In this file photo, Sen. Josh Hawley, R-Mo., listens during a confirmation hearing for Supreme Court nominee Amy Coney Barrett before the Senate Judiciary Committee, Tuesday, Oct. 13, 2020, on Capitol Hill in Washington. (Anna Moneymaker/The New York Times via AP, Pool, File)
U.S. Senator Josh Hawley (R-Mo.), a vocal critic of big tech, said the antitrust lawsuit filed on Tuesday by the Department of Justice against Google has the potential to become the biggest strike against monopoly power since the Microsoft case settled in 2001.
"This new case will be the most significant antitrust case in a generation and certainly since the Microsoft case, and I think it has the potential to be bigger than the Microsoft case because Google is a more powerful platform, a more powerful company than Microsoft was," Hawley told Cheddar's J.D. Durkin on Tuesday.
He agrees with critics of the Microsoft case that it should have gone further, but maintains that it still helped spur the startup boom of the early 2000s.
"People often say, well, it really wasn't that successful, but actually if you look at the surge in tech startups that occurred during and immediately after the Microsoft case, I think you can see that taking on Microsoft had a significant pro-competition, pro-innovation effect," he said.
The senator also stressed that this is a critical moment for antitrust law in the U.S.
"Let's just be honest here, the stakes are high for the Department of Justice," he said. "They need to prosecute this case to the fullest extent of their abilities, and they need to get a win. They need to show that antitrust law still has an important part to play in the 21st century economy, and I believe they'll do that."
The Social Security Administration’s acting commissioner has stepped down from her role at the agency over Department of Government Efficiency requests.
Mexican President Claudia Sheinbaum says her government is not ruling out filing a civil lawsuit against Google if it maintains its stance of calling the stretch of sea between northeastern Mexico and the southeastern United States the “Gulf of America.” Sheinbaum, in her morning press conference on Thursday, said the president’s decree to change the name of the Gulf of Mexico is restricted to the “continental shelf of the United States” because Mexico still controls much of the body of water. “We have sovereignty over our continental shelf,” she said.
U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug
President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during
President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin. Advocates for ditching the penny cite its high production cost and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel. Here's a look at some question surrounding Trump's order.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Brian Bennett, Senior White House correspondent at TIME, discusses Musk's relationship to Donald Trump and how he has such access in the federal government.
