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House Judiciary Antitrust Committee Asks Amazon to Clarify Misleading Testimony

Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20211018 14:28:00

evidence you say you found? it s important that the reporting from reuters and also the mark-up shows that amazon favored its own products and services and collected individual seller data to compete with their private label products, compete directly with those selling in their marketplace, is completely consistent with what we found in our investigation. congressman buck and i led, along with members of the antitrust subcommittee, a 16-month investigation of the digital platforms. we found they had monopoly power. we re seeing that in evidence reporting today. it s consistent with the findings of our report. and we sent a letter to the amazon executives to give them a final opportunity to correct the record and acknowledge these business practices. is good news is we have a solution to this problem. we passed the american innovation and choice online act to prohibit both behaviors, but it s important. we haven t seen the actual documents so we sent the letter seeking production of

Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20211018 14:31:00

forward child care, paid family leave, low prescription drugs prices, the list goes on and on. others argue for less of an investment, but this is about reducing costs, about creating good-paying jobs, dealing with the climate crisis, and most importantly it s all paid for by making sure the wealthiest americans and the biggest corporations pay their fair share. those negotiations are going on. i m confident we ll get both things done. one final thing if i may, ken buck has been a terrific parter in as a ranking member of the antitrust subcommittee and i salute him as well. i love having you guys on together, right, to discuss. here s a shared priority here. the fact is on the budget, as you know, congressman buck, not shared in terms of passing this republican opposition as unified. as you know, there are elements of this that have broad bipartisan support, among them expanded medicare benefits, going to dental, hearing,

Congress Cannot Let Tech Competition Fall By The Wayside

Transcripts for MSNBC Stephanie Ruhle Reports 20211015 13:34:00

come to the floor this fall that will really restore competition back into the digital marketplace. when in the fall? you ve done all the work and you have a 400 page report but that s all bird cage lining unless it becomes policies and laws. absolutely right. and it s important to note that competition policy, antitrust policy is part of the answer. we also need reform, section 230 to hold these platforms accountable for their dangerous and toxic content. second we need the privacy bill. but we re not the antitrust subcommittee and we spent six months studying this and have bipartisan. the senate is introducing the same bills, companion bills, and we re now in the process of working through our caucus, both republican and democratic caucus to make sure people understand the dangers this consolidation presents, what these bills do and don t do. as you know, these large technology platforms have

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