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.
2023-11-14 08:24:00 Tuesday ET
Thomas Sowell argues that some economic reforms inadvertently exacerbate economic disparities. Thomas Sowell (2019) Discrimination and econo
2019-08-14 10:31:00 Wednesday ET
Netflix suffers its first major loss of U.S. subscribers due to the recent price hikes. The company adds only 2.7 million new subscribers in 2019Q2 in stark
2025-08-09 11:31:00 Saturday ET
Wharton e-commerce entrepreneurship professor Dr Karl Ulrich explains that many top-notch universities now provide massive open online courses (MOOCs) for m
2019-09-13 10:37:00 Friday ET
China allows its renminbi currency to slide below the key psychologically important threshold of 7-yuan per U.S. dollar. A currency dispute between the U.S.
2019-03-15 13:36:00 Friday ET
CNBC stock host Jim Cramer recommends both Caterpillar and Home Depot as the U.S. bull market is likely to continue in light of the recent Fed Chair comment
2020-06-17 09:23:00 Wednesday ET
Successful founders focus on their continuous growth, passion, perseverance, and the collective wisdom of most team members. William Ferguson (2013) &