Lawmakers Urge Probe of Amazon's Pursuit of Pentagon Contract 

Republican Sen. Mike Lee and Rep. Ken Buck are pressing the attorney general to investigate potential anticompetitive behavior by Amazon in its pursuit of the JEDI cloud-computing deal ultimately won by Microsoft.

Epic Games CEO Slams Apple's Fees as Unfair on Trial's First Day 

An antitrust trial that could reshape the relationship between software developers and app-store operators got under way, with the videogame company's CEO claiming Apple holds monopoly power.

Infineon Raises Guidance on Strong Chip Demand 

Infineon posted above-forecast second quarter profits and raised its revenue and margin guidance for the year as demand for chips continues to surge.

Saudi Aramco Posts 30% Profits Rise 

Saudi Aramco profits rose by almost a third in the first quarter to $21.7 billion, boosted by a stronger oil market and higher refining and chemicals margins.

Under Armour Paying $9 Million to Resolve SEC Accounting Probe 

The regulator claims the sportswear brand failed to tell investors that it pulled forward orders to meet quarterly targets.

Landmark Opioid Trial Opens in West Virginia 

The trial will be the first test of an argument that the nation's three largest drug distributors fueled an epidemic of addiction.

Blue Health Insurers Drop Revenue Rule That Limited Competition 

Blue Cross Blue Shield Association implements a key aspect of an antitrust settlement the companies reached last year.

Action Network to Be Sold as Sports-Betting Deals Surge 

Denmark's Better Collective, which offers betting tools and media content, said it had agreed to purchase rival Action Network for $240 million.

Berkshire Chooses Greg Abel as Warren Buffett's Successor in CEO Role 

The choice of Mr. Abel to eventually lead Berkshire Hathaway answers a question that had hovered over the firm for decades.

Verizon to Sell Yahoo, AOL for $5 Billion to Apollo 

The wireless company is retreating from the digital-media sector in a deal with the private-equity firm.


(END) Dow Jones Newswires

May 04, 2021 05:15 ET (09:15 GMT)

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