Four Big Tech CEOs — Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google’s Sundar Pichai, and Apple’s Tim Cook — will answer for their companies’ practices before Congress at a hearing Wednesday, July 29, by the House Judiciary subcommittee on antitrust.
The panel has conducted a bipartisan investigation over the past year of the tech giants’ market dominance and their effect on consumers.
It’s the first such congressional review of the tech industry. It has aimed to determine whether existing competition policies and century-old antitrust laws are adequate or if new legislation and more funding for enforcement are needed. The four CEOs are expected to testify remotely.
The hearing originally was set for Monday. It was rescheduled to allow lawmakers who are committee members to participate in commemorations at the US Capitol on Monday and Tuesday for Rep. John Lewis, the civil rights icon and longtime Georgia congressman who died July 17.
Full Content: Business Standard
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI