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Illustration: Aïda Amer/Axios

Already facing antitrust and privacy enforcement actions from governments around the globe, major tech companies are now grappling with a slew of new potential threats from individual states.

Why it matters: Local governments are more nimble and have higher levels of public trust than Congress, so they have more latitude to get laws passed quickly.

  • That's a problem for tech companies that are trying to shore up public trust while also fighting back an array of regulatory assaults.
  • "From a reputation perspective, you'd hate to have local officials who are generally more trusted gunning for you," says Washington lobbyist Bruce Mehlman.

The big picture: State attorneys general have been particularly active under the Trump administration, acting unilaterally to go their own way in some cases, and uniting to fight Washington in others.

  • Aggressive state AGs with an interest in tech often move into higher profile political roles — such as former Missouri AG Josh Hawley, who's now a Republican senator and a vocal critic of Big Tech.
  • There's also former California AG Kamala Harris, a presidential candidate who, as a senator, was tough on data privacy and election security.

At the state level, populist movements on the right and the left may converge on some tech-related issues, such as perceived partisan bias and and business market dominance.

  • Cities and states are also showing an appetite for intervening in the gig economy, which is expected to have ripple effects far beyond firms like Uber, Lyft and Doordash.

The bottom line: "There's so much change that people don't feel protected from, and the concurrent loss of trust in the establishment," Mehlman says. "So you have a rise of permission-less players who no longer think Washington should be the locus of global leadership."

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Dunkin' Brands agrees to $11B Inspire Brands sale

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Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

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Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.