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☆ DOJ pushes for Google to break off Chrome browser after antitrust case
▼ + stars: | 2024-11-20 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

REUTERS/Ken CedenoThe Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. The DOJ also said that remedies should prevent Google from eliminating "emerging competitive threats through acquisitions, minority investments, or partnerships." In August, a federal judge ruled that Google holds a monopoly in the search market.

Persons: Jonathan Kanter, General Merrick Garland, Lisa O, Ken Cedeno, Sherman Organizations: Live Nation Entertainment, Monaco, Department of Justice, REUTERS, Department, Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android Locations: Washington , U.S

☆ Trump's picks are giving Big Tech plenty of reasons to be nervous
▼ + stars: | 2024-11-19 | by ( Grace Eliza Goodwin | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has selected several Big Tech critics for top roles in his second administration. A number of his picks have been harsh critics of the Big Tech industry. Tom Williams/CQ Roll CallTrump's pick for attorney general, former Florida Rep. Matt Gaetz, has for years criticized Big Tech companies. Anna MoneymakerVice President-elect JD Vance cut his teeth in venture capital, and has long been a proponent for breaking up Big Tech. AdvertisementVance said that his experience in Silicon Valley taught him to be weary of Big Tech.

Persons: Donald Trump, Matt Gaetz, JD Vance, Elon Musk, Brendan Carr, Trump's, Trump, Brendan Carr Trump, Tom Williams, Carr, Elon, Musk's, Matt Gaetz Trump, Gaetz, Lina Khan, Jonathan Kanter, Elon Musk Elon, Marc Piasecki, Musk, donald, Biden, Tim Cook, X, Anna Moneymaker, Vance, we're Organizations: Big Tech, Trump, GOP, Google, Apple, Microsoft, Federal Communications Commission, Inc, Getty, Heritage, FCC, TikTok, United, Florida Rep, Federal Trade, Elon, Government, of Government, SpaceX, OpenAI, Bloomberg News Locations: Starlink, Florida, Silicon Valley, Trump

☆ RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power
▼ + stars: | 2024-11-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Kennedy will likely have some influence over who the president-elect chooses for those roles, health policy experts said. Ultimately, Kennedy's influence over immunization policy could lead to an increase in diseases preventable by vaccines, several health policy experts told CNBC. Investors are already bracing for a crackdown on food policy, with shares of processed food companies, such as Pepsi and Coca-Cola , falling on Friday. Seigerman said "there is little precedent in recent history for HHS policy dictating or affecting FDA regulation or approval of drugs." In 2023, pharmaceutical companies spent nearly $3 billion on advertising for the 10 most promoted drugs.

Persons: Robert F, Kennedy Jr, Thomas Machowicz, Donald Trump, Kennedy, Trump, trifecta, Spokespeople, Brandon Guerrero, Christina House, Gostin, Josh Michaud, Lawrence Gostin, Michaud, he's, Genevieve Kanter, Kanter, Covid, Richard Frank, Frank, Evan Seigerman, Seigerman, Dave Latshaw, Latshaw, Drugmakers, Joe Biden's, Amy Campbell Organizations: Reuters, Department of Health, Human Services, Republican, HHS, Affordable, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Centers, Medicare, Services, CNBC, CVS, Los Angeles Times, Getty, Health Defense, NBC News, FDA, NPR, Georgetown University, CDC, Vaccines, Children, Kennedy, NIH, University of Southern, Brookings Schaeffer Initiative, Health, pharma, RFK, BMO Capital, Pepsi, Trump, University of Illinois Chicago School of Law Locations: Phoenix , Arizona, U.S, Compton, Huntington Park, Kennedy ., University of Southern California

☆ Lina Khan likely to be fired as FTC Chair under a Trump presidency
▼ + stars: | 2024-11-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Representatives for Trump’s transition team and the FTC didn’t respond to requests for comment. Wall Street, which has been on a tear since Trump’s decisive victory last week, appears to be ready to turn the page on the Khan era. Similarly, the FTC has gone after Big Tech, Big Pharma and even Big Mattress in the name of keeping competition robust. To them, Khan and her DOJ partner in trustbusting, Jonathan Kanter, represent a threat to the bottom line. Since last week’s election, both Kroger and Albertsons shares have risen sharply as investors anticipate the deal would face little resistance under Trump’s FTC.

Persons: CNN Business ’, New York CNN — Lina Khan’s, Donald Trump, Khan, she’s, Lina Khan, Jennifer Rie, kowtow, Jonathan Kanter, Elon Musk, Trump, ” Barry Diller, “, ‘, Republican “ Khanservative, JD Vance, Gail Slater, Vance, ”, David Kostin, Goldman Sachs, Kostin, Donald Trump’s, Brian Gardner, ” Gardner, Susie Wiles Organizations: CNN Business, New York CNN, Federal Trade Commission, FTC, Republican, Bloomberg Intelligence, CNN, Justice, Albertsons, Big Tech, Big Pharma, IAC, Democratic, Bloomberg, Kroger, Trump’s FTC, Goldman Sachs ’, White, Trump, Federal Reserve Locations: New York, it’s, trustbusting, Washington

☆ Warner Bros. Discovery CEO David Zaslav thinks Trump will let him consolidate
▼ + stars: | 2024-11-07 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

David Zaslav wanted a new president that was open to M&A. And we still don't know if Trump will have problems with specific deals — like he did when AT&T wanted to buy Time Warner. AdvertisementDavid Zaslav wanted a new president who would make it easier for his company to buy other companies — or sell itself. The second version of the Trump administration may be a boon for media companies facing "generational disruption," the Warner Bros. AdvertisementBut even if the new Trump administration is more receptive to big deals, that doesn't make them a foregone conclusion.

Persons: David Zaslav, Trump, —, it's, Zaslav, John Malone, there's, Joe, Biden, Lina Khan, Jonathan Kanter, Shari, There's, Time Warner's, Rupert Murdoch's, Malone Organizations: Big Media, Time Warner, Service, Warner Bros, Discovery, Netflix, Federal Trade Commission, Department of Justice, Paramount, Trump, Trump's Department of Justice, Time Warner's CNN, T, Disney, CNN

☆ Trump says he will give RFK Jr. a major health role if he wins the White House. Here's what that means for patients, drugmakers
▼ + stars: | 2024-11-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +10 min

Some health experts said elevating Kennedy, even in an informal Trump administration position, could potentially lead to severe consequences for patients, drugmakers and the nation's public health overall. That could exacerbate the nation's existing public health challenges, such as declining childhood vaccination rates for several preventable diseases, some experts say. "I think we could reasonably predict that there would be a decline in vaccination rates among children, and perhaps vaccination overall." Drugmakers such as Pfizer and Moderna are still recovering from falling Covid vaccination rates in the U.S., which have dented their profits over the last two years. Kennedy's other proposals for overhauling federal health agencies will likely be difficult to execute.

Persons: Donald Trump, Robert F, Kennedy Jr, Anna Moneymaker, Kennedy, Trump, Dr, Paul Offit, Drew Altman, Altman, Genevieve Kanter, Cynthia Blancas, Deep Patel, Christina House, they've, Offit, Andrew Kelly, USC's Kanter, that's, Georges Benjamin, Covid, Kanter Organizations: Gas, Getty, White House, Trump, Children's Hospital of Philadelphia, CNBC, and Drug Administration, Centers for Disease Control, Commonwealth Fund, Senate, Washington Post, University of Southern, CVS, Los Angeles Times, CDC, Pfizer, Moderna, NBC, Health Defense, FDA, Department of Health, Human Services, U.S . Food, Drug Administration, Reuters, American Public Health Association, Pharma Locations: Duluth , Georgia, U.S, University of Southern California, Lynwood, Huntington Park, Samoa, White Oak , Maryland

☆ Federal judge orders Alabama to reverse program that purged more than 3,000 names from state voter rolls
▼ + stars: | 2024-10-16 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —A federal judge ordered Alabama’s Republican secretary of state on Wednesday to reverse a program that purged more than 3,000 names from the state’s voter rolls, agreeing with the Biden administration’s argument that the purge took place too close to the election. “For decades, federal law has given states a hard deadline to complete systematic purges of ineligible persons from voter rolls: no later than ninety days before a federal election. This year, Alabama Secretary of State Wes Allen blew the deadline when he announced a purge program to begin eighty-four days before the 2024 General Election,” US District Judge Anna Manasco wrote in a 5-page preliminary injunction. Nonpartisan election law experts say it’s almost always caught when it does happen, and that it isn’t a widespread problem plaguing US elections. In a similar lawsuit brought last week in Virginia, the Justice Department alleged that state officials violated the NVRA “quiet period” by recently purging voters flagged as potential noncitizens.

Persons: Biden, Wes Allen, Anna Manasco, Manasco, Donald Trump, Allen “, ”, Allen, ” Michelle Kanter Cohen Organizations: CNN, “, US Justice Department, Justice Department Locations: Alabama, States, Virginia

☆ DOJ indicates it’s considering Google breakup following monopoly ruling
▼ + stars: | 2024-10-08 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

REUTERS/Ken CedenoThe U.S. Department of Justice late Tuesday made recommendations for Google's search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy. The DOJ also said it was "considering behavioral and structural remedies that would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants." Kent Walker, Google's president of global affairs, said the company plans to appeal the ruling and highlighted the court's emphasis on the high quality of Google's search products, which the judge also noted in his ruling. In the second quarter, "Google Search & Other" accounted for $48.5 billion in revenue, or 57% of Alphabet's total revenue. The company holds 90% of search market share.

Persons: Jonathan Kanter, General Merrick Garland, Lisa O, Ken Cedeno, Sherman, Kent Walker, Judge Mehta Organizations: Live Nation Entertainment, Monaco, Department of Justice, REUTERS, U.S . Department of Justice, DOJ, Google, Apple, & $ Locations: Washington , U.S, U.S

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ DOJ's Kanter on preserving competition: We want existing incumbents to work harder and deliver more
▼ + stars: | 2024-08-13 | 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's Kanter on preserving competition: We want existing incumbents to work harder and deliver moreJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk Box' to discuss the government's battles against corporate giants, fallout from Google's antitrust ruling, DOJ's antitrust fight against Big Tech and healthcare sectors, and more.

Persons: DOJ's Kanter, Jonathan Kanter Organizations: Justice Department’s Antitrust, Big Tech

☆ DOJ's Kanter on Google antitrust ruling: We're interested in ensuring the competitive market works
▼ + stars: | 2024-08-06 | 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's Kanter on Google antitrust ruling: We're interested in ensuring the competitive market worksJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk on the Street' to discuss Google's antitrust lawsuit, what the ruling means for Google going forward, what the remedies should be, and more.

Persons: DOJ's Kanter, We're, Jonathan Kanter Organizations: Google, Justice Department’s Antitrust

Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.

Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, —, hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley

☆ 'Colossal amount' of capital in AI signals it may be the wrong architecture, says Robert McNamee
▼ + stars: | 2024-07-26 | 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 Email'Colossal amount' of capital in AI signals it may be the wrong architecture, says Robert McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss his take on the CNBC interview with Assistant Attorney General for Justice Department’s Antitrust Division Johnathan Kanter and his outlook on generative AI.

Persons: Robert McNamee Roger McNamee, Johnathan Kanter Organizations: Partners, CNBC, Justice Department’s Antitrust

☆ DOJ's Kanter: we are thinking about AI competition from chips to the end user
▼ + stars: | 2024-07-26 | 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's Kanter: we are thinking about AI competition from chips to the end userJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk on the Street' to discuss antitrust issues within the AI sector, the lack of competitors to Nvidia, and more.

Persons: DOJ's Kanter, Jonathan Kanter Organizations: Justice Department’s Antitrust, Nvidia

☆ Watch CNBC's full interview with Elevation Partners co-founder Roger McNamee
▼ + stars: | 2024-07-26 | 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 EmailWatch CNBC's full interview with Elevation Partners co-founder Roger McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss remarks from Assistant Attorney General for Justice Department’s antitrust division Johnathon Kanter, the upcoming presidential election, and more.

Persons: Roger McNamee Roger McNamee, Johnathon Kanter Organizations: Partners, Justice

☆ Openness in AI is necessary to promote fair and competitive markets, said FTC's Lina Khan
▼ + stars: | 2024-07-25 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

"These conditions have allowed, in some instances, the biggest technology companies to get a layup in the AI space," Khan said. In particular, Khan called for AI models' weights to be publicly available. In the age of AI, Khan said both consumers and enterprises are uncertain of their data's protections when using foundation models. "We only focus on deals that have problems…it's a narrow set of deals that satisfy a narrow set of criteria." In March, Microsoft paid $650 million in a licensing deal to Inflection AI, an emerging OpenAI rival, to use its AI models and hire most of its employees.

Persons: —, Lina Khan, Khan, We've, you've, Jonathan Kanter, Kevin Dietsch, Kanter, execs Organizations: Service, Federal Trade Commission, FTC, Big Tech, Microsoft, Google, Business, Meta, Antitrust, Department of Justice, DOJ, Apple, Tech, New York VC, YC, Amazon Locations: OpenAI, America

☆ The 'Trump trade' is on pause. Political uncertainty is now in the driver's seat
▼ + stars: | 2024-07-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It didn't take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? He talked about how interested he was in the stock market and that he wanted his kids to learn so they watched my show together. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Donald Trump, Mike Pence, Sen, JD Vance, Mary Elizabeth Lease, Joe Biden, Biden's, Trump, Biden, let's, Kamala Harris, Doug Emhoff, —, Harris, that's, Lina Kahn, Jonathan Kanter, Vance, Mark Spitznagel, Spitznagel, Bristol Myers, ., Jim Cramer's, Jim Cramer, Jim, Chris Kleponis Organizations: Republican, Populist Party, Democratic Party, Devices, Nvidia, Biden, White House, Democratic, White, Big Tech, Federal Trade Commission, Biden Democrat, Trump, Nasdaq, Street, Universa Investments, Yahoo, America, Microsoft, Google, Palo Alto Networks, Palo Alto, Starbucks, Apple, PepsiCo, Myers Squibb, Pepsi, Jim Cramer's Charitable, CNBC, US, Afp, Getty Locations: Ohio, China, U.S, Taiwan, idiocy, Bristol, . Horton, Washington ,, Pennsylvania

☆ Copenhagen Tries Rewards for Good Tourist Behavior
▼ + stars: | 2024-07-08 | by ( Ceylan Yeğinsu | More About Ceylan Yeğinsu | ) www.nytimes.com time to read: +1 min

A looming ban on vacation rentals in Barcelona. At a time when overwhelmed European destinations are slapping tourists with restrictions and fees, Copenhagen is trying a different approach: rewarding visitors who act responsibly. Beginning July 15, tourists who demonstrate climate-friendly travel behavior by participating in the city’s green initiatives — including cycling, train travel and clean-up efforts — will be granted access to museum tours, kayak rentals, free meals and more. “We must turn tourism from being an environmental burden into a force for positive change,” said Mikkel Aarø-Hansen, the chief executive of Wonderful Copenhagen, the tourism organization for the Capital Region of Denmark. Copenhagen’s new initiative, CopenPay, aims to bridge the gap between the desire to act sustainably and actual behavior by making climate-friendly action a currency for cultural experiences.

Persons: —, ”, Mikkel Aarø, Hansen, Kanter Organizations: Wonderful, Capital Locations: Venice, Barcelona, Majorca, Copenhagen, Wonderful Copenhagen, Denmark, London

☆ Going After the Middleman
▼ + stars: | 2024-06-22 | by ( Lauren Hirsch | Sarah Kessler | ) www.nytimes.com time to read: +1 min

They’ve zeroed in on what may sound like a nerdy legal theory, but one that could have huge implications: the tyranny of the intermediary, middleman companies that abuse their role by squeezing out competition or creating artificially expensive moats. The Justice Department has already made one high-profile strike along these lines, suing to break up Ticketmaster and Live Nation. It is reportedly investigating at least two others. One is RealPage, a property management company that uses artificial intelligence to suggest prices and has already been sued by renters accusing it of facilitating a new type of collusion. The second is UnitedHealth Group, the health care conglomerate that owns a cobweb of businesses that include an insurer and another unit that employs about 10,000 physicians in the United States.

Persons: Lina Khan, Jonathan Kanter, They’ve Organizations: Biden, Federal Trade Commission, Ticketmaster, UnitedHealth Locations: United States

☆ FTC Chair Lina Khan and DOJ's Jonathan Kanter on antitrust policy, monopolies and consumer impact
▼ + stars: | 2024-06-05 | 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 EmailFTC Chair Lina Khan and DOJ's Jonathan Kanter on antitrust policy, monopolies and consumer impactCNBC's Andrew Ross Sorkin reports on the highlights from his interview with FTC Chair Lina Khan and Assistant Attorney General for Antitrust Jonathan Kanter at the CNBC CEO Summit in Washington, DC.

Persons: Lina Khan, DOJ's Jonathan Kanter, Andrew Ross Sorkin, Antitrust Jonathan Kanter Organizations: Antitrust, CNBC, Summit Locations: Washington , DC

☆ Giant Batteries Are Transforming the Way the U.S. Uses Electricity
▼ + stars: | 2024-05-07 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +17 min

Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.

Persons: …, ”, Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., “, Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, “, United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento

☆ Republican House panel launches probe into Biden's FTC-DOJ task force on corporate pricing
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

"The timing of the Strike Force announcement, in an election year, raises the likelihood that political motivations rather than the interests of American consumers drove the action," House Oversight Committee Chair Rep. James Comer, R-Ky., said in the letter. The Strike Force is jointly led by the FTC and the Department of Justice, which have been at the front lines of the Biden administration's regulatory agenda over the past several years. Comer alleged in the letter that "this pattern" of blaming corporate-pricing practices for inflation "signals that the new FTC-DOJ Strike Force will be used as a political tool." But Biden's logic that companies are the ones responsible for high prices, not his economic agenda, could be taking hold with voters. A March survey found that respondents blamed recent price hikes on "large corporations taking advantage of inflation" more than Democratic policies.

Persons: Lina M, Khan, Bill Nelson, Joe Biden's, Lina Khan, Biden, James Comer, Jonathan Kanter, Comer, —, Biden's Organizations: Commerce, Science, NASA, Capitol, Republican, CNBC, Federal Trade, Strike Force, Force, U.S, FTC, Department of Justice, Biden, Kroger, Albertsons, DOJ Strike Force, Democratic Locations: Washington , U.S, Ky

☆ The man trying to take down Apple
▼ + stars: | 2024-03-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

DOJ antitrust chief Jonathan Kanter is leading the lawsuit against Apple. Federal prosecutors accuse Apple of using its monopoly power to stifle competition. AdvertisementThe US Department of Justice is targeting Apple — and Assistant Attorney General Jonathan Kanter is leading the charge. The DOJ antitrust chief has gone after several large corporations, most recently filing an 88-page lawsuit against Apple that accuses the company of illegal anticompetitive tactics to keep their smartphone monopoly. In an interview with CNBC on Friday, the DOJ antitrust chief didn't rule out the possibility of breaking up Apple.

Persons: Jonathan Kanter, Kanter, —, Apple — Organizations: Apple, Google, Service, US Department of Justice, CNBC, Business

☆ How your iPhone could get better if Apple loses its big legal battle
▼ + stars: | 2024-03-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +9 min

More smartwatch optionsA Google Pixel Watch and the iPhone don't play as nicely together as an Apple Watch and the iPhone. GoogleIf the Apple Watch isn't your cup of tea, a court loss for the company could make using an alternative watch with the iPhone more seamless. Prosecutors said the Apple Watch depends too much on the iPhone while other smartwatches aren't nearly as compatible with the iOS system. iOS users might have been overcharged for music streaming subscriptions due to the fees placed on app developers by Apple, regulators said. "This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets," Apple told BI in a statement.

Persons: —, Apple's, you'll, Apple, Jonathan Kanter, Kanter, Riley Testut, Jamie Court, you've, they've, Testut Organizations: Apple, DOJ, Service, US Department of Justice, CNBC, EU's, EU, Epic, Consumer, LA Times, Watch, Apple Watch, Google, Prosecutors, European Commission Locations: EU

☆ AI catalysts ahead that could boost Alphabet and Apple — and 3 quick stock takes
▼ + stars: | 2024-03-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. AI catalysts ahead: The newsy Alphabet headline Friday was Wedbush adding the stock to its Best Ideas List and increasing its price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Morgan Stanley, Cramer, Claude, Abbott, Lululemon, It's, Goldman Sachs, Jonathan Kanter, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Google, Conference, Apple, Abbott Laboratories, Abbott Labs, Nokia, Target, Jim Cramer's Charitable Locations: Morgan

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