
House Judiciary advances sweeping legislation to rein in and break up Big Tech
CNN
A powerful House panel on Thursday approved a sweeping set of proposals aimed at weakening Big Tech. It passed a series of measures imposing new obligations on top digital platforms, prohibiting them from abusing any gatekeeper power, and in some cases opening the door to new fines and breakups.
In a marathon two-day session stretching across nearly 29 hours, lawmakers on the Judiciary Committee sent six bills to the House floor that would represent the most significant change to US antitrust law in decades. The toughest bills outlaw what committee members have alleged are the most blatantly anti-competitive tactics practiced by Big Tech.
An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











