Catalysts for Apple, Alphabet, GSK, and Visa

A Supreme Court ruling on First Amendment shields for Alphabet, Meta and other big-tech platforms, a liability verdict in the Justice Department’s antitrust case v. Google, and a hearing on a proposed $30 billion class settlement between Visa, Mastercard, credit card issuers and merchants are June catalysts to watch. In this litigation and policy outlook episode of Bloomberg Intelligence’s Votes and Verdicts podcast, host Elliott Stein, BI financials litigation analyst, discusses these and other catalysts with BI colleagues. Apple could get a ruling on its plan for compliance with the injunction in Epic v. Apple. The SEC’s private-funds rule likely gets struck down and key rulings in GSK Zantac litigation and a suit challenging the CFPB credit-card late-fee rule are also discussed. The team also talk about legislation that would exempt oncology therapies from AstraZeneca, Roche and AbbVie from IRA price cuts. In telecommunications, they analyze plans to extend the Affordable Connectivity Program and its $6-$7 billion subsidy for 2024. And finally, they consider proposed crypto legislation.See omnystudio.com/listener for privacy information.