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The Intelligence from The Economist

Antitrust, the process: America’s competition cops

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 29 June 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

This week’s court battle involving Microsoft and Activision, giants of tech and gaming, reflects a sea change under way in America’s trustbusting machinery; it may not go as far as the top competition cop might like. A boom in China’s post-pandemic economy now seems to be sputtering (11:29). And a paean to the Tayto crisp—cheese-and-onion flavour, naturally (18:29).


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Transcript

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0:00.0

Financial markets are more complex than ever. That's why Goldman Sachs is

0:04.5

harnessing the power of its global analysis to break down the key factors

0:08.5

driving the markets and the economy each week. We'll be speaking with Goldman

0:13.0

Sachs' team of global economists, financial analysts, and investors to help

0:17.6

you prepare for the week ahead. Join us every Friday for just 10 minutes or

0:21.8

less. Listen to the markets. Your go-to source for un-missable financial insights.

0:30.0

Hello and welcome to the intelligence from the economist. I'm Orre Ogambi. And I'm

0:38.9

Jason Palmer. Every weekday we provide a fresh perspective on the events

0:43.1

shaping your world. China was one of the last countries to abandon

0:50.2

pandemic lockdowns. And investors and analysts alike were waiting anxiously for

0:55.4

its recovery. The comeback came but things aren't going quite the way that

1:00.1

many expected. And what's the best possible fate for a potato? Our correspondent

1:07.6

argues passionately that the answer is a crisp, a potato chip, and not just any

1:12.5

crisp, a particular flavor of a particular Irish brand.

1:25.4

First up though.

1:32.4

A pitched battle is playing out in an American court this week. This isn't the

1:42.4

sound of it. That's the trailer for a wildly popular video game named Call of Duty.

1:51.7

Perhaps the shoot-em-up game of all time. It's raked in billions of dollars for

1:57.2

its maker Activision Blizzard, a gaming galaïth that Microsoft, the tech

2:01.6

giant behind Xbox consoles, is keen to buy. So why are the two firms in court?

2:07.1

The FTC has asked for a temporary restraining order to block the $69 billion

2:13.3

merger. The battle between the FTC and Microsoft rolls on. So this really could

...

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