Potential government shutdown, lawsuit against Amazon for price inflation, President Biden joins strikers, JP Morgan settles claim related to Jeffrey Epstein, Hunter Biden's lawsuit against Giuliani and Costello, Governor Newsom signs bill, Taylor Swift dating rumors.
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Quick takeaways
Lawmakers are working to avoid a government shutdown, but the necessary support remains uncertain.
The FTC and state attorneys general have filed a significant lawsuit against Amazon for hindering competition.
Deep dives
Government Shutdown Looms as Congress Struggles to Reach Agreement
Lawmakers in Congress are working to avoid a potential government shutdown by voting on a package of bills to fund parts of the government. However, it remains uncertain if House Speaker Kevin McCarthy has the necessary support to pass the package. Some House Republicans are urging for a more long-term solution instead of a stopgap measure. In the Senate, a bipartisan stopgap resolution is being drafted, but disagreements over clauses related to funding for Ukraine have caused delays. President Biden has blamed Republicans for the hold-up, while former President Trump has called for House Republicans to let the government shut down.
Amazon Faces Lawsuit Over Alleged Unfair Pricing Practices
The Federal Trade Commission (FTC), along with 17 state attorneys general, has filed a lawsuit against Amazon. The suit accuses the global marketplace of inflating prices on other platforms and overcharging sellers, hindering competition. The FTC is seeking a permanent injunction to prevent Amazon from engaging in such conduct and to allow other companies to compete freely. Legal experts speculate on the difficulty of proving the presence of alternatives with Amazon's dominant market position. It is considered one of the most significant legal challenges for the company.