Schumer Accused of Caving to Big Tech After Failure to Deliver on Antitrust Pledge

In May, Senate Majority Leader Chuck Schumer promised an early-summer vote on bipartisan antitrust legislation that, while relatively modest, would take concrete steps to curb the vast power of Big Tech. But with the end of the year approaching, Schumer has yet to deliver on his pledge, angering supporters of the bills who say the Democratic leader is caving to Apple, Google, Amazon… Source Source / Read More: Schumer Accused of Caving to Big Tech After Failure to Deliver on Antitrust Pledge

Senate Antitrust Leader, AOC Slam Ticketmaster Amid Taylor Swift Concert Snafu

Ticketmaster is under fire from the Senate’s top antitrust legislator for appearing to abuse its monopolistic position over the ticket market in the wake of the platform’s snafu when Taylor Swift concert tickets went on sale this week. On Wednesday, Senate Competition Policy, Antitrust, and Consumer Rights Subcommittee Chair Amy Klobuchar (D-Minnesota) sent a letter to Ticketmaster CEO Michael Rapino, saying that the company appears to be abusing its grip over the market, which she said resembles a monopoly. In her letter, she cited issues that have plagued ticket buyers in recent years, like high fees that can almost equal…

Omar Leads Call for Probe of Baby Formula Industry Amid National Shortage

Minnesota Congresswoman Ilhan Omar and 25 other House Democrats on Friday called for a federal probe of the nation’s concentrated baby formula industry amid a national shortage that has prompted emergency action from lawmakers and the White House. “We are writing to urge the Federal Trade Commission (FTC) to work with relevant federal agencies to investigate the U.S. baby formula industry and study any unfair or unsustainable practices, like deceptive marketing, price gouging, and stock buybacks, that may be weakening our nutritional formula supply and ultimately harming our constituents,” states the Democrats’ letter to the agency’s chair, Lina Khan. Abbott…

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