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WASHINGTON, D.C. – The Federal Trade Commission (FTC) and a coalition of 48 attorneys general have filed lawsuits against Facebook, accusing the company of illegally stifling its competition to protect its “monopoly power.”The lawsuits allege that Facebook illegally acquired competitors in a predatory manner and cut services to smaller threats, depriving users from the benefits of competition and reducing privacy protections along the way. They claim Facebook took these actions to boost its bottom line through increased advertising revenue.The FTC says it's seeking a permanent injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp. It could also prohibit Facebook from imposing anticompetitive conditions on software developers and require the company to seek prior notice and approval for future mergers and acquisitions.New York Attorney General Letitia James is leading the bipartisan coalition, which includes attorneys general from 46 states, Washington D.C. and Guam. Their goal is to “stop Facebook’s anticompetitive conduct,” according James.“Today, we are taking action to stand up for the millions of consumers and many small businesses that have been harmed by Facebook’s illegal behavior,” said James in a statement. “Instead of competing on the merits, Facebook used its power to suppress competition so it could take advantage of users and make billions by converting personal data into a cash cow.”The coalition's lawsuit claims Facebook employs a variety of methods to impede competing services and “build a competitive moat” around the company. The plaintiffs claim the two most utilized strategies have been to acquire smaller rivals and potential rivals before they can threaten Facebook’s dominance, as well as suffocating and squashing third-party developers that Facebook invited to utilize its platform.The attorneys general use Facebook’s purchases of Instagram and WhatsApp as examples. They claim Facebook saw Instagram as a direct threat quickly after the company launched, so they acquired it for billion in 2012. The company then bought WhatsApp for billion in 2014.The coalition of AGs is asking the U.S. District Court for the District of Columbia to halt Facebook’s “illegal, anticompetitive conduct” and block the company from continuing this behavior in the future.Additionally, the collation is asking the court to restrain Facebook from making further acquisitions valued at million or more without advance notice to the states.Finally, they’re asking the court to provide any additional relief it determines is appropriate, including the divestiture or restructuring of illegally acquired companies, or current Facebook assets or business lines.Responding to the lawsuits, Facebook released this statement on Twitter: 2831

WASHINGTON, D.C. – Since the start of his presidency, President Donald Trump and his administration have talked about getting manufacturing companies to come back to the United States, a process known as reshoring.Now, with unemployment at a historic high, another 1.5 million people filing jobless claims last week and still 19.5 million continued claims or people unemployed, the idea of reshoring is being revisited by Congress.Some on Capitol Hill are proposing reshoring incentives for companies in the next stimulus package.“There are a lot of potential ways that the administration and Congress could come up with tax subsidies and tax breaks for companies that produces here,” said Ed Yardeni, an economist and the president of Yardeni Research.While believes there could be some jobs created by companies reshoring in the U.S., it’s hard to say how many. That’s partly because, many companies that would consider reshoring would also consider using artificial intelligence at their production plants.“Clearly bringing back jobs would be great, but I don’t think we go back to the 70s and 80s, where we had a lot more people employed,” Yardeni added. “I would think that if you are reshoring and bring production back to the U.S., you are going to use state of the art technology to do that, so I’m not sure it is going to be a huge win-win in terms of jobs.”Experts, including Yardeni, believe companies that would most likely consider reshoring would be those in the pharmaceutical and technology sector. Their reason for the move is likely less for job creation and more because of national security concerns.Either way, the way to get more jobs out of reshoring may be by doing more than just incentivizing companies to come back to the U.S.“Maybe what we need is to combine reshoring with really focusing on reeducating a lot of the labor force so that they can manage the robots, build the robots, program the robots, as opposed to doing the job the robots are doing,” said Yardeni. 2004

WASHINGTON, D.C. – A new Gallup poll found Americans are increasingly willing to be immunized against the novel coronavirus.With two COVID-19 vaccines now in the final stages of approval in the United States, 63% of Americans told Gallup they are willing to be vaccinated.The latest findings come from a survey conducted in the last two weeks of November, which was around the time Pfizer announced their vaccine had proved to be better than 90% effective in its Phase III clinical trials.Since then, Moderna has made a similar announcement and both are seeking emergency use authorization from the FDA for their vaccines. If approved, some Americans could begin to receive vaccines before the end of the year.At 63%, the public’s willingness to be vaccinated has nearly rebounded to the previous high of 66% in July. It hit a low point of 50% in September.Gallup says reports of adverse reactions and statements from politicians may have contributed to the change in American views on vaccines.Specifically, Gallup points to President Donald Trump saying in early September that a vaccine could be available before Election Day, raising questions about pressure being put on the FDA to expedite approval.They also point to Vice President-elect Kamala Harris, who said she wouldn’t get a vaccine on Trump’s advice alone and expressed concern about the potential for political interference in the vaccine approval process.“The public's willingness to receive a vaccine in September suggests that public confidence in a vaccine can be significantly influenced by events or political messaging that cast doubt on vaccines' safety,” said Gallup. 1649

We are United in our effort to defeat the Invisible China Virus, and many people say that it is Patriotic to wear a face mask when you can’t socially distance. There is nobody more Patriotic than me, your favorite President! pic.twitter.com/iQOd1whktN— Donald J. Trump (@realDonaldTrump) July 20, 2020 309

WEST HOMESTEAD, Pa (AP) — After five months of being closed due to the coronavirus, the major movie theaters chains in the U.S. are starting to reopen. AP Film Writer Lindsey Bahr visited the AMC Waterfront 22 in West Homestead, Pennsylvania, just outside of Pittsburgh, on its opening day Thursday. It is one of 113 AMC locations to open nationwide, touting retro movies and retro pricing and strict sanitary policies to entice audiences back to theaters. Many were eager to get back to the theaters, although for most the 15 cent tickets were the main draw. After opening day, back catalog films will cost a ticket. 628