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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Corning Inc. has proposed commitments to resolve an EU antitrust investigation regarding its exclusive agreements for "Gorilla Glass" used in smartphone screens. The European Commission is currently seeking feedback on these commitments, which aim to address concerns about reduced competition, higher prices, and limited innovation affecting consumers globally.
Private companies are increasingly vulnerable to geopolitical threats, as evidenced by recent incidents involving the sabotage of undersea cables in the Baltic Sea, allegedly linked to Chinese vessels. With 72% of multinationals reporting political-risk losses, businesses must enhance their threat monitoring to navigate this perilous landscape. The rise of such targeted attacks underscores the need for companies, especially those in sensitive sectors, to recognize their new role as potential targets in a complex geopolitical environment.
The Supreme Court is set to hear a case challenging the Federal Communications Commission's authority to mandate subsidies for telecommunications in underserved areas, potentially limiting federal agency power. The dispute arises from conflicting lower court rulings and questions whether Congress overstepped its bounds by granting the FCC such authority. A ruling against the FCC could impact various federal regulations, reflecting a broader conservative push against the administrative state.
The US Supreme Court will review the constitutionality of the $8 billion annual subsidies provided by the Universal Service Fund, which assists over 8 million low-income and rural residents with telecom services. This fund, supported by a charge on phone bills, also benefits schools and libraries through the E-rate program.
Senator Elizabeth Warren and Congressman Jerry Nadler have urged the DOJ and NTIA to investigate VeriSign for alleged predatory pricing of .com domains, claiming the company exploits its monopoly to overcharge customers without improving services. They argue that recent agreements with NTIA and ICANN may indicate collusion, potentially violating antitrust laws. Warren and Nadler are pressing for fair pricing regulations to protect consumers in the upcoming agreement review.
Apple and Google are facing a formal investigation by the UK's antitrust regulator over their dominance in mobile web browsers. The Competition and Markets Authority highlighted issues in the mobile browser market that negatively impact businesses and millions of users, recommending a deeper inquiry under new digital competition rules set to take effect next year.
Rajeev Chandrashekhar emphasizes the need for Big Tech to compensate traditional media for content, highlighting the imbalance in the relationship between major platforms and content creators. He points out that while these platforms benefit from publicly available content, original creators often see little return, especially as AI models are trained on this material. The discussion around regulation and fair compensation is becoming increasingly urgent in India.
British regulators are set to announce competition remedies for the cloud industry, addressing anti-competitive practices by major players like Microsoft and Amazon. The Competition and Markets Authority (CMA) is expected to propose behavioral remedies, including restrictions on egress fees and licensing practices, following a probe initiated by Ofcom in 2022. A decision could be revealed within two weeks, with potential implications for Microsoft's pricing strategies for its Office apps across different cloud platforms.
The U.S. Department of Justice is pushing for significant changes to dismantle Google's search monopoly, including ending its lucrative partnership with Apple and divesting Chrome. Critics argue that true competition will only arise through innovation, not government intervention, while some believe that transferring Chrome to a neutral entity could enhance user choice. The outcome of the ongoing antitrust case remains uncertain, with potential implications for Google's market dominance.
Australia's centre-left government has introduced a bill in parliament to ban social media access for children under 16. The legislation includes provisions for fines of up to A$49.5 million ($32 million) for social media platforms that fail to comply with these regulations.
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corning proposes commitments to resolve eu antitrust investigation on gorilla glass
11:45 25.11.2024
geopolitical threats escalate for private companies in global waterways
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04:03 25.11.2024
upreme court to review federal agency power in telecommunications subsidy case
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21:32 22.11.2024
upreme court to review constitutionality of 8 billion phone subsidy program
21:03 22.11.2024
lawmakers urge investigation into verisign's pricing practices for com domains
19:00 22.11.2024
uk regulator to investigate apple and google over mobile browser dominance
12:57 22.11.2024
big tech must compensate indian media for content and innovation balance
12:33 21.11.2024
uk regulators to propose remedies for cloud industry competition issues
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08:00 21.11.2024
government pushes for changes to dismantle google's search monopoly
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05:18 21.11.2024
Australia proposes social media ban for children under 16 with hefty fines
04:08 21.11.2024
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