JPMorgan Chase is significantly expanding its global shareholder engagement and M&A capital markets group by hiring Duncan Herrington and Lyndon Park as managing directors. This move comes as corporations face mounting pressure from activist investors demanding changes. The expansion marks the largest growth of the team in a decade, reflecting the increasing importance of activism…

Microsoft is facing significant unrest among its employees due to its involvement in Israel’s military operations in Gaza. Protests erupted during a recent anniversary event, with employees expressing their discontent over the company’s AI and cloud services being used in the conflict. Mustafa Suleyman, an AI executive, was interrupted by protesting employees, leading to their…

Following a significant email breach, JPMorgan, BNY Mellon, and Bank of America are reassessing their data transmission methods to the Office of the Comptroller of the Currency (OCC). The breach, described as a “major incident” by the OCC and U.S. Treasury, allowed hackers access to over 100 accounts within the OCC’s email system, potentially compromising…

Meta chief executive Mark Zuckerberg is currently in federal court for the second day of a significant antitrust trial in which the Federal Trade Commission (FTC) alleges that Meta has illegally monopolized the social media market. During his testimony, Mr Zuckerberg engaged in a heated exchange with FTC attorney Daniel Matheson regarding emails he wrote…

The Federal Trade Commission has said that Meta’s acquisitions of Instagram and WhatsApp helped give it “monopoly power” and the company’s anti-competitive conduct had harmed consumers. The FTC argues that Meta’s purchases of Instagram and WhatsApp are “killer acquisitions” that prevented those companies from competing. If the FTC prevails, Meta may be forced to divest…

The Information reports that Google has laid off hundreds of employees in its platforms and devices unit, which works on the Android software, Pixel phones and the Chrome browser. The cuts follow the company’s January buyout offers to the unit’s employees. “Since combining the Platforms and Devices teams last year, we’ve focused on becoming more…