Dec 5, 2017

Antitrust goes global in major ad markets

Facebook's General Counsel Colin Stretch, left, speaks during a Senate Intelligence Committee hearing on Russian election activity and technology. Photo: Jacquelyn Martin / AP

Australia is the latest major ad market to launch an antitrust probe into the dominance that is big U.S. tech. Its competition regulator said Monday that it would investigate whether Facebook and Google "have disrupted the news media market to the detriment of publishers and consumers," per Reuters.

Why it matters: All of the most sophisticated ad markets in the world are very publicly tackling tech antitrust, except for the U.S., which has seen a significant portion of its ad revenue and e-commerce move to Google, Facebook and Amazon. This follows Japan and the E.U. in efforts this year to curb the dominance of the likes of Google, Amazon and Facebook.

Go deeper: Professor and author Scott Galloway, one of the biggest thought-leaders on the business of big U.S. tech companies, gave a scathing presentation at Business Insider's Ignition conference last week on why "The Big Four" — Amazon, Apple, Facebook, and Google — should be broken up. "Our democracies are breaking down because these companies have gotten too powerful," Galloway says.

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Trump touts press briefing "ratings" as U.S. coronavirus case surge

Photo: Drew Angerer/Getty Images.

President Trump sent about a half-dozen tweets on Sunday touting the high television ratings that his coronavirus press briefings have received, selectively citing a New York Times article that compared them to "The Bachelor" and "Monday Night Football."

Why it matters: The president has been holding daily press briefings in the weeks since the coronavirus pandemic was declared, but news outlets have struggled with how to cover them live — as Trump has repeatedly been found to spread misinformation and contradict public health officials.

World coronavirus updates: Total cases surge to over 700,000

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

There are now than more than 700,000 confirmed cases of the coronavirus around the world, according to data from Johns Hopkins. The virus has now killed more than 32,000 people — with Italy alone reporting over 10,000 deaths.

The big picture: Governments around the world have stepped up public health and economic measures to stop the spread of the virus and soften the financial impact. In the U.S., now the site of the largest outbreak in the world, President Trump said Saturday he would issue a "strong" travel advisory for New York, New Jersey and parts of Connecticut.

Go deeperArrowUpdated 45 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 704,095 — Total deaths: 33,509 — Total recoveries: 148,824.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 2 p.m. ET: 132,637 — Total deaths: 2,351 — Total recoveries: 2,612.
  3. Federal government latest: The first federal prisoner to die from coronavirus was reported from a correctional facility in Louisiana on Sunday.
  4. Public health updates: Fauci says 100,000 to 200,000 Americans could die from virus.
  5. State updates: Louisiana governor says state is on track to exceed ventilator capacity by end of this week — Cuomo says Trump's mandatory quarantine comments "really panicked" people
  6. World updates: Italy on Sunday reported 756 new deaths, bringing its total 10,779. Spain reported almost 840 dead, another new daily record that bring its total to over 6,500.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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