Comply

Elon Musk ordered to testify in SEC’s probe of $44 billion Twitter takeover – will he comply?

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Krakow, Poland – A federal judge has ordered Elon Musk, the CEO of SpaceX, X (formerly known as Twitter), and Tesla, to testify again in the U.S. Securities and Exchange Commission’s probe of his $44 billion takeover of Twitter. The judge gave the regulator and Musk a week to agree on a date and location for the interview. The SEC sued Musk in October to compel him to testify as part of an investigation into …

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TikTok Rejected by EU Court for Interim Measure, Forced to Comply with Strict Digital Markets Act Rules

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Brussels, Belgium – In a recent development, TikTok’s attempt to delay the EU’s designation of it as a “gatekeeper” has been dismissed by the EU’s General Court. The designation pertains to companies with platforms so powerful that they must comply with strict Digital Markets Act antitrust rules. The court rejected owner ByteDance’s request for an interim measure, stating that the company “failed to demonstrate the urgency” required. Although TikTok is appealing the EU’s gatekeeper designation, …

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