Antitrust

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Spirit’s Collapse Casts Shadow Over US Budget Airline Sector

Spirit Aviation Holdings Inc., the Dania Beach, Florida, company both loved and reviled for its no-frills pricing, died on May 2. It was 43 years old.

By Leah Nylen

Germany’s Reiche Tells EU to Avoid Harming Exports to China

German Economy Minister Katherina Reiche said the European Union should ensure that any measures it applies on Chinese trade don’t harm the bloc’s exports to the country.

Akzo Nobel Rejects €12.5 Billion Offer From Nippon Paint

Akzo Nobel NV has rejected a cash offer from Japanese peer Nippon Paint and US paintmaker Sherwin-Williams Co. that would break up the business, and will press on with plans to merge with US firm Axalta Coating Systems Ltd.

ByteDance Weighs Capex of as Much as $70 Billion in AI Push

ByteDance Ltd., the developer of TikTok and a leading force in artificial intelligence, is considering increasing its capital spending to more than double last year’s in a bid to lead the Chinese AI market and challenge the top US players abroad.

Volvo Car Avoids US Ban on Connected Vehicles Tied to China

The Trump administration reached an agreement with Volvo Car AB that will allow the automaker to avoid a US ban on connected vehicles tied to China.

EU Firms Warm to China Even as Tensions Spiral Over Export Surge

European firms in China are turning more upbeat about their business outlook, a new survey found, just as Brussels appears poised to take action against a swelling trade imbalance with Beijing.

Fireworks AI In Talks for Funding at $15 Billion Valuation

Fireworks AI, a startup that helps companies run artificial intelligence models, is in talks to raise a new round of funding that would value the company at $15 billion, according to people familiar with the matter.

Greer to Start Process Shortly to Form China Board of Trade

US Trade Ambassador Jamieson Greer said his agency would issue a notice in the Federal Register “shortly” to seek public comments on a Board of Trade with China, a formal step to establish a new mechanism to manage economic relations between the two nations.

Zillow Reclaims Listing Data After Chicago Group Cuts Access

Zillow Group Inc. temporarily won back its longstanding access to data for thousands of residential real estate listings in the Chicago area after a federal judge ordered a local group to stop withholding the information.