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Ready to pounce on Powell

Ready to pounce on Powell
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.

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Lawmakers press AbbVie CEO on increased US prices of two drugs

© Greg Nash
A group of mostly Democratic House lawmakers pressed drugmaker AbbVie’s CEO on Tuesday over the increased prices of anti-inflammatory drug Humira and cancer drug Imbruvica in the U.S. in the years since they first became available.
AbbVie s Richard Gonzalez faced tough questions from the Oversight and Reform Committee, with Democrats accusing the company of taking advantage of patients and the health care system to charge more for medicine and bring in billions of dollars for revenue and executive bonuses.
“You haven’t made the drug any better even as you doubled the cost,” Rep. Katie Porter (D-Calif.) said during the hearing. “You’re feeding us lies that we must pay astronomical prices to get innovative products.” ....

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Apple in hot seat after the UK starts antitrust probe on its app store

Apple in hot seat after the UK starts antitrust probe on its app store
Photo by: Marco Paköeningrat/Flickr (CC BY-SA 2.0)
Friday, March 5, 2021 6:32 AM UTC
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Detailed cause of the UK’s probe against Apple
The British Competition and Markets Authority revealed on Thursday, March 4, that it had started its probe after receiving numerous complaints concerning its app store’s terms and conditions for app developers. They are saying that Apple has been implementing unfair and anti-competitive practices.
As per Reuters, the complainants explained that they are being forced to use Apple’s payment systems for transactions and deal out their products through the App Store. The tech giant is also charging a commission of up to 30% of the total value of the sales. ....

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Google and Facebook Hijacked Online Advertising Market, Denied Revenue to Publishers, Lawsuit Says

Google and Facebook Hijacked Online Advertising Market, Denied Revenue to Publishers, Lawsuit Says
By
Facebooks accounts on Twitter and Instagram were hacked
Marking a major development in the antitrust investigation against the Big Tech, Texas and nine other US states said Google and Facebook carved up the huge online advertising market through unlawful and unholy means.
Under the secret deal struck between the two heavyweights in 2018, the companies decided to two made a secret pact to divide up the market for ads on websites and apps between them, the Texas complaint says.
In a separate antitrust suit field in October, the Justice Department said Google got into a secret arrangement with Apple to make sure it continued to dominate the search engine space. ....

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FTC, states file antitrust suits against Facebook

FTC, states file antitrust suits against Facebook
mdjonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mdjonline.com Daily Mail and Mail on Sunday newspapers.

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