Congress Faces Renewed Pressure to ‘Modernize Our Antitrust Laws’
The New York Times
After a federal judge threw out state and federal competition cases against Facebook, calls grew for lawmakers to quickly reform century-old monopoly laws.
WASHINGTON — When the nation’s antitrust laws were created more than a century ago, they were aimed at taking on industries such as Big Oil. But technology giants like Amazon, Facebook, Google and Apple, which dominate e-commerce, social networks, online advertising and search, have risen in ways unforeseen by the laws. In recent decades, the courts have also interpreted the rules more narrowly. On Monday, a pair of rulings dismissing federal and state antitrust lawsuits against Facebook renewed questions about whether the laws were suited to taking on tech power. A federal judge threw out the federal suit because he said that the Federal Trade Commission had not supported its claims that Facebook holds a dominant market share, and that the states waited too long to make their case.
The canal’s two biggest ports are operated by a Hong Kong company with global reach. The Trump administration sees a Chinese threat to U.S. security.
The distinctive domed building, turning 50 this year, is known for hosting the Super Bowl, but to locals, it’s also “the city’s living room.”
Black-owned brands got a foot in the door through accelerator programs at big retailers like Target and Amazon. Now they worry the door might be closing.
The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.
American companies intent on making goods in the United States are fretting over the impact of tariffs on their access to parts and raw materials.
A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.
The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.
Canada, Mexico and China account for more than a third of the products brought into the United States. Tariffs could lead to higher prices for consumers.