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Statue outside FTC headquarters in Washington. Photo: Chris Maddaloni/Roll Call/Getty Images

The Federal Trade Commission announced Tuesday it is investigating acquisitions made by Amazon, Facebook, Apple, Microsoft, and Alphabet/Google from 2010 on.

Why it matters: As pressure mounts to regulate Big Tech companies as monopolies, the FTC is one of two arms of the federal government empowered to enforce antitrust law, along with the Justice Department.

Driving the news: The FTC is examining prior acquisitions that were not previously reported to antitrust authorities to learn whether large tech companies are buying up small potential competitors in an anticompetitive manner, the agency said in a release.

  • “This initiative will enable the commission to take a closer look at acquisitions in this important sector, and also to evaluate whether the federal agencies are getting adequate notice of transactions that might harm competition," FTC Chairman Joe Simons said in a statement. “This will help us continue to keep tech markets open and competitive, for the benefit of consumers.
  • The FTC is conducting the inquiry using its Section 6(b) power, which allows the agency to seek business information for a wide-ranging study that is not part of a specific law enforcement investigation.
  • But, in a call with reporters, Simons wouldn't rule out the study ultimately leading to enforcement action. He said all options are on the table, including unwinding acquisitions that the agency finds to be anticompetitive.

Go deeper

Updated 5 hours ago - World

Skripal poisoning suspects linked to Czech blast, as country expels 18 Russians

Combined images released by British police in 2018 of Alexander Petrov (L) and Ruslan Boshirov, who are suspected of carrying out an attack in the in the southern English city of Salisbury using Novichok, a military-grade nerve agent, and also the2014 Czech depot explosion. Photo: Metropolitan Police via Getty Images

Czech police on Saturday connected two Russian men suspected of carrying out a poisoning attack in Salisbury, England, with a deadly ammunition depot explosion southeast of the capital, Prague, per Reuters.

Driving the news: Czech officials announced Saturday they're expelling 18 Russian diplomats they accuse of being involved in the blast in Vrbětice, AP notes. Czech police said later they're searching for two men carrying several passports — including two with the names Alexander Petrov and Ruslan Boshirov.

Indianapolis mass shooting suspect legally bought 2 guns, police say

Marion County Forensic Services vehicles are parked at the site of a mass shooting at a FedEx facility in Indianapolis, Indiana, on Friday. Photo: Jeff Dean/AFP via Getty Images

The suspected gunman in this week's mass shooting at a FedEx facility in Indianapolis legally purchased two "assault rifles" believed to have been used in the attack, police said late Saturday.

Of note: The Indianapolis Metropolitan Police Department's statement that Brandon Scott Hole, 19, bought the rifles last July and September comes a day after the FBI told news outlets that a "shotgun was seized" from the suspect in March 2020 after his mother raised concerns about his mental health.

U.S. and China agree to take joint climate action

US Special Presidential Envoy for Climate John Kerry waves as he arrives at the Elysee Presidential Palace on March 10, 2021 in Paris. Photo: Chesnot/Getty Images

Despite an increasingly tense relationship, the U.S. and China agreed Saturday to work together to tackle global climate change, including by "raising ambition" for emissions cuts during the 2020s — a key goal of the Biden administration.

Why it matters: The joint communique released Saturday evening commits the world's two largest emitters of greenhouse gases to work together to keep the most ambitious temperature target contained in the Paris Climate Agreement viable by potentially taking additional emissions cuts prior to 2030.

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