Officials with the United States Surface Transportation Board approved the <a href="https://www.dailywire.com/topic/antitrust" target="_blank" rel="noopener">merger</a> of Kansas City Southern Railway Company and Canadian Pacific Railway Limited on Wednesday, marking the first combination of major <a href="https://www.dailywire.com/topic/railroads" target="_blank" rel="noopener">rail</a> companies in two decades.
The new entity, which will be called Canadian Pacific Kansas City, will be the first railroad spanning Canada, the United States, and Mexico. Canadian Pacific and Kansas City Southern are the smallest Class I railroads in North America; the new firm will retain the distinction.
“The transaction will reduce travel time for traffic moving over the single-line service; it should result in increased incentives for investment; and it will eliminate the need for the two now-separate CP and KCS systems to interchange traffic moving from one system to the other,” the Surface Transportation Board said in a <a href="https://www.stb.gov/news-communications/latest-news/pr-23-07/" target="_blank" rel="noopener">statement</a>. “This will enhance efficiency, which in turn will enable the new CPKC system to better compete for traffic with the other larger Class I carriers.”
The agency said that “numerous conditions,” such as written justifications for any shipping price increases that exceed inflation, can be imposed upon CPKC. Surface Transportation Board officials also established a seven-year oversight period to monitor developments such as the completion of operating improvements and investments to handle new traffic.
The merger comes as the American railroad industry faces increased regulatory scrutiny following the Norfolk Southern train derailment in East Palestine, Ohio. Local and state authorities were forced to temporarily evacuate all citizens within one mile of the derailment site last month and <a href="https://www.dailywire.com/news/evacuation-ordered-ohio-governor-warns-major-explosion-could-send-shrapnel-a-mile-from-derailed-train" target="_blank" rel="noopener">started</a> a controlled burn of chemicals on the vehicle to decrease the risk of an explosion, inducing unknown <a href="https://www.dailywire.com/news/researcher-worries-government-is-wrongly-declaring-safety-near-ohio-train-crash" target="_blank" rel="noopener">environmental</a> effects on the small rust belt community.
Sen. J.D. Vance (R-OH) and Sen. Sherrod Brown (D-OH) therefore introduced the Railway Safety Act of 2023, which would <a href="https://www.dailywire.com/news/senators-introduce-bipartisan-bill-to-improve-rail-safety-after-ohio-train-crash" target="_blank" rel="noopener">require</a> rail companies to report hazardous materials on trains to state authorities, raise inspection requirements, and increase the rigor of defect detection efforts. The bill would meanwhile increase several civil penalties for violations of rail safety regulations by tenfold and require that each train must operate with at least two-person crews.
“Through this legislation, Congress has a real opportunity to ensure that what happened in East Palestine will never happen again. We owe every American the peace of mind that their community is protected from a catastrophe of this kind,” Vance said in a <a href="https://www.vance.senate.gov/press-releases/senators-vance-brown-to-introduce-bipartisan-legislation-to-prevent-train-derailment-disasters/" target="_blank" rel="noopener">press release</a>. “Action to prevent future disasters is critical, but we must never lose sight of the needs of the Ohioans living in East Palestine and surrounding communities. One day, the TV cameras will leave, and the news cycle will move on, but the needs of those Ohioans will remain.”
The state of Ohio <a href="https://www.dailywire.com/news/entirely-avoidable-ohio-sues-norfolk-southern-for-train-disaster" target="_blank" rel="noopener">filed suit</a> this week against Norfolk Southern and asked that the company be held financially liable for the derailment, characterizing the incident as “entirely avoidable” and the result of executives neglecting the “welfare of the communities in which Norfolk Southern operates.” The EPA has meanwhile <a href="https://www.dailywire.com/news/epa-requires-norfolk-southern-to-test-near-ohio-train-disaster-for-chemicals-which-impact-fertility-last-for-decades" target="_blank" rel="noopener">directed</a> Norfolk Southern to sample for dioxins, a class of pollutants that can be formed by vinyl chloride combustion and can bind to soil for decades.

Canadian Pacific Wins US Approval For $27 Billion Rail Deal

Regulators Approve Largest Rail Merger In Two Decades

Regulators Approve Merger Of Two Large Railroads

Antitrust

Business

Economy

Railroads

Train

Former House Speaker <a href="http://dailywire.com/topic/nancy-pelosi" target="_blank" rel="noopener">Nancy Pelosi</a> (D-CA) disclosed a sale of 30,000 shares in <a href="http://dailywire.com/topic/google" target="_blank" rel="noopener">Google&#8217;s</a> parent company, Alphabet, roughly one month before the <a href="https://www.dailywire.com/topic/department-of-justice" target="_blank" rel="noopener">Justice Department</a> opened an <a href="https://www.dailywire.com/topic/antitrust" target="_blank" rel="noopener">antitrust</a> lawsuit into the technology firm.
Federal regulators <a href="https://www.dailywire.com/news/justice-department-sues-google-for-alleged-digital-advertising-monopoly" target="_blank" rel="noopener">claimed</a> in the Tuesday complaint that Google monopolizes the tools website publishers use to sell advertisements and that companies utilize to purchase advertisements. Pelosi, who resigned from her leadership position but remains a member of Congress, sold 10,000 shares of Alphabet Class A stock on December 20, December 21, and December 28, according to federal <a href="https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2023/20022260.pdf" target="_blank" rel="noopener">disclosures</a>, marking a combined transaction value between $1.5 million and $3 million. The disclosures were digitally signed by the lawmaker on January 12.
Although shares for Google have increased roughly 8% over the past month, the company’s stock price declined some 6% this week as news of the antitrust lawsuit became public.
Officials claimed that Google has engaged in a “pattern of acquisitions to obtain control over key digital advertising tools” and has manipulated auctions to “deprive rivals of scale.” Such moves may violate the Sherman Act, which outlaws “monopolization, attempted monopolization, or conspiracy or combination to monopolize” deemed <a href="https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/antitrust-laws" target="_blank" rel="noopener">unreasonable</a> by the court system. Google said in a statement that the Justice Department lawsuit attempts to “pick winners and losers” in the “highly competitive” advertising technology space.
Pelosi and her husband, Paul, have been repeatedly accused of leveraging insider knowledge that the veteran lawmaker holds in order to increase earnings in the stock market. The filing also revealed that the top Democrat sold shares of Netflix, PayPal, Salesforce, Tesla, and Disney.
Paul Pelosi appeared to have cut losses in software company Nvidia last year before the United States placed new restrictions on computer chip sales to China and Russia. He sold 25,000 shares of Nvidia on July 26 at an average price of $165.05, causing a loss of $341,365, according to a set of <a href="https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2022/20021438.pdf" target="_blank" rel="noopener">disclosures</a>. One month later, Nvidia revealed that the government imposed export restrictions on the company’s A100 and forthcoming H100 circuits. The new regulations will “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user’ in China and Russia,” Nvidia said in a regulatory <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001045810/000104581022000146/nvda-20220826.htm" target="_blank" rel="noopener">filing</a>.
The couple has also placed stock market bets in the middle of heated policy debates in Congress. In 2021, Paul Pelosi <a href="https://www.dailywire.com/news/pelosis-husband-makes-big-tech-stock-moves-again-places-6-million-bet-as-congress-looks-to-rein-in-silicon-valley" target="_blank" rel="noopener">bought</a> over $6 million in options contracts related to technology stocks while lawmakers worked on antitrust legislation.
Asset purchases from members of Congress and their immediate families amounted to $267 million in 2021, according to a <a href="https://www.dailywire.com/news/sat-members-of-congress-and-their-families-traded-over-630-million-in-stocks-this-year" target="_blank" rel="noopener">report</a> from the New York Times’ DealBook, while sales amounted to $364 million. Officials working at the Federal Reserve have also <a href="https://www.dailywire.com/news/after-ethics-review-fed-bars-top-officials-from-trading-individual-stocks" target="_blank" rel="noopener">faced criticism</a> for purchasing individual stocks amid their work to chart the nation’s monetary policy.
Sen. Josh Hawley (R-MO) recently <a href="https://www.dailywire.com/news/sen-hawleys-insider-trading-bill-returns-to-congress-under-new-title-pelosi-act" target="_blank" rel="noopener">introduced</a> the Preventing Elected Leaders from Owning Securities and Investments Act, also known as the PELOSI Act, in order to address the phenomenon of lawmakers using inside information to benefit financially. The legislation would ban politicians from holding individual stocks, diversified mutual funds, and exchange-traded funds. “For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” Hawley said in a <a href="https://twitter.com/abigailmarone/status/1617934984568012800" target="_blank" rel="noopener">news release</a>.

Nancy Pelosi

Pelosis Dumped Google Stock Weeks Before Justice Department Unveiled Antitrust Lawsuit

Pelosis Sold Google Stock Shortly Before Antitrust Lawsuit

Congress

Department of Justice

Google

Paul Pelosi

Stock Market

U.S.

The Biden administration’s <a href="https://www.dailywire.com/topic/department-of-justice" target="_blank" rel="noopener">Justice Department</a> and several state attorneys general filed suit against <a href="http://dailywire.com/topic/google" target="_blank" rel="noopener">Google</a> on Tuesday for allegedly <a href="https://www.dailywire.com/topic/antitrust" target="_blank" rel="noopener">monopolizing</a> various digital advertising <a href="http://dailywire.com/topic/technology" target="_blank" rel="noopener">technologies</a>.
The agency claimed Google monopolizes the tools that website publishers use to sell advertisements and that companies utilize to purchase advertisements. The civil antitrust suit, which follows another <a href="https://www.justice.gov/opa/pr/justice-department-sues-monopolist-google-violating-antitrust-laws" target="_blank" rel="noopener">complaint</a> issued by the Trump administration’s Justice Department three years ago related to the company’s alleged monopoly over search advertising, is backed by the attorneys general of California, Colorado, Connecticut, New Jersey, New York, Rhode Island, Tennessee, and Virginia.
“Today’s complaint alleges that Google has used anticompetitive, exclusionary, and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising technologies,” Attorney General Merrick Garland said in a <a href="https://www.justice.gov/opa/pr/justice-department-sues-google-monopolizing-digital-advertising-technologies" target="_blank" rel="noopener">press release</a>. “The Justice Department will vigorously enforce our antitrust laws to protect consumers, safeguard competition, and ensure economic fairness and opportunity for all.”
Shares for Alphabet fell nearly 2% on Tuesday; the company’s stock price has declined 25% over the past year, exceeding 9% decreases in the S&amp;P 500 and 18% decreases in the technology-heavy NASDAQ Composite.
The Justice Department claimed that Google has engaged in a “pattern of acquisitions to obtain control over key digital advertising tools” and has manipulated advertising auctions to “deprive rivals of scale.” Such moves may violate the Sherman Act, which outlaws &#8220;monopolization, attempted monopolization, or conspiracy or combination to monopolize” deemed <a href="https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/antitrust-laws" target="_blank" rel="noopener">unreasonable</a> by the court system.
“The complaint filed today alleges a pervasive and systemic pattern of misconduct through which Google sought to consolidate market power and stave off free-market competition,” Deputy Attorney General Lisa Monaco said in the release. “In pursuit of outsized profits, Google has caused great harm to online publishers and advertisers and American consumers.”
Google said in a statement that the Justice Department lawsuit attempts to “pick winners and losers” in the “highly competitive” advertising technology space. &#8220;It largely duplicates an unfounded lawsuit by the Texas Attorney General, much of which was recently dismissed by a federal court,” a spokesperson told multiple media outlets, contending that the Justice Department is “doubling down on a flawed argument that would slow innovation, raise advertising fees, and make it harder for thousands of small businesses and publishers to grow.”
Google accounted for some 29% of the total digital advertising revenue generated in the United States as of 2021, according to <a href="https://www.statista.com/statistics/242549/digital-ad-market-share-of-major-ad-selling-companies-in-the-us-by-revenue/#:~:text=In%202021%2C%20Google%20accounted%20for,23.8%20and%2011.3%20percent%2C%20respectively." target="_blank" rel="noopener">data</a> from eMarketer. Meta and Amazon followed with 24% and 11% of advertising revenues respectively.
The news of the antitrust lawsuit comes as Google parent company Alphabet announces significant headcount reductions. Alphabet CEO Sundar Pichai informed staff members that roughly 12,000 positions would be <a href="https://www.dailywire.com/news/the-white-house-brushed-off-concerns-about-mass-firings-at-microsoft-and-amazon-now-google-is-laying-off-employees-too" target="_blank" rel="noopener">eliminated</a> as a result of macroeconomic turmoil and the need to manage costs, affecting roughly 6% of the company’s <a href="https://abc.xyz/investor/static/pdf/2022Q3_alphabet_earnings_release.pdf?cache=4156e7f" target="_blank" rel="noopener">workforce</a> of nearly 187,000.
The Children’s Investment Fund Management CEO Christopher Hohn <a href="https://www.dailywire.com/news/google-should-dismiss-more-employees-cut-excessive-salaries-from-median-300k-investor-argues" target="_blank" rel="noopener">called</a> for Alphabet to reduce headcount by another 25,000 workers, referencing excessive median salaries surpassing $300,000 and rapid growth in payrolls. “I am encouraged to see that you are now taking some action to right size Alphabet’s cost base and understand that it is never an easy decision to let people go,” he told Pichai. “Ultimately management will need to go further.”

American multinational technology company Google logo seen

Justice Department Sues Google For Alleged Digital Advertising Monopoly

Justice Department Files Second Antitrust Lawsuit Against Google

Big Tech

Technology

Regulators at the <a href="https://www.dailywire.com/topic/antitrust" target="_blank" rel="noopener">Federal Trade Commission</a> are attempting to block <a href="http://dailywire.com/topic/microsoft" target="_blank" rel="noopener">Microsoft</a> from acquiring video game developer <a href="https://www.dailywire.com/topic/gaming" target="_blank" rel="noopener">Activision Blizzard</a> for $69 billion, claiming that the merger would enable the <a href="http://dailywire.com/topic/technology" target="_blank" rel="noopener">technology</a> conglomerate to reduce market competition with subsidiary Xbox.
The agency contended in a <a href="https://www.ftc.gov/news-events/news/press-releases/2022/12/ftc-seeks-block-microsoft-corps-acquisition-activision-blizzard-inc" target="_blank" rel="noopener">press release</a> that Microsoft routinely acquires gaming companies to “suppress competition from rival consoles.” Members of the commission voted three to one on issuing the legal complaint.
“Microsoft has already shown that it can and will withhold content from its gaming rivals,” FTC Bureau of Competition Director Holly Vedova remarked. “Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.”
Stock prices for Activision, which develops popular games such as Call of Duty and World of Warcraft, have risen more than 11% since the beginning of the year, but fell 1.4% on Thursday. Shares for Microsoft, which have fallen more than 26% this year, increased by 1%.
Microsoft President Brad Smith contested the agency’s sentiments in a <a href="https://twitter.com/BradSmi/status/1600939963377254400" target="_blank" rel="noopener">statement</a> claiming that the firm already addressed antitrust worries from regulators. “We continue to believe that our deal to acquire Activision Blizzard will expand competition and create more opportunities for gamers and game developers,” he remarked. “While we believe in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present it in court.”
Smith argued in an <a href="https://www.wsj.com/articles/microsofts-activision-blizzard-acquisition-is-good-for-gamers-competition-sony-cross-play-ftc-11670260780" target="_blank" rel="noopener">opinion piece</a> for The Wall Street Journal that purchasing Activision will allow Microsoft to more easily compete with Sony and Nintendo, which surpass Xbox in the console gaming space. Revenue generated by the video game platform dropped 3% year-over-year as of the company’s fiscal first quarter, according to an <a href="https://www.microsoft.com/en-us/investor/earnings/fy-2023-q1/press-release-webcast" target="_blank" rel="noopener">earnings report</a>.
“While modern consumers can stream videos or music on multiple devices on low-cost subscription plans, many games can often only be individually purchased and downloaded onto one device,” he wrote. “Microsoft wants to change that by offering consumers the option to subscribe to a cloud gaming service that lets them stream a variety of games on multiple devices for one reasonable fee. It would also benefit developers by allowing them to reach a much broader audience.”
Policymakers at the FTC, however, believe that Microsoft could increase pricing at Activision, which is one of the few game developers creating high-quality products for multiple platforms.
FTC Chair Lina Khan, a 33-year-old who also serves as a law professor at Columbia University, was overwhelmingly <a href="https://www.dailywire.com/news/senate-confirms-32-year-old-antitrust-scholar-as-federal-trade-commission-chair" target="_blank" rel="noopener">approved</a> by the Senate last year on a hawkish approach toward regulating technology companies. A number of antitrust <a href="https://www.dailywire.com/news/bipartisan-antitrust-bills-would-break-up-amazon-google-apple-facebook" target="_blank" rel="noopener">packages</a> have been introduced to Congress by bipartisan coalitions over the past several years with negligible success.
Khan emerged to prominence with an <a href="https://www.yalelawjournal.org/note/amazons-antitrust-paradox" target="_blank" rel="noopener">essay</a> published in the Yale Law Journal, entitled “Amazon’s Antitrust Paradox,” which argued that the nation’s current regime of discouraging predatory pricing is inept to spurn abuses from online platforms.
“The economics of platform markets create incentives for a company to pursue growth over profits, a strategy that investors have rewarded,” she wrote. “Because online platforms serve as critical intermediaries, integrating across business lines positions these platforms to control the essential infrastructure on which their rivals depend. This dual role also enables a platform to exploit information collected on companies using its services to undermine them as competitors.”

Microsoft – Activision

FTC Moves To Block Microsoft’s $69 Billion Purchase Of Activision

FTC Disapproves Of Microsoft's $69 Billion Activision Merger

Microsoft

Republican members of the Senate cautioned attorneys to “preserve relevant documents” as lawmakers float <a href="http://dailywire.com/topic/antitrust" target="_blank" rel="noopener">antitrust</a> investigations regarding the environmental, social, and governance movement, also known as <a href="http://dailywire.com/topic/esg?_gl=1*vzs4hk*_ga*OTAwNTI1NTYwLjE2MTM5NzIxMzI.*_ga_CZKR9ZYKJP*MTY2NzU4NTEyOS4xNDMwLjEuMTY2NzU4NTM5MS42MC4wLjA." target="_blank" rel="noopener">ESG</a>.
A <a href="https://www.cotton.senate.gov/imo/media/doc/esg_letter.pdf" target="_blank" rel="noopener">letter</a>, spearheaded by Sen. <a href="http://dailywire.com/topic/tom-cotton" target="_blank" rel="noopener">Tom Cotton</a> (R-AR), told more than four dozen law firms to warn corporate clients about “the risks they incur by participating in climate cartels and other ill-advised ESG schemes,” referencing the fact that FTC Commissioner Lina Khan recently said during a hearing that there is no “ESG exemption” to antitrust laws.
“The ESG movement attempts to weaponize corporations to reshape society in ways that Americans would never endorse at the ballot box,” the letter stated. “Of particular concern is the collusive effort to restrict the supply of coal, oil, and gas, which is driving up energy costs across the globe and empowering America’s adversaries abroad.”
Beyond asset managers encouraging portfolio companies to rapidly pivot toward renewable energy, six major banks recently came under <a href="https://www.dailywire.com/news/conservative-attorneys-general-investigate-six-major-banks-for-wokeness" target="_blank" rel="noopener">scrutiny</a> from Republican state attorneys general for jointly vowing to discourage fossil fuel use and investment. The financial institutions were served with civil investigative demands requesting details about their involvement with Net-Zero Banking Alliance, a <a href="https://www.unepfi.org/net-zero-banking/" target="_blank" rel="noopener">project</a> of the United Nations which seeks to unify bank portfolios toward the goal of eliminating carbon emissions by 2050.
“Over the coming months and years, Congress will increasingly use its oversight powers to scrutinize the institutionalized antitrust violations being committed in the name of ESG, and refer those violations to the FTC and the Department of Justice,” the letter added. “To the extent that your firm continues to advise clients regarding participation in ESG initiatives, both you and those clients should take care to preserve relevant documents in anticipation of those investigations.”
The letter was also endorsed by Sen. Marsha Blackburn (R-TN), Sen. Chuck Grassley (R-IA), Sen. Mike Lee (R-UT), and Sen. Marco Rubio (R-FL).
Republican officials in South Carolina, Louisiana, Missouri, West Virginia, and Utah have <a href="https://www.dailywire.com/news/missouri-is-the-latest-state-to-divest-from-blackrock-pulls-500-million-in-pension-funds" target="_blank" rel="noopener">divested funds</a> from BlackRock and other asset managers engaged in the ESG movement, under which executives encourage portfolio companies to adopt green energy standards, introduce racial hiring quotas, or otherwise mingle activism with maximizing profits.
Conservatives also argue that the ESG movement threatens the economy of many states by discouraging fossil fuel investment. The government of Texas recently concluded that BlackRock and nine other firms had <a href="https://www.dailywire.com/news/texas-cuts-ties-with-blackrock-other-woke-firms-over-their-hatred-for-fossil-fuels" target="_blank" rel="noopener">violated</a> state law by “refusing to deal with” companies involved in the production and use of fossil fuels “without an ordinary business purpose.”
BlackRock responded to the states’ criticism and <a href="https://www.dailywire.com/news/blackrock-makes-major-change-after-backlash-against-woke-investing" target="_blank" rel="noopener">broader market forces</a> by extending voting choice to more institutional investors, allowing public and private clients to vote their own shares in portfolio companies instead of surrendering such rights to asset managers. “It’s clear there are investors who don’t want to sit on the sidelines; they have a view on corporate governance, and they want a meaningful way to express those views,” BlackRock CEO Larry Fink wrote in a letter. “While some pension funds have long been actively involved in corporate governance, we’re working to make that easier and more efficient for a larger number of investors.”

Tom Cotton

Republican Senators Fire Warning Shot, Threaten To Investigate Woke Corporations Over Anti-Fossil Fuel Collusion

Republican Senators Hint Future Investigations Into ESG

Politics

Three <a href="http://dailywire.com/topic/uber">Uber</a> and <a href="http://dailywire.com/topic/lyft">Lyft</a> drivers filed a class action lawsuit in <a href="http://dailywire.com/topic/california">California</a> on Tuesday over alleged <a href="https://www.dailywire.com/topic/antitrust">anticompetitive</a> practices that impact gig <a href="https://www.dailywire.com/topic/economy">economy</a> workers.
The two firms “label their drivers independent contractors, yet deprive those drivers of economic independence by fixing the prices that drivers must charge to customers for rides,” according to the <a href="https://towardsjustice.org/wp-content/uploads/2022/06/Uber-Lyft-Complaint.6.20.2022-3.pdf">suit</a> filed by legal nonprofit Towards Justice, which argued that the drivers would have increased earnings under a regime with more pricing freedom.
“Uber and Lyft have insisted that they do not employ their drivers,” David Seligman, executive director of Towards Justice, said in a <a href="https://towardsjustice.org/2022/06/21/press-release-drivers-sue-to-block-uber-lyfts-illegal-price-fixing/">press release</a>. “But if Uber and Lyft are not employers responsible to their employees under labor standards laws, then they are powerful corporations that fix prices, abuse their power, and deceive the workers who drive their profits.”
Beyond the purported price fixing, the plaintiffs argue that Uber and Lyft have been taking greater portions of the sums that riders pay for the service.
Two years ago, a California court <a href="https://www.dailywire.com/news/uber-lyft-avoid-state-wide-shutdown-amidst-legal-battle-with-california">ruled in favor</a> of Uber and Lyft in a lawsuit that would have pressed the firms to classify independent contractors as employees. The most recent lawsuit against the firms also comes one year after Democratic lawmakers introduced the Protecting the Right to Organize (PRO) Act, which would <a href="https://www.dailywire.com/news/the-democrats-pro-act-three-things-you-need-to-know">narrow the definition</a> of an independent contractor under the guise of granting them more protections.
“Big Labor incrementally attacks any form of gig work, or contracting, and they come for ride sharing companies first,” Gabriella Hoffman, a freelance media strategist and Townhall columnist who has written extensively about the gig economy, told The Daily Wire. “If you poll rideshare drivers, however, they voluntarily go into this line of work and enjoy the flexibility that comes with the job.”
Indeed, Uber released a poll in 2020 showing that drivers preferred to remain as independent contractors when offered a handful of benefits by the company, according to <a href="https://www.axios.com/2020/08/25/uber-independent-contractors-employees-poll">Axios</a>. Another poll from Lyft likewise showed that most drivers preferred their contractor arrangements.
<a href="https://www.pewresearch.org/internet/2021/12/08/the-state-of-gig-work-in-2021/">Pew Research</a> found in 2021 that 16% of Americans — including 30% of Hispanics, 20% of African Americans, and 12% of whites — have participated in gig economy work, such as shopping for and delivering groceries, cleaning homes, or delivering packages. Young Americans and those with low incomes are most likely to earn money through a gig platform.
“Independent contracting liberates workers from the constraints of traditional work — including unionized jobs,” Hoffman argued. “Workers want more flexibility and freedom to be more fulfilled in their careers. &#8230; Freelancing, as a whole, is a pro-family, pro-free enterprise, pro-free market policy that empowers individuals. And it&#8217;s a great option for women who juggle career and family.”
Although unemployment is presently 3.6% and wages are nominally rising, real average hourly wages <a href="https://www.bls.gov/news.release/realer.nr0.htm">dropped</a> 3% between May 2021 and May 2022 amid rising inflation — meaning that Americans must tighten their budgets or work more than last year to enjoy the same standard of living. Accordingly, a poll taken earlier this year by <a href="https://www.businesswire.com/news/home/20220413006071/en/Rising-Inflation-Leads-More-Workers-to-the-Gig-Economy-Citing-Increased-Expenses-and-Fuel-Costs">Branch and Marqeta</a> showed that 85% of respondents “increased or planned to increase their gig work,” with 58% “citing inflation as the primary reason.”

Close up of young woman using mobile app device on smartphone to arrange taxi ride in downtown city street, with illuminated busy city traffic scene during rush hour with traffic congestion in the evening

New Legal Battle Begins Over Gig Economy Work At Uber And Lyft

Uber And Lyft Drivers Sue Companies For Antitrust Violation

California

Jobs

Lyft

Uber

Senator Josh Hawley (R-MO) on Thursday called for Disney to lose its “copyright protections” and for Major League Baseball (MLB) to lose its “longstanding antitrust exemption.”
In an opinion piece for <a href="https://www.foxnews.com/opinion/end-economic-handouts-woke-corporations-sen-josh-hawley.amp">Fox News</a> entitled “It&#8217;s time to end economic handouts for woke corporations,” the conservative lawmaker wrote that “today’s multinationals have embraced a toxic blend of offshoring and woke politics, selling out American workers even as they attack American values.” 
Hawley emphasized large corporations’ efforts to speak into debates over social policy, especially noting their progressive leanings. “Big business’s priorities now apparently extend to voter ID laws, abortion, and sex education classes for younger and younger children, to name just a few examples,” he said.
In reference to Disney executives’ efforts to inject more LGBTQ representation into its programming while appeasing “Chinese censors” to “avoid losing access to a lucrative market,” Hawley suggested that Congress should end Disney’s copyright protections for characters like Mickey Mouse, which have been “extended further and further into the future.”
Earlier this week, Hawley proposed the “Copyright Clause Restoration Act,” which would limit new copyright protections to 56 years and retroactively change protections for companies like Disney that “have been granted unnecessarily long copyright monopolies.”
“Under Congress’s current sweetheart deal, companies like Disney have been granted certain copyright protections for up to 120 years — well beyond the original maximum of 28 years,” a <a href="https://www.hawley.senate.gov/hawley-introduces-bill-strip-disney-special-copyright-protections">statement</a> from the lawmaker’s office explained. 
Hawley also argued in his opinion piece that MLB was “all too happy to try to bully the State of Georgia over its election integrity laws.” He said it should therefore “lose its longstanding antitrust exemption, which no other industry enjoys in the same way.” He also called for “a flat ban on further acquisitions” for “the very largest firms.”
Last year, Hawley and other Republican lawmakers <a href="https://www.dailywire.com/news/cruz-hawley-lee-team-up-on-bill-to-strip-mlb-of-monopoly-protections-over-georgia-boycott">introduced</a> a bill to strip MLB of its antitrust exemptions after it chose to relocate its 2021 All-Star Game and rookie draft out of Atlanta in response to election reform efforts. 
“By eliminating special preferences and carve outs, we can support competition in the economy, and encourage innovation and the rise of new firms that can challenge the big incumbents, all while turbocharging prosperity here at home,” Hawley concluded.
Indeed, Hawley is a leading voice among Republican proponents of antitrust legislation. Last spring, he <a href="https://www.hawley.senate.gov/senator-hawley-introduces-bust-big-tech-act">proposed</a> the “Bust Up Big Tech Act” to break up companies “seeking to dominate multiple industries simultaneously.”
“Woke Big Tech companies like Google and Amazon have been coddled by Washington politicians for years,” Hawley said. “This treatment has allowed them to amass colossal amounts of power that they use to censor political opinions they don’t agree with and shut out competitors who offer consumers an alternative to the status quo. It’s past time to bust up Big Tech companies, restore competition, and give the power back to the American consumers.”
Last summer, a bipartisan group of lawmakers likewise introduced a <a href="https://www.dailywire.com/news/bipartisan-antitrust-bills-would-break-up-amazon-google-apple-facebook">suite of antitrust bills</a> meant to limit the market power of technology companies. While conservatives like Rep. Ken Buck (R-CO) noted the censorship of free speech, progressives like Rep. Pramila Jayapal (D-WA) stressed the maxim of “people over profits.”
(Disclosure: The Daily Wire has <a href="https://www.dailywire.com/videos/introducing-dw-kids">announced</a> plans for kids entertainment content.)

Senate Moves Ahead With Ketanji Brown Jackson’s Supreme Court Nomination

‘End Economic Handouts For Woke Corporations’: Josh Hawley Calls For Disney To Lose Copyright Protections, MLB To Lose Antitrust Exemption

Senator Josh Hawley Argues 'Woke' Disney And MLB Should Lose Special 'Handouts' From Congress

Corporations

Disney

Josh Hawley

Elon Musk&#8217;s $44 billion buyout of Twitter is being reviewed by the Federal Trade Commission (FTC), according to a new report.
Bloomberg News first reported the news on Thursday, with the FTC declining to comment.
&#8220;Under U.S. merger law, Musk is required to notify the FTC and the Justice Department of the transaction and wait at least 30 days before closing to allow an investigation into potential antitrust concerns,&#8221; Bloomberg <a href="https://www.bloomberg.com/news/articles/2022-05-05/musk-faces-ftc-antitrust-review-on-twitter-alongside-stock-probe" target="_blank" rel="noopener">reported</a>.
&#8220;The FTC can ask for additional information, issuing what’s known as a second request, which would further delay closing,&#8221; the report added.
The deal is not expected to be blocked, but critics have claimed the new purchase will give Musk too much control over free speech.
A letter sent by more than two dozen groups after the announcement that Musk&#8217;s offer to buy Twitter had been accepted has also sought to discredit his purchase by urging advertisers to boycott the platform.
“In a letter sent to brands Tuesday ahead of the 2022 NewFronts digital advertising conference, more than two dozen civil society groups said marketers should secure commitments from Twitter to retain its most critical policies, including on civic integrity and hateful conduct, and threaten to withdraw funding if Twitter does not comply,” CNN <a href="https://www.cnn.com/2022/05/03/tech/twitter-letter-content-policies/index.html?utm_term=link&amp;utm_source=twCNN&amp;utm_content=2022-05-03T19%3A15%3A05&amp;utm_medium=social" target="_blank" rel="noopener">reported</a> in the article Musk linked in one of his own posts responding to the controversy.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Who funds these organizations that want to control your access to information? Let’s investigate …<a href="https://t.co/dBFsGjOMC8">https://t.co/dBFsGjOMC8</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1521574041814978562?ref_src=twsrc%5Etfw">May 3, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Musk questioned the effort in another <a href="https://twitter.com/elonmusk/status/1521950798745194496" target="_blank" rel="noopener">post</a>, stating, &#8220;I wonder if those funding these organizations are fully aware of what the organizations are doing.&#8221;
In addition, on Wednesday, a digital safety committee within the U.K. Parliament invited Musk to answer questions about his new changes for Twitter.
The Daily Wire previously <a href="https://www.dailywire.com/news/elon-musk-invited-to-testify-about-twitter-by-u-k-parliament" target="_blank" rel="noopener">noted</a> the U.K. government&#8217;s concerns may be related to new draft legislation revealed in March that included potential criminal prosecution of big tech leaders who fail to comply with the country’s online safety rules.
In contrast, Federal Communications Commission (FCC) Commissioner Nathan Simington <a href="https://www.dailywire.com/news/plainly-un-american-fcc-commissioner-shoots-down-leftist-calls-to-stop-elon-musk-buying-twitter" target="_blank" rel="noopener">dismissed</a> calls for the FCC to stop Elon Musk’s acquisition of Twitter, instead calling for regulators and the general public to welcome it as a win for freedom of speech online.
“Some have recently called on the FCC to stop Elon Musk from acquiring Twitter,” Simington said in a <a href="https://www.fcc.gov/document/simington-comments-acquisition-twitter">statement</a> Monday. “But nothing in the United States Code or our regulations gives us the right to interfere with this transaction. Our competition review authority does not and has never extended to internet platforms like Twitter.”
Fellow Commissioner <a href="https://www.fcc.gov/document/carr-rejects-call-fcc-block-musks-purchase-twitter">Brendan Carr</a> rejected the notion after Left-wing advocacy group <a href="https://www.openmarketsinstitute.org/publications/open-markets-details-how-us-government-can-block-musk-takeover-of-twitter">Open Markets Institute</a> published a statement calling on the FCC, FTC, and DOJ to block the purchase. “The FCC has no authority to block Elon Musk’s purchase of Twitter, and to suggest otherwise is absurd,” Carr said. “I would welcome the full FCC making it clear that we will not entertain these types of frivolous arguments.”

Elon Musk

Elon Musk’s Twitter Buyout To Face FTC Antitrust Review: Report

Elon Musk's $44 Billion Twitter Buyout To Face Antitrust Review By FTC: Report

Social Media

Twitter

The Federal Trade Commission (FTC) will be handling the antitrust review in the United States of Microsoft’s proposed multi-billion dollar acquisition of gaming giant Activision Blizzard Inc., according to reports.
“The FTC will oversee the investigation into whether the takeover will harm competition, instead of the Justice Department, said the person, who wasn’t authorized to speak publicly about the review. The two agencies share responsibility for antitrust reviews of mergers and often reach agreements about which one will investigate a deal,” <a href="https://www.bloomberg.com/news/articles/2022-02-01/microsoft-deal-for-activision-to-be-reviewed-by-ftc-in-u-s">Bloomberg</a> reported. “FTC Chair Lina Khan has long advocated for a more forceful approach to reviewing deals, particularly by the biggest technology companies, which she says are able to leverage their dominance in one line of business to gain power in other markets. Under her leadership, the agency has sued to block two major takeovers — Nvidia Corp.’s proposed purchase of Arm Ltd. and Lockheed Martin Corp.’s deal to buy of Aerojet Rocketdyne Holdings Inc.”
Microsoft <a href="https://www.dailywire.com/news/microsoft-to-buy-activision-blizzard-for-68-7-billion-in-all-cash-deal">announced</a> its plans to buy gaming giant Activision Blizzard in a deal worth a reported $68.7 billion back in January.
“With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment,” the Big Tech icon announced in a <a href="https://news.microsoft.com/2022/01/18/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device/">statement</a>. “Today, Microsoft Corp. announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.”
“When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony,” Microsoft announced. “The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like ‘Warcraft,’ ‘Diablo,’ ‘Overwatch,’ ‘Call of Duty’ and ‘Candy Crush,’ in addition to global eSports activities through Major League Gaming. The company has studios around the world with nearly 10,000 employees.”
“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Satya Nadella, executive chairman and CEO, Microsoft. “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”
“Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them,” said Phil Spencer, CEO, Microsoft Gaming. “Together we will build a future where people can play the games they want, virtually anywhere they want.”
“For more than 30 years our incredibly talented teams have created some of the most successful games,” said Bobby Kotick, CEO, Activision Blizzard, who will continue to serve in this role following the acquisition. “The combination of Activision Blizzard’s world-class talent and extraordinary franchises with Microsoft’s technology, distribution, access to talent, ambitious vision and shared commitment to gaming and inclusion will help ensure our continued success in an increasingly competitive industry.”
This acquisition would be the largest ever by Microsoft, as well as within the gaming world, with the company expecting the deal “to close in fiscal year 2023.” 
Ian Haworth is an Editor and Writer for The Daily Wire. Follow him on Twitter at<a href="https://twitter.com/ighaworth"> @ighaworth</a>.

FTC Will Review Microsoft’s $68.7 Billion Activision Blizzard Deal

Video Games

On Wednesday, Sen. Ted Cruz (R-TX) had a 40-minute phone conversation with Apple chief executive Tim Cook about pending antitrust legislation.
According to <a href="https://www.cnbc.com/2022/01/20/senate-to-mark-up-antitrust-bills-targeting-apple-google-and-amazon.html">CNBC</a>, the Senate Judiciary Committee — of which Cruz is a member — will discuss bipartisan legislation such as the Open App Markets Act and the American Innovation and Choice Online Act at the end of this week. Both bills are meant to curb technology companies’ abilities to give preference to their own services on platforms that they created.
Cruz said that Cook “expressed significant concerns” during their phone call — specifically with the American Innovation and Choice Online Act.
“One issue that he raised, that I thought was a reasonable issue, was a concern that the bill would erect obstacles to Apple giving consumers the ability to opt out of apps monitoring what they’re doing online, where they’re going, and what’s occurring on their phone,” Cruz said, as reported by <a href="https://www.cnbc.com/2022/01/20/ted-cruz-spoke-to-apple-ceo-tim-cook-for-40-minutes-about-antitrust.html">CNBC</a>. “I want to clarify for the record that I don’t read the language of this bill as applying to or as being intended to apply to tech companies giving consumers the ability to to exercise choice or to opt out of privacy-invasive policies.”
Cruz is driven by a desire to ensure that online platforms do not censor debate — an objective shared by many other Republican officials. Last month, for example, Governor Ron DeSantis (R-FL) <a href="https://www.dailywire.com/news/desantis-big-tech-has-become-the-censorship-arm-of-the-democratic-party">called</a> technology conglomerates “the censorship arm of the Democratic Party and political Left, silencing and de-platforming anyone who rejects the chosen left-wing narrative.”
“Silicon Valley oligarchs shouldn’t be the arbiters of free speech in our country. We must fight back!” he added.
More recently, Sen. Rand Paul (R-KY) <a href="https://www.dailywire.com/news/they-just-want-my-silence-rand-paul-quits-youtube-slams-big-tech-censorship">published</a> an opinion piece announcing that he would begin an exodus from “Big Tech” — beginning with YouTube.
“Everyone complains about Big Tech. The Left says Big Tech doesn’t censor enough. The right complains that Big Tech censors too much already,” Paul said. “Many in Congress, on the Left and the Right, want to break up or regulate Big Tech, but few of these loud voices have actually stepped up and quit using Big Tech.”
Paul slammed YouTube for deleting videos — including those he said included substantiated claims about the efficacy of cloth masks.
“A hallmark of the scientific method is to challenge and disprove a hypothesis,” Paul argued. “Yet we have abandoned science and rational debate for an almost religious adherence to the edicts of government bureaucrats like Anthony Fauci. To challenge the data is to be a ‘denier’ or ‘conspiracist’ who must be silenced.”
“An entire generation of young people, who use these platforms exclusively for their news, will never read or hear of opinions or ideas that challenge the Big Government / Big Tech orthodoxy,” Dr. Paul wrote later. “If they do happen to see, for example, an article claiming that the coronavirus could have originated with a lab leak in Wuhan, it is quickly condemned as ‘debunked’ or a ‘conspiracy’ by the invisible, all-knowing ‘fact-checkers’ employed by Big Tech. Until of course, it isn’t — but by then, it’s too late, public attention has moved on, the damage done.”

Ted Cruz

As Senate Weighs Antitrust Bills, Apple’s CEO Called Ted Cruz With ‘Significant Concerns’

Apple

Tim Cook

The Senate approved Jonathan Kanter on Tuesday as a key antitrust official in the Department of Justice.
In a 68-29 vote, Kanter was greenlighted to serve as the United States assistant attorney general for the Antitrust Division — which has exclusive jurisdiction over criminal antitrust cases.
<a href="https://www.nytimes.com/2021/11/16/technology/senate-approves-jonathan-kanter.html">The New York Times</a> explained that Kanter has a history of opposing Big Tech firms:
<blockquote>Mr. Kanter has fought Google and other tech giants for years — mostly as a lawyer representing rivals such as Microsoft, Uber, Yelp and News Corp. He joins other prominent critics of Silicon Valley in government roles, including Lina Khan, the chair of the Federal Trade Commission, who gained notoriety after writing a paper in law school arguing an antitrust theory against Amazon. Together, the two antitrust enforcers will lead landmark cases against Google and Facebook.</blockquote>
However, <a href="https://www.cnbc.com/2021/11/16/senate-confirms-jonathan-kanter-to-lead-doj-antitrust-division.html">CNBC</a> added that Kanter’s past work may complicate his role in the federal government:
<blockquote>As the DOJ’s new antitrust chief, Kanter will inherit a lawsuit against Google filed during the Trump administration. But it’s unclear if Kanter will recuse himself from the case, given his past work for Google rivals, including Yelp and Microsoft.
The DOJ has also reportedly looked into competition concerns around Apple. Kanter has done work for Spotify, which competes with Apple Music.
Kanter told lawmakers he would consult with ethics officials at the DOJ about recusal if confirmed. Still, he would be in position to appoint deputies that could assist his antitrust approach.</blockquote>
“Mr. Kanter is a distinguished antitrust lawyer with decades of experience in the public and private sectors,” <a href="https://www.durbin.senate.gov/newsroom/press-releases/senate-confirms-jonathan-kanter-as-assistant-attorney-general-at-doj-antitrust-division">said</a> Senate Majority Whip Dick Durbin (D-IL). “He is a highly influential advocate for strong and meaningful antitrust enforcement — with a special focus on the digital economy. With his extensive experience, deep knowledge of the law, and masterful understanding of the challenges facing antitrust law enforcers, Mr. Kanter will be an outstanding addition to the Justice Department.”
As <a href="https://www.dailywire.com/news/ftc-chair-reveals-assertive-posture-toward-antitrust-policy">The Daily Wire</a> previously reported, Lina Khan — a 32-year-old Columbia University law professor — was confirmed in June to lead the Federal Trade Commission, which carries out the federal government’s enforcement of antitrust and consumer protection laws. Some Republicans — such as Sen. Ted Cruz (R-TX) — approved her hawkish approach toward regulating technology firms.
As Silicon Valley companies have accrued market share, both progressives and conservatives have called for harsher federal antitrust action. Earlier this year, several lawmakers — including Rep. Pramila Jayapal (D-WA) and Rep. Ken Buck (R-CO) — introduced a <a href="https://www.dailywire.com/news/bipartisan-antitrust-bills-would-break-up-amazon-google-apple-facebook">package</a> of five bills that would break up companies like Apple, Google, and Amazon.
“Not only is self-regulation by Big Tech patently ineffective, but it also comes at the direct expense of workers, consumers, small businesses, our local communities, and the free press,” said Jayapal. “From Amazon and Facebook to Google and Apple, it is clear that these unregulated tech giants have become too big to care and too powerful to ever put people over profits.”
Buck added: “Big Tech has abused its dominance in the marketplace to crush competitors, censor speech, and control how we see and understand the world.”

Senate Judiciary Holds Nominations For U.S. Judicial Positions

Big Tech Critic Confirmed As DOJ Antitrust Czar

Biden Administration

The Senate confirmed progressive-leaning Biden nominee Lina Khan to serve as Commissioner of the Federal Trade Commission.
Khan received <a href="https://www.wsj.com/articles/big-tech-adversary-poised-to-take-assertive-ftc-antitrust-role-11621785601?mod=article_inline">support</a> from both sides of the aisle due to her willingness to break up Big Tech companies.
The Wall Street Journal <a href="https://www.wsj.com/articles/lina-khan-critic-of-large-tech-firms-confirmed-for-federal-trade-commission-11623774742?mod=hp_lead_pos11">reports</a>:
<blockquote>Ms. Khan, a 32-year-old Columbia University law professor who has been a vocal critic of powerful technology companies, was confirmed on a 69-28 vote. With her confirmation secured, Mr. Biden immediately designated her as FTC chairwoman, a move that caps the ascendancy of a progressive camp that favors far-reaching changes to antitrust enforcement.
Ms. Khan has been the leader of that movement, which believes the current decadeslong approach has done too little to restrain corporate dominance and stop mergers that have eroded competition. She has argued in favor of blocking more mergers, aggressively attacking monopolistic practices and potentially breaking up some of America’s largest companies.</blockquote>
“I’m so grateful to the Senate for my confirmation,” said Khan. “Congress created the FTC to safeguard fair competition and protect consumers, workers, and honest businesses from unfair &amp; deceptive practices. I look forward to upholding this mission with vigor and serving the American public.”
<a href="https://twitter.com/linamkhan/status/1404841168182169602">https://twitter.com/linamkhan/status/1404841168182169602</a>
While <a href="https://www.wsj.com/articles/lina-khan-critic-of-large-tech-firms-confirmed-for-federal-trade-commission-11623774742?mod=hp_lead_pos11">announcing</a> her nomination in March, the White House emphasized Khan’s antimonopoly work:
<blockquote>Lina Khan is an associate professor of law at Columbia Law School, where she teaches and writes about antitrust law, infrastructure industries law, and the antimonopoly tradition… Khan previously served as counsel to the U.S. House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law, where she helped lead the Subcommittee’s investigation into digital markets. Khan was also a legal advisor in the office of Commissioner Rohit Chopra at the Federal Trade Commission and legal director at the Open Markets Institute.</blockquote>
Khan’s confirmation occurs as lawmakers — both Democrats and Republicans — prepare legislation that would regulate large firms’ domination of the technology sector.
House members released a <a href="https://www.dailywire.com/news/bipartisan-antitrust-bills-would-break-up-amazon-google-apple-facebook">package</a> of five bills that would “expand opportunities for consumers, workers, and small business owners by holding unregulated Big Tech monopolies accountable for anti-competitive conduct.” Among other actions, the legislation aims to restrict dominant platforms’ ability to “leverage their control over across multiple business lines to self-preference and disadvantage competitors in ways that undermine free and fair competition.”
A few days later, Sen. Chuck Grassley (R-IA) and Sen. Mike Lee (R-UT) unveiled the Tougher Enforcement Against Monopolies (TEAM) Act in order to protect competition while minimizing government intervention.
“Anticompetitive and monopolistic business practices hurt innovation and consumers,” Grassley explained. “This bill streamlines and strengthens antitrust enforcement and holds bad actors accountable for their anticompetitive actions while preserving a free market.”
Sen. Josh Hawley (R-MO) recently introduced the “Bust Up Big Tech Act,” which would “break up Big Tech companies seeking to dominate multiple industries simultaneously.”
“Woke Big Tech companies like Google and Amazon have been coddled by Washington politicians for years,” remarked Hawley in April. “This treatment has allowed them to amass colossal amounts of power that they use to censor political opinions they don’t agree with and shut out competitors who offer consumers an alternative to the status quo. It’s past time to bust up Big Tech companies, restore competition, and give the power back to the American consumers.”

Stocks Take Another Dive

Senate Confirms 32-Year-Old Antitrust Scholar As Federal Trade Commission Chair

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