Photos: Denis Charlet/AFP/ Daniel Reinhardt/picture alliance via Getty Images

State attorneys general are expected to formally launch antitrust investigations this week into Facebook and Alphabet’s Google.

Background: These are separate from ongoing investigations by the Justice Department and the FTC, which have been looking into the 2 mega companies since last year, plus ongoing inquiries from the FBI and SEC.

Details: The new investigations, which involve 2 large bipartisan coalitions that may include more than 40 attorneys general, is being led by Texas Attorney General Ken Paxton, according to WSJ.

  • Separately, New York Attorney General Letitia James is organizing an additional bipartisan, multistate antitrust probe into whether Facebook “has stifled competition and put users at risk,” she said in a statement last week.

Why it matters: While Google's stock has underperformed the broader stock market this year, gaining around 13% compared to the S&P 500's 18% rise, Facebook has managed to nearly double the market's return, up around 35% as it has continued to unroll solid earnings in spite of the mounting controversies.

Yes, but: Since July 2018, when early investigations into Facebook's involvement with the Cambridge Analytica scandal took off, the stock is down almost 3% compared to gains of around 9% for both Alphabet and the S&P.

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Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 11,520,461 — Total deaths: 535,499 — Total recoveries — 6,231,052Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 2,911,888 — Total deaths: 130,101 — Total recoveries: 906,763 — Total tested: 35,515,075Map.
  3. Public health: Case growth outpacing testing in hotspots.
  4. States: West Virginia becomes latest state to mandate facial coverings in public.
  5. Politics: Cuomo accuses Trump of "enabling" the coronavirus surge — Sen. Chuck Grassley opts out of attending GOP convention over coronavirus concerns.

Trump ramps up culture war attacks

Photo: Tasos Katopodis/Getty Images

President Trump's attacks are spreading to sports that are cornerstones of rural, conservative white American life.

Why it matters: The culture war that engulfed the NBA and NFL is reaching other major leagues, with teams that stonewalled activists for years suddenly showing a willingness to listen.

Foreign students could be forced to leave U.S. if colleges move online

Harvard University campus. Photo: Maddie Meyer/Getty Images

Foreign college students could be forced to leave the U.S. or transfer schools if their universities move classes entirely online this fall, according to guidance released by Immigration and Customs Enforcement (ICE) on Monday.

Why it matters: Several U.S. colleges and universities — most recently Harvard — have announced plans to move most or all courses online this fall due to coronavirus concerns. Many institutions rely heavily on tuition from international students.