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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 07, 2016
Page
8
President elect Trump questions a $4 billion estimate for the Air Force One program and cites Boeing as seeking excessive profits while Boeing defends a $170 million contract. The piece notes cost pressures, ongoing reform talks, and market reactions as analysts weigh potential political interference.
The Monday antitrust trial story on Aetna and Humana corrected a misstatement about Medicare Advantage coverage. The merged company would cover more than 4.1 million seniors under Medicare Advantage.
President-elect Donald Trump says SoftBank Group will invest about 50 billion dollars in the U.S. economy and create 50,000 jobs after a 45 minute talk with SoftBank CEO Masayoshi Son at Trump Tower. The move boosts Sprint tied to a possible Sprint T-Mobile merger and ties to a broader 100 billion dollar tech fund.
The Justice Department filed a settlement to approve Alaska Air Group's 2.6 billion acquisition of Virgin America while requiring Alaska to scale back its codeshare with American Airlines on about 20 routes. The deal covers two thirds of Virgin's network, preserving competition and keeping fares lower. Alaska CEO Brad Tilden welcomed the shift as clearing the merger to expand service and grow customers. Acting Antitrust Chief Renata Hesse said the settlement preserves competition against larger carriers.
The Supreme Court weighs how to balance design patents against full product profits in the Apple versus Samsung dispute. A 2012 ruling forced Samsung to surrender profits from accused devices, and the court now reviews the proper test for calculating design patent damages, potentially reshaping tech industry incentives.
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