Bloomberg

Verizon will raise prices on its wireless bills for the first time in two years as the largest US wireless carrier grapples with higher costs. Millions of consumers will see a $1.35 increase in administrative charges for each voice line starting in their June 2022 phone bill. And business customers will see a new “economic adjustment charge” beginning June 16, with mobile phone data plans increasing by $2.20 a month and basic service plans going up by 98 cents. Like many businesses, Verizon has been weighing options on how to adjust to inflation pressure.

It’s been three years since US officials sounded the alarm: Citing national security threats, the White House, Congress and federal agencies began ordering that certain Chinese-made equipment had to be ripped out from telecommunications and security networks. But delays, deferrals and a serious funding shortfall have left that threat largely unaddressed, and Chinese technology remains in place throughout the US — including in some surprising places. More than 100 telecom providers are still connecting mobile phone calls for hundreds of thousands of customers with gear from Huawei and ZTE.

The Federal Trade Commission (FTC) is reviewing Elon Musk’s $44 billion Twitter takeover, a person familiar with the deal said, setting up a deadline in the next month for the agency to decide whether to conduct an in-depth review of the transaction. Under US merger law, Musk is required to notify the FTC and the Justice Department of the transaction and wait at least 30 days before closing to allow an investigation into potential antitrust concerns.