The ex-ante regulations proposed in the draft Digital Competition Bill to pre-empt certain practices is a significant departure from the current system and will come with trade-offs that have an impact on user experience and innovation like the European Union’s Digital Markets Act (DMA) had with its rigid rules, executives at a Big Tech company told ET.No matter how carefully crafted an ex-ante regime is, it will still have these negative impacts, they said, even as the government extended the...
Price fixing removes competition from the market and generally makes goods and services more expensive.
Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies. Growth in earnings per share (EPS) of the “Big 6 TECH+” stocks—Apple, Amazon.com, Alphabet, Meta, Microsoft, and Nvidia—was projected to decline to 15.5% by the first quarter of 2025, from 42.2% estimated for the same period this year, strategists led by Jonathan Golub said. “Our...
To Sen. Sherrod Brown (D-OH), Big Pharma is jacking up prices for life-saving drugs to enrich its corporate executives. Now, as the Ohio Democrat seeks a fourth term in 2024, he is one of the top recipients of donations among senators from the pharmaceutical industry — including companies being accused in court of inflating the […]
Big tech share prices were dented by a sector-wide sell-off of risky assets last week, ahead of earnings results for some of the 'Magnificent Seven'.
Items bought in shops are becoming more expensive at the slowest pace in more than two years, according to latest industry figures which show that some prices are actually falling. It means that goods, such as clothes and food, are becoming more costly but far less than before, according to the shop price index from the trade organisation for UK retailers, the British Retail Consortium (BRC), and retail behaviour researchers NielsenIQ. Why have some prices fallen? The shop price index for April...
Apple was hit with a $2 billion fine in the European Union last month for “abusive” App Store rules for music streaming services. In addition to the fine, the European Commission also said Apple must relax its anti-steering rules. As reported by TechCrunch, Spotify has submitted a new update to its app that includes pricing information for users in the EU. Spotify also says that it is not planning to opt into Apple’s new business terms in the European Union offered in response to the Digital...
If you're looking for a new way to explore your local trails and open spaces-- Jamey Tucker has you covered.
Experts say tech outages do seem to be happening more often.
Bluey has become the best kids show for children and parents, and whether you have kids or not, you've probably heard of it by now.
By Rabbi Yair Hoffman There is a big name pharmacy out there whose prices are insane. That is, insanely high. They are out there truly Conning valuable shoppers. There ought to be an investigation. Their advertising motto is, all about “RX savings” – but these are the people that this company victimizes with predatory pricing. […]
Lyft partnered with tech companies to offer needed services to refugees.