The head of the Federal Communications Commission said the government needed to protect open access to the “essential infrastructure of modern life.”
Category: Regulation and Deregulation of Industry
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Top Apple Executive Defends Favoring Google on iPhones
Eddy Cue, a longtime executive at the company, said Apple’s multibillion-dollar deals with Google were driven by quality, not money.
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For Amazon’s Andy Jassy, a Cleanup Job Just Got a Lot Bigger
The F.T.C. accused the internet giant of protecting an online retail monopoly and forcing higher prices onto consumers.
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U.S. Accuses Amazon of Illegally Protecting Monopoly in Online Retail
The Federal Trade Commission and 17 states filed a lawsuit against Amazon for “illegal conduct” in its online store and services to merchants, which stifled competition.
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Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks
A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.
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Burner Laptops and Smaller Profits: Firms Portray Their China Challenges
Business groups chronicle the difficult environment inside China for U.S. and European companies navigating confusing regulations and an intensified security focus.
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China’s Import Curbs on Cosmetics Face Pushback in Europe
Cosmetics sales in China are soaring, but a group of exporting nations led by France are pushing Beijing to lift restrictions they say are blocking them unfairly.
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Why It Took So Long for the FDA to Tackle a Cold Medicine
Pharmacists affiliated with the University of Florida have spent decades nudging the agency to pull a decongestant from over-the-counter medicines.
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Common Patenting Tactic by Drug Companies May Be Illegal, F.T.C. Says
Experts say the exploitation of a loophole in the patent system has contributed to high prices for inhalers.
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People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
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Meet the Man Making Big Banks Tremble
Michael Barr, whom President Biden appointed as the Federal Reserve’s top bank cop, has drawn blowback for his bank regulation push.
