Tag Archives: Lawmakers

A North Dakota bill that an Apple executive had warned “threatens to destroy iPhone as you know it” died in a vote on Tuesday. Three-quarters of North Dakota’s 48 state senators voted against the bill, which sought to prohibit Apple and Google from forcing North Dakota companies to hand over a share of their app sales. The bill targeted Apple’s and Google’s practices of charging a commission of up to 30 percent on many app sales. The companies brought in a combined $33 billion from… Source link

Topline Google is close to inking commercial deals with several major Australian media outlets including ABC, Nine Entertainment, and Guardian Australia, following the announcement of a deal with Seven West Media on Monday, as the company attempts to back down from threats to shut down its search engine in the country over legislation that would force Google and Facebook to pay domestic media companies for news. Google is set to ink deals with several major Australian… Source link

Over the past few years, Google owner Alphabet’s stock had lagged compared to the stellar rise of big techs like the other FAANG members and Microsoft. That’s finally starting to change. But investors might be overlooking one major problem: potential regulatory risk. Alphabet is trading near an all-time high, thanks to strong digital advertising and booming demand for its Google Cloud services. The stock has outperformed most of the other big techs during the past six months,… Source link

BOISE, Idaho — A group of conservative Idaho lawmakers is asking managers of the state’s employee retirement system to divest in tech companies they say don’t value free speech.  The 22 Republican lawmakers and Republican Lt. Gov. Janice McGeachin in a letter sent Monday say that $650,000 should be removed from Twitter, Amazon, Google, Apple and Facebook. Those companies have either banned former… Source link

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo. BRUSSELS (Reuters) – EU lawmakers have invited the chief executives of Amazon, Apple, Facebook and Alphabet to a Feb. 1 hearing in Brussels as they try to crack down on the powers of U.S. tech giants. The European Parliament will in the coming months provide input into proposals by the European Commission to force the companies to play fairly with rivals and to do more to tackle online fake news and harmful… Source link

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo. BRUSSELS (Reuters) – EU lawmakers have invited the chief executives of Amazon, Apple, Facebook and Alphabet to a Feb. 1 hearing in Brussels as they try to crack down on the powers of U.S. tech giants. The European Parliament will in the coming months provide input into proposals by the European Commission to force the companies to play fairly with rivals and to do more to tackle online fake news and harmful… Source link

TipRanks The 5G Revolution Could Send These 3 Stocks Higher 5G is here. The new networks are online and expanding, and customers – individual consumers, institutional users, and industrial applications – are starting to take advantage of the new technology. The advantages of 5G are already well-known: faster connections, more efficient upload and download capability, lower latency, greater security. 5G tech is essential for developing the full potential of autonomous vehicles and IoT… Source link

Stock futures rose Wednesday morning, pointing to another session of gains as investors considered lawmakers’ final efforts to get a stimulus package through before year-end, and awaited the Federal Open Market Committee’s December monetary policy decision. Contracts on all three major indices headed toward a higher open, but came off overnight session highs after a much weaker-than-expected print on November retail sales, which showed a sharper drop in consumer spending than anticipated… Source link

TipRanks 3 U.S. Cannabis Stocks Gearing up for Growth; Cantor Says ‘Buy’ At the end of 2018, Canada fully legalized cannabis, nationwide, for both medical and recreational use. With the incoming Biden Administration, the US is expected to follow suit with Federal-level legalization, or at least formal decriminalization, sometime in the next four years. An exact timetable is impossible to predict; much will depend on the partisan makeup of Congress after the Georgia Senate runoff vote in… Source link

Google is planning an aggressive campaign targeted against French commissioner Thierry Breton and other regulators in Brussels over their plans to introduce new laws to curb the power of big tech, according to a leaked internal document. The report, written in response to the EU’s plan to introduce a sweeping new Digital Services Act, laid out a two-month strategy intended to remove “unreasonable constraints” to Google’s business model and “reset the political… Source link