Latest Monopoly and antitrust News

With Big Tech's dominance under scrutiny, EU probes Amazon

Jul. 17, 2019 4:53 PM EDT

BRUSSELS (AP) — While the U.S. Congress talks about reining in big tech companies, Europe is taking action. The European Union said Wednesday it is investigating whether Amazon uses data from independent retailers to gain an unfair advantage, a decision that could lead to changes in how the internet's...

Congress grills Big Tech over competition, money and power

Jul. 17, 2019 11:42 AM EDT

Big Tech faced tough questions this week as federal lawmakers focused on issues of potentially anticompetitive behavior by technology giants and expressed bipartisan skepticism over Facebook's plan for a new digital currency. Companies such as Apple, Google, Facebook and Amazon have long enjoyed nearly unbridled...

The Latest: Facebook denies that it's a monopoly

Jul. 16, 2019 5:36 PM EDT

WASHINGTON (AP) — The Latest on congressional hearings on the reach of big tech (all times local): 4:50 p.m. Rep. Joe Neguse, a Democrat from Colorado, sought to pin down Facebook on the subject of "monopoly" during a hearing on the power of Big Tech. Facebook argues it is not a monopoly because it has...

EU fines Hello Kitty owner $7 million in antitrust ruling

Jul. 9, 2019 11:50 PM EDT

BRUSSELS (AP) — European Union authorities on Tuesday fined the Japanese company behind Hello Kitty for restricting cross-border online sales of toys, mugs, bags and other products featuring the cartoon cat girl. The EU's antitrust commissioner, Margrethe Vestager, said that Sanrio Co. was fined 6.2...

Meet Big Tech's new foe - a congressman who fought City Hall

Jul. 2, 2019 2:22 PM EDT

PROVIDENCE, R.I. (AP) — Can the congressman who took on an entrenched machine politician in Rhode Island also stand up to Big Tech? David Cicilline, the Rhode Island Democrat now leading a House antitrust investigation into the market dominance of Facebook, Google, Amazon and Apple, is about to find out....

Future is in doubt for cheaper versions of biologic drugs

Jun. 27, 2019 10:47 AM EDT

TRENTON, N.J. (AP) — They were the drugs that were supposed to save the U.S. tens of billions of dollars. Called "biosimilars," they are near-copies of complex and expensive biologic drugs to treat cancer, rare diseases and autoimmune disorders like rheumatoid arthritis and colitis. But U.S. sales have...

2 Norwegian shipping executives indicted in antitrust case

Jun. 27, 2019 1:02 AM EDT

BALTIMORE (AP) — Two Norwegian shipping executives have been indicted on charges that they participated in a sprawling antitrust conspiracy. The case against the two Norwegian businessmen has been unsealed in federal court in Baltimore. It's part of an ongoing U.S. investigation into bid rigging and other...

4 states added to suit to stop $26.5B Sprint-T-Mobile deal

Jun. 21, 2019 1:18 PM EDT

NEW YORK (AP) — Hawaii, Massachusetts, Minnesota and Nevada are joining the legal fight against T-Mobile's $26.5 billion bid for Sprint in a case that lawyers on both sides say they hope will reach trial in October. Beau Buffier, a lawyer for New York state's attorney general, told a judge at a Manhattan...

Justice's antitrust chief sketches how he'll assess big tech

Jun. 11, 2019 9:41 PM EDT

WASHINGTON (AP) — The U.S. Justice Department's antitrust chief suggested Tuesday he'll take a broad view of how competition is harmed when assessing whether big tech firms should be broken up. Assistant Attorney General Makan Delrahim also was clear in a speech in Israel that he is well aware that just...

Tech on trial: House mulls antitrust help for news industry

Jun. 11, 2019 5:47 PM EDT

WASHINGTON (AP) — Members of both parties on Tuesday suggested legislation may be necessary for the financially-struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies. At a hearing of the House Judiciary Committee's antitrust panel,...