Microsoft battles FTC in court

Microsoft (MSFT) battles with FTC in court over $69B Activision (ATVI) deal (00:25). Ford (F) preps for another round of layoffs - report (01:55). Virgin Galactic Holdings (SPCE) files to sell another $400M worth of stock (02:38).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:J&J talc bankruptcy unit to establish $750M trust fund with insurersOuster announces layoffs, reaffirms second-quarter revenue outlookAmazon pops as Loop Capital says AWS slowdown likely to 'bottom' soon3M to pay up to $10.3B in PFAS water pollution settlementWarner Bros. Discovery in talks for $500M sale of half of music publishing assetsCatalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event