The subcommittee will come to order. The chair is authorized to declare recesses at any time. This one on the role of data and privacy in competition. I recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman of the subcommittee will be here in a few minutes. Digital technologies have provided americans are a remarkable array of services. It has never been easier to share news and information, to publish content and communicate with loved ones. As with technological revolutions of the past this has up ended the balance of power across our country. Its important to understand how these imbalances are affecting americans. The committees ongoing oversight of competition in Digital Markets is a key part of this process. Todays hearing will examine the role that data plays in creating rolls of power and how this affects competition. As previous hearings have shown, its controlled by a small number of companies. They are pe
already shot down in advance. earlier this year, speaker pelosi said president biden s idea would not even be going to the consumers. she called it quote very showbiz. larry summers, top economists of multiple democrat presidents, said the idea would be shortsighted, ineffective, goofy and gimmicky. jason thurman, president obama s former head of the council of economic advisers said yesterday whatever you thought of the gas tax in february, it is a worse idea now. the gas tax holiday would also add to inflation. jason thurman yesterday. back in 2008, then candidate obama called the idea quote a gimmick that would save you half a tank of gas over the entire summer so everyone in washington can pat themselves on the back and say they did something. look, a recent study of past gas tax holidays found a less than 20% of the amount ends up actually lowering prices at the pump. in other words, lifting the 18.4 cent gas tax would mean lowering america s gas prices by just three or
the speaker pro tempore: for what purpose does the gentleman from indiana seek riggs nation recognition? how are you, mr. speaker. as the member designated by mrs, pursuant to h.res. 8, i inform the house that mrs. walorski will vote yea on the en bloc number 1. the speaker pro tempore: for what purpose does gentlelady from illinois seek recognition? as the member designated by mr. jeffries of new york, i inform the house that mr. jeffries will vote yes on the amendments en bloc. number one. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? mr. speaker, as the member designated by mr. john carter of the great state of texas, he will vote yea on en bloc number 1. the speaker pro tempore: for what purpose does gentlelady from north carolina seek recognition? mr. speaker, as the member designated by representatives price, hang johnson, and bonamici, i inform the house that these members will vote yea on en bloc number 1. th
This year, and coming up, whether now is the time to get back into it. Tomorrow marks President Trumps hundredth day in office, and tom cole says how Close Congress could be to getting a deal done on both taxes and health care. Amazon, alphabet, race to 1,000 a share. We are tracking the action. First to you on amazon. Hey, sara, will. If you are looking at price targets, the streak thinks amazon gets there first. Just shy 1500, thats 25 above alphabets. After the Quarterly Results yesterday, it is getting closer to the milestone. Amazon launched double digit revenue growth, and now heavy investments, and push in the indian market, drone delivery, to the recent nfl deal. Shares surged more than 50 over the last year, and about 25 since january alone. By the way, guys, once shares get 990, jeff besos is the worlds richest man of the its worth noting what spoils the party, and not everyone is on board with the thousanddollar plus average target. After earnings, Pacific Press downgraded a
Billion. Merck announced it is snapping up Sigma Aldrich and a 17 billion deal. 7. 6 billion dollar acquisition. Hans mercks deal helps it move away from developing pharmaceuticals why is that important . This is a Company Switching midstream. I havent had a new drug approved since 2003, and merck is moving away from being a pharmaceutical company. Of theirl get 60 revenues from the pharmaceutical side but theyre moving more toward chemicals and plastic. That is what they get with sigmaaldrich. They make many of the chemicals that go into testing and drugs, they get a big footprint in the u. S. As well. The stock sits at a hundred 40 per share and it closed on friday at 100. That seems like a 40 rhenium. Premium. In to thes this fit overall strategy . Becomings is clearly an industrial giant and wants to be an oilproducing servicing company. They have been eyeing dresser errand for some time. I know you have reported extensively on it, it is a veritable revolution. You have a German Co