#Federal judge blocks .8B merger of Spirit, JetBlue

#Federal judge blocks $3.8B merger of Spirit, JetBlue

A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion purchase of Spirit Airlines, arguing it would reduce competition and hurt consumers. In a court filing Tuesday, U.S. District Judge William Young said the acquisition, which would have made JetBlue the fifth-largest airline, would “substantially lessen competition” in violation of the Clayton Act, which…

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#Scandinavia is boosting its defense spending even as Sweden’s NATO entry is stalled

#Scandinavia is boosting its defense spending even as Sweden’s NATO entry is stalled

After a needless two-month delay, the Turkish Grand National Assembly’s Foreign Affairs Committee finally approved Sweden’s application for NATO membership earlier this week. But Fuad Oktay, the committee’s chairman, made it clear that full parliamentary ratification was still some time away. Since the parliament, like the committee, is controlled by President Recep Tayyip Erdogan’s AK…

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