Tag Archives: Antitrust

US Court Rules Google a Monopoly in ‘Biggest Antitrust Case of the 21st Century’

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“Google is a monopolist, and it has acted as one to maintain its monopoly,” said a federal judge in the decision.

By Julia Conley. Published 8-5-2024 by Common Dreams

Google_headquarters. Photo: Anthony Quintano/flickr/CC

A federal judge left no room for ambiguity Monday in a landmark ruling in a case brought by the Justice Department and states against tech giant Google, in which the government argued the company had illegally monopolized the search engine and advertising market.

“Google is a monopolist, and it has acted as one to maintain its monopoly,” said Judge Amit Mehta, who sits of the U.S. District Court for the District of Columbia.

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With Attention on Presidential Contest, GOP Goes on Austerity Rampage

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One leading Democrat warned Republicans’ spending proposals would “demolish public education” and “let corporate price gouging run rampant.”

By Jake Johnson. Published 7-6-2024 by Common Dreams

Speaker of the House Mike Johnson speaking with attendees at the Republican Jewish Coalition’s 2023 Annual Leadership Summit. Photo: Gage Skidmore/flickr/CC

With much of the public’s attention on the looming presidential election and high-stakes jockeying over who will take on Donald Trump in November, congressional Republicans in recent weeks have provided a stark look at their plans for federal spending should their party win back control of the presidency and the Senate.

The appropriations process for Fiscal Year 2025, which begins in October, is currently underway, with congressional committees engaging in government funding debates that are likely to continue beyond the November elections.

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Corporate Landlords’ Profits Soar as Tenants Drown in Rent Hikes and Fees

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“Through-the-roof rent hikes based on greed—not need—have kept many Americans from getting ahead,” said one advocate at Accountable.US.

By Julia Conley. Published 6-12-2024 by Common Dreams

Yn 2002, the Roosevelt began operating as a luxury apartment building (Camden Roosevelt), owned by Camden Property Trust. Photo: NCinDC/flickr.CC

With monthly inflation down to its lowest point in more than two years and heading toward the Federal Reserve’s target, the Biden administration on Wednesday celebrated “welcome progress.”

But an analysis from Accountable.US showed how more than 100 million people who rent their homes in the U.S. are not seeing the benefits of what one Biden spokesperson called “the great American comeback” in their housing costs, particularly millions of people whose homes are owned by corporate landlords.

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FTC-DOJ Merger Guidelines Aim to ‘Restore Competition and Strengthen Democracy’

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One expert called the guidance “a game-changer for antitrust enforcement, incorporating decades of new learnings and thousands of public comments from working families and small businesses.”

By Jessica Corbett. Published 12-18-2023 by Common Dreams

Federal Trade Commission Chair Lina Khan. Screenshot: CNBC

Antitrust campaigners and experts on Monday celebrated the Biden administration’s new guidelines for mergers and acquisitions, which supporters say will “restore competition and strengthen democracy.”

Farm Action co-founder and chief strategy officer Joe Maxwell commended the Federal Trade Commission (FTC) and U.S. Department of Justice (DOJ) “for delivering on their commitment to restore competition to our economy.”

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Biden FTC Applauded for Moving to Crack Down on ‘Predatory Pricing,’ Other Corporate Abuses

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FTC Chair Lina Khan is “charting a path toward a new era of refined antitrust enforcement that prioritizes working families and small businesses,” said one advocate.

By Kenny Stancil  Published 11-10-2022 by Common Dreams

Federal Trade Commission Chair Lina Khan. Screenshot: CNBC

Progressives cheered Thursday after the Federal Trade Commission voted 3-1 to issue a new policy statement restoring the agency’s commitment to “rigorously enforcing the federal ban on unfair methods of competition.”

While Section 5 of the FTC Act—passed in the early 20th century by congressional lawmakers unsatisfied with the Sherman Act, the original antitrust statute—prohibits “unfair methods of competition” and instructs the commission to identify and rein in such practices, the agency has refused for decades to exercise its full legal authority to do so. Continue reading →

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Reported End to Facebook’s ‘Murky’ Deals With News Giants Sparks Call for ‘Truly Fair Marketplace’

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“We can’t allow our free press to be captured by tech monopolies,” warned one advocate.

By Brett Wilkins  Published 6-10-2022 by Common Dreams

Image: Simon Steinberger/CC

Press freedom and antitrust advocates on Friday derided both Facebook and corporate media beneficiaries of the tech titan’s multimillion dollar spending spree following reporting that the company is rethinking its investments amid increasing regulatory pressures and a shift away from news partnerships.

The Wall Street Journal reports that Facebook in recent years has annually paid an average of more than $15 million to The Washington Post, as well as $20 million to The New York Times, and over $10 million to the Journal. The Journal deal is part of a larger $20 million agreement. Continue reading →

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EU Enacts Landmark Social Media Law to End Self-Regulation by Big Tech

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“As the U.S. agonizes over misinformation and hate speech on social media and the harm it does to democracy,” said one journalist, the European Union passed the Digital Services Act “to tackle the problem.”

By Kenny Stancil  Published 4-23-2022 by Common Dreams

Photo: Jason Howie/flickr/CC

The European Union on Saturday passed a landmark law that seeks to reduce social media’s harmful effects by requiring Big Tech corporations to quash disinformation and illicit content on their platforms or else face multibillion-dollar fines.

The Digital Services Act (DSA) would compel Facebook, YouTube, TikTok, Twitter, and other platforms “to set up new policies and procedures to remove flagged hate speech, terrorist propaganda, and other material defined as illegal by countries within the European Union,” the New York Times reported. Continue reading →

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Digital Rights Groups Hail Record €746 Million Amazon Data Privacy Fine

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La Quadrature du Net, whose complaint led to the Luxembourg fine, called the penalty a “first step,” but said that “we need to remain vigilant” in the face of Amazon’s ongoing violations.

By Brett Wilkins, staff writer for Common Dreams. Published 7-30-2021

Amazon/AWS offices in Luxembourg. Photo: -wuppertaler, CC BY-SA 4.0 via Wikimedia Commons

Digital rights advocates on Friday applauded a €746 million fine levied against Amazon by a Luxembourg regulator for the tech giant’s violation of European Union data privacy laws.

The record penalty—which converts to about U.S. $886 million—was imposed on July 16 by CNPD, Luxembourg’s data protection agency, and disclosed in an Amazon regulatory filing (pdf) on Friday, according to Bloomberg. Continue reading →

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It’s too late for court rulings: Shell must fall

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It’s time for a proper debate about how to dismantle fossil fuel companies

By #ShellMustFall . Published 6-9-2021 by openDemocracy

Dressed as construction workers, #ShellMustFall took a wrecking ball to the Shell headquarters | Alex Bleu, CC BY-SA 2.0

On 26 May a Dutch court ordered the oil giant Shell to reduce its global carbon emissions by 45% by 2030 in a landmark ruling. That Shell is finally being held accountable for its role in the climate crisis is a victory not only for Friends of the Earth Netherlands (Milieudefensie) and the more than 17,000 co-plaintiffs who brought the case, but for the entire global movement against the fossil fuel industry.

But despite the excitement that we at action coalition #ShellMustFall share, we want to remind the world: litigation will not be enough to stop Shell’s leaders from damaging our planet. Continue reading →

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‘This Is a Massive Scandal’: Trump FDA Grants Drug Company Exclusive Claim on Promising Coronavirus Drug

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“It is insane and unacceptable,” said Bernie Sanders. “We will not tolerate profiteering. Any treatment or vaccine must be made free for all.”

By Julia Conley, staff writer for Common Dreams. Published 3-24-2020

Coronavirus. Photo: CDC

As healthcare providers across the U.S. desperately attempt to treat a rapidly growing number of patients with the coronavirus, a pharmaceutical company with ties to the Trump administration has been granted exclusive status for a drug it is developing to treat the illness—a potential windfall for the company that could put the medication out of reach for many Americans.

As The Intercept reported Monday, the Food and Drug Administration granted Gilead Sciences “orphan” drug status for remdesivir, one of several drugs being tested as potential treatments for the coronavirus, officially known as COVID-19. The designation is generally reserved for drugs that treat rare illnesses affecting fewer than 200,000 Americans—but companies can be eligible if the designation, as in this case of a rapidly spreading virus, is made before a disease spreads beyond that limit. Continue reading →

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