what changed, why it matters, and what remains uncertain.

SpaceX-Tesla merger could face antitrust scrutiny

Could the Tesla-SpaceX merger that Elon Musk floated this week pose antitrust problems? One former Justice Department official told Semafor that the risks are real. Antitrust regulators view such “vertical” mergers as pro-competition, the official said — because they can make supply chains more efficient — but could try to stop the merger if Tesla-SpaceX gets deemed a possible “vertical foreclosure.” A foreclosure situation arises when a firm uses its position to restrict…