🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

EU's Vestager to meet Big Tech CEOs in the US next week

Published 05/01/2024, 11:58
Updated 05/01/2024, 21:51
© Reuters. FILE PHOTO: Executive Vice-President of the European Commission Margrethe Vestager and Danish film director Thomas Vinterberg (not pictured) meet at the Heartland Festival in Kvaerndrup, Denmark, June 9, 2023. Ritzau Scanpix/Helle Arensbak via REUTERS/Fil
GOOGL
-
AAPL
-
NVDA
-
AVGO
-
PANW
-

By Foo Yun Chee

BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager will meet the chief executives of Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Broadcom (NASDAQ:AVGO) and Nvidia in the United States next week, her communications advise said on Friday.

The meetings come a month after Vestager resumed her job following her failed bid to head the Luxembourg-based European Investment Bank, with antitrust experts expecting her to show a tougher line towards companies in both merger and competition investigations.

Vestager will meet Apple CEO Tim Cook, Alphabet CEO Sundar Pichai and its chief legal officer Kent Walker, Broadcom CEO Hock Tan and Nvidia CEO Jensen Huang in San Francisco and Palo Alto (NASDAQ:PANW) on Thursday and Friday, her adviser Christina Holm Eiberg said.

She will also meet OpenAI Chief Technology Officer Mira Murati and its Chief Strategy Officer Jason Kwon.

The meetings will focus on European digital regulation and competition policy.

The meeting with Cook comes as the iPhone maker last year offered to let rivals access its tap-and-go mobile payments systems used for mobile wallets in an effort to settle Vestager's investigation and stave off a possible hefty fine.

The European Commission is likely to seek feedback from rivals and customers this month although a final decision has not been made, people familiar with the matter told Reuters last month.

© Reuters. FILE PHOTO: Executive Vice-President of the European Commission Margrethe Vestager and Danish film director Thomas Vinterberg (not pictured) meet at the Heartland Festival in Kvaerndrup, Denmark, June 9, 2023. Ritzau Scanpix/Helle Arensbak via REUTERS/File Photo

Vestager's meeting with Alphabet on Jan. 11 is the same day an adviser to Europe’s top court is scheduled to offer a non-binding recommendation on whether judges should accept or reject Alphabet unit Google's appeal against a 2.42-billion-euro ($2.6 billion) EU antitrust fine imposed for market abuse related to its shopping service.

($1 = 0.9164 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.