Lina Khan, the chair of the US Federal Trade Commission (FTC), was reportedly among thousands of guests staying at one of the MGM hotels in Las Vegas as MGM Resorts International suffered a massive hacking, leading to the shut down of its slot machines and ATMs amid website outages.
In another push to its India manufacturing dream, Apple maker Foxconn is all geared to start the local production of the next-generation of iPhone 15 at its Sriperumbudur facility in Tamil Nadu faster than ever, as the company doubles down on the ‘Make in India’ initiative.
Lina Khan-run US Federal Trade Commission (FTC) is reportedly set to file a major antitrust lawsuit against Amazon, focused on the e-commerce giant’s core online marketplace and how it uses its power to favour merchants that use its logistics services. The FTC is preparing the lawsuit, accusing Amazon of “leveraging its power to reward online merchants that use its logistics services and punish those who don’t,” Bloomberg reported.
The shares of FedEx Corp, led by Indian-origin CEO Raj Subramaniam, jumped the most in nine months beating Wall Street’s earnings estimate in the third quarter.