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Brussels Warns of ‘Mortal Danger’ for EU Car Industry — But Skips the Part About Who Pulled the Trigger
Business

Brussels Warns of ‘Mortal Danger’ for EU Car Industry — But Skips the Part About Who Pulled the Trigger

Stéphane Séjourné, the European Commission’s executive vice-president for industry, told the European Parliament this week that Europe’s car industry is in “mortal danger.” That’s not language officials reach for over a rough quarter. He means the kind that closes factories, hollows out towns, and ends careers. But sit through the full debate — not just the clip — and a different picture emerges. This isn’t really about China. It’s about what happens when an entire industry gets outmaneuvered on cost, speed, and strategy by a rival it spent a decade dismissing — while its own regulators wrote rules that made the dismissal affordable.

Nexstar Strikes Back Against $6.2B Tegna Merger Injunction, Accuses DirecTV and State AGs of ‘Cynical’ Political and Commercial Maneuvering
Business

Nexstar Strikes Back Against $6.2B Tegna Merger Injunction, Accuses DirecTV and State AGs of ‘Cynical’ Political and Commercial Maneuvering

A federal judge’s April injunction blocking Nexstar’s $6.2 billion acquisition of Tegna has drawn a blistering response from the Texas-based broadcaster, which on Wednesday filed a 50-page appeal brief accusing DirecTV and a coalition of state attorneys general of using antitrust claims to advance their own agendas. Nexstar argues the nationwide freeze is overbroad and ignores that alleged harms are limited to just 31 of 210 TV markets, while the company faces fierce competition from far larger players in a rapidly changing media landscape.