Among the drug pricing developments to watch in 2022, those at the top include legislation that would allow Medicare price negotiation and alter antitrust rules for the pharmaceutical.
that would be the theory, shannon. i think you re right about whether to treat them as common carriers. at this is actually an area where some conservatives and some liberals agree you ve probably also run stories about how the ftc and other agents in the justice department want to start putting these companies under serious antitrust scrutiny, also on the theory they ve become too big and powerful. if they become too big and powerful, than the campus terminate and say just like united airlines couldn t say no or republicans are allowed in unfriendly skies. you can t have the same argument about twitter. but the basic idea, the common carrier. harry is quite right, you would need to see a lot of other pieces move in the agencies in congress but the lawsuit could be trump s lawsuit could bring such attention, it could be the prompt to action. shannon: the wall street journal, very quickly, quotes and other well-known who says this. it might be enough to show the government act
(Bloomberg) Tencent Holdings Ltd. is setting out to prove it’s best placed to weather a storm of antitrust scrutiny that’s wiped about $200 billion off the value of China’s largest company in a span of months.Its results on Thursday should affirm the resilience of the world’s largest game-publishing business as the pandemic recedes, now buttressed by growth in newer arenas such as fintech and the cloud. Yet it’s struggled to claw back the market capitalization it’s shed since its January peak, right around the time Beijing began a clampdown on Jack Ma’s Alibaba Group Holding Ltd. and Ant Group Co. before moving on to rising star Meituan.Tencent has largely escaped the hostilities for now despite its ubiquitous WeChat app offering unrivaled insights into virtually every facet of Chinese life and an overwhelming share of the gaming, music and social media markets. But questions remain over eventual fallout from a campaign that’s
Tech Giants Ramp Up Lobbying In Face of Antitrust Scrutiny (infographic)
January 26, 2021
Faced with one of the largest antitrust lawsuits in history, Facebook has ramped up its lobbying expenditure in 2020. According to official filings with the Senate Office of Public Records, the social media giant spent $19.7 million to make its voice heard in Washington D.C. last year, up 18 percent from its 2019 total. According to an analysis by the Wall Street Journal, that makes Facebook the biggest corporate lobbying spender in the United States, ahead of fellow tech giant Amazon and telecom conglomerate Comcast.
“We’ve been clear that the internet needs updated regulations, which is why we’ll continue voicing our support for new rules that address today’s realities online,” a Facebook spokesman said to the Wall Street Journal in a statement many people would agree with. However, Facebook probably has different regulations in mind than the Federal Trade Commission, which, along