This chapter explores the critical relationship between market concentration, competition, and inflation, revealing how a lack of competition exacerbates rising prices across various sectors. It discusses the implications of corporate dominance for innovation and consumer rights, particularly in industries like healthcare and technology. The conversation also highlights the challenges faced by regulatory bodies in addressing these systemic issues while advocating for balanced opportunities for smaller firms.
Kara and Scott discuss the global stock market sell-off, and why people shouldn't panic. Then, Berkshire Hathaway unloads nearly half of its stake in Apple as the company's cash stockpile increases, and what's behind the reported growing tensions between Warren Buffett and Bill Gates. Plus, Donald Trump ditches the previously scheduled ABC debate, and insists on Fox News or nothing. Our Friend of Pivot is Jonathan Kanter, the Assistant Attorney General for the Justice Department's Antitrust Division. Jonathan gives his immediate reaction to the landmark Google antitrust ruling, and explains the repercussions for tech and beyond.
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