(NVDA.US)涨近 1%，拼多多(PDD.US)涨3%，游戏驿站(GME.US)涨10%。纳斯达克中国金龙指数收跌1.2%，阿里巴巴 (BABA.US)跌1.7%，小鹏汽车(XPEV.US)跌近8%。 【欧股】德国DAX30指数跌116.48点，跌幅0.48%，报24001.21点；英国富时100指数跌47.89点，跌幅 0.55%，报8738.57点；法国CAC40指数跌46.05点，跌幅0.58%，报7864.44点；欧洲斯托克50指数跌 30.81点，跌幅0.56%，报5423.65点；西班牙IBEX35指 ...

Core Viewpoint - Google is under investigation by the U.S. Department of Justice for potential antitrust violations related to its agreement to utilize AI technology from a popular chatbot manufacturer, Character.AI [1] Group 1: Investigation Details - The antitrust enforcement agency is examining whether Google's transaction structure with Character.AI was designed to evade formal merger scrutiny by the government [1] - The investigation is currently in its early stages and has not yet resulted in any allegations of wrongdoing against Google [1] Group 2: Transaction Overview - According to an agreement reached last year, the founder of Character.AI joined Google, and Google obtained a non-exclusive license to use the technology [1] - Google stated that it does not hold equity in Character.AI, which continues to operate independently [1] Group 3: Regulatory Response - A Google spokesperson expressed willingness to respond to inquiries from regulatory agencies [1] - Despite the transaction not requiring formal review, the Department of Justice retains the authority to investigate for potential anti-competitive behavior [1]

据知情人士透露，美国司法部正在调查Alphabet Inc.旗下谷歌公司是否因与一家知名聊天机器人制造商 达成协议使用其人工智能（AI）技术而违反了反垄断法。反垄断执法人员最近告知谷歌，他们正在调 查谷歌是否与一家名为Character.AI的公司达成协议，以规避政府的正式合并审查。去年，这家聊天机 器人制造商的创始人加入了谷歌，谷歌还获得了使用其合资公司技术的非独家许可。（彭博） ...

Group 1 - Microsoft plans to separate its Teams application from Office 365 and Microsoft 365 to address antitrust investigations by European regulators [1][2] - The decision is a direct response to a complaint from Slack in 2020, which accused Microsoft of abusing its market dominance by bundling Teams with Office [1][2] - Microsoft could face fines of up to 10% of its global annual sales if found in violation of EU competition rules [1][2] Group 2 - The separation of Teams from Office is part of Microsoft's compliance strategy to avoid hefty penalties, as the company has faced significant fines in the past [2] - This move reflects a broader trend of increasing regulatory scrutiny on major tech companies, with similar cases involving Google, Apple, and Amazon [2][3] - Companies in the tech industry are reminded to prioritize compliance and fair competition, as practices like bundling can lead to regulatory risks and damage to reputation [3] Group 3 - The adjustment in Microsoft's product strategy aims to provide users with more choices and create a fairer competitive environment for rivals [3] - Future competition in the tech industry is expected to focus on user experience and open ecosystems rather than control [3] - Companies must find a balance between innovation and compliance to succeed in a rapidly evolving regulatory landscape [3]

该法明确指出，若谷歌或苹果基于安全考虑或为防止传播暴力、色情等有害内容而加以限制，属于"正 当理由"，可不受新法限制。 此外，该法还禁止这两家公司利用从操作系统或应用商店中获取的用户数据，为自家产品和服务提供不 正当优势。例如，在搜索引擎或系统推荐中优先展示自家应用，或限制第三方浏览器与操作系统的兼容 性，这类行为将被视为"滥用优势地位"行为。 一位JFTC官员表示，这项法案"将比（日本）反垄断法更快地对反垄断行为做出反应"。 根据南都此前报道，这部法律的背景是随着智能手机迅速普及并成为社会生活和经济活动的基础，使用 智能手机所必需的移动操作系统 、应用程序商店、浏览器和搜索引擎等"特定软件"市场形成只有少数 平台经营者的寡头结构，而这些经营者的反竞争行为阻碍了相关市场的公平和自由竞争。 为了解决"特定软件"市场存在竞争问题， JFTC曾将相关市场业务规模达到符合内阁令标准的经营者， 称为"指定提供商"，其中就包括。根据JFTC 2025年3月31日发布的公告，苹果公司、其子公司iTunes株 式会社以及谷歌公司均被正式指定为"指定提供商"。 为打破大型科技公司在智能手机应用生态中的主导地位，日本政府正迈出重 ...

Core Viewpoint - Hainan Province Market Supervision Administration is publicly soliciting clues regarding suspected monopolistic behaviors in the livelihood sector from now until the end of December 2025 [1] Group 1: Platform Economy - The scope of the solicitation includes new types of suspected monopolistic behaviors in the platform economy, such as "lowest price on the internet," "self-preference," and "algorithm collusion" [1] - It also addresses abuses of platform rules and algorithms that harm the interests of merchants and new employment forms [1] Group 2: Natural Monopoly - The solicitation covers natural monopoly areas, including public utilities like water, electricity, and gas, focusing on monopolistic behaviors such as refusal to trade, tying, and imposing unreasonable trading conditions [1] Group 3: Pharmaceutical Sector - In the pharmaceutical sector, the focus is on typical monopolistic behaviors such as horizontal monopoly agreements, unfair high pricing, and transaction limitations [1] Group 4: Funeral Services - The funeral services sector is included, with attention to behaviors like unjustified refusal to trade, transaction limitations, tying, and imposing unreasonable trading conditions [1] Group 5: Industry Associations - The solicitation also targets industry associations that organize operators to reach and implement fixed or altered prices, limit production quantities, divide sales markets, or jointly resist transactions [1] Group 6: Other Areas - Other areas of concern include construction materials, civil explosives, and vehicle inspection, which have been highlighted by public feedback as significant issues [1]

Core Viewpoint - The enforcement of antitrust laws in China has expanded to hold individuals accountable for organizing monopolistic agreements, marking a significant shift in regulatory practices and emphasizing the importance of compliance in sensitive industries like pharmaceuticals and energy [1][4][15] Summary by Sections Case Overview and Harm of Monopolistic Agreements - Four pharmaceutical companies were penalized for reaching a monopolistic agreement to fix prices of dexamethasone phosphate sodium raw materials, violating Article 17 of the Antitrust Law [2] - The individual responsible, identified as Guo, was fined 5 million yuan for facilitating this agreement, which is significant as it is the first case post-2022 Antitrust Law revision to hold an individual accountable [2][3] Market Impact and Social Consequences - The monopolistic behavior led to a significant distortion of market competition, affecting the pricing of downstream pharmaceutical products and increasing the financial burden on patients and the national healthcare system [3][4] - The raw material in question is crucial for producing medications used in treating severe COVID-19 cases, highlighting the public health implications of such monopolistic practices [2][3] Enforcement Highlights - This case represents a landmark in antitrust enforcement, as it extends liability to individuals who organize monopolistic agreements, thereby enhancing the legal accountability of market participants [4][6] - The enforcement action against Guo illustrates a shift towards a more comprehensive regulatory approach that targets not just corporate entities but also the individuals orchestrating anti-competitive behavior [4][8] Legal Framework and Implications - The 2022 revision of the Antitrust Law introduced provisions that explicitly prohibit individuals from organizing or assisting in the formation of monopolistic agreements, addressing previous regulatory gaps [9][10] - The case against Guo serves as a critical example of the legal system's ability to adapt and respond to complex market dynamics, particularly in the context of digital economies where traditional enforcement may be challenged [11][12] Economic Perspective - The role of organizers in monopolistic agreements is crucial, as they can significantly lower the costs of collusion and enhance the stability of such agreements, thereby posing a serious threat to market competition [10][11] - By targeting the organizers, the regulatory framework aims to prevent the formation of monopolistic structures before they can cause substantial market harm [11][15]

大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 本 栏目由虎嗅出品。 周末要闻 【网警打谣：传播涉刘国梁不实信息，2人被处罚】 据界面新闻，公安部网安局5月17日消息，近日，一则关于国际乒联第一副主席、WTT世界乒联主席、中国乒 协原主席刘国梁的不实信息在互联网传播，误导大量网民关注和讨论。 据潇湘晨报，5月18日，多名网友反映，17日在贵阳市花果园小区附近发生一起交通事故，一辆小米SU7电动 车在行驶中撞到人，疑似造成人员伤亡。视频显示，现场有人躺在地上，来了多辆警车和救护车。5月18日， 潇湘晨报记者致电贵阳市南明区交警，一名工作人员表示，确有该起事故，人员伤亡情况他得去问一下。随 后，另一名工作人员接线表示，并不了解该事故，不便回应，"具体会有相关部门处理的。" 公安网安部门查明，网民杜某川、汤某在网上恶意传播相关谣言，造成谣言大量传播扩散，影响恶劣。目前， 属地公安机关已依法对杜某川、汤某等2人处以行政处罚。 网络不是法外之地，在网上发布信息必须遵守法律法规，切勿编造、传播不实信息。对于任何造谣、传谣行 为，警方将坚决依法予以打击，绝不姑息迁就 。希望广大网民能 ...