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Kevin Hodges, a partner at law firm Williams & Connolly, was the first member of Amazon's defense team identified in a court document in the case. Amazon General Counsel David Zapolsky, a 24-year veteran of the company's legal department, can turn to a stable of top outside law firms that already represent it. Thomas Barnett, co-chair of the firm’s antitrust practice and a former senior Justice Department official, was involved in the effort. A Covington spokesperson did not respond to a request for comment on whether the firm is defending Amazon in the FTC antitrust case. Amazon has also turned to U.S. law firm Paul, Weiss, Rifkind, Wharton & Garrison to navigate government scrutiny.

Persons: Jim Vondruska, Kevin Hodges, Williams, Connolly, Hodges, John Schmidtlein, David Zapolsky, Lina Khan, Thomas Barnett, Covington, Paul, Weiss, Garrison, Paul Weiss, Andrew Goudsward, Mike Scarcella, David Bario, Matthew Lewis Organizations: Amazon Logistics, REUTERS, U.S . Federal Trade, Amazon.com, Amazon, Williams, U.S . Justice, Microsoft, BP, Big Tech, Alphabet's, Google, FTC, Burling, Department, D.C, Covington, Thomson Locations: Chicago . Illinois, U.S, WASHINGTON, Washington, Mexico, Covington, Rifkind, Wharton

☆ CD Projekt's 'Phantom Liberty' rated very positive on Steam
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

GDANSK, Sept 26 (Reuters) - "Phantom Liberty", the long-awaited expansion to Polish video game developer CD Projekt's (CDR.WA) flagship game "Cyberpunk 2077", had received a "very positive" rating on Steam platform based on 1,067 user reviews just few hours after game's launch on Tuesday. Cyberpunk 2077, which is offered at a 40% discount, has led the top sellers chart on Steam platform since Monday, with Phantom Liberty in second place. The release of Phantom Liberty is CD Projekt's first major game premiere since bug-ridden launch of Cyberpunk 2077 in December 2020. "Phantom Liberty is Cyberpunk 2077 at its best. The expansion is the last project to be developed on CD Projekt's own technology RED Engine, with the company switching to external Unreal Engine for its upcoming developments, that include Cyberpunk sequel.

Persons: Keanu Reeves, Johnny Silverhand, Idris Elba, Solomon Reed, Adrianna Ebert, Kirsten Donovan, Michael Perry Organizations: Phantom Liberty, Liberty, PlayStation, GameSpot, Thomson Locations: GDANSK, American

More than 9 million merchants sell their wares on Amazon's marketplace and also supply it with steady streams of revenue. Amazon collects advertising fees for touting their products, fulfillment fees for delivery in addition to less specific "sellers' fees." Some merchants welcome the potential of relaxed seller and advertising charges, while others worry that completely dissolving Amazon's advertising services would harm their ability to reach shoppers. The FTC found that the company's fulfillment fees increased approximately 30% between 2020 and 2022. Dieterle relies on Amazon's fulfillment and advertising services to boost merchandise sales.

Persons: Mike Segar, Rick Dieterle, Dieterle, Lindsay Windham, Bryan Croft, Croft, Big, Jason Hince, Hince, Stacy Mitchell, Arriana McLymore, Matthew Lewis 私 Organizations: REUTERS, Rights, Merchants, U.S . Federal Trade, Big Tech, Amazon, FTC, Taco Brands, Union, HC Brands, Big Crazy Buffalo, Facebook, Google, Big, Institute for Local Locations: Manhattan, New York City, Rights RALEIGH, North Carolina, Buffalo, Raleigh , North Carolina

The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition. The lawsuit, filed in U.S. District Court for the Western District of Washington, is the result of a years-long investigation into Amazon’s businesses and one of the most significant legal challenges brought against the company in its nearly 30-year history. Many had wondered whether the agency would seek to a forced break-up of the retail giant, which is also dominant in cloud computing and has a growing presence in other sectors like groceries and health care. In a briefing with reporters, Khan dodged questions of whether that will happen. Political Cartoons View All 1182 Images“At this stage, the focus is more on liability," she said.

Persons: ”, Lina Khan, Khan Organizations: Federal Trade Commission, Amazon, Western, of Locations: U.S, of Washington

☆ China's new trading rules target more oversight, not killing 'flash boys', says lobby group
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI/SINGAPORE, Sept 26 (Reuters) - China's securities regulators have told market participants that tighter rules for programme trading were not designed to kill the business, but were a response to calls for more oversight, according Asia's largest financial lobby group ASIFMA. "There's no intent to be prejudiced against high frequency trading firms," said Lyndon Chao, ASIFMA managing director and head of equities and post trade. Quant funds in China include global players such as Winton, Two Sigma and D.E.Shaw though these three aren't members of ASIFMA. The rules "came out all of a sudden because the regulators might be facing pressure from investors suffering from recent poor stock market performance," he said. There are a lot of quant funds out there that do a great job of injecting liquidity when needed.

Persons: Lyndon Chao, They're, ASIFMA, Chao, Ren Zeping, Liu Yuhui, ASIFMA's Chao, Samuel Shen, Jason Xue, Tom Westbrook, Shri Navaratnam Organizations: Sigma, Reuters, Thomson Locations: SHANGHAI, SINGAPORE, China, Winton, Shanghai, Shenzhen

☆ China's e-commerce discount race to the bottom puts incumbents under pressure
▼ + stars: | 2023-09-26 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +6 min

REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Sept 26 (Reuters) - Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said. Platforms in China, the world’s largest e-commerce market, have recently described a “value-for-money battle” stoked by economic insecurity and a slower-than-expected retail recovery following the lifting of COVID-19 curbs late last year. “There was a clear vacuum for the discount retailer online experience ... Across the world, executives are now focusing on price pressures as discount online retailers gain increasing market share. In the West, the inflation driven consumer wants something cheaper because they're going through a moment of financial insecurity,” Ho said.

Persons: Florence Lo, ”, thrall, Sharon Gai, ” Humphrey Ho, Rui Ma, Trudy Dai, Alibaba, ” Ho, Casey Hall, Vanessa O'Connell, Aurora Ellis Organizations: PDD Holdings, REUTERS, Rights, West, Deal, Hylink, Amazon ., Tmall, Thomson Locations: China, Southeast Asia, North America, Europe, United States, Douyin, Canada, Australia, America, U.S, Amazon, Amazon . Indonesia

☆ Amazon.com faces an array of US consumer, state antitrust lawsuits
▼ + stars: | 2023-09-26 | by ( Mike Scarcella | ) www.reuters.com time to read: +5 min

In the California case, Judge Ethan Schulman in San Francisco Superior Court in March ruled against Amazon's bid to dismiss the lawsuit. CONSUMERS' PRICE INFLATION CLAIMSAmazon faces a pair of consumer lawsuits in Seattle federal court. The consumer plaintiffs, Chun wrote, "allege the type of conduct that antitrust law is intended to prevent." E-BOOKSIn Manhattan federal court, a prospective class action from consumers accuses Amazon of artificially inflating the price of retail trade e-books on the site. U.S. District Judge Gregory Woods has not yet ruled on objections from Amazon and the plaintiffs to Figueredo's report and recommendation.

Persons: Benoit Tessier, Rob Bonta, Ethan Schulman, Amazon's, Schulman, Richard Jones, Jones, John Chun, —, Chun, Ricardo Martinez, Valerie Figueredo, Gregory Woods, Mike Scarcella, Chris Sanders, Matthew Lewis Organizations: REUTERS, U.S . Federal Trade Commission, Amazon.com, Big Tech, FTC, GENERAL, District of Columbia, Walmart, Costco, Amazon, San Francisco Superior Court, District, U.S, Thomson Locations: Bretigny, Paris, France, CALIFORNIA, WASHINGTON, GENERAL California, District, Washington ,, California, Columbia, San Francisco, Seattle, U.S, Maryland, Manhattan, Washington

The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon . In a sweeping complaint unveiled Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its "monopoly power" to inflate prices, degrade quality for shoppers and unlawfully exclude rivals, thereby undermining competition. David Zapolsky, Amazon's general counsel and senior vice president of global public policy, said in a statement that the FTC's complaint is "wrong on the facts and the law." The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox." Through her work at the FTC, Khan has sought to reset that framework and push the boundaries of antitrust law through risky legal battles.

Persons: Andy Jassy, David Zapolsky, Amazon's, Zapolsky, Lina Khan, Khan Organizations: New York Times DealBook, Jazz At Lincoln Center, Federal Trade Commission, Amazon, FTC, Yale Locations: New York City

☆ Seeking nominations for the top social-shopping startups powering the next wave of e-commerce
▼ + stars: | 2023-09-26 | by ( Dan Whateley | Marta Biino | ) www.businessinsider.com time to read: +2 min

Insider is compiling a list of the leading startups boosting social commerce in the US. We want to hear from you on the companies best positioned to help social shopping take off. AdvertisementAdvertisementThe age of social shopping is here. And Pinterest is similarly making social commerce a top focus. What are the companies that are best positioned to help social shopping succeed in the US?

Persons: —, TikTok Organizations: Service, YouTube Locations: Asia

☆ Indian shares seen opening lower amid sustained foreign selling
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 26 (Reuters) - Indian shares are set to open lower on Tuesday, with higher-for-longer global interest rate expectations driving continuous foreign outflows from the domestic market amid subdued global sentiment. On Monday, the Nifty 50 (.NSEI) and the S&P BSE Sensex (.BSESN) closed mostly unchanged at 19,674.55 points, and 65,958 points, respectively. Foreign investors have been net sellers so far this month, offloading shares worth $1.36 billion, as of Sept. 22 after pouring in over $15 billion into Indian equities this year. On Monday, foreign institutional investors sold 23.33 billion rupees worth of shares, while domestic investors bought 15.79 billion rupees worth of shares, as per provisional exchange data.

Persons: Francis Mascarenhas, Ajith, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, U.S, Federal, Of India, Realty, Hotel, & Realty, Sethuraman, Thomson Locations: Mumbai, India, Delhi, Bengaluru

☆ Amazon is facing a lawsuit from the FTC and 17 US states. They say it's stifling competition and keeping prices high.
▼ + stars: | 2023-09-26 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

Amazon is facing an antitrust lawsuit from the Federal Trade Commission and 17 states. The suit claims Amazon is leveraging its power to inflate prices and overcharge small sellers. The FTC has been gathering evidence for months to show how Amazon disadvantages sellers. Some of the agency's allegations in the Amazon case mirrors those made in a separate lawsuit last year by the state of California. The federal complaint follows other actions the FTC has taken against Amazon in the past few months.

Persons: —, biasing, Lina Khan, Khan, FTC's Khan Organizations: Federal Trade Commission, FTC, Service, Court, Western, of, Amazon, Institute for Local, Essentials . Booksellers, of Justice, Big Tech, Yale, District of Columbia, Amazon Prime Locations: of Washington, California

Tina Kotek said Tuesday she has directed state police to launch new strategies aimed at disrupting the fentanyl supply chain and holding sellers of the frequently deadly drug accountable. Kotek said in a statement that she made the announcement at a Tuesday meeting of her task force created to revitalize downtown Portland. “I want all Oregonians to know that the state is moving forward with several new fentanyl strategic enforcement and disruption strategies,” Kotek's statement said. So far this year, the Oregon State Patrol has seized nearly 233,000 fentanyl pills and 62 pounds of powder, the statement said. Illegally made fentanyl is often added to other drugs, including heroin, cocaine and methamphetamine, to increase its potency.

Persons: Tina Kotek, Kotek, General Merrick Garland Organizations: —, Oregon Department of Justice, Oregon State Patrol, Washington , D.C, U.S . Justice Locations: SALEM, Ore, — Oregon, Portland, “, U.S, Washington ,

Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. Target, which has nearly 2,000 stores in the U.S., has been outspoken about organized retail crime at its stores. When the company reported fiscal second-quarter earnings in mid-May, CEO Brian Cornell said organized retail crime had shot up at its stores. When asked if the company plans to close stores because of rising shrink, Cornell stressed Target's reluctance to shutter locations. Since 2022, at least nine states — six so far this year — have passed similar laws to impose harsher penalties for organized retail crime offenses.

Persons: Brian Cornell, Cornell, We'll, we'll Organizations: Coordination, CNBC Locations: New York, Harlem, Seattle, San Francisco, Oakland, Portland , Oregon, U.S

☆ Indonesia may issue regulation on use of social media as e-commerce platform this week - president
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

Indonesian President Joko Widodo speaks during a news conference after the closing of the 43rd ASEAN Summit in Jakarta, Indonesia, September 7, 2023. REUTERS/Willy Kurniawan/File photo Acquire Licensing RightsJAKARTA, Sept 25 (Reuters) - Indonesia may on Tuesday issue a regulation on the use of social media to sell goods in the country, President Joko Widodo said, a move intended to quell threats to offline markets in Southeast Asia's biggest economy. Ministers have repeatedly said that e-commerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example. "We just...decided on the use of social media for e-commerce. Tomorrow it will perhaps come out," the president, who is commonly known as Jokowi, said in a streamed video address on Monday.

Persons: Joko Widodo, Willy Kurniawan, Jokowi, Ananda Teresia, Stanley Widianto, Kanupriya Kapoor Organizations: 43rd ASEAN Summit, REUTERS, Rights, Ministers, Thomson Locations: Jakarta, Indonesia, Rights JAKARTA, Asia's

Due to the competitive real estate market, even in small-town Kansas, homes only stayed on the market for a matter of days at most. Our competition responded first, by keeping their offer as it was but waived their right to have the house inspected before closing. Perhaps for a moment we wondered if we should have also waived our inspection and saved that money. In fact, while we were buying our house, a relative was having a similar foundation problem repaired to the tune of $15,000. Check today's average mortgage rates and learn more about the amount of house you may be able to afford.

Persons: Kansas, Ian, didn't, We're Locations: Utah, Kansas

☆ Thailand's new prime minister boosts optimism, but his populist policies pose fiscal risks
▼ + stars: | 2023-09-25 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +6 min

Srettha Thavisin, Thailand's prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Srettha, Pheu Thai's choice for leader, was appointed prime minister on Aug. 22 — the same day that former prime minister and Pheu Thai founder Thaksin Shinawatra returned to Thailand after 15 years of self-exile. watch nowThe prime minister also pledged to relieve the country's debt problems. "PM Srettha will slowly implement Pheu Thai's populist economic policies as he has to meet public expectations," said Dusadeeisariyakul. Other experts warned against overthinking the fiscal damage since many of Pheu Thai's populist pledges may not materialize.

Persons: Srettha, Valeria Mongelli, Srettha Thavisin, Pheu, Thaksin Shinawatra, Thaksin's, Pimrapaat Dusadeeisariyakul, Friedrich Naumann, Thaksin, Stratfor, Fitch, Teerasak Siripant Organizations: Thai, Bloomberg, Getty, Pracharat Party, United Thai Nation Party, Bhumjathai Party, Friedrich, Friedrich Naumann Foundation, Fitch, Bower Group Locations: Bangkok, Thailand, Thai

☆ TikTok's strategy for US dominance is straight out of Amazon's playbook — but creators are the fuel for its flywheel
▼ + stars: | 2023-09-25 | by ( Jasmine Enberg | ) www.businessinsider.com time to read: +5 min

TikTok launched its e-commerce platform, TikTok Shop, on September 13, 2023. The social app's shopping business will be driven by FOMO and trends, fueled by its avid community of creators. After months of testing, TikTok this month launched TikTok Shop, an in-app commerce solution including shoppable short and live videos, checkout, TikTok Shop ads, fulfillment, and a marketplace accessible through a separate Shop tab. It has a roadmap and deep resources in parent company ByteDance, which can afford the $500 million loss TikTok Shop is expected to face this year. TikTok's commerce business will be driven by trends and FOMO, packaged up and delivered to users by creators.

Persons: TikTok, Jasmine Enberg Organizations: Intelligence, Google, Media, Meta, YouTube, Shop, Amazon Prime

☆ 10 cities where home prices are falling the most, as pandemic boomtowns cool down
▼ + stars: | 2023-09-24 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Home prices are falling in cities that saw large growth in recent years, according to Realtor.com. Prices are falling in pandemic boomtowns like Austin, Texas; Ogden, Utah; and Boise, Idaho. Listings site Realtor.com just put out a new ranking of where home prices are falling the most, compared to a year ago. AdvertisementAdvertisementTo calculate its list, Realtor.com looked at the change in the median list price per square foot for the 50 largest metro areas, comparing data for August 2023 and August 2022. Here are the 10 cities where home prices fell the most between August 2022 and August 2023, according to Realtor.com.

Persons: Evan Wyloge, Zers, Realtor.com, Wyloge Organizations: Service Locations: Austin , Texas, Ogden , Utah, Boise , Idaho, Wall, Silicon, Cities, Myrtle Beach , South Carolina, homebuyers, Ogden

☆ The IRS is going to know if you made big money reselling tickets for tours by the likes of Taylor Swift or Beyoncé
▼ + stars: | 2023-09-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

A new law will require ticketing platforms to tell the IRS about users who made over $600 this year. AdvertisementAdvertisementBut this year the topic of ticket resales has made headlines, as prices for big events surged. The average price for a Beyoncé concert ticket averaged $380, while fans wanting to see Harry Styles live needed to fork out an average of $400, the Journal reported. CHANDAN KHANNA/Getty ImagesThe resale of Taylor Swift's Eras Tour tickets has caused the most commotion, as hugely inflated prices, fake ticket sales, and site crashes angered her fanbase. One Swiftie said she even saw some ticket prices for a Swift concert going for more than $30,000.

Persons: resales, Lionel Messi, Harry Styles, CHANDAN KHANNA, Swiftie Organizations: IRS, Taxation, Service, American, Ticketmaster, Street Journal, MLS, Inter Miami CF Locations: Wall, Silicon

☆ FTC to file antitrust case against Amazon as soon as Tuesday - Politico
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Amazon is seen, November 15, 2022. REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsCompanies Amazon.com Inc FollowSept 22 (Reuters) - The Federal Trade Commission (FTC) will file a long-awaited antitrust lawsuit against Amazon (AMZN.O) in federal court as soon as Tuesday, news site Politico reported on Friday, citing three people with knowledge of the matter. One of the final hurdles before the FTC sues Amazon is to get as many states as possible to sign on to the complaint, according to the report. FTC chairperson Lina Khan authored a Yale Law Journal article in 2017, in which she said Amazon's structure and practices posed anticompetitive concerns and has escaped antitrust scrutiny. Reporting by Urvi Dugar and Yuvraj Malik in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal, Lina Khan, Urvi Dugar, Yuvraj Malik, Shilpi Majumdar Organizations: REUTERS, Federal Trade Commission, Amazon, Politico, FTC, Reuters, Yale, Thomson Locations: Bengaluru

☆ ‘Dumb Money’ Review: David, Goliath and the GameStop Frenzy
▼ + stars: | 2023-09-22 | by ( Kyle Smith | ) www.wsj.com time to read: 1 min

Nick Offerman and Seth Rogen Photo: SONY PICTURES ENTERTAINMENT‘Dumb Money,” which lives up to its name in ways it doesn’t quite grasp, recounts a strange-but-true tale that makes an ungainly subject for a movie. Shares of GameStop, a retailer of video games, zoomed from under $5 to an intraday high of nearly $500 amid a jokey viral campaign by small investors meant to counteract many Wall Street short sellers betting on the stock to collapse.

Persons: Nick Offerman, Seth Rogen Organizations: SONY, GameStop

☆ SEC fines Goldman Sachs $6 million over inaccurate, incomplete trading information
▼ + stars: | 2023-09-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — The U.S. Securities and Exchange Commission on Friday announced a $6 million penalty against Goldman Sachs for providing incomplete and inaccurate trading information to the regulator. The banking giant made more than 22,000 deficient "blue sheet" submissions over a roughly 10-year period, affecting at least 163 million transactions, according to an SEC order. The SEC routinely sends these electronic requests to brokers for securities trading information to identify buyers and sellers. The firm is "pleased to have resolved this matter," Abbey Collins, a spokesperson for Goldman Sachs, told CNBC. But the SEC also found that Goldman had insufficient internal processes to verify the accuracy of its blue sheet submissions.

Persons: WASHINGTON, Goldman Sachs, Thomas P, Smith Jr, Goldman, Abbey Collins, Collins Organizations: The U.S . Securities, Exchange Commission, SEC, New York Regional Office, CNBC Locations: The

☆ Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to health care to retail
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

Jeff Marks: The upcoming earnings report should be good considering how strong the beer business is doing. Jim Cramer: Estee Lauder CEO Fabrizio Freda was adamant that this quarter wouldn't be any good so everyone is selling it. (Ronald) Jim Cramer: There is no pressure that could pull oil down with the Saudi Arabia oil cuts and Russia export cuts. Jeff Marks: These oil stocks have become great hedges to inflation again, much like they were last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Jim Cramer, Johnson, Arbitrageurs, Greg, There's, We're, Elliott Management's, I'd, Elliott, Morgan Stanley, Carey, we've, James Gorman, Jim, Estee Lauder, Fabrizio Freda, there's, Dave Cote, Darius Adamczyk, Vimal Kapur, Darius, hasn't, —, Ronald, Rick, We've Organizations: Investing Club, Broadcom, VMWare, AAA, Constellation Brands, Modelo, Elliott Management, Cisco, Palo Alto Networks, Honeywell, Morgan, Morgan Stanley Laguna, GE Healthcare, Natural Resources, Devon Energy, Halliburton, HAL, Costco, Walmart, Kirkland, CNBC Locations: Canada, Johnson, Mel , Pennsylvania, Manville, New Jersey, U.S, Carey , Virginia, Asia, Kyle , Wisconsin, PANW, Omar , Colorado, Saudi Arabia, buybacks, GEHC

☆ FTC to file antitrust case against Amazon as soon as Tuesday, Politico reports
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsSept 22 (Reuters) - The Federal Trade Commission will file a long-awaited antitrust lawsuit against Amazon (AMZN.O) in federal court as soon as Tuesday, Politico reported on Friday, kicking off the latest leg in the US effort to rein in the market power of Big Tech companies. The legal action, which would follow federal lawsuits filed against Alphabet's (GOOGL.O) Google and Meta's (META.O) Facebook, has been expected after years of complaints that the big tech companies abused their dominance. Amazon.com, for example, has been accused of buying competitors to thwart competition and abusing third-party sellers on its platform, among other allegations. The American tech giant has been criticized for allegedly favoring its own products and disfavoring outside sellers on its platform. FTC chairperson Lina Khan authored a Yale Law Journal article in 2017, in which she said Amazon's structure and practices posed anticompetitive concerns and has escaped antitrust scrutiny.

Persons: Pascal, Lina Khan, Urvi Dugar, Yuvraj Malik, Shilpi Majumdar, Chizu Organizations: REUTERS, Federal Trade Commission, Amazon, Politico, Big Tech, Alphabet's, Google, Facebook, FTC, Reuters, Yale, Thomson Locations: Bengaluru

☆ Health care has had a tough year. Where we stand on our 5 stocks in the sector
▼ + stars: | 2023-09-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +12 min

Bausch Health (BHC) is a different case. Key points Health-care stocks outperformed the broader U.S. stock market last year, but this year it's been much-tougher sledding for the sector due to a variety of headwinds. We feel comfortable owning our three other primary health care stocks: GE Healthcare, Humana and Danaher. In recent weeks, analysts at Wells Fargo and Citigroup have started coverage of GE Healthcare with buy ratings. The analysts at Jefferies now rate Bausch Health stock a buy, with a price target increase to $16 per share from $9.

Persons: There's Eli Lilly, Eli Lilly, That's, Eli Lilly's, Ryan Issakainen, we're, Issakainen, –, Stryker, Jim Cramer, it's, Jim, We've, Bausch, BHC, We're, I'm, Jefferies, Jim Cramer's, Frederick Florin Organizations: GE Healthcare, Health, Federal Reserve, First Trust Advisors, Humana, Medicare, Dow, UnitedHealth, GE, General Electric, —, Citigroup, Jefferies, CNBC, AFP, Getty Locations: what's, China, STE, Biogen, Wells, Bausch, Fegersheim, France

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