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slash Wall Street.

The FTC opens an antitrust probe into one of Microsoft's latest AI deals.

Plus, Canadian border agents threaten to strike in a move that could trip up trade.

And the European Central Bank prepares to cut interest rates for the first time

since the pandemic. It comes on top of a string of data releases that show the economy is already

picking up so you think things are

beginning to look good again after a few years that were pretty grim, then you

think that this reduction in borrowing costs will give that a further boost.

It's Thursday, June 6th.

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News.

The top headlines and business stories moving your world today.

We are exclusively reporting that the Federal Trade Commission is investigating whether Microsoft structured one of its latest deals with an AI startup

to avoid an antitrust review.

Back in March, Microsoft hired Inflection AI's co-founder and almost all of its employees, as well as agreeing

to pay the startup around $650 million as part of a licensing fee to resell its technology. Companies are required to report

acquisitions valued at more than a hundred and nineteen million dollars, but

inflection says it hasn't been acquired by Microsoft.

So the FTC is interested in whether Microsoft basically

created a deal that would give it control of inflection AI

...