Written by 8:48 pm European Union

FTC investigating Amazon’s $3.9B One Medical buy; Russia keeps European gas line shut down 

The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal.

Both One Medical and Amazon received a request for additional information Friday in connection with an FTC review of the merger, according to a filing made with securities regulators by One Medical’s parent, San Francisco-based 1Life Healthcare Inc.

Amazon announced plans in late July to buy One Medical, a concierge-type medical service with roughly 190 medical offices in 25 markets. Last week, the e-commerce giant said it would shutter its own hybrid virtual in-home care service called Amazon Care, a One Medical competitor, because it wasn’t meeting customers’ needs.

The One Medical deal, the first to be announced under CEO Andy Jassy, was another push into health care for Amazon following its acquisition of the online pharmacy PillPack for $750 million in 2018.

Russia keeps gas pipeline switched off

Russian energy giant Gazprom says it can’t resume the supply of natural gas through a key pipeline to Germany for now because of what it said was a need for urgent maintenance work.

The announcement Friday came just hours before Gazprom was due to resume deliveries.

The Russian state-run energy company had shut down the Nord Stream 1 pipeline on Wednesday for what it said would be three days of work. It said in a social media post Friday evening that it had identified “malfunctions” of a turbine and said the pipeline would not work unless those were eliminated.

The European Union has just reached its goal of filling its gas storage to 80%, ahead of a Nov. 1 deadline, despite Russian supply cutbacks.

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