- UK growth slows in third quarter, dealing blow to Labour government
- Chris Wood hits quickfire double in NZ World Cup qualifying romp
- Markets struggle at end of tough week
- China tests building Moon base with lunar soil bricks
- Film's 'search for Palestine' takes centre stage at Cairo festival
- Oil execs work COP29 as NGOs slam lobbyist presence
- Gore says climate progress 'won't slow much' because of Trump
- 'Megaquake' warning hits Japan's growth
- Stiff business: Berlin startup will freeze your corpse for monthly fee
- Wars, looming Trump reign set to dominate G20 summit
- Xi, Biden attend Asia-Pacific summit, prepare to meet
- Kyrgios to make competitive return at Brisbane next month after injuries
- Dominican Juan Luis Guerra triumphs at 25th annual Latin Grammys
- Landslide win for Sri Lanka president's leftist coalition in snap polls
- Australian World Cup penalty hero Vine takes mental health break
- As Philippines picks up from Usagi, a fresh storm bears down
- Tropical Storm Sara pounds Honduras with heavy rain
- Pepi gives Pochettino win for USA in Jamaica
- 'Hell to heaven' as China reignite World Cup hopes with late winner
- Rebel attacks keep Indian-run Kashmir on the boil
- New Zealand challenge 'immense but fantastic' for France
- Under pressure England boss Borthwick in Springboks' spotlight
- All Blacks plan to nullify 'freakish' Dupont, says Lienert-Brown
- TikTok makes AI driven ad tool available globally
- Japan growth slows as new PM readies stimulus
- China retail sales pick up speed, beat forecasts in October
- Asian markets fluctuate at end of tough week
- Gay, trans people voicing -- and sometimes screaming -- Trump concerns
- Argentina fall in Paraguay, Brazil held in Venezuela
- N. Korean leader orders 'mass production' of attack drones
- Pakistan's policies hazy as it fights smog
- Nature pays price for war in Israel's north
- New Zealand's prolific Williamson back for England Test series
- Mexico City youth grapple with growing housing crisis
- After Trump's victory, US election falsehoods shift left
- Cracks deepen in Canada's pro-immigration 'consensus'
- Xi inaugurates South America's first Chinese-funded port in Peru
- Tyson slaps Paul in final face-off before Netflix bout
- England wrap-up T20 series win over West Indies
- Stewards intervene to stop Israel, France football fans clash at Paris match
- Special counsel hits pause on Trump documents case
- Japan's Princess Mikasa, great aunt to emperor, dies aged 101
- Cricket at 2028 Olympics could be held outside Los Angeles
- Trump names vaccine skeptic RFK Jr. to head health dept
- Ye claims 'Jews' controlling Kardashian clan: lawsuit
- Japan into BJK Cup quarter-finals as Slovakia stun USA
- Sri Lanka president's party headed for landslide: early results
- Olympics 'above politics' say LA 2028 organisers after Trump win
- Panic strikes Port-au-Prince as residents flee gang violence
- Carsley hails England's strength in depth as understudies sink Greece
RBGPF | 100% | 61.84 | $ | |
CMSC | -0.24% | 24.55 | $ | |
JRI | -0.23% | 13.21 | $ | |
GSK | -2.09% | 34.39 | $ | |
BCC | -1.57% | 140.35 | $ | |
BCE | -1.38% | 26.84 | $ | |
SCS | -0.75% | 13.27 | $ | |
RIO | -0.31% | 60.43 | $ | |
RELX | -0.37% | 45.95 | $ | |
AZN | -0.38% | 65.04 | $ | |
CMSD | -0.02% | 24.725 | $ | |
NGG | 0.4% | 62.37 | $ | |
RYCEF | -4.71% | 6.79 | $ | |
BP | 1.65% | 29.05 | $ | |
VOD | -0.81% | 8.68 | $ | |
BTI | 0.2% | 35.49 | $ |
US lawmakers advance Big Tech competition bill
A US Senate panel endorsed legislation Thursday that would block tech giants from prioritizing their products over those of smaller rivals, a potentially major reform that will face a tough fight in Congress.
Partisan deadlock has doomed a series of previous bills aimed at cracking down on problems ranging from privacy to business competition for these goliaths, but the 16-6 vote by the Judiciary Committee signalled some momentum.
The American Innovation and Choice Online Act was advanced with bi-partisan support, setting it on a path to be considered by the full Senate -- but still a long ways from being law.
Under the bill, dominant platforms like Amazon or Google would be barred from discriminating against other companies that rely on their services to do business.
For example, Amazon would not be allowed to list its brand of products higher than a competitor that also uses the platform to sell to consumers.
Even though Thursday's hearing is just one step in a lengthy potential journey to President Joe Biden's desk, Big Tech firms have flexed their muscle in opposition.
"I spent about 40 minutes on the phone yesterday with Tim Cook, the CEO of Apple, who expressed significant concerns about the bill," conservative Senator Ted Cruz told the hearing, before voting in favor of the legislation.
Kent Walker, president of global affairs and chief legal officer for Google parent Alphabet, also lobbied hard with a blog post titled: "The harmful consequences of Congress's anti-tech bills."
Criticism of Big Tech power swelled last year after the Facebook whistleblower scandal revealed the firm knew its platforms could hurt teens' well-being -- giving renewed momentum to regulation efforts.
However, US lawmakers have long lagged behind the technology and social issues it has become entwined in, while Republicans and Democrats have been unable to agree on an approach.
Yet the efforts targeting the industry's titans have drawn support from smaller companies like review site Yelp and web privacy service DuckDuckGo.
"Dominant technologies companies' ability to give their own products and services preferential placement, access, and data on online platforms and operating systems prevents companies like us from competing on the merits," over three dozen firms told lawmakers in a letter.
The bill, however, comes as Biden's Democrats have the narrowest of control over Congress, with legislative elections set for November.
Biden has struggled to get major portions of his domestic agenda through Congress, seeing setbacks on voting rights as well as his social spending package.
Yet Senator Amy Klobuchar argued Thursday that taking on Big Tech is vitally important, too.
"What this is about, at its core, is monopolies," she told the hearing. "We have to look at this differently than just start-up companies in a garage. That's not what they are anymore."
P.Hernandez--AT