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In 2025, price watchdog Stefan Meierhans will scrutinize major internet platforms and UBS, following a record 800 cases in 2024. He aims to address market power abuses and rising costs affecting consumers, particularly in healthcare and energy sectors, while securing CHF 120 million in fare reductions.
In 2025, Stefan Meierhans, the Swiss price watchdog, will focus on major internet platforms and UBS, following a record 800 cases handled in 2024. He aims to investigate pricing models amid rising market power of digital platforms and the impact of UBS's merger with Credit Suisse on corporate clients. Meierhans has successfully negotiated significant fare reductions and systemic adjustments in healthcare and energy sectors, emphasizing the need for efficiency before price increases are passed to consumers.
In 2024, Stefan Meierhans handled over 800 cases, focusing on major internet platforms and UBS, amid rising costs for Swiss households. He urged public sector restraint on price increases and emphasized analyzing digital pricing models, while achieving significant reductions in public transportation and postal service costs.
In 2024, the Price Supervisor, Stefan Meierhans, processed over 800 cases, focusing on major internet platforms and UBS due to significant consumer complaints, particularly in healthcare, energy, and online shopping. Efforts led to a reduction of 120 million francs in planned tariff increases for postal services and public transport, alongside successful negotiations with Swisscom and gas operators. Systemic adjustments in health and energy sectors are also underway, aiming for further price reductions by 2026.
Elon Musk's SpaceX is vying for a $2.4 billion FAA contract, potentially replacing Verizon, amid concerns over conflicts of interest due to Musk's dual role as CEO of SpaceX and his ambiguous position in the Trump administration. Critics warn that if the government fails to address these conflicts, it could lead to lawsuits from competitors claiming unfair advantages. While Musk has criticized the FAA's current technology, experts assert that airline safety is not in crisis and modernization efforts are ongoing.
Elon Musk mistakenly accused Verizon of jeopardizing U.S. air safety, claiming it operated the FAA's communications system, which is actually managed by L3Harris. After correcting his statement, Musk highlighted concerns over the FAA's aging systems, while Verizon clarified its role in a multi-year contract to replace them. The FAA is also testing Starlink terminals to enhance reliability in remote areas, amid ongoing discussions about a potential contract shift from Verizon to Musk's company.
Elon Musk has raised alarms about the imminent collapse of a critical air traffic control system, warning that the FAA's potential cancellation of a $2.4 billion contract with Verizon in favor of Starlink could jeopardize air traveler safety. This comes amid significant staff reductions at the FAA and concerns over conflicts of interest as Musk's companies gain influence over federal aviation operations. Former FAA officials have expressed apprehension regarding the lack of testing for Starlink's integration into the aviation system, emphasizing the need for transparency in the contracting process.
U.S. Commerce nominee Jeffrey Kessler expressed significant concern over reports of TSMC producing chips for Huawei, which is barred from receiving U.S. technology. He emphasized the need for strong enforcement against illegal shipments, highlighting the importance of the Bureau of Industry and Security's authority. Recent findings revealed a TSMC chip in Huawei's advanced 910B AI processor, prompting TSMC to suspend shipments to certain Chinese customers following a Commerce Department directive.
U.S. Commerce nominee Jeffrey Kessler expressed significant concern over reports of TSMC producing chips for Huawei, which is restricted from receiving U.S. technology. He emphasized the need for strong enforcement of export policies, particularly regarding illegal shipments. TSMC has already halted shipments to certain Chinese customers following directives from the Commerce Department.
U.S. President Donald Trump’s nominee for Under Secretary of Commerce for Industry and Security, Jeffrey Kessler, expressed significant concern over reports that Taiwan Semiconductor Manufacturing Co. is producing hundreds of thousands of chips for Huawei. During his Senate Banking Committee nomination hearing, he addressed the issue of illegal shipments of chips, highlighting the potential implications for U.S. export policy towards China.
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