-
LIV Golf events to receive world ranking points: official
-
Russia resumes large-scale Ukraine strikes in glacial weather
-
US House passes spending bill ending government shutdown
-
US jet downs Iran drone but talks still on course
-
UK police launching criminal probe into ex-envoy Mandelson
-
US-Iran talks 'still scheduled' after drone shot down: White House
-
Chomsky sympathized with Epstein over 'horrible' press treatment
-
French prosecutors stick to demand for five-year ban for Le Pen
-
Russia's economic growth slowed to 1% in 2025: Putin
-
Bethell spins England to 3-0 sweep over Sri Lanka in World Cup warm-up
-
Nagelsmann backs Ter Stegen for World Cup despite 'cruel' injury
-
Homage or propaganda? Carnival parade stars Brazil's Lula
-
EU must be 'less naive' in COP climate talks: French ministry
-
Colombia's Petro meets Trump after months of tensions
-
Air India inspects Boeing 787 fuel switches after grounding
-
US envoy evokes transition to 'democratic' Venezuela
-
Syria govt forces enter Qamishli under agreement with Kurds
-
Vonn says will defy injury and hunt for medals at Olympics
-
WHO wants $1 bn for world's worst health crises in 2026
-
France summons Musk, raids X offices as deepfake backlash grows
-
Four out of every 10 cancer cases are preventable: WHO
-
Sex was consensual, Norway crown princess's son tells rape trial
-
Sacked UK envoy Mandelson quits parliament over Epstein ties
-
US House to vote Tuesday to end partial government shutdown
-
Eswatini minister slammed for reported threat to expel LGBTQ pupils
-
Pfizer shares drop on quarterly loss
-
Norway's Kilde withdraws from Winter Olympics
-
Vonn says 'confident' can compete at Olympics despite ruptured ACL
-
Germany acquires power grid stake from Dutch operator
-
France summons Musk for questioning as X deepfake backlash grows
-
Finland building icebreakers for US amid Arctic tensions
-
Petro extradites drug lord hours before White House visit
-
Disney names theme parks chief Josh D'Amaro as next CEO
-
Disney names theme parks boss chief Josh D'Amaro as next CEO
-
Macron says work under way to resume contact with Putin
-
Prosecutors to request bans from office in Le Pen appeal trial
-
Tearful Gazans finally reunite after limited Rafah reopening
-
Iran president confirms talks with US after Trump's threats
-
Spanish skater allowed to use Minions music at Olympics
-
Fire 'under control' at bazaar in western Tehran
-
Howe trusts Tonali will not follow Isak lead out of Newcastle
-
Vonn to provide injury update as Milan-Cortina Olympics near
-
France summons Musk for 'voluntary interview', raids X offices
-
Stocks mostly climb as gold recovers
-
US judge to hear request for 'immediate takedown' of Epstein files
-
Russia resumes large-scale strikes on Ukraine in glacial temperatures
-
Fit-again France captain Dupont partners Jalibert against Ireland
-
French summons Musk for 'voluntary interview' as authorities raid X offices
-
IOC chief Coventry calls for focus on sport, not politics
-
McNeil's partner hits out at 'brutal' football industry after Palace move collapses
| SCS | 0.12% | 16.14 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| RYCEF | 1.65% | 16.95 | $ | |
| GSK | 1.67% | 53.36 | $ | |
| CMSC | -0.26% | 23.689 | $ | |
| VOD | 2.23% | 15.25 | $ | |
| NGG | 1.91% | 86.26 | $ | |
| AZN | -2.11% | 184.51 | $ | |
| RELX | -16.45% | 30.51 | $ | |
| BCE | 1.02% | 26.095 | $ | |
| BP | 2.91% | 38.83 | $ | |
| BTI | 1.41% | 61.86 | $ | |
| CMSD | -0.56% | 23.945 | $ | |
| RIO | 4.01% | 96.385 | $ | |
| BCC | 3.76% | 84.94 | $ | |
| JRI | -0.38% | 13.1 | $ |
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