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Transcripts for CNN CNN Newsroom Live 20240604 08:22:00

food delivery service grubhub is laying off 400 corporate employees, that is about 15% of it workforce. the company citing higher costs and declining orders. their ceo says while business has grown since 2019, the pre-pandemic period, operating costs have increased at a high rate. grubhub is competing with uber eats and door dash for the restaurant delivery business. according too a source close to the matter, the u.s. federal trade commission is set to file a temporary restraining orderto to the matter, the u.s. federal trade commission is set to file a temporary restraining order to freeze a merger between microsoft and game blizzard. the deal is worth $69 billion. ftc says it is anti-competitive and would make the software giant third largest in the world. some uk officials have expressed similar concerns but the deal was approved last month from antitrust officials from the eu.

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