Tag: dominance

Justice Department case against Google is said to focus on search dominance

WASHINGTON — The Department of Justice’s (DOJ) impending lawsuit against Google has narrowed to focus on the company’s power over internet search, a decision that could set off a cascade of separate lawsuits from states in ensuing weeks over the Silicon Valley giant’s dominance in other business segments.

In presentations to state attorneys general starting on Wednesday, the DOJ is expected to outline its legal case centered on how Google uses its dominant search engine to harm rivals and consumers, said four people with knowledge of the plan, who spoke on the condition of anonymity because the details were confidential. Meeting with the state attorneys general is one of the final steps before the DOJ files its suit against the company, they said.

The DOJ’s action against Google is set to be narrower than what had been envisioned by some states and several career lawyers in the department. The DOJ

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DOJ’s Google antitrust case focused on search dominance: report

  • The Department of Justice is narrowing the focus of its antitrust case against Google to the company’s dominance of internet searches, The New York Times reported Tuesday. 
  • The decision to focus only on search reflected political disagreements, with some attorney generals now considering additional lawsuits focused on anticompetitive behavior by Google, according to the report.
  • Attorney General William Barr has pushed to sue Google before the election, overruling DOJ attorneys who said they needed more time to build their case, The New York Times previously reported.
  • Tensions around the DOJ’s case come as Trump reportedly prepares to urge Republican attorneys general to investigate his allegations that social media companies are biased against conservatives.
  • Visit Business Insider’s homepage for more stories.

The US Department of Justice is dialing back the antitrust lawsuit it’s preparing to file against Google, and will focus primarily on anticompetitive behavior related to internet searches, the The

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Justice Dept. Case Against Google Is Said to Focus on Search Dominance

WASHINGTON — The Department of Justice’s impending lawsuit against Google has narrowed to focus on the company’s power over internet search, a decision that could set off a cascade of separate lawsuits from states in ensuing weeks over the Silicon Valley giant’s dominance in other business segments.

In presentations to state attorneys general starting on Wednesday, the department is expected to outline its legal case centered on how Google uses its dominant search engine to harm rivals and consumers, said four people with knowledge of the plan, who spoke on the condition of anonymity because the details were confidential. Meeting with the state attorneys general is one of the final steps before the department files its suit against the company, they said.

The Justice Department’s action against Google is set to be narrower than what some states and several career lawyers in the department had envisioned. The department also investigated

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Nvidia to buy UK’s Arm, sparking fears of chip dominance

Updated

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A COVID-19 vaccine will mark a ‘big top’ for the stock market and end tech dominance, BofA says



a man wearing glasses and looking at the camera: Drew Angerer/Getty Images


© Drew Angerer/Getty Images
Drew Angerer/Getty Images

  • A COVID-19 vaccine would mark the top in stocks and set the stage for a rotation from growth stocks into value stocks, Bank of America said on Friday.
  • Technology stocks remain overbought even after Thursday’s steep sell-off, and a composite index of five mega-cap tech names are trading 41% above its 200-day moving average, according to BofA.
  • The massive gap between the composite index price and its 200-day moving average signals that any sustained correction in tech stocks could be extremely sharp.
  • A sell-off in tech stocks also reflects investor “impatience” with the delayed passing of another stimulus bill from Washington, D.C.
  • Visit Business Insider’s homepage for more stories.

While the economy is eager for a COVID-19 vaccine to be developed to enable a full reopening, investors in the stock market may have different feelings.

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In a note published on Friday,

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