Ex-FTC chair unpacks Amazon antitrust case
The Federal Trade Commission and 17 states sued Amazon on Tuesday claiming it operates an illegal monopoly. William Kovacic, former head of the FTC from 2008 to 2009, joins CBS News to analyze the lawsuit.
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The Federal Trade Commission and 17 states sued Amazon on Tuesday claiming it operates an illegal monopoly. William Kovacic, former head of the FTC from 2008 to 2009, joins CBS News to analyze the lawsuit.
Amazon is facing antitrust claims from the Federal Trade Commission and states including New York and Pennsylvania, alleging the retailer is a monopoly.
Tech and retail giant Amazon is facing a lawsuit from the Federal Trade Commission and 17 state attorneys general, who claim the company operates as an illegal monopoly. The lawsuit alleges Amazon stifles competition by charging sellers high fees, which in turn also raises prices for consumers. Jo Ling Kent has the details.
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Lina Khan is the youngest chair of the Federal Trade Commission ever. CBS News' John Dickerson spoke with Khan about the FTC's role in protecting consumers, fighting monopolies and the strong reaction her efforts have sparked from judges, Republicans and businesses.
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The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
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The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
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Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time.
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
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President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
The proposed sale is subject to congressional review.
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President Trump announced he struck a deal to give the U.S. "permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns."
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
The proposed sale is subject to congressional review.
President Trump said he struck a deal to give the U.S. "permanent control over security" in Greenland following a push by the president to boost U.S. influence over the island — or take it over.
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
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"Rolling Stone" dubbed Texas-born singer-songwriter Bella Kay an artist you need to know. Her songs about alienation, heartache and survival have broken through to a massive audience, with hit song "The Sick" streaming over 220 million times. Her debut album, "My Reckless Abandon," is out now. Here's Bella Kay with "The Sick."
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Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time. Watch more of the interview on 60 Minutes on Sunday.
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Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
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