🇪🇺📶⚖️ EU Seeks Feedback on Merger Rule Overhaul Amid Telecom Push for Innovation Weight 🔹 Summary: The European Commission has launched a public consultation on revamping EU merger rules, aiming to better factor in innovation, investment, and resilience, as telecom providers push for greater merger flexibility. Despite telecom lobbying, national regulators warn that reducing competitors could harm service quality, innovation, and security, setting up a regulatory clash before the September 3 feedback deadline. 🔹 Key Points: • EU seeks input on 7 areas: competitiveness, market power, innovation, decarbonization, digitalization, efficiencies, defense, and labor. • Telecom firms argue merger rules undervalue innovation benefits and stifle needed sector investment. • National watchdogs from Austria, Belgium, Ireland, and others oppose loosening rules, citing risks to quality, coverage, and resilience. • EU antitrust chief Teresa Ribera says the goal is to modernize policy for today’s geopolitical and market realities. • Major shifts are unlikely, as EU merger rules have long had European Court backing and only incremental tweaks since 2004. @CMEActiveTrader Tickers Of Interest: $6E $6J $ES $NQ $ZN Tickers Of Interest: $VOD $ORAN $TEF $DTEGY $USD $EUR $SPY $QQQ $EFA $VGK $XLC $XLK $XLI
⚠️ EU seeks feedback on merger rules revamp amid pressure from businesses - Reuters on Full Story →
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.