2019-06-21 13:33:00 Fri ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Amazon and Google face more intense antitrust scrutiny. In recent times, Justice Department and Federal Trade Commission have reached an internal agreement to conduct independent investigations into these tech titans. Justice Department takes responsibility for Google antitrust matters, and Federal Trade Commission handles Amazon in light of potential consumer harm.
This internal agreement presages intense antitrust scrutiny. Google already faces antitrust fines in Europe due to the E.U. charges that the online search algorithms favor Google-driven software products. U.S. antitrust law focuses on the broader notion of consumer protection; however, smart algorithms help constrain Amazon retail price hikes. Federal Trade Commission conveys concern and suspicion that the sheer size and market power of Amazon may induce anti-competitive effects.
Limiting the market power of tech titans may be one of the few policy domains where Republicans and Democrats find common cause. Democratic presidential candidates such as Joe Biden, Bernie Sanders, and Elizabeth Warren call for greater antitrust scrutiny on the campaign trail. Also, President Trump and other Republicans accuse Amazon and Google of political bias. Justice Department and Federal Trade Commission either stimulate more competition in e-commerce and Internet search, or the regulatory agencies may consider breaking up Amazon and Google.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-06-23 08:30:00 Sunday ET
The financial crisis of 2008-2009 affects many millennials as they bear the primary costs of college tuition, residential demand, health care, and childcare
2018-12-15 14:38:00 Saturday ET
Google CEO Sundar Pichai makes his debut testimony before Congress. The post-mid-term-election House Judiciary Committee bombards Pichai with key questions
2027-10-31 00:00:00 Sunday ET
In the technological race between the U.S. and China, America leads in some strategic sectors from AI large language models (LLM), graphics processing units
2019-04-27 16:41:00 Saturday ET
Tony Robbins suggests that one has to be able to make money during sleep hours in order to reach financial freedom. Most of our jobs and life experiences tr
2018-08-27 09:35:00 Monday ET
President Trump and his Republican senators and supporters praise the recent economic revival of most American counties. The Economist highlights a trifecta
2018-05-11 09:37:00 Friday ET
OPEC countries have cut the global glut of oil production in recent years while the resultant oil price has surged from $30 to $78 per barrel from 2015 to 2