Bloomberg Silicon Valley giants used to snap up smaller tech firms at will, safe in the knowledge that antitrust regulators rarely prevented them from expanding into new industries. The European Commission showed that those days are gone, opening an in-depth probe into Google’s $2.1 billion takeover of Fitbit Inc. — an investigation that focuses on the potentially huge value of …

Bloomberg General Motors Co. unveiled a long-awaited Cadillac electric vehicle that will offer Tesla Inc.-like range, though prospective buyers will need to be patient. The Cadillac Lyriq is debuting about four months later than planned, with GM having postponed the reveal because of coronavirus. But that interval pales in comparison with the two years it will take for the plug-in …

Bloomberg Oil climbed to a five-month high in London, topping $45 a barrel after US industry data showed a decline in the nation’s stockpiles. Brent futures gained for a fourth day, rising as much as 2.6% to the highest price since March 6. The American Petroleum Institute reports 8.59 million-barrel drop in crude inventories last week. The international benchmark moved …