Core Viewpoint - India's competition watchdog has identified that major steel companies, including Tata Steel, JSW Steel, and state-run SAIL, along with 25 other firms, have violated antitrust laws by colluding on steel selling prices, which may lead to significant fines for these companies and their executives [1] Company Summary - Tata Steel, JSW Steel, and SAIL are among the market leaders implicated in the antitrust investigation [1] - A total of 28 firms, including the aforementioned companies, are involved in the alleged price-fixing scheme [1] Industry Summary - The steel industry in India is facing scrutiny due to collusion on pricing, which raises concerns about market competition and regulatory compliance [1] - The findings from the competition watchdog could lead to increased regulatory actions and potential financial penalties within the industry [1]

据国家市场监督管理总局网站12月23日消息，12月23日，市场监管总局依法对浙江省人才发展集团有限 公司(以下简称浙江人才)与浙江省公众信息产业有限公司(以下简称浙江公众)设立合营企业违法实施经 营者集中案作出行政处罚决定。据统计，这是今年市场监管总局依法公开查处的第4起违法实施经营者 集中案件。 调查显示，浙江人才与浙江公众设立合营企业的交易，构成未依法申报违法实施经营者集中。经评估， 该交易不具有排除、限制竞争的效果。两家公司存在主动报告违法实施经营者集中行为、在发现违法事 实后积极整改等情节，依据《中华人民共和国反垄断法》和《违法实施经营者集中行政处罚裁量权基准 (试行)》的规定，市场监管总局依法予以从轻处罚，并根据不同情节进一步下调罚款金额，分别对浙江 人才和浙江公众处以80万元和90万元罚款的行政处罚。 《中华人民共和国反垄断法》第二十六条规定，经营者集中达到国务院规定的申报标准的，经营者应当 事先向国务院反垄断执法机构申报，未申报的不得实施集中。 ...

当地时间12月10日，美股三大指数收高，道指上涨近500点，标普500指数逼近历史最高收盘纪录。在美联储决定今年 再次降息后，交易员押注明年将有更多宽松政策出台。 截至当天收盘，道指涨497.46点，涨幅为1.05%，报48057.75点；纳指涨77.67点，涨幅为0.33%，报23654.16点；标普 500指数涨46.17点，涨幅为0.67%，报6886.68点。 美联储主席鲍威尔在随后召开的新闻发布会上表示，美联储将逐次会议做出决定，货币政策并不存在预定的路径；同 时，他排除了加息的可能性，认为"目前没有人会把加息作为基本预期"。此外，鲍威尔表示，国债购买规模或将在未 来数月维持高位。 美联储再降息25基点 美联储在其为期两天的政策会议结束时批准了又一次0.25个百分点的降息。这是该机构今年连续第三次降息，使联邦 基金利率降至3.50%至3.75%的区间。 此外，美联储表示将自12月12日起购买国库券，未来30天购买400亿美元。美联储"点阵图"显示决策层对2026年利率 的预测中值没有变化。 美联储在其声明中称，其常备隔夜回购操作将不再设定总操作额度上限，并将通过FedTrade Plus交易平台以全 ...

大家好，欢迎关注「墨家君」。石油是近年来世界大国博弈甚至军事冲突的主要因素。美国曾说过：我们为石油而战，但由于美元和石油之间 有着密切的联系，我过去也曾纠正过，这句话并不准确。美国并不是为了石油而战，而是为了美元，而石油只是支撑美元的一个重要资源。然 而，经过我对大量资料的收集和对石油历史的深入了解，我发现，我错了。实际上，美国的战争背后，真正的目的就是为了石油。石油，才是 决定世界秩序改变的关键因素。因此，我精心策划了一系列文章，重新梳理一下历史，探讨一下究竟是什么力量在左右世界的走向。石油巨头 是如何影响全球政治与经济格局的？两次石油危机、两伊战争和海湾战争的爆发背后究竟隐藏着哪些深层原因？我们将从多个角度全方位还原 石油的历史，必定会颠覆很多人的常规认知。这个系列每天会更新两集，强烈推荐给大家。在上一期视频中，我们讲了美国是如何与沙特阿拉 伯结成联盟的，一个民主国家的总统与一个深受迷信影响的国王，为何自称为兄弟双胞胎，他们之间发生了什么样的故事。而本期视频，我们 将继续沿着时间线，讲述美国如何将法国的石油企业逐出沙特，独自占领了这个世界上最大的石油宝藏。下期预告，我们将详细探讨，美国如 何借此开始构建其 ...

特朗普，又有新消息传出！ 当地时间12月6日，美国总统特朗普下令调查美国食品供应链，重点排查可能存在的价格操纵及其他反 竞争行为。据悉，特朗普已要求美国司法部和联邦贸易委员会成立专项工作组。 另外，美国明尼苏达州的系列社会福利诈骗案近日不断曝光，涉案金额已超过10亿美元。特朗普一面抨 击明尼苏达州的索马里移民社区，称其为"垃圾"，宣布取消该州所有索马里难民的临时庇护身份；一面 抨击明尼苏达州民主党籍州长蒂姆·沃尔兹和其他民主党官员失察并涉嫌腐败。 特朗普下令调查 上个月，特朗普已下令调查肉类加工行业，并指责"外资控股的主要企业"导致牛肉价格上涨。当地时间 11月7日，特朗普要求美国司法部就肉类加工公司可能在推高牛肉价格中所起的作用展开调查。特朗普 在社交媒体上指责该行业"通过非法串通、操纵价格和控制价格"导致美国消费者购买牛肉的成本高昂。 他呼吁对此展开调查，重点在于潜在的违反反垄断法的行为。 BBC指出，目前，飙升的牛肉价格已经成为一个政治问题，可能影响特朗普降低美国食品成本的承诺。 根据美国政府10月发布的数据，截至9月份的12个月内，牛肉末的零售价格上涨了12.9%，牛排上涨了 16.6%。一磅牛颈肩绞 ...

Core Viewpoint - The article discusses President Trump's recent actions to investigate the U.S. food supply chain for potential price manipulation and anti-competitive behavior, particularly focusing on foreign companies and the implications of welfare fraud in Minnesota [1][2]. Group 1: Investigation into Food Supply Chain - Trump has ordered the Department of Justice and the Federal Trade Commission to investigate the U.S. food supply chain, specifically looking for price manipulation and anti-competitive practices that have increased costs for meat, seeds, and fertilizers [2]. - The executive order emphasizes that a safe and affordable food supply is crucial for national and economic security, and it highlights concerns over foreign-controlled entities potentially threatening the stability and affordability of the food supply [2][3]. - Recent data shows that retail prices for ground beef rose by 12.9% and steak by 16.6% over the past year, significantly outpacing the overall food inflation rate of 3.1% [3]. Group 2: Welfare Fraud in Minnesota - A series of welfare fraud cases in Minnesota have come to light, with the amount involved exceeding $1 billion, leading to significant political repercussions [4]. - The organization "Feeding Our Future" is implicated in defrauding the federal child nutrition program of over $250 million between 2020 and 2022, using false claims about providing meals to thousands of children [4][5]. - The investigation has led to 87 individuals being charged, with 61 convictions, primarily involving members of the Somali immigrant community in Minnesota [5].

Group 1 - Apple is challenging a new antitrust fine law in India that could result in fines up to $38 billion [2][5] - This lawsuit is the first challenge against the Indian antitrust fine law, which allows the Competition Commission of India (CCI) to calculate fines based on global revenue rather than just revenue within India [4] - Apple claims that the potential fine, calculated at a maximum of 10% of its global revenue over the past three fiscal years, is "arbitrary, unconstitutional, grossly disproportionate, and unjust" [5][6] Group 2 - Since 2022, Apple has been involved in antitrust disputes with Tinder's parent company Match and local Indian startups, with CCI investigating alleged "abusive behavior" in its iOS app market [4] - Apple argues that it is a small player in the Indian market compared to Google Android, which holds a dominant position [6] - According to Counterpoint Research, Apple's smartphone user base in India has quadrupled over the past five years [7]

（图片来源：网络） 出品｜搜狐财经 作者｜李保铭 律师则表示，若该消息为真，美的此举或触发《反垄断法》。不过，律师也表示，触犯该法并非仅凭行为本身，还需满 足两个关键前提。 网传该政策主要针对小米，接近小米的业内人士则告诉搜狐财经，小米内部没有太关注此事。业内人士也解读，此次事 件对小米的影响或有限。 今年以来，家电企业"混战"事件频发，背后既有市场进入存量因素，也与家电行业竞争加剧有关。 消息是真是假？ 近日，网传"美的要求所有售后服务商停止小米和格力业务"，一位业内人士告诉搜狐财经"是真的"，对方还表示是"内部 传递，没有发文"。 不过，一位家电企业区域经理告诉搜狐财经"没有听说过"，也引人思考此次事件是否只是区域性、而非全国性的动作。 他分析："现在的家电市场不敢这么强势，终端销售特别差。"但他也表示，也有可能与相关政策刚出台有关，"估计刚 出，我们还不知道"。 近日，"美的要求所有售后服务商停止小米和格力业务"消息刷屏。 美的方面对此予以否认，但外界传言并未停息。 搜狐财经向多位家电行业人士求证，对于此消息，众说纷纭。有业内人士称传言为真，也有人表示仍未收到相关消息。 但业内人士对此政策合理性提出疑问 ...

据路透社报道，代表55位中国iPhone和iPad用户的王琼飞律师表示，已向市场监管部门举报苹果滥用其市场支配地位，涉嫌违反中国《反垄断法》，行为包括强制消费者必须通过苹果的“应用内购买”（In-App Purchase）系统购买数字商品；限制应用仅能通过App Store下载；以及对应用内购交易收取高达30%的佣金。 ...

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Report Core View - The report focuses on tin, highlighting the need to pay attention to macro - level impacts. The trend strength of tin is rated as 1, indicating a neutral stance [1][5]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - **Futures and Spot Market Data**: - For the Shanghai Tin main contract, the yesterday's closing price was 286,350 with a daily decline of 0.26%, and the night - session closing price was 280,830 with a decline of 2.63%. The trading volume was 105,146, an increase of 26,165 from the previous day, and the open interest was 34,660, a decrease of 288 from the previous day. The inventory was 5,809, a decrease of 42 from the previous day [2]. - For the LME Tin 3M electronic disk, the yesterday's closing price was 35,350 with a decline of 3.99%. The trading volume was 180, a decrease of 9 from the previous day, and the open interest was 13,988, an increase of 53 from the previous day. The inventory was 2,410, an increase of 20 from the previous day, and the cancelled warrant ratio was 6.57%, a decrease of 0.38% from the previous day [2]. - The SMM 1 tin ingot price was 284,200, an increase of 7,000 from the previous day; the Yangtze River Non - ferrous 1 tin average price was 288,600, an increase of 5,000 from the previous day. The LME tin (spot/three - month) spread was - 62, a decrease of 5 from the previous day [2]. - The spread between the nearby contract and the consecutive first contract was 91,110, unchanged from the previous day; the spread between the spot and the futures main contract was 1,510, a decrease of 8,380 from the previous day [2]. - **Industrial Chain Price Data**: - The price of 40% tin concentrate in Yunnan was 272,200, an increase of 7,000 from the previous day; the price of 60% tin concentrate in Guangxi was 276,200, an increase of 7,000 from the previous day [2]. - The price of 63A solder bar was 191,750, an increase of 4,500 from the previous day; the price of 60A solder bar was 183,750, an increase of 4,000 from the previous day [2]. 3.2 Macro and Industry News - China's Ministry of Commerce stated that China's export controls on rare earths and other items are not a ban on exports, and hopes that the US will correct its mistakes and engage in dialogue and negotiation [3]. - The State Administration for Market Regulation launched an antitrust investigation into Qualcomm, stating that the facts are clear and the evidence is conclusive [3]. - The list of candidates for the Fed Chair has been narrowed to five, and a BlackRock executive impressed someone. Fed Governor Waller is concerned about the job market and is open to a 25 - basis - point rate cut [3]. - The White House announced permanent layoffs in the Trump administration for the first time in modern US history [3]. - The release of the US September CPI report is scheduled for October 24, 9 days later than originally planned [3]. - Japan's ruling coalition has broken up, with Komeito announcing it will no longer form a coalition with the Liberal Democratic Party and rejecting support for Sanae Takaichi as Prime Minister [4].