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Illustration: Sarah Grillo/Axios

Google says the House's new antitrust bills would hurt U.S. tech leadership, "damage the way small businesses connect with consumers, and raise serious privacy and security concerns," in a statement shared exclusively with Axios.

Driving the news: The House Judiciary committee plans to mark up the new package of antitrust bills Wednesday. Their provisions would have wide-ranging consequences for how Google, Facebook, Apple and Amazon operate.

What they're saying:

"We are not opposed to antitrust scrutiny or updated regulations on specific issues. But American consumers and small businesses would be shocked at how these bills would break many of their favorite services.
As many groups and companies have observed, the bills would require us to degrade our services and prevent us from offering important features used by hundreds of millions of Americans."
— Mark Isakowitz, Google vice president of government affairs and public policy

A letter from 13 industry groups to lawmakers similarly urged the committee to slow its consideration of the bills.

Go deeper

Ben Geman, author of Generate
Sep 29, 2021 - Politics & Policy

Biden's climate agenda is hanging by a thread

Illustration: Aïda Amer/Axios

Democrats' pathway to moving huge new climate investments through Congress is looking narrower than ever as negotiations over wide-ranging tax and spending legislation reach a fever pitch.

Driving the news: Washington is enmeshed in tricky talks over sweeping legislation that covers taxes, health and social spending, and of course energy and climate.

8 mins ago - Health

The drugs pushing prescription prices down for Medicare patients

Illustration: Annelise Capossela/Axios

Although net prices of brand-name drugs have increased significantly over the last decade, the savings produced by generics have actually driven average prescription prices down in Medicare's pharmacy benefit and Medicaid, according to a new analysis by the Congressional Budget Office.

Why it matters: The analysis reiterates that the generic market is largely working as intended.

Ben Geman, author of Generate
51 mins ago - Energy & Environment

Electric vehicle "tsunami" expected as new models hit market

Illustration: Aïda Amer/Axios

Bank of America analysts see 2022 as a "major year of commercialization" for the electric vehicle market amid a slew of new vehicle launches and many more on the horizon.

Driving the news: Over 85 new models are slated to launch in model years 2022-2025 (calendar 2021-2024), they said in a note that says a "tsunami" of new cars are coming.

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