Musk buys fight with Apple, Transition PEC is filed and what matters in the market

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Musk calls a giant to the fray

After firing half of Twitter’s employees, encouraging the remainder to work “long hours at high intensity” and seeing relevant advertisers leave the platform, billionaire Elon Musk chose this Monday (28) a new rival – the largest company in the world by value market.

The richest man on the planet tweeted that Apple “threatened” ban Twitter from its app store without giving justification and even claimed that the manufacturer removed most of its ads from the social network.

For Randal Picker, a professor at the University of Chicago interviewed by Reuters, Apple’s decision to block Twitter because of the content would be “strange”. “It doesn’t block other apps even though they give access to various types of content, including pornography,” he said.

Musk didn’t stop there. The billionaire also questioned the 30% fee that Apple charges on purchases made in the apps – like when a user pays to boost a publication, to use an example from Twitter.

Understand: the “secret fee” cited by Musk is also the target of regulators and is the subject of a long legal dispute between Apple and the studio Epic Games, of the popular “Fortnite”.

• The producer accuses Apple of acting as a monopoly in its store of digital products and services. The company commanded by Tim Cook denies it.

The judgement it was resumed this month in a US court after both parties appealed the latest decision.

• Epic Games is challenging the federal judge’s ruling that Apple does not act as a monopoly on its app store.

• The apple company did not agree with the order that it would have to allow apps the possibility to provide alternative payment links, outside the App Store system.

Apple has not commented on the allegations tweeted by Musk.

The design of the Transition PEC

Senator Marcelo Castro (MDB-PI) filed this Monday the text of the PEC that removes expenses with Bolsa Família from the spending ceiling for four years.

• The original idea of ​​President-elect Lula’s (PT) team was to exclude this type of spending from the spending limit definitively, but even the four-year term chosen must face resistance in Congress.

In numbers: the proposal does not have a specific amount for these expenses, but PT estimates point to an extra cost of up to BRL 198 billion with the PEC.

• would be BRL 175 billion to maintain the minimum benefit of BRL 600 from the social program and institute an additional payment of BRL 150 per child up to six years old.

• the others BRL 23 billion would come from occasional extraordinary revenues (such as signing bonuses from oil auctions) to fund public investments outside the spending ceiling.

• Without Bolsa Família under the roof, BRL 105 billion reserved for the program in the Budget proposal could be used for other PT campaign commitments, such as raising the minimum wage and resuming investments.

Negotiation: such as Sheet showed, the summit of Congress indicated that the PEC only has a chance of being approved with a validity of two years – members of the transition team admit to giving in on this point.

What else was retained from the original proposal:

• Device that allows the government to use resources obtained through donations in the execution of environmental projects.

• The same logic would apply to federal universities, which would be authorized to run expenses outside the ceiling if they are financed with their own revenue, such as donations or funding.

Crude week for oil

The countries of the EU (European Union) did not reach an agreement this Monday on the price cap to be imposed on Russian oil from December 5, said those involved in the negotiation to the Reuters agency.

Understand: the measure is yet another European sanction taken after the Ukraine War.

• EU countries, which no longer buy oil from the Kremlin, will now impose a price cap to allow European insurers to service ships carrying Russian oil to other nations.

Dispute: the richest countries in the bloc want a limit between US$ 65 and US$ 70 per barrel, a value questioned by Poland, which claims that Russian oil is already traded in that range.

• On the other hand, a very low limit price – of US$ 30, as Poland wants– could end up restricting the global offer of the commodity and causing prices to skyrocket again.

• Rich nations fear the effect this will have on inflation. Russia produces more than 10% of the world’s oil and is a major exporter of diesel.

Decisive week: Next Sunday (4th), one day before the European ban takes effect, OPEC members and their allies (including Russia) will meet to decide on the pace of oil production.

• The decision, depending on the size, could put pressure on oil prices and widen the cracks in the Saudi-US oil relationship, which has lasted for decades.

Advances in telemedicine boost startups

In just over a year, the number of Brazilian healthtechs (health startups) rose from 357 to 1,023 by mid-2022, according to a report by the Distrito platform.

Which explains: the sector was boosted by the pandemic, which generated an explosion in telemedicine and AI (artificial intelligence) services in remote diagnosis.

• Even with the resumption of face-to-face activities, the reduction of costs, the agility in services and the lower rates of hospitalizations and unnecessary consultations show that the innovations are here to stay.

the investments in Brazilian healthtechs also skyrocketed in 2021, when they added $704 millionhigh of 727% compared to the previous year.

• This year, marked by the scarcity of money for venture capital, the volume of investments in these startups dropped to $221 million.

• Even with the reduction, the number is still more than double invested in the entire year of 2020. The data is from the Slinghub platform.

Last weekIsa, a startup that bets on home health services, announced that it concluded a funding round that totaled BRL 90 million and used part of the money to buy another healthtech, Saúde C.

Big techs on the move: interest in the sector also appears in the American technology giants. Amazon and Microsoft have shelled out big bucks recently to acquire healthcare platforms — One Medical and Nuance, respectively.

• Apple, Alphabet (owner of Google) and Meta (owner of Facebook) were not left behind and created their own platforms.

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The above reports, published by Sheetwere produced from classes and content discussed in the Nova Economia course, promoted by FolhaLab+ iFood.