Elizabeth Warren's antitrust bill would dramatically enhance government control over the biggest US companies

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The ideas in Elizabeth Warren's bill demonstrate how dramatically she wants to reshape years of U.S. regulatory doctrine and policy.

. It outlines a set of provisions to apply to any company with "market power." The line Warren draws for such companies is far below the standard set for monopolistic companies, which hold 70% market share. The draft bill would instead focus on any companies with buying power, which could include corporations with market share as low as 25%.

That 2004 ruling protects companies from lawsuits if they do not allow their competitors access to infrastructure deemed necessary for business. Broadly speaking, such infrastructure could be access to anything from a bridge to a search engine. The Trinko case stemmed from a lawsuit against Verizon for not providing competitors access to the telephone network it had built up.

If enacted, the measure could have broad repercussions, including on companies like Amazon and Facebook that deal with the flow of data, an increasingly important tool in today's economy. Facebook was accused by the U.K. Parliament last year ofto Twitter's Vine social video app, impairing its competitor in the process.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Poverty!!! Whoopi !!!

About time. Amazon not paying taxes, union busting, ridiculous quotas, ridiculous pay, that's a joke.

She is pure evil

We certainly don’t need that👿💩👹👺

Why? Why would someone do the same mistake twice? It's because Americans want to show that they elected a Woman? So any woman is enough? Wasn't ibm example enough?

Monopoly Money: How to Break Up the Biggest Companies in Tech

Elizabeth Warren wants to micromanage everyone's life, control everything, and drive the US economy to a complete standstill.

Venezuela here we come!!

Most of our elected officials have no experience managing companies. Collectively, they are not very efficient at running our country. Why expand the dysfunction? No thank you Senator Warren.

WALL STREET PRETENDS to be for capitalism! It has trusts, monopolies, cartels and tariffs to hamper it! It was denounced, by President Teddy Roosevelt, when he signed anti-trust legislation! It was denounced, by Secretary-of-State William Jennings Bryan.

Great news!

Dem Party is ONLY about control. They R on the fast track from Socialism 2 Communism. Their Dream is 4 them (State) to Control EVERYTHING. Control WEALTH via HIGH TAXES, HEALTH via Medicare for All, Corporations and Private Business, FOOD, LAND, ENERGY, etc++

Since Bloomberg in, she is out 🤣

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines