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Photo: Damien Meyer / AFP / Getty Images

On the cover of today's Wall Street Journal, Greg Ip — one of the world's best economics writers — takes on the transcendent question, "The Antitrust Case Against Facebook, Google and Amazon ... A few technology giants dominate their worlds just as Standard Oil and AT&T once did. Should they be broken up?"

Why it matters: "By that standard, there isn’t a clear case for going after big tech — at least for now. They are driving down prices and rolling out new and often improved products and services every week."

  • The key point: "[A]ntitrust regulators have a narrow test: Does their size leave consumers worse off?"
  • But, but, but: "That may not be true in the future: If market dominance means fewer competitors and less innovation, consumers will be worse off."
  • Ip's last sentence: "Throughout history, entrepreneurs have often needed the government’s help to dislodge a monopolist — and may one day need it again."

Go deeper

8 hours ago - Health

Food banks feel the strain without holiday volunteers

People wait in line at Food Bank Community Kitchen on Nov. 25 in New York City. Photo: Michael Loccisano/Getty Images for Food Bank For New York City

America's food banks are sounding the alarm during this unprecedented holiday season.

The big picture: Soup kitchens and charities, usually brimming with holiday volunteers, are getting far less help.

10 hours ago - Health

AstraZeneca CEO: "We need to do an additional study" on COVID vaccine

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

AstraZeneca CEO Pascal Soriot said on Thursday the company is likely to start a new global trial to measure how effective its coronavirus vaccine is, Bloomberg reports.

Why it matters: Following Phase 3 trials, Oxford and AstraZeneca said their vaccine was 90% effective in people who got a half dose followed by a full dose, and 62% effective in people who got two full doses.

Updated 12 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus cases rose 10% in the week before Thanksgiving.
  2. Politics: Supreme Court backs religious groups on New York coronavirus restrictions.
  3. World: Expert says COVID vaccine likely won't be available in Africa until Q2 of 2021 — Europeans extend lockdowns.
  4. Economy: The winners and losers of the COVID holiday season.
  5. Education: National standardized tests delayed until 2022.