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Illustration: Lazaro Gamio/Axios

Presidential candidate Elizabeth Warren on Friday unveiled a tech trust-busting plan that would theoretically undo some of the past decade's most influential mergers, including Facebook's 2012 acquisition of Instagram, Google's 2007 deal for DoubleClick, and Amazon's 2017 purchase of Whole Foods Markets.

What to watch: Other companies affected could theoretically include Apple and Walmart, although Warren didn't explicitly call them out. Warren has repeatedly said on the campaign trail that she is a capitalist, not a socialist, but that she believes America's current application of capitalism is so lawless as to be counterproductive.

Silicon Valley, so far, is largely rolling its eyes. Warren remains a long shot to get the Democratic Party nomination, let alone win the presidency.

  • Even if elected, she couldn't implement her plan by fiat. She'd need congressional help for much of it, including approval for her hand-picked regulators, and inevitably she would face court challenges on forced divestitures.
  • President Trump expressed opposition to AT&T's Time Warner acquisition during the campaign and his DOJ sued to block the deal. He lost.
  • Big Tech believes that consumers are more concerned with privacy than with power.

I spoke to several tech deal-makers over the weekend, and none of them said that Warren's plan is causing even a tentative hiccup in their active pipeline.

But, but, but: Donald Trump was a long shot to get the Republican Party nomination, let alone win the presidency.

  • There well could be congressional support for such a plan if Democrats take control of both chambers, particularly given that it's really a tech-targeted version of the "Better Deal" plan released in mid-2017.
  • Courts are currently hamstrung a bit by current antitrust law, which hasn't been updated much since J.P. Morgan was known more as a person than as a bank. Change the laws, change the rulings.
  • Big Tech has been shown to have a tin ear when it comes to the consequences of its actions.
  • Tech deal-makers don't care if they close a merger tomorrow that gets unwound in three years. The advisory fees don't get refunded.

Go deeper

CDC: Half of US adults have received one COVID-19 vaccine dose

Data: CDC; Chart: Axios Visuals

Half of US adults have received at least one dose of the COVID-19 vaccine and about a third are fully vaccinated, according to new data from the Centers for Disease Control and Prevention.

Why it matters: COVID-19 cases and hospitalizations are still on the rise, CDC director Rochelle Walensky said during Friday's White House COVID-19 briefing. With cases in many states being driven by variants, public health officials have emphasized the need to ramp up vaccinations.

2 hours ago - World

Israeli intel agencies believe Vienna talks will lead to U.S. return to Iran nuclear deal

Photo: DEBBIE HILL/AFP via Getty Images

Israeli military intelligence and senior officials in the Mossad briefed a meeting of the nation's security cabinet that talks in Vienna between Iran and other world powers will lead to the U.S. returning to the 2015 nuclear deal, two officials who attended the meeting told me.

Why it matters: The Israeli government is very concerned about a U.S. return to the nuclear deal and is trying to convince the Biden administration not to take the pressure off the Iranian regime.

Latino community of 13-year-old killed by police in Chicago reels after shooting

A small memorial of flowers and candles to Adam Toledo in Chicago. Photo: Kamil Krzaczynski/Getty Images

Residents of Little Village, a well-known and predominantly Latino neighborhood in Chicago, are grieving the death of Adam Toledo, a 13-year-old Mexican American boy from the neighborhood who was shot and killed by a police officer on March 29, NBC News reports.

Why it matters: Adam Toledo's killing shines a spotlight on police shootings of Latinos, who are killed by law enforcement at the second-highest rate after Black Americans, according to data from the Washington Post.