Alphabet Inc.’s Google has denied intentionally destroying evidence in the Justice Department’s antitrust lawsuit over the company’s search business, in a response to the government’s bid for sanctions in federal court. The Department of Justice (DOJ) last month alleged Google failed to preserve certain internal corporate “chat” communications. The DOJ said Google told investigators in…
Senators Mull Past Failures, Possible Solutions on Big Tech
March 8, 2023
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Members of a Senate antitrust subcommittee on March 7 voiced frustration over the failed attempts by Democrats and Republicans alike to regulate tech giants like Google and Apple, as expert witnesses and lawmakers debated legislation that didn’t get a full vote last Congress. “Neither the judiciary nor the executive branch can solve these problems alone—Congress…
EU, UK, Swiss Probe Suspected Fragrance Cartel, Givaudan Confirms Cooperation
BRUSSELS/ZURICH—Swiss fragrance and flavor maker Givaudan said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients. The UK competition agency also opened an investigation into the same…
LIVE NOW: Senate Holds Hearing on “Restoring Competition to Our Digital Markets”
March 7, 2023
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U.S. Senate Judiciary Committee Subcommittee on Competition police, Antitrust, and Consumer rights holds a hearing at 3:00 p.m. ET on March 7 on how to “Reining in Dominant Digital Platforms: Restoring Competition to Our Digital Markets.” Fiona M. Scott Morton, Yale School of Management Professor of Economics; Chris Lewis, President and CEO of Public Knowledge;…
Senate Holds Hearing on ‘Restoring Competition to Our Digital Markets’
March 7, 2023
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The U.S. Senate Judiciary Committee’s Subcommittee on Competition Policy, Antitrust, and Consumer Rights holds a hearing at 3:00 p.m. ET on March 7 on “Reining in Dominant Digital Platforms: Restoring Competition to Our Digital Markets.” Fiona M. Scott Morton, Yale School of Management professor of economics; Chris Lewis, president and CEO of Public Knowledge; Daniel…
Senators Grill Ticketmaster at Antitrust Hearing After Taylor Swift Ticketing Fiasco
Lawmakers grilled a top executive from Ticketmaster’s parent company on Tuesday at the Senate Judiciary Committee’s hearing after the service’s mishandling of Taylor Swift’s concert ticket sales in November. Senators Amy Klobuchar (D-Minn.) and Mike Lee (R-Utah) called upon leading ticketing agency executives as witnesses to the Senate Judiciary Subcommittee on Competition, Antitrust and Consumer Rights….
LIVE NOW: US Attorney General Makes Announcement About Antitrust Matter
U.S. Attorney General Merrick Garland makes an announcement about an antitrust matter at 2:00 p.m. ET on Jan. 24, accompanied by Associate Attorney General Vanita Gupta and Assistant Attorney General Jonathan Kanter. The Epoch Times will livestream the event. …
US Attorney General Makes Announcement About Antitrust Matter
U.S. Attorney General Merrick Garland makes an announcement about an antitrust matter at 2:00 p.m. ET on Jan. 24, accompanied by Associate Attorney General Vanita Gupta and Assistant Attorney General Jonathan Kanter. The Epoch Times will livestream the event. …
South Korea Fines Tesla $2.2 Million for Exaggerating Driving Range of EVs
SEOUL—South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc. for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its cars on…
Celebrate Elon Musk, but Don’t Lose Sight of Big Tech’s Structural Problems
December 16, 2022
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Commentary The story of Elon Musk’s acquisition, transformation, and public rehabilitation of Twitter is nothing short of remarkable. Here is that rarest of confluences: A right-leaning (or at least right-sympathetic) mega-billionaire privately acquires a disproportionately influential public company out of genuine public-spiritedness, perhaps even a hint of noblesse oblige, and an earnest commitment to preserving…
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