Amazon, Apple, Facebook and Google, facing the growing possibility of antitrust action and legislation to rein in their power, are spending freely to gain influence and access. Source: NYT > Business – Cecilia Kang and Kenneth P. Vogel
DealBook Briefing: Big Tech Enters Antitrust Purgatory
Amazon, Apple, Facebook and Google are all facing federal antitrust inquiries — a potentially long and painful period in their corporate lives. Source: NYT > Business –
Attention, Amazon Shoppers: Google Wants Some of Your Spending Money
Amazon wants to sell ads. Google wants to woo shoppers. Their ambitions are putting the tech giants on a collision course. Source: NYT > Business – DAISUKE WAKABAYASHI and KAREN WEISE
Eric Schmidt to Leave Alphabet Board, Ending an Era That Defined Google
The former chief executive’s departure is part of broader shake up of Alphabet’s board, which is the target of a shareholder lawsuit. Source: NYT > Business – DAISUKE WAKABAYASHI
Alphabet Falls $1 Billion Short of Revenue Forecasts, Blaming Strong Dollar
The company said it expected foreign currency to be an issue again in the current quarter, and its stock slid in after-hours trading. Source: NYT > Business – DAISUKE WAKABAYASHI
Strategies: ‘Medicare for All’ Is Hammering Health Care Stocks. For Now.
The popularity of proposals for a government-run, single-payer system among Democratic presidential candidates has hurt health care stocks, despite their strong earnings. Source: NYT > Business – JEFF SOMMER