April 21, 2026, 08:18 GMT | Insight National governments will have to identify “specific risks to a fundamental interest of society” if they are going to overrule EU regulators and intervene in mergers that affect banking, media or public security, according to draft guidelines seen by MLex. They explicitly warn states against defending favorite national companies, pointing to the European Commission’s “particularly close” scrutiny of moves to hinder foreign acquirers.