March 25, 2022, 4:00 PM

Top News

Daniel Michaels / Wall Street Journal:
The EU and US reach a preliminary deal to store data about Europeans on US soil, after the EU declared the previous pact illegal in 2020  —  Agreement could assuage concerns of companies with operations on both sides of the Atlantic  —  BRUSSELS—The U.S. and the European Union reached …
Samuel Stolton / Politico:
EU lawmakers provisionally agree on the DMA, which mandates messaging service interoperability, limits bundling services, prohibits self-preferencing, and more  —  The European Union today adopted landmark rules clamping down on anti-competitive abuses by the world's largest technology platforms …
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Javier Espinoza / Financial Times:
Apple and Google criticize the newly unveiled Digital Markets Act that will force companies designated as gatekeepers to open up their platforms to competitors  —  Apple and Google criticise newly unveiled Digital Markets Act that will force a radical overhaul of their global operations
Russell Brandom / The Verge:
New York Times:
The DOJ charges four Russian officials for alleged hacking campaigns from 2012 to 2018 on critical US infrastructure, including a Kansas nuclear power plant  —  The announcement covered hackings from 2012 to 2018, but served as yet another warning from the Biden administration of Russia's ability to conduct such operations.
Instacart says it has voluntarily cut its valuation to ~$24B to boost recruiting and retention; Instacart was valued at $39B during its latest raise last March  —  Instacart Inc. is slashing its valuation by almost 40% to about $24 billion, a move it says will help the company attract talent and adapt to market conditions.
Naureen S Malik / Bloomberg:
Sources: Exxon is running a pilot to use excess natural gas from North Dakota oil wells to power crypto mining and is considering expanding the test globally  —  Exxon Mobil Corp. is running a pilot program using excess natural gas that would otherwise be burned off from North Dakota oil wells …
David Gilbert / VICE:
A look at Lantern, a company backed by the US' Open Technology Fund that has spent the last two years building a peer-to-peer network to bypass Russian censors  —  Backed with funding from the U.S. government's Open Technology Fund, Lantern has spent two years building a peer-to-peer network inside Russia.
Amitoj Singh / CoinDesk:
Indian parliament approves a 30% capital gains tax on crypto transactions, in effect starting April 1  —  Amendments sought by the crypto industry were not accommodated, and the policies will go into effect on April 1.  —  Indians will begin paying a capital gains tax of 30% on crypto transactions …
Juro Osawa / The Information:
Sources: Sequoia China, whose portfolio includes ByteDance and online fashion startup Shein, is in early talks to raise $8B+ across four new funds  —  The Chinese affiliate of Sequoia Capital, whose vast portfolio includes TikTok owner ByteDance and online fashion startup Shein …

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