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A bipartisan group of lawmakers is advancing a new theory for regulating social media platforms, arguing that companies such as Meta and YouTube should be treated less like publishers and more like pharmaceutical firms whose products can cause harm to children and teenagers. The emerging approach, described in a recent...

The U.S. Department of Justice has reached a settlement with PayPal over a venture capital investment initiative that federal officials said unlawfully favored certain businesses based on race and national origin. Under the agreement, the company will establish a new small business support program and provide approximately $30 million in financial benefits through waived...

Preemption of AI laws isn’t just for Congress anymore. According to a tally by the Local Solutions Support Center (LSSC), a group that tracks abusive preemption laws, nine states have considered 12 bills aimed at limiting local governments' authority to regulate the technology. The group said those state measures fall...

ByteDance-owned TikTok made a final push on Tuesday at Europe’s highest court to overturn its designation as a “gatekeeper” under the European Union’s Digital Markets Act, in a case that could shape the bloc’s efforts to curb the influence of major technology companies, according to Reuters. The hearing before the EU...

eBay on Tuesday formally rejected a $56 billion takeover proposal from GameStop, dismissing the offer as lacking credibility and appeal amid concerns over financing and long-term strategic fit. The online marketplace operator said the proposal from the smaller videogame retailer did not present a compelling path forward, according to Reuters. In...

Italy’s competition authorities have opened an investigation into an agreement between telecommunications operators Fastweb and Telecom Italia (TIM) involving the joint development of fifth-generation mobile infrastructure and the sharing of network assets across the country. The move was announced Monday by Italy’s antitrust watchdog, which said it would examine whether...

A coalition of state attorneys general from across the country is expected to call for expanded state-level resources to combat monopolies and what they describe as illegal corporate mergers during a press conference scheduled for Monday. Nick Brown, the attorney general of Washington, is set to appear alongside Dan Rayfield of Oregon, Rob...

Online fast-fashion marketplace Shein accused rival Temu of committing copyright infringement “on an industrial scale” as a closely watched trial opened at London’s High Court on Monday. Temu, however, rejected the claims and argued that Shein is using legal action as a strategy to suppress competition in the rapidly expanding online retail market. The...