Justice Department sues Google in major antitrust case
The Justice Department sues Google in Washington alleging monopoly abuse in online search and advertising. It accuses Google of paying phone makers to default to its search, stifling competition and harming privacy and options. The suit seeks remedies including possible structural relief.
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Washington
Justice Department
Google
Microsoft
Apple
Amazon
Facebook
Federal Trade Commission
U.S
Jeff Rosen
Washington, D.C
Older workers face higher unemployment for first time since 1973
A New School study shows workers aged 55 and older lost jobs sooner and recovered more slowly than those 35 to 54 during the pandemic. Since April, older workers’ unemployment averaged 9.7 percent versus 8.6 percent for midcareer workers, with gaps worse for Black, female, or noncollege individuals.
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New School University
New York City
AARP
Susan Weinstock
Washington battles over a sweeping COVID relief package
Negotiations in Washington moved modestly forward as Senate leaders warned against a rushed, Pelosi backed $2 trillion relief deal. Mnuchin and Pelosi reported productive talks while lawmakers warned time to pass before Election Day is nearly gone. Stock indices rose on earnings, with mixed overseas markets and Treasury yields stable. GM plans $2 billion to convert Spring Hill Tennessee plant for future electric vehicles and $153 million to upgrade five Michigan factories as it rolls out the Lyriq and other EVs.
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Mitch McConnell
Donald Trump
White House
McConnell
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Pelosi
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Steven Mnuchin
Kentucky
Mnuchin
Trump
Wall Street
U.S
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Travelers
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General Motors
Spring Hill
Tennessee
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Michigan
Gerald Johnson
Global Manufacturing
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