Takeaways:
- Amazon is pushing the FTC for a decision on whether the agency will allow its MGM deal. All eyes are on the outcome, given it will set the pace of tech M&A over the next couple of years.
- Sony is abandoning its standalone EV approach in favor of partnering with Honda. This is just the latest evidence that cars are becoming gadgets. P.S. Honda expects to be making gas-powered cars until 2040.