Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

European Comissioner Margrethe Vestager and Axios Executive Editor Mike Allen. Photo: Chuck Kennedy for Axios

In rare back-to-back appearances by two of the world's most powerful regulators, Axios' Mike Allen broke down what the future of global competition will look like when 5G and related transformative innovations become a reality.

Why it mattered: European Commissioner of Competition Margrethe Vestager and Assistant Attorney General Makan Delrahim, who leads the Justice Department's Antitrust Division, gave their views on the global competition laws needed to ensure innovations and businesses can thrive.

European Commissioner of Competition Margrethe Vestager
European Commissioner Margrethe Vestager. Photo: Chuck Kennedy

Commissioner Vestager spoke to Mike about her views on competition, 5G and what she sees as the future of innovation.

The big picture: During her tenure as European Commissioner of Competition, Vestager hasn't shied away from regulating big tech companies — often intervening when Washington would not.

  • Making sure laws keep pace. "Things are changing at a fast speed and we’re always trying to make sure our technology is serving society, which is why we have competition laws."
  • How big companies get in trouble. "It's not the dominance we question, but it's the way they use their dominance."
  • The future of innovation. "We will do our best to make sure our consumers have a choice."
  • Competition in a 5G world. "We shouldn't accept in the digital world what we don't accept in the real world."
  • The accessibility of 5G. "I think that it’s a little bit too early to worry. We want a competitive marketplace in Europe because competition also drives investment and we need a lot of investment for 5G to be something that everyone can enjoy."
Assistant Attorney General Makan Delrahim
Assistant Attorney General Makan Delrahim and Axios Executive Editor Mike Allen. Photo: Chuck Kennedy for Axios

The DOJ Antitrust Chief discussed the U.S.'s view on competition when it comes to data, 5G and Big Tech.

  • How data affects competition. "Data has become a huge asset today. Amassing data in and of itself isn’t a violation of antitrust laws, but data assets could be a part of review when two companies want to merge.
  • The next G. "There seems to be incredible benefits that 5G can provide"
  • Big tech companies. "Big isn't bad. Big behaving badly is bad. We're trying to figure out what the contours are of that."

Go deeper:

Thank you Intel for sponsoring this event.

Go deeper

Updated 12 mins ago - Politics & Policy

Inauguration Day dashboard

Biden delivers his inaugural address on the West Front of the Capitol. Photo by Tasos Katopodis/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: The Celebrate America event, with remarks by Biden and Harris.

Bryan Walsh, author of Future
37 mins ago - Politics & Policy

President Biden faces a deeply broken America

Illustration: Aïda Amer/Axios

As President Biden begins his term in office today, he'll be tasked with leading a country beset with deep, long-term problems.

Why it matters: Though the pandemic has made them worse, existential challenges around inequality, social alienation and political division in the U.S. were in place well before SARS-CoV-2 arrived on American shores. The country's future will depend in large part on whether the choices made over the next four years can flatten the curve of American decline.

Facebook, Instagram transfer accounts, followers to Biden administration

Screenshot of official White House Facebook account.

Facebook on Wednesday confirmed that it is transferring the millions of followers of the official Facebook and Instagram White House accounts to the Biden administration.

Details: The accounts for "@POTUS," "@VicePresident" ("@VP" on Instagram) and "@FLOTUS" are having the followers from their personal Pages and accounts be transferred over. It's unclear when that transition process will be complete.