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Scoop: Lawmakers tee up hearing with academics ahead of antitrust report

Mostly academics will be testifying at Thursday's House Judiciary antitrust subcommittee hearing, which will reveal where its year-long investigation into big tech and competition is going, a source familiar with the matter told Axios.

Why it matters: The hearing is the next step following testimony from Facebook's Mark Zuckerberg, Google's Sundar Pichai, Amazon's Jeff Bezos and Apple's Tim Cook before the committee in July. A showing of academics and think-tank types signals the lawmakers are still sorting out competition theories and possible legislative fixes to perceived antitrust abuses.


Who's testifying:

  • Michael Kades, The Washington Center for Equitable Growth
  • Christopher Yoo, Penn Law School
  • William Baer, The Brookings Institution
  • K. Sabeel Rahman, Brooklyn Law School,
  • Zephyr Teachout, Fordham Law School
  • Sally Hubbard, Open Markets Institute
  • Rachel Bovard, The Conservative Partnership Institute
  • Tad Lipsky, George Mason University

The bottom line: The lineup includes some well-known voices who advocate for new antitrust laws to rein in tech giants, along with more conservative figures, some of whom are concerned more about content moderation than antitrust or may simply be less inclined to break up big companies.

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Pelosi: "States don't have the money" for Trump's executive order on unemployment

House Speaker Nancy Pelosi told "Fox News Sunday" that states don't have the funds to comply with the executive order President Trump signed on Friday, which requires them to cover 25% of an additional $400 in weekly unemployment benefits.

Why it matters: Many state and local governments have had their budgets devastated by the economic impacts of the coronavirus, which have caused expenses to soar and revenues to plunge.

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Trump's Turkey sanctions could give Erdoğan and Biden a clean slate

President Trump’s imposition of long-awaited sanctions on Turkey this week over its purchase of a Russian S-400 missile defense system illustrates the fragile state of a critical relationship — but it may also allow President-elect Joe Biden to start fresh with Turkish President Recep Tayyip Erdoğan.

Why it matters: Erdoğan raged against the sanctions, which target Turkey’s defense procurement agency and the agency’s leaders, as a “hostile attack” from a NATO ally. Trump had resisted pressure to impose them, but Congress forced his hand.

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Biden to unveil executive actions on gun violence prevention

President Biden is expected to present a series of executive actions on guns Thursday, including directing his Justice Department to tighten regulations on purchases of so-called “ghost guns."

Why it matters: The president has faced increased pressure from Democrats and gun violence prevention groups to act on the issue following a series of recent high-profile gun tragedies across the U.S.

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CDC expects new COVID surge starting this month

Coronavirus cases across the U.S. are likely to peak this month before dropping by July, the Centers for Disease Control and Prevention said Wednesday.

The state of play: America's rate of daily new COVID cases has declined in recent weeks, per data from Johns Hopkins University. Health officials are urging people to remain vigilant as variants spread, some of which are more contagious and deadly than the original strain of the virus.

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