Hawley’s proposal would blow up that structure, relegating the FTC to becoming a division of the DOJ and transferring all antitrust and merger review authority to the DOJ’s Antitrust Division. Under the current antitrust enforcement structure, the FTC and DOJ Antitrust Division go through a process known as clearance in which each agency signs off on the other taking on a particular case. Last year, the heads of the FTC and the DOJ Antitrust Division admitted to Congress that they had argued ove

Annegret Kramp-Karrenbauer, the leader of Germany’s Christian Democratic Union (CDU) and the expected successor of Angela Merkel, will not run for chancellor, according to party sources. The announcement was also reported by other German media outlets including newspapers Der Spiegel, Frankfurter Allgemeine Zeitung, Handeslblatt and Die Welt. The announcement throws the CDU’s political future, and that of Europe’s largest economy, into doubt once Merkel steps down from the chancellorship in 2021

If you’re taking a back seat on Tesla after its whirlwind of a week, there’s another auto stock that you might want to watch. “Neither of these stocks are showing much promise,” Baruch said Friday on CNBC’s “Trading Nation,” “but Ford is showing less to no promise.” It missed earnings,” Baruch said. “You do not need to be trading Tesla despite what the headlines tell you or what people on Twitter are telling you,” Baruch said. “This is trading at Amazon-like prices, and people who are really, re

Workers preparing the Wuhan International Conference and Exhibition Center on February 4, 2020 in Wuhan, China. The coronavirus has killed two foreigners in China — a U.S. citizen and a Japanese national, the country’s Ministry of Foreign Affairs said on Monday. That brings the total confirmed cases in mainland China to 40,171 including 908 deaths, the government said. The U.S. citizen diagnosed with the new coronavirus died in Wuhan, China on Thursday, the U.S. embassy said in a statement to CN

Tesla Inc CEO Elon Musk takes off his coat onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Shares of Tesla climbed as much as 9% in premarket trading on Monday, back above the $800 level it hit amid last week’s wild swing. Tesla’s Shanghai factory has been closed as the Chinese government looks to contain the coronavirus epidemic that has killed more than 900 people. The stock looks likely to continue its wild speculative trading, as the Shan

Samsung showed off a new concept for a foldable phone at its developer conference on October 29, 2019. More details on the company’s second foldable phone, which does not have an official name yet, is likely to be released then. Samsung revealed its new foldable phone in a television commercial during the Academy Awards. The Galaxy Fold was due to launch in April 2019 but kept breaking for some users. From the ad, the new folding phone appears to open upwards rather than outwards like the Galaxy

Tedros Adhanom, Director General of the World Health Organization, (L) shakes hands with Chinese President Xi Jinping before a meeting at the Great Hall of the People, on January 28, 2020 in Beijing, China. Naohiko Hatta – Pool | Getty ImagesChinese President Xi Jinping has been visibly missing in action in Wuhan, the epicenter of the new coronavirus outbreak, spurring talk about his control from a distance in Beijing. Instead, Xi dispatched his second-in-command, premier Li Keqiang to Wuhan on

The Iowa Democratic Party on Sunday allocated delegates based on the results of last week’s Iowa caucuses, giving former South Bend, Indiana, Mayor Pete Buttigieg the largest delegate count, followed closely by Sen. Bernie Sanders, I-Vt. Those delegate allocations are based on the revised results from the caucus that the party collected. Iowa Democratic caucus results are not actual votes cast. The reporting totals from Iowa have been put out, in fits and spurts, by the Iowa Democratic Party ove

U.S. government debt prices were lower Monday morning ahead of President Trump’s new budget proposal. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.5903%, while the yield on the 30-year Treasury bond was also higher at around 2.0524%. The death toll from the outbreak has reached 908 in mainland China and the total number of confirmed infections has hit 40,171 across the country. Businesses are still being affected by the outbreak tho

U.S. stock index futures were muted Monday morning as investors assess the impact of the coronavirus outbreak in China. ET, Dow futures were 20 points higher and indicated an implied positive open of more than 8 points, while futures on the S&P 500 and Nasdaq were also marginally higher. Stocks had fallen on Friday to snap a four-day winning streak as fears over the economic impact of the virus quashed upward momentum from strong U.S. jobs data, which saw 225,000 jobs added in January against an

That honor was a three-way tie between Disney, Sony and South Korea’s CJ Entertainment — each taking home four trophies. Disney had the second-most nominations with 22 and won for best animated feature, best adapted screenplay, best film editing and best sound editing. “Toy Story 4” won the best animated feature prize, winning over “Missing Link,” which won the Golden Globe in January, and “Klaus,” which took home the BAFTA for best animated feature film last week. It is also the second film in

Shares of Hong Kong-listed restaurants tumbled on Monday, with Chinese hotpot chain operators such as Haidilao and Xiabuxiabu leading declines. Another Chinese hotpot restaurant chain operator, Xiabuxiabu Catering Management, also plunged 5.41%. “Restaurant operators and hotel operators stocks will continue to slide,” said Wong, who is executive director of research at the firm. Haidilao shares were hovering at about 31 Hong Kong dollars on Monday, 2:50 p.m. HK time. Hong warned that the stock c

That is a remarkable development, indicating that, at the current level of labor supply, we have a fully-employed economy. Predictably, the steady growth of labor demand has led to increasing income gains. In the course of last year, China’s surplus on goods trade with the U.S. was cut 17.6%. That is a 5% increase from 2018 and an amount accounting for nearly 30% of America’s total deficit on goods trade. Of all the industrialized economies, the U.S. is arguably the only one to have such a wide

Pork prices in China surged 116% in January from a year ago, accelerating from December’s 97% increase, official government data showed on Monday. That drove the country’s food prices up by 20.6% in January compared to a year ago, and helped push overall consumer inflation to 5.4% over the same period, according to data from the National Bureau of Statistics of China. Analysts polled by Reuters had forecast a 4.9% year-on-year rise in consumer prices. China’s pork prices have been climbing on th

Russian President Vladimir Putin (R) shakes hands with Venezuelan President Nicolas Maduro during their meeting at the Kremlin in Moscow on September 25, 2019. However, she noted that “Russia’s economic involvement in Venezuela, unlike China’s, has paled against its political investment in securing the survival of the Maduro regime.” Russian President Vladimir Putin (R) and Russian Foreign Minister Sergey Lavrov (L). Russia’s President Vladimir Putin (R) and Saudi Arabia’s Crown Prince Mohammed

Sinn Fein President Mary Lou McDonald speaks to members of the media as she canvasses for support in Dublin on February 6, 2020, ahead of the February 8 General Election. Many of his senior cabinet colleagues from Fine Gael faced their own uncertain races in their respective constituencies, and still others lost their seats. “It’s unprecedented in many ways,” says O’Leary, who has studied the dynamics of power-sharing in Ireland for decades. Mary Lou McDonald, head of Sinn Fein, has implied she

European markets traded slightly lower on Monday amid ongoing concerns around the coronavirus outbreak in China. Asian stocks declined on Monday as investors monitored the economic impact of China’s coronavirus epidemic. Reuters reported on Monday that Sinn Fein, Fianna Fail and Fine Gael appeared to be closely tied in provisional polls, with Sinn Fein taking a slight lead. In corporate news, German newspaper Handelsblatt reported on Sunday that German carmaker Daimler planned to cut up to 15,00

Even if businesses were up and running again, their workers would still have to fulfill quarantine requirements of around two weeks. Shutdowns further extendedLast week, more than 20 provinces and other regions told businesses to not resume work before Feb. 10 at the earliest. It’s uncertain whether factories could resume production this week amid local quarantine efforts and traffic controls. “It’s uncertain whether factories could resume production this week amid local quarantine efforts and t

For the first time in years, a commercial passenger plane has flown across the Atlantic in less than five hours. A British Airways flight landed early Sunday morning at Heathrow Airport in London after leaving John F. Kennedy International Airport in New York just four hours and 56 minutes earlier. The recent average flight time between New York and London is 6 hours and 13 minutes, according to Flightradar24. British Airways just narrowly beat out a Virgin Atlantic flight, which arrived in Lond

The number of those who have died from the Wuhan coronavirus, known as 2019-nCoV, in China has climbed to 813. 3:28 pm: China says two foreigners have died from the coronavirus, others undergoing treatmentThe coronavirus has killed two foreigners, a U.S. citizen and a Japanese national, China’s Ministry of Foreign Affairs said Monday. On Sunday, Japan’s health ministry said that of the 336 people tested to date, 70 were confirmed to have the coronavirus. — Lee12:02 pm: LPGA cancels Singapore, Th