and accusing it of violating antitrust laws. our north america business correspondent erin delmore has all the details. 1a years ago, us government approved the merger with ticketmaster. since then, live nation has grown into a powerhouse, but the government is calling it a monopoly to squash competition. ina in a press conference on thursday the attorney general marek garland pointed to the exorbitant fees and technological failures that have angered concert—goers and artists and cold the company's conduct anti—competitive and illegal saying it is time to break it up.— illegal saying it is time to break it up. illegal saying it is time to break itu. , .,~ , break it up. our complete makes it clear what _ break it up. our complete makes it clear what happens _ break it up. our complete makes it clear what happens when - break it up. our complete makes it clear what happens when a - it clear what happens when a monopolist dedicates resources to entrenching monopoly power and insulating itself from competition rather than investing in better products and services. we investing in better products and services.— investing in better products and services. we allege that

live nation _ and services. we allege that live nation has _ and services. we allege that live nation has illegally - live nation has illegally monopolised markets across the live concert industry in the united _ live concert industry in the united states for too long. live — united states for too long. live nation denies that it is a monopoly and says a breakup would not mean lower ticket prices or fees for fans. for more on — prices or fees for fans. for more on the _ prices or fees for fans. for more on the story - prices or fees for fans. for more on the story had - prices or fees for fans. for more on the story had over to our website where we have more analysis on the story. tesla boss has spoken out about the biden administration's tariffs on chinese electric vehicles. elon musk says he is not in favour of the measures as they will already distort the track they will distort an already competitive market. the tariffs take effect on august one. keep a close eye on the unrest in new caledonia. the french president emmanuel macron has wrapped up this 24—hour visit the territory. he pledged not to force through a controversial voting reform in the territory after weeks of deadly rioting. new caledonia is also the world's one of the

world's leading producers of nicholls and accounts for 6% of global supply. nicholls and accounts for 6% of globalsupply. recent global supply. recent disruption sent globalsupply. recent disruption sent nickel prices to a nine—month high. i spoke to a nine—month high. i spoke to a nine—month high. i spoke to a principal analyst and asked for an outlook on the nickel industry given this backdrop. nickel industry given this backdr0p-_ nickel industry given this backdro. , . , backdrop. the price has been impacted _ backdrop. the price has been impacted by _ backdrop. the price has been impacted by the _ backdrop. the price has been impacted by the unrest - backdrop. the price has been impacted by the unrest in - backdrop. the price has been l impacted by the unrest in new caledonia. we would suggest that nickel prices are certainly ahead of fundamental somewhat stop we have been in an oversupplied market for the last few years with a large surplus last year of over 250 kilotonnes. while we expect that to come down quite radically this year to may be less than 100,000 tons of nickel in surplus we are still much oversupplied in the market and this is very much around the introduction or emergence and continuing emergency that make emergence indonesia is a powerhouse in the sector. what

happens in new caledonia is driving sentiment so that sits behind a few other things that have happened this year in the market with certain closures at various operations also informing supply becoming tighter. also russian material being removed from the lma which happened in april and now this unrest in new caledonia. tell us about the impact of the unrest in new caledonia and what it is done to companies. it sits in a difficult position and has done for some time. in february we saw glenn core, one of the major shareholders decide to remove itself or place the operation on maintenance so even prior to the unrest there has been difficulty because the operations they are a

notoriously high cost. power prices are high as our labour costs. so that contributes to these operations sitting at the high—end of the coast curve. it was a difficult situation prior to the unrest.— to the unrest. you may be familiar— to the unrest. you may be familiar with _ to the unrest. you may be familiar with formula - to the unrest. you may be familiar with formula 1 - to the unrest. you may be| familiar with formula 1 but another motorsport event, motor —— formula e, makes a return this weekend to china. it's as late as generation are quicker than f1 cars that run on fuel. i spoke to the ceo and asked him about the growth he sees for electric racing. there's two ways of talking about speed. there is a top speed, over200 mph, but where we really benefit is in acceleration. the acceleration of the car, we've just launched in monaco, will get us to 100km an hour injust over 1.8 seconds, which is about 30% faster. then a current formula 1 car. that is incredible.

i could just imagine the g—forces involved. formula e is returning for the first time since the pandemic. how has it been growing? we're in our tenth anniversary year here and actually, our very first race was in china, in beijing in 2014. it's great to be back here in china in shanghai. if you think about where we started, we were very much a start up business back in 2014 with no fan base. as we head to china this year, we have around 400 million fans now around the world, growing between 20—30% every year. how keen is china for the growth of this sport? china always is a massive market by population, but two other key things over here, the number of manufacturers and 0ems coming out of china and the most prominent manufacturers around the world. i talked about having 400 million fans around the world.

we actually have in excess of 100 million of them basesd here in china. how do you see formula e competing when it comes to the attention of racing fans? very different sports. formula 1 is about 75 years old, formula e, only ten years old. we're also quite different. in terms of the competitive nature, if you're a formula 1fan, we're about seven races into the season. we find max verstappen winning five races. in formula e, we're ten races in formula e. we have had eight different winners so far. 0bviously, we're racing electric vehicles, not combustion engine vehicles. we've been net zero from day zero, rated number one est sports in the world. we're actually quite different propositions. we have been following the

tiktok saga closely after the us congress passed a bill requiring its chinese parent company to sell the app january 2025 face a ban. company to sell the appjanuary 2025 face a ban. i company to sell the app january 2025 face a ban. i dance has filed a countersuit but a few parties in the us have started to put together bids to buy the 3pp to put together bids to buy the app including billionaire and former owner of the la dodgers frank in court. we spoke to him about this plans for the social media firm.— media firm. the user base is fantastic _ media firm. the user base is fantastic and _ media firm. the user base is fantastic and they _ media firm. the user base is fantastic and they love - media firm. the user base is | fantastic and they love tiktok so we want to see tiktok continue. but we think the architecture that tiktok currently uses, one that scrapes our data and aggregates it and applies algorithms to feed us things and manipulate us is super unhealthy and in the case of tiktok there are these 170 million americans, our data is being shipped to china which is a national

security threat. 0ur idea is to keep alive move the user base over to a new version of the internet where each user has control of their identity, control of their identity, control of their data rather than being manipulated. they get all the benefits of the current tiktok without damaging architecture.— architecture. let's talk about that architecture _ architecture. let's talk about that architecture because - architecture. let's talk about that architecture because it i architecture. let's talk about| that architecture because it is the recommendation algorithm you referenced there as well. isn't that algorithm partly what is made tiktok so popular among so many people? in what is made tiktok so popular among so many people? in part but we're — among so many people? in part but we're not — among so many people? in part but we're not interested - among so many people? in part but we're not interested in - among so many people? in part but we're not interested in the i but we're not interested in the algorithm. when we not need the algorithm. when we not need the algorithm. by dance will not sell the algorithm under any circumstances. so as i mentioned we have a new version of how the internet will work based on a new protocol which our tech team developed years ago and is now actually live

and being used by a million people. an architecture where users although i prefer to call them people or individuals are able to control their identity and own it and control their data. and pass out what pieces of information they are willing to share. the algorithm that tiktok uses is in a black box in the algorithm we would use will be fully transparent and individuals will be able to customise and cure their own algorithms. customise and cure their own algorithm-— algorithms. before we go, chinese property - algorithms. before we go, | chinese property developer vulgar has been given a major lifeline. the company received nearly $2.8 billion low from a group of chinese banks including the state—owned industrial and commercial bank of china. the financial support comes after chinese regulators both financial and credit firms to offer aid back in march.

that is it for this edition. i will be back in an hour with more business news for you right here on bbc news.

hello. here with the catch—up. the general election is under way, a stage collapse in mexico and an iconic dog. today is the first day of a long six weeks for politicians, as rishi sunak and keir starmer hit the road for the start of their election campaigns. sunak already got caught out in wales trying to create hype for the euros tournament, which the country failed to qualify for. in westminster, it's looking like a ban on smoking for anyone born after 2009 may get dropped after all. that's because parliament is going to be suspended

tomorrow for the campaign and all legislation that isn't already passed automatically gets dropped. that's regardless of who wins. some other stories now — and at least nine people have been killed and about 50 others injured after part of a stage collapsed at an election campaign rally in northern mexico. this partial collapse was due to sudden gusts of wind. next, cassie has posted her first statement since video footage emerged showing sean diddy combs attacking her. she said domestic violence broke me down to someone that she never thought would become. diddy apologised at the weekend and said he was disgusted with what he did. jeremy corbyn is expected to stand as an independent in islington. he was kicked out of the party in a 2020 over his response to a report on anti—semitism. time now to leave you with ten

seconds of the dog, as the star of the show at the cannes film festival. he knows how to work a red carpet. just look at him. can we appreciate those moves, we reckon he is doing it better than some of the celebrities! quite possibly. what do you reckon? you're all caught up now, see you later. hello and welcome to sportsday. i'm lizzie greenwood—hughes, here are the headlines: west ham's lucas paqueta is charged by the fa over allegations of trying to intentionally receive cards to influence betting markets. we speak to the england and manchester city star phil foden about his incredible season and the build—up to the euros. and luke littler throws the perfect nine dart checkout on his way to becoming

the premier league champion. welcome to the programme and we're starting with news that the west ham midfielder lucas paqueta has been charged with misconduct by the fa in relation to alleged betting rule breaches. it relates to four games over an 18—month period, where it's alleged paqueta deliberately tried to get a card from the referee, in order to influence betting markets. the fa investigation was triggered by suspicious betting patterns. the brazilian has until the third ofjune to provide a response, although he's already publicly denied any wrongdoing on social media saying — "i will fight with every breath to clear my name." earlier, i spoke to our senior football reporter simon stone.

what they said, as you say, in their statement is basically