assuage cma's concerns.his has been an interesting test. is the cma up to the job? i think they have done all right in the end. they have the extra concessions. microsoft has made the concessions and everyone found a reasonable outcome. >> tom smith, thank you for the time this morning. former legal director at the cma. i appreciate your time this morning. >>> what's coming up? we will look at hollywood studios and writers who failed to seal the deal. om'll unpack that and the latest fr tinseltown after this. shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free >>> welcome to "street signs." i'm arabile gumede and these are your headlines. equities taking a drop and the euro see-saws as the data from germany and france upstages better abthan expected gdp grow in spain. and mi >>> and microsoft and activis

cma was the final hurdle. what was the cma's argument or commentary on why they felt ubisoft was a good enough compromise? mark: this is an interesting concession. from my understanding, they are basically looking for a third party that is not microsoft that could be making these decisions around cloud gaming. other companies like google have tried and will probably continue to try. having given microsoft -- it feels like giving microsoft control of that, if you have ubisoft involved, you have this third-party french company that can sort of deny the ability for microsoft to manipulate the market. caroline: brad smith comes out saying they are reworking toward the october 18 deadline. about what a different environment. this has been a year and a half since they wanted this $95 a share deal done. what changed? it is still on the business basis. is it about mobile gaming? mark: my impression is there is an armchair political analysis who was just saying the cma is the only organization in the u.s. and the eu --

remember that we thought was, for all intents, dead when the cma said, no.r companies to do what microsoft has, and activision have succeeded in doing. namely, rolling it back and getting the outcome they wanted. you know, the fight here in the u.s. was never the main fight. it was really the cma's objections that were thought to be permanent because the idea had been that if the ftc did object as they did, you could beat them in court, which they did. there's, again, what i told you earlier. you know, the question now is simply, really seems to be one of timing because microsoft has offered remedies to ensure the terms of the sale of activision's rights, that is, the streaming rights to ubisoft, are enforceable by the cma. really remarkable what microsoft and activision were able to accomplish here, and that's why the stock is trading ever so closer to the $95 price after there is an increased reverse break fee, but that is really not going to come into play here. very soon, microsoft will officially own activision. >> i'm so glad you're pointing this out.

cma. do you think that structure will be accepted with the u.k. cma? with the regulators we have had through this whole process. . it has been a long process. we remain confident in the work we are doing with the cma and the european commission and with the ftc and the u.s. we will close this acquisition. caroline: another question. what has been your favorite operation? what has been your favorite build or a means of traveling through space? >> favorite means of traveling through space? when i'm doing my ship i like to focus on shields and defense because you never know what is going to happen when you jump into a new system in the game as far as character builds, one of the things we love to do which is there is so much you can do in the game, five or six games at once, just a comfortable and do what you want to do. if you want to scan planets and explore, great. if you want to join the pirates, great. it is whatever you want to do. whatever you are comfortable with. wei du this -- we create this world, but it is about the players. caroline: this gam

cma in the uk saying there is an opening door with the restructured deal.is helping to push things along. the ftse 100 is on the up. that is on the back of mining moving higher. so to on the retail front with ocado pulling up gains. the market is sitting in negative territory after the central bank frenzy yesterday. very interesting to note on that number that the bank of japan decided to keep rates on hold today. the governor saying that we want to see inflation at the 2% mark before we move again. very interesting notion there. overall, europe is downbeat. >> arabile, thank you very much. arabile gumede live in the london newsroom. >>> we turn attention back to the united states. palantir shares have been under pressure since rates were staying higher for longer. the software company is up more than 100% year to date. i sat down with alex karp in washington, d.c. to discuss his take from the recent senate a.i. summit. we discussed the work with the u.s. government in ukraine as president volodymyr zelenskyy visited the white house and president biden anno

it raises the big question, all these regulators around the world have cleared the deal, which the cma deal to be restructured. it does raise some questions for people trying global transactions. you have to go to many regulators to get clearance, and how are you going to do that? the uk could be a thorn in the side of many transactions. in other news... amazon has announced that users of its prime video streaming platform will start to see adverts on shows and movies from early next year unless they subscribe for an ad—free tier at a highercost. the move by the tech giant follows similar roll—outs by rivals netflix and disney. the streaming industry has been facing a slowdown in new sign—ups as subscribers struggling with high inflation dial back entertainment spending. warner bros has announced a major expansion of its uk studios. capacity at its leavesden studios, where this year's blockbuster movie barbie was filmed, will grow by more than 50%. the move will create 4000 extra jobs across the country and will increase the value of the media giant's production in the uk by £200 milli

the prime cma has been tested to see the modification was successful. the hope is that the funds will be able to go to improve invitees in just a few years. while laura's familiar with the lab processes from a college days, a job now involves decoding the genetic data to bioinformatics. so by and so much of an interdisciplinary field between computer science, biology and statistics. so it presents relative opportunities for young people to tap into this field because nimble, i need some group, it's growing in the mind. a lot of biological research that's done with being kenya and within africa will at some point, she qualified for my to somebody uses together with some of her colleagues. laura is part of the buyer and some metrics hub of kenya. a network of young researches who want to build up the field of bioinformatics in the country, so to reach out to undergraduate students. otherwise, my don't know my know about the subject to the research. i'm trying to answer questions, but let you with questions and the fuck, let's each and every time you want

ed: it is funny to say big concession because the point the cma made was why did you not make this offerthe beginning? if you had done it at the start, you would not have incurred the cost of negotiating you had. the compromises to sell cloud gaming rights to a french independent studio game developer has satisfied the regulator. and i can tell you that both microsoft and activision that cloud gaming was even the point of contention because it's such a nascent and small-market, but some strong words from the cma earlier. alix: are there other deals that could now come to the foreground if they do a little bit of negotiating here? ed: what is funny about this deal is microsoft bought activision for the metaverse. getting hung up on the cloud and not have anything to do with microsoft's or activision's but a patient's, but the political context -- activision's motivations, but the political context is interesting. it's basically like this is a lesson learned for anyone who wants to do a big deal that wants to avoid an expensive negotiation. come to us to a compromise upfront -- come to us

regulator in this regard, the combination and market authority, the cma, deciding actually there is nowt has been been put forward by microsoft which would do away with the cloud gaming rights of activision means the deal now allows for greater competition according to the cma. they believe they've now cleared the most important and significant hurdle in this deal. a $75 billion deal in which microsoft is looking to buy activision blizzard who of course owned game like call of duty, "world of warcraft," the most significant of which would certainly add quite a lot of revenue to microsoft's business. but the fear is they would make cloud gaming their own sole proprietorship, but that's changing and does seem the deal would be announced by at least october 18th. >> all right, we'll keep an eye on that. cnbc's arabile gumede live from london, thank you and have a good weekend. >>> still ahead here on "way too early" president biden is making a major move on a border policy that could impact hundreds of thousands of migrants. we'll go through that and much more with white house principle de

the 57th annual cma awards will be again hosted by luke and peyton manning.ht. >> thanks. >> also in pop news, kourtney kardashian barker is opening up about a frightening medical emergency. earlier this week her husband travis barker left his band blink 182's tour for an urgent family matter. now we know what that matter was. kourtney revealing she underwent urgent fetal surgery. she wrote on instagram, i will forever be grateful for my incredible doctors for saving our baby's life. i am grateful to my husband who rushed to my side from tour to be with me in the hospital and take care of me afterwards. my rock. to my mom, thank you for holding my hand through this. as someone who has had three really easy pregnancies in the past, i wasn't prepared for this fear of rushing into urgent fetal surgery. kardashian adding walking out of the hospital with her baby boy safe in her belly was the truest blessing. we are so happy that she is okay and the baby as well. then also in pop news, a piece of music history is making history of its own. a piano owned by freddie

the, the event of a news here on odd cma doing where he is in the row claims a little live, the move, the 1000 people them is my devastation. india has proposed a permanent membership for the african union in g 20. i'm confident that we have consensus on this proposal. the, the group of 20 summit happening here in india for the 1st time that g 20 is said to become the g. 20. well, as the african union says, yes to an invitation will go through the wrong vacations of up this hour. washington hose, a cold for the lows is fine. he was condos, while u. s. government agencies seems kind of hoping to speak to some of the participants . it's one thing to blow the whistle and then lose your job. it's another thing entirely to blow the whistle, lose your job, lose your family, not be able to work again. and in some cases, as we've heard today. commit suicide the live for most here. this is on see my as well as i'm in 30 minutes of news and views thought. now, we start with develop a news hand on nazi the report, the death toll for a massive of us place in more of us now. so pause 1000 people a

you have the stricter eu pushing regulation through quickly and then you have seen a cma flip-flop.u see tech companies viewing u.k. regulations? joe: it has a real strength as regulators. that's why we see sensible, and gazed regulation. we have independent regulators. the u.k.'s history and process of law and engagement, you have seen this articles published this year. there will be specific ai regulation issues in that sector and it will be our ability to adapt with nai. it's not that we need to create stricter rules that will prove to be out of date quickly. ed: you have a developing position from the u.k. and an outgoing message from san francisco. what is the biggest question you get from them? the inbound, about what the u.k. should offered? joe: the u.k. is the first natural expansion point from the u.s.. the u.k. is the first place chosen to go into. i think folks see the u.k. is the first natural choice externally. they do see the u.k. is having a fantastic tech sector that's valued at more than one trillion. they recognize the talent and the regulatory capacity there so t

we have talked about the impacts of the cma deal that could allow activision and microsoft finally to get together. one of the big beneficiaries of that is ubisoft. that stock, alix, up by 4%. alix: the other big beneficiary, activision, up about 1.7%, just to start on that point. the s&p is up by about .5%, tech stocks getting a nice lift of 1%, but the volume is still terribly light. we did get the pmi that was the best of the bunch but continuing to roll over just a touch. we also had a selloff in the last couple days in the equity market. so maybe a little bit of a lift off that but it's hard to take directions seriously. the 10-year yield hit its highest level since 2007 and we now have buyers coming in and yields are down. the dollar-yen is up. that is maybe a function of market action. the bank of japan overnight, absolutely nothing. that continues. guy: let's talk about the data and what is happening. it feels like a different picture on the other side of the atlantic. manufacturing is weak but the u.s. economy as a service sector economy and that is holding up. the numbers ar

if the cma says you can't do it, you can't. there is no way of getting around it. convincing them to change their mind is the only way. activision shares up 1.3%. microsoft shares up .50%. >> you need to get with the program. probably get with the monarchy. there are a few things they need to deal with over there. >>> news out from amazon. the company says starting early next year, prime video shows and movies will include ads. you get a break on what it costs? no. they are not making changes to the price of prime membership. they are sticking ads in there. you can get an ad-free tier for additional $2.99 a month. no ads up to this point. >> we knew this was coming. >> streaming is worse than -- so many analogies to entertainment and the -- it is like selling ev cars. it's not working for the big three. streaming is very difficult to make money. first guy to figure that out. zas. i think he got in there and looked around and said how much with cnn? people are not watching. >> don't drag me into this. >>> coming up, media news. we will talk about the writers strike

cma competition and markets authority.egulator haad-on and tell us what chances -- hat on and tell us what chances u.s. regulators have of a successful action against google or alphabets. william: they have a fighting chance to demonstrate there was an infringement of the law. because of this core concept that is favorable to them. obtaining relief that goes beyond prohibiting the specific conduct might be difficult, that is proven to be a tough challenge in the united states. the other thing that will be difficult to cope with in the case itself is google's response. in talking about the placement of the search engine on these devices, i suspect google will ask the court, what would you have expected us to do otherwise? should we have stood by and not even bid in the auctions that determine who would be on the devices? should we have simply allowed our rivals to go ahead and obtain the precious real estate? what would you have had us do otherwise? by application, what should large firms do otherwise. i think that will be

the cma said concerns about stifling competition have been addressed in a new bid.arsenal captain martin 0degaard has signed a new five year deal with the club. the midfielder, who's been with the gunners since an initial loan move from real madrid in 2021, scored 15 goals last season. the french rugby federation have confirmed that captain antoine dupont suffered a facial fracture during their record 96—0 victory over namibia at the rugby world cup last night. he will remain with the france squad until a specialist has determined the length of dupont�*s unavailability. scotland have made four changes to their starting 15 to face tonga in nice this sunday. winger kyle steyn and lock scott cumming come into the side. gregor townsend has also handed starts to centre chris harris and loose—head prop rory sutherland. and red bull's max verstappen finished fastest in the first and second practice sessions ahead of the weekend's japanese grand prix. coming up for viewers on bbc two and bbc news — the latest national and international news. for listeners here on 5 live...