EU Puts Big Tech in Hot Seat & NBA Champs For Sale?

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 2 July 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 356: Neal and Toby dive into the EU’s latest campaign against Big Tech, namely Meta and Apple, alleging these companies are stifling competition in Europe. Then, the Boston Celtics are just coming off an NBA championship, but that doesn’t stop the owners from selling the team. Plus, the FTC is looking into ‘junk’ patents from pharmaceutical companies meant to prevent generic drug makers from cutting into their business. Meanwhile, Roaring Kitty is at it again, this time making movements for Chewy.com. Next, Toby examines the trend of ‘romantasy’ novels that are flying off the shelves. Lastly, China might have a way around high US tariffs: golf carts. Get your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Good morning Brew Daily Show.
0:03.6	I'm Yule Freiman.
0:04.6	And I'm Toby Hell.
0:05.6	Today, the EU penalizes another American tech company
0:09.7	as its heavy-handed regulations stifling innovation,
0:12.6	then the Boston Celtics ownership group
0:14.7	is selling the team because it's better to go out of Hero
0:17.5	than stick around and become James Dolan.
0:19.9	It's Tuesday, July 2nd.
0:21.8	Let's ride.
0:23.4	Yesterday, the nine justices on the Supreme Court
0:30.3	left for summer vacation, but not before going out with a bang that will
0:34.2	echo across the country. In a six to three opinion along ideological lines
0:38.9	SCODAS decided that former President Trump has some immunity from criminal charges
0:44.0	that he tried to overturn the 2020 election results.
0:47.0	It was a first of its kind opinion.
0:49.0	The court ruled that the former president can be shielded from prosecution for actions that are core to the
0:54.1	role as president, aka official acts, such as commanding the armed forces, but not for unofficial
0:59.6	actions as individuals.
1:01.2	The three dissenting liberal justice were outraged.
1:04.4	They argued this expansion of presidential powers would send the country back to a time before
1:08.9	July 4th, 1776, and they said their colleagues had elevated the president into a king above the law.
	...

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