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Shipping giant CEO says business have to avoid global politics

The CEO of the world's largest container-shipping company cautions that international firms have to be careful of taking political stances.

  • What they're saying: "We cannot run a global business if we start to have views on politics in every single country that we are in," Maersk CEO Søren Skou tells "Axios on HBO."

Why it matters: Wanting to avoid political entanglement stands in contrast to the pressure some companies are under from customers, employees or shareholders to take stances on topics like human rights or freedom of expression.

Asked about how his company approaches relationships with Russia and China, Skou said Maersk's commitment is just to employees.

  • "What we try to do is to provide good jobs to the people that are employed by us, give them a good wage so that they can live a good life, pay for their training and development, and in general be a good corporate citizen in every single country that we're operating in."

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Congress' next moves to rein in Big Tech

After grilling the CEOs of Amazon, Facebook, Google and Apple last week, members of Congress are grappling with whether to accuse any of the firms of illegal anticompetitive behavior, to propose updating federal antitrust laws — or both.

The big picture: Congress is just one arm of government making the case against these companies. Google is expected to be the first of the firms to face possible antitrust litigation from the Justice Department before summer's end, but all four face a full-court press of investigations by DOJ, the Federal Trade Commission and state attorneys general.

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Wall Street's top regulator says a report on meme stock mania is coming this summer

Wall Street's top regulator says a report examining meme stock mania will be coming "sometime this summer."

The big picture: It will "detail the range of activities" that came out of the January events," SEC chair Gary Gensler said Thursday at a third congressional hearing held to dissect the GameStop trading phenomenon.

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