Trade

Microsoft-Activision deal to be reviewed by Federal Trade Commission

Microsoft Corp.’s proposed acquisition of Activision Blizzard Inc. will be reviewed in the U.S. by the Federal Trade Commission, placing the fate of the roughly $75 billion deal in the hands of an agency whose leader has questioned acquisitions by powerful technology companies.

Biden presses China to fulfill Trump Phase 1 deal

President Biden pressed Chinese President Xi Jinping to fulfill his predecessor’s phase one trade deal, during a virtual meeting between the two leaders on Monday evening, senior officials said.

FTC begins looking into Facebook disclosures

Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s internal company research had identified ill effects from its products, according to people familiar with the matter.