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The U.S. Department of Justice's case against Google Search went to trial last month , with the agency alleging Google unfairly used exclusive deals with mobile companies and browser firms to make its search engine the default for consumers. The Wall Street analyst estimated that Apple earns between $18 billion to $20 billion a year from Alphabet for making Google the default search engine on Apple products. Google has repeatedly rejected the DOJ's claims, arguing its search engine is simply a superior product relative to that of competitors. Google Search didn't become the dominant search engine because of a tie-in with Apple. AAPL YTD mountain Apple (AAPL) year-to-date performance When it comes to Apple, we have found that the best strategy for long-term investors like us is to block out the noise.
Persons: Apple, Bernstein, Toni Sacconaghi, John E, Bernstein's Sacconaghi, Sacconaghi, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker Organizations: U.S . Department, Google, Apple, Wall, Big Tech, CNBC, White, Washington , D.C, Getty Locations: U.S, Washington ,
REUTERS/Amanda Andrade-Rhoades./File Photo Acquire Licensing RightsOct 4 (Reuters) - The U.S. Justice Department will not target companies that disclose wrongdoing they find by businesses they are buying in a bid to encourage more self-disclosure, the Deputy Attorney General said on Wednesday. To get credit, companies must disclose the misconduct discovered at the other firm within six months of the deal closing, and they will have one year from closing to fully remediate, Monaco said. The new program is the latest in a series of policy changes announced under President Joe Biden designed to simultaneously promote corporate compliance while holding bad actors more accountable. Earlier this year, the Justice Department rolled out a new clawback program designed to have executives foot the bill for misconduct. The agency has been boosting resources for corporate criminal enforcement, Monaco said when asked about a slowdown in enforcement.
Persons: Lisa O, Monaco, Amanda Andrade, Rhoades, General, Lisa Monaco, Joe Biden, Chris Prentice, Andrew Goudsward, Bill Berkrot Organizations: Department of Justice, REUTERS, U.S . Justice, DOJ, Justice Department, Monaco, Albemarle Corp, Thomson Locations: Ukraine, Russian, Washington ,, Chicago, Monaco
[1/3] The word "justice" is seen engraved at the headquarters of the United States Department of Justice (DOJ) in Washington, D.C., U.S., May 10, 2021. "Agri Stats operates its information exchanges to promote total industry profits at the expense of competition," said the DOJ's complaint. Attorney Justin Bernick of law firm Hogan Lovells, which is representing Agri Stats in the DOJ case, said the company denies the allegations. "Agri Stats provides vital benchmarking services that help keep production costs and prices low for consumers," Bernick said in an email. Tyson did not respond to questions about whether the company uses Agri Stats reports or provide comment on the lawsuit.
Persons: Andrew Kelly, Justin Bernick, Hogan Lovells, Bernick, Tyson, Leah Douglas, Barbara Lewis, Leslie Adler Organizations: United States Department of Justice, Washington , D.C, REUTERS, U.S . Department of Justice, Agri, Smithfield Foods, Tyson Foods, DOJ, Thomson Locations: Washington ,, U.S
Insider has asked Apple, Google and Amazon for comment on various antitrust allegations in the past. But consumers don't pay for Google Search. The results of a Google search Alistair Barr/Insider/GoogleThe Amazon situation is similar. Marketpulse estimated earlier this year that Amazon sellers pay more than 50% of their revenue to Amazon in fees now. The results of an Amazon search Alistair Barr/Insider/AmazonEven Apple does this in its App Store.
Persons: , Mark Schlisky, didn't, Lina Kahn, haven't, Vail, Alistair Barr, superstores, Burton Organizations: FTC, Amazon, DOJ, Google, Apple, Service, Bernstein, Big Tech, Ikon, Epic's, Epic, Vail Resorts
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's Eddy Cue testifies in DOJ's antitrust case against GoogleCNBC's Steve Kovach reports on the latest news from Apple's team in the antitrust case for Google.
Persons: Steve Kovach Organizations: Google
U.S. Attorney General Merrick Garland testifies during a hearing of the House Judiciary Committee on oversight of the Department of Justice, on Capitol Hill, in Washington, D.C., Sept. 20, 2023. WASHINGTON — Attorney General Merrick Garland delivered a full-throated defense of federal law enforcement officers and the Department of Justice in testimony Wednesday before the Republican-led House Judiciary Committee. Even the official announcement of the oversight hearing underscored Jordan's political agenda, explaining that lawmakers intended to "examine how the Justice Department has become politicized and weaponized under the leadership of Attorney General Merrick Garland." Our job is not to take orders from the president, from Congress, or from anyone else, about who or what to criminally investigate," the attorney general said. Garland said, "All of us at the Justice Department recognize that with this work comes public scrutiny, criticism, and legitimate oversight."
Persons: General Merrick Garland, Garland, Jim Jordan, Jordan, Donald Trump, Joe Biden's, Hunter Biden, Jack Smith, Delaware David Weiss, Weiss, Trump, Smith Organizations: Department of Justice, Capitol, Washington , D.C, Ohio Republican, WASHINGTON —, Republican, Justice Department, House Republicans, Trump, U.S, Attorney Locations: Washington ,, WASHINGTON, Delaware
Elon Musk's SpaceX sued the U.S. Department of Justice in a Texas federal court, as the company aims to stop the DOJ's hiring discrimination case on constitutional grounds. Unlike SpaceX's suit, filed in the Southern District of Texas, the DOJ suit was filed within a division of the agency that adjudicates immigration cases, a key point of contention in the company's response. "SpaceX has not engaged in any practice or pattern of discriminating against anyone, including asylees or refugees. SpaceX's suit names a trio of defendants, including U.S. Attorney General Merrick Garland. SpaceX's hiring tops the acceptance rates of even the most selective, elite U.S. colleges, as "only about 1% of applications result in a hire," according to the company.
Persons: Elon, Akin Gump Strauss Hauer, Feld, General Merrick Garland Organizations: SpaceX, U.S . Department of Justice, DOJ, Southern District of, U.S, Export Administration, Persons Locations: Texas, U.S, Southern District, Southern District of Texas
DOJ lawyers say Google is using deals with the likes of Apple to preserve its dominance over search. Google denied this, and said that Google search is simply better than the competition. The internet giant is being sued by the DOJ in the biggest tech antitrust trial in 20 years. The DOJ's lawsuit, which was filed under the Trump administration in 2020, said that Google used anticompetitive methods to prevent others from challenging the dominance of Google Search. The suit asks the court to break up Google by ordering the search giant to sell key parts of its Ad Manager suite.
Persons: Kenneth Dintzer, Department's, Trump Organizations: Apple, Google, DOJ, Service, Department of Justice, Samsung, Mozilla, New York Times, AP, Justice Locations: Wall, Silicon
Insider Today: Big Tech goes on trial
  + stars: | 2023-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +10 min
Speaking of Big Tech, it's a big day for the industry as the DOJ's antitrust trial against Google starts today. It's also a strategy the Department of Justice argues is "anticompetitive and exclusionary" in a landmark trial for Big Tech kicking off today. The trial is the biggest to hit the tech industry since the government sued Microsoft in the late 1990s. AdvertisementAdvertisementMore broadly, the case is a bellwether for how the government could argue future cases against Big Tech companies in the modern era. Each case is unique, but their focus on monopolistic behavior means the Google trial could set precedents followed by both sides.
Persons: Tayfun, it's, there's, you'll, It's, Hugh Langley, Kent Walker, Hugh, Walker, Chelsea Jia Feng, Henry Farrell, Abraham Newman's, Walter Wriston's, Gil Perez, Jamie Dimon, JPMorgan doesn't, Dimon, Elon, Franz von Holzhausen, Musk, Walter Isaacson, Yossakorn Kaewwannarat, VCs, they're, Nicki Minaj, Shakira, Beyoncé, Karol G, Frances Tiafoe, Austin Krajicek, Mackenzie McDonald, Tommy Paul, Rajeev Ram, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Big Tech, Google, Anadolu Agency, Getty, Department of Justice, DOJ, Microsoft, Apple, Federal Trade Commission, Amazon, Meta, Deutsche, JPMorgan, Street, Workers, Gallup, Startup, MTV, Team, Amtrak Locations: Wall, Silicon, Chelsea, New York City, San Diego, London, New York
DOJ calls first witness in suit against Google
  + stars: | 2023-09-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ calls first witness in suit against GoogleCNBC's Eamon Javers joins 'Power Lunch' to report on the DOJ's suit against Google.
Persons: Eamon Javers Organizations: DOJ, Google
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ seems worried about Google 'squashing' startups, says former Facebook general counselChris Kelly, Kelly Investments founder, joins 'Squawk Box' to discuss how strong the DOJ's case is against Google, which side of the case Kelly would like to represent, and the explanation for how companies get prosecuted in antitrust law.
Persons: Chris Kelly, Kelly Organizations: Google, Kelly Investments
That popularity, the company says, is why browser and phone makers have chosen Google as their default search engine through revenue sharing agreements. It will also hear from Apple's Senior Vice President of Services Eddy Cue and Mozilla CEO Mitchell Baker, Google's lawyer said. Following opening statements, the DOJ lawyer questioned its first witness, as it begins what's known as its "case-in-chief." But it's important browsers pick the right search default, Schmidtlein said, as Mozilla learned when it switched its default from Google to Yahoo in 2014. WATCH: DOJ takes on Google in antitrust lawsuit over Google Search
Persons: Jonathan Kanter, Kevin Dietsch, Sundar Pichai, Services Eddy, Mitchell Baker, Google's, Sridhar Ramaswamy, Neeva, Hal Varian, Ting Shen, Varian, Kenneth Dintzer, Dintzer, Ditzner, Patterson Belknap Webb, William Cavanaugh, Joan Braddi, Braddi, Siri, Cavanaugh, Kent Walker, Williams, Connolly's John Schmidtlein, Schmidtlein, Denelle Dixon, Apple Organizations: Antitrust, Department of Justice, Getty, Google, Colorado, Washington , D.C, Apple's, Services, Mozilla, DOJ, AGs, Google Inc, Bloomberg, Microsoft, Federal Trade Commission, Apple, Samsung, Branch, Global Affairs, Inc, Yahoo, TechCrunch, CNBC, YouTube Locations: Washington , DC, Washington ,, Snowflake, Colorado, Siri
While the trial marks the tech sector's first major anti-monopoly proceeding in decades, Google is squarely in the middle of its antitrust battles. What the trial is aboutA key focus of the trial will be on two kinds of agreements Google has made with other companies. "The cases have very compatible theories, and the core message from both is that Google's monopoly power has been abused, harming competition and hurting consumers," Weiser said. Walker wrote that the abundance of places where consumers can use online search shows that Google hasn't foreclosed competition. In addition to experts like economists, expect to see Google executives called to the stand, potentially including CEO Sundar Pichai.
Persons: Sundar Pichai, Jonathan Kanter, It's, it's, Google's, Microsoft's Bing, Phil Weiser, Weiser, Elijah McClain, Aaron Ontiveroz, Bing, Global Affairs Kent Walker, Walker, Rebecca Haw Allensworth, Bill Kovacic, Tim Cook, Joe Biden, Anna Moneymaker, Allensworth, conscientiously, What's, Google's Walker, Lee Hepner, Matt Schruers, Bard, OpenAI, Schruers Organizations: US Department of Justice, Getty, Department of Justice, Microsoft, DOJ, Google, of, Apple, Microsoft's, CNBC, Aurora, MediaNews, Denver, Global Affairs, Insider Intelligence, Amazon, Vanderbilt Law School, George Washington University Law School, FTC, White House, Mozilla, American Economic Liberties, Computer & Communications Industry Association Locations: U.S, Europe, Eastern, of Virginia, Colorado, Washington , DC
It revolves around how Google pays partners to promote its search engine on their products. A law expert said the DOJ has a "pretty strong" case but has big hurdles to prove Google is liable. Much of the trial's outcome will be predicated on whether the deals Google made to promote its search engine excluded healthy competition. It's easy to switch your default search engine – we're long past the era of dial-up internet and CD-ROMs," Google's Walker said in a statement. It could also mirror a European Union decision to make Google give Android users a choice of search engine when they first set up their devices.
Persons: Harry First, Global Affairs Kent Walker, Amit Mehta, Google's Walker, William E, Kovacic, David Olson, Bing, Judge Mehta, Eddy, John Giannandrea, Adrian Perica, Sundar Pichai, Olson Organizations: Google, Department of Justice, DOJ, Service, Apple, Microsoft, NYU Law School, Global Affairs, George Washington University, Boston College, Reuters, Union, Street Locations: Wall, Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Rep Barbara Comstock talks the DOJ's antitrust suit against GoogleHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Rep Barbara Comstock, Brian Sullivan, Organizations: Rep, Google, CNBC
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. The U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space company discriminated against refugees and asylum seekers in its hiring practices. The lawsuit says between 2018 and 2022, SpaceX "wrongly claimed" that export control laws limited its hiring to U.S. citizens and lawful permanent residents. The DOJ has been investigating SpaceX since June 2020, when the department's Immigrant and Employee Rights Section received a complaint of employment discrimination from a non-U.S. citizen. Fabian Hutter, whose complaint about SpaceX led the DOJ to open its discrimination probe, did not immediately respond to a request for comment from CNBC.
Persons: SpaceX, Elon, Kristen Clarke, Clarke, asylees, IER, Fabian Hutter, Hutter Organizations: Space Exploration Technologies Corp, SpaceX, The U.S . Department of Justice, DOJ, Civil Rights Division, CNBC Locations: Hawthorne , California, The, U.S, Austria, Canada
The U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space company discriminated in its hiring practices against refugees and people granted asylum in the U.S. The lawsuit says between 2018 and 2022, SpaceX "wrongly claimed" that export control laws limited its hiring to U.S. citizens and lawful permanent residents. Clarke added that the DOJ's investigation found "SpaceX recruiters and high-level officials took actions that actively discouraged asylees and refugees from seeking work opportunities at the company." That lone hire came about four months after the DOJ notified SpaceX of its investigation. Read the DOJ's lawsuit below:
Persons: SpaceX, Elon, Kristen Clarke, Clarke, asylees, IER, Fabian Hutter, Hutter Organizations: Space Exploration Technologies Corp, SpaceX, The U.S . Department of Justice, U.S, DOJ, Civil Rights Division, Immigration, CNBC Locations: Hawthorne , California, The, U.S, Austria, Canada
Drugmaker Teva Pharmaceuticals agreed to pay $225 million in criminal fines over five years and divest its version of a generic cholesterol drug to resolve charges related to price-fixing on that medication and other widely used treatments, the Department of Justice announced Monday. Teva, in a press release Monday, said it will pay $22.5 million each year from 2024 through 2027, and $135 million in 2028. Glenmark Pharmaceuticals will pay $30 million to resolve similar charges. Since 2020, the DOJ's antitrust division has charged five other pharmaceutical companies for participating in similar schemes affecting several generic drugs. Teva has also agreed to donate $50 million worth of two generic drugs affected by price-fixing to humanitarian organizations that provide medications to Americans in need.
Persons: Drugmaker, Teva, Jonathan Kanter, Glenmark, Apotex Organizations: Drugmaker Teva Pharmaceuticals, Department of Justice, Glenmark Pharmaceuticals, Antitrust Division, DOJ, Eastern District of Pennsylvania, Apotex Corp Locations: Eastern District
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ orders Teva and Glenmark to pay millions in fines in drug price fixing settlmentCNBC's Bertha Coombs joins 'Closing Bell Overtime' with breaking news on the DOJ's antitrust agreement involving Teva and Glenmark.
Persons: Teva, Glenmark, Bertha Coombs
[1/2] FBI Director Christopher Wray testifies before a House Judiciary Committee hearing on "oversight of the Federal Bureau of Investigation" and alleged politicization of law enforcement, on Capitol Hill in Washington, U.S., July 12, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Aug 17 (Reuters) - The U.S. House Judiciary Committee said on Thursday it had issued subpoenas to FBI Director Christopher Wray and Attorney General Merrick Garland related to the panel's investigation of allegations of online censorship. Reporting by Eric Beech; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.
Persons: Christopher Wray, Jonathan Ernst, General Merrick Garland, Eric Beech, Rami Ayyub Organizations: Federal Bureau of, Capitol, REUTERS, Rights, U.S . House, Thomson Locations: Washington , U.S
[1/2] Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. The DOJ's antitrust probe against Visa, which began in early 2021, is investigating if the company uses anticompetitive practices in the debit card market. The DOJ declined to comment and Visa did not immediately respond to a Reuters request for comment. Mastercard also disclosed in April that it was being asked to provide additional information by the DOJ. In 2019, Visa had settled a European Union antitrust probe relating to card fees.
Persons: Benoit Tessier, Pritam Biswas, Pooja Desai Organizations: REUTERS, U.S . Department of Justice, Bloomberg, Visa, DOJ, Mastercard, U.S . Federal Trade Commission, Union, Thomson Locations: United States, Bengaluru
Former President Donald Trump has been indicted in four separate criminal cases since leaving office. This week, he made history again as the first former president to be charged in four separate criminal cases. For some charges, he's unlikely to see jail time if he's convicted. Trump has denied all the criminal charges against him. Ethan Miller/Chip Somodevilla/Getty ImagesManhattan District Attorney Alvin Bragg was the first to bring criminal charges against Trump.
Persons: Donald Trump, Fani Willis, Trump, Stormy Daniels, Ethan Miller, Chip Somodevilla, Attorney Alvin Bragg, Michael Cohen, John Edwards, playbook, Melania, Daniels, Jack Smith's, Jack Smith, Mike Pence, Joe, Congress —, Tanya Chutkan, Smith, it's, he's, Joe Raedle, Aileen Cannon, Prosecutors, , Alan Freed, Ben Gray, — RICO, Ronald Carlson, doesn't, Carlson Organizations: Service, Trump ., Images Manhattan, Attorney, Trump, Capitol, Congress, US, Washington DC, Mar, National Archives, Justice Department, Prosecutors, Fulton, REUTERS, University of Georgia School of Law Locations: Wall, Silicon, Fulton County, Trump, Trump . Georgia, York, Washington , DC, Washington, Bedminster, , Georgia, Georgia
[1/3] Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., August 15, 2023. At the time, McGonigal pleaded not guilty to four criminal counts including sanctions violations and money laundering. McGonigal told the court he was "deeply remorseful" for his actions. U.S. District Judge Jennifer Rearden is scheduled to sentence McGonigal on Dec. 14. U.S. prosecutors charged McGonigal as they ramped up efforts to enforce sanctions on Russian officials and police their suspected enablers following the Russian invasion of Ukraine in February 2022.
Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, McGonigal, Vladimir Potanin, Seth DuCharme, Jennifer Rearden, Matthew Olsen, Washington, Jody Godoy, Grant McCool Organizations: FBI, Court, REUTERS, Prosecutors, Deripaska, U.S . Department of Justice's National Security Division, Kremlin, Thomson Locations: Russian, New York City, U.S, New York, Manhattan, Russia, Cyprus, New Jersey, Ukraine, Nornickel
A federal judge ruled that Trump can't have any electronic devices while reviewing discovery documents in the DOJ's January 6 case against him. That came after a prosecutor pointed out Trump's "tendency" to "hold onto" materials he shouldn't have. The ex-president was previously charged with more than three dozen counts over his alleged hoarding of classified documents. In June, Trump was charged with 37 counts over his alleged hoarding of classified documents, including charges of violating the Espionage Act. Trump pleaded not guilty to the charges in the classified documents case, as well as the four charges Smith's office brought in the January 6 case.
Persons: Donald Trump, Tom Windom, Jack Smith's, Smith, Trump, Trump's, Tanya Chutkan Organizations: Trump, Service, Prosecutors Locations: Wall, Silicon
Hunter Biden's legal troubles just got a whole lot worse. Meanwhile, Biden's plea deal for tax crimes and a gun charge has collapsed. The surprise announcement came as federal prosecutors suggested that a plea deal with the president's son is now effectively dead after a Trump-appointed judge refused to accept it. Many in the GOP are still furious over Weiss' role in Hunter Biden's now-potentially dead plea deal. "'[T]he parties are at an impasse and are not in agreement on either a plea agreement or a diversion agreement," prosecutors wrote in the court filing.
Persons: Hunter, General Merrick Garland, Biden's, Hunter Biden, David Weiss, Trump, Joe Biden's, Garland, Weiss, DOJ's Hunter Biden, Biden, Jack Smith, Donald Trump's, Robert Hur, Bill Barr, Robert Mueller, Barr, Hunter Biden's, Judge Maryellen Noreika Organizations: Service, Justice Department, Trump, Obama, GOP Locations: Wall, Silicon
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