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!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of 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!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of 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!

Want a daily digest of the top Charlotte news?

Get a daily digest of 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!

Illustration: Eniola Odetunde/Axios

After grilling the CEOs of Amazon, Facebook, Google and Apple last week, members of Congress are grappling with whether to accuse any of the firms of illegal anticompetitive behavior, to propose updating federal antitrust laws — or both.

The big picture: Congress is just one arm of government making the case against these companies. Google is expected to be the first of the firms to face possible antitrust litigation from the Justice Department before summer's end, but all four face a full-court press of investigations by DOJ, the Federal Trade Commission and state attorneys general.

What's next: Following on from last week's hearing, the House Judiciary antitrust subcommittee is preparing a report of its probe's findings, drawn from some 1.3 million documents and hours of calls and interviews. Chair Rep. David Cicilline told Axios Re:Cap he hopes to issue the report and recommendations by late August or September.

The report may detail behaviors that investigators conclude harmed competition, as outlined in the hearing:

  • Facebook undertook its 2012 acquisition of Instagram in part because executives viewed it as a competitive threat, per internal communications uncovered in the probe.
  • Lawmakers also highlighted Amazon's use of third-party sales data to develop its own products.

The lawmakers face two options:

  • They can argue that tech giants have violated antitrust law and lay out a legal case for breaking them up. That's tough, as the case that the companies have monopolies remains fuzzy and none of them has driven up prices for consumers — two bars that successful antitrust cases are expected to pass.
  • They can make recommendations to update antitrust laws for the digital economy. That will require coming up with metrics of harm other than pricing effects, since so many digital products are free, and it will also call for definitions of markets that address the kind of power Amazon holds over third-party sellers or Apple holds over App Store developers.

Antitrust panel members suggest they'll ultimately produce some combination of the two.

  • "Some of the things we uncovered, like Facebook clearly admitting to buying a competitor for market share, I believe is breaking the law under current antitrust regulation," Rep. Pramila Jayapal (D-Wash.) told Axios. Other areas, such as Google's dominance in the ad tech space, may need newer laws to address, she said.
  • Rep. Ken Buck (R-Colo.) told Axios, "We've got to sit down and talk about what changes in the law would solve some of the issues we have identified. I feel strongly that there is a need for regulation in the digital arena."

What we're hearing: Groups that advocate tough measures against tech companies want to see detailed legislative recommendations.

  • The Economic Liberties Project, for instance, wants new antitrust laws to set "bright-line" caps on how much market share any one tech firm can hold, executive director Sarah Miller told Axios.
  • The group also wants to see Congress require regulators to claw apart Amazon's e-commerce platform from its storage and shipping business, per a letter to the House Judiciary committee Thursday also signed by several other groups including the Open Markets Institute, Demand Progress and The Institute for Local Self-Reliance.

But, but, but: The fate of any proposals to emerge from the House investigation almost certainly lies with voters in November. New antitrust legislation — a long shot at any time — is unlikely to progress unless Democrats win both the White House and the Senate.

Go deeper

Scoop: Justice Department OKs Uber-Postmates deal

Illustration: Sarah Grillo/Axios

The Justice Department has cleared Uber’s acquisition of food delivery company Postmates, a source familiar with the deal told Axios Monday.

Why it matters: The DOJ was scrutinizing the $2.65 billion all-stock deal over antitrust concerns as the food delivery sector undergoes consolidation.

Updated 3 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: How data and the pandemic have democratized the "high-performance lifestyle — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: Pfizer begins study on 3rd vaccine dose as booster shot against new strains — Republicans are least likely to want the coronavirus vaccine
  3. U.S. news: California surpasses 50,000 deaths COVID-19 deaths, more than any other state — Jimmy and Rosalynn Carter return to church after receiving COVID-19 vaccines
  4. Local: Public transit ridership in Twin Cities dropped 53% amid pandemic — Data firm predicts "complete chaos" in next phases of Florida's vaccine rolloutAlaska Gov. Mike Dunleavy tests positive for the coronavirus

Acting Capitol Police chief: Phone logs show Jan. 6 National Guard approval was delayed

Pittman at a congressional tribute for fallen officer Brian Sicknick. Photo: Erin Schaff-Pool/Getty Images

Acting U.S. Capitol Police chief Yogananda Pittman testified on Thursday that cellphone records show former USCP chief Steven Sund requested National Guard support from the House sergeant-at-arms as early as 12:58pm on Jan. 6, but he did not receive approval until over an hour later.

Why it matters: Sund and former House sergeant-at-arms Paul Irving clashed at a Senate hearing on Tuesday over a dispute in the timeline for when Capitol Police requested the National Guard during the Capitol insurrection.