The government’s Facebook trustbusting is a zealous takedown that harms consumers and punishes innovation

Consumer group: The government’s Facebook trustbusting is a zealous takedown that harms consumers and punishes innovation WASHINGTON, D.C — On Wednesday, the Federal Trade Commission issued its long-awaited lawsuit, in conjunction with attorneys general from 46 states, that aims to force Facebook to break up its popular services WhatsApp and Instagram for alleged “anticompetitive” behavior….

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Trump’s drug import plan will make us all pay

Make Canada Great Again? Believe it or not, that’s what is at the center of President Donald Trump’s latest executive order aimed at trying to lower the cost of prescription drugs for Americans. Trump’s plan, dubbed the “Most-Favored-Nation-Price” model, would effectively import price controls on pharmaceuticals from other nations with single-payer, government-run health systems, including Canada. With…

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Antitrust tech hearings dig for consumer harm but come up short

Armed with face masks and fresh customer complaints, members of the House Subcommittee on Antitrust, Commercial, and Administrative Law convened both virtually and in-person on Thursday, for the first of many hearings on competition in the tech sector. It was almost a six-hour marathon of gobbledygook legal turns of phrase and static-prone sessions of troubleshooting for lawmakers….

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