Google CEO Sundar Pichai was expected to fly to Donald Trump’s Mar-a-Lago residence on Thursday to meet with the president-elect, according to a report. Pichai is just the latest billionaire tech executive from whom Trump has sought counsel, along with Tesla founder Elon Musk and Amazon founder Jeff Bezos, according to The Information. But this … Read more
Donald Trump isn’t even in the Oval Office but the people he has selected to run his regulatory apparatus are promising big changes for deal-making, some good — on balance more approved mergers than what was allowed by the Biden peeps — and some not so good, On The Money has learned. One deal that’s … Read more
The Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as U.S. president and the expectation he … Read more
Shares of Google parent Alphabet plunged more than 6% on Thursday after the Justice Department asked a federal judge to order a selloff of Google’s Chrome web browser – one of several remedies aimed at breaking up the Big Tech firm’s monopoly over online search. The stock drop signaled anxiety on Wall Street about Google’s future after … Read more
Google’s Chrome browser would be worth $20 billion on the open market if the Justice Department succeeds in convincing a federal judge to order divestment, according to a report. The DOJ will recommend in a Wednesday filing that US District Judge Amit Mehta order Chrome to be sold as part of a suite of changes … Read more
The Justice Department will ask a judge to force Alphabet’s Google to sell off its Chrome browser, Bloomberg reported Monday, citing people familiar with the plans. The DOJ will ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and its Android smartphone operating system, the report said. … Read more
Donald Trump’s White House win could have a major impact on antitrust regulation and US policy toward the tech sector — including a pair of pending Justice Department cases against Google. Trump — a longtime Google critic who has accused the search giant of political bias and election interference — has nevertheless expressed reluctance to … Read more
High-powered lawyers representing Big Tech clients have co-hosted a series of blue-chip fundraisers for Kamala Harris’s campaign as the 2024 presidential election draws near – and antitrust watchdogs are crying foul. Last Thursday, a group of “antitrust lawyers and economists for Harris” held a virtual fundraiser featuring an appearance by former US Assistant Attorney General … Read more
McDonald’s claimed major beef suppliers — including Tyson — fixed prices at artificially high levels in a conspiracy that violated federal antitrust laws, according to an explosive lawsuit. The burger-and-fries giant claimed the beef suppliers agreed to manipulate and fix prices at “supracompetitive levels,” according to the suit filed on Friday in the US Eastern … Read more
A top lawyer for Google in the search giant’s landmark trial with the US government is also a key adviser to the Kamala Harris campaign — and tech antitrust watchdogs are calling the cozy relationship “outrageous,” The Post has learned. In a doubleheader that turned heads across the Beltway, Google attorney Karen Dunn last Tuesday … Read more
