Bloomberg Business

FTC’s Khan Targets Private Equity ‘Roll-Up’ Tactic in Court

Federal Trade Commission Chair Lina Khan is going after a common acquisition strategy for private equity firms, putting the industry on notice with a new lawsuit that US regulators are scrutinizing “roll-up” deals involving small companies that compete in local markets.

DeSantis Close to Getting Iowa Governor’s Endorsement in Blow to Trump

Iowa Governor Kim Reynolds is signaling she is likely to endorse Ron DeSantis for president, a move that would give him the support of a popular conservative leader as he looks to close the gap against frontrunner Donald Trump, according to people familiar with the matter.

Trudeau Says Canada to Keep Working With India Despite Murder Claim

Prime Minister Justin Trudeau said Canada must stand up for the international rules-based order after accusing Indian agents of orchestrating the murder of a Canadian Sikh leader. But he acknowledged India is also a country of “growing importance” that the West — including Canada — must continue to work with.

F-35s Are Rarely Flight-Ready and Repairs Are Too Slow, GAO Says

F-35s are available to fly just 55% of the time, and 73% of replacement parts have to be sent back to suppliers because the Pentagon’s maintenance depots are inadequate, according to a new congressional audit on the troubled upkeep of the fighter jet that is the world’s costliest weapons system.

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