Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

The CEOs of tech's four leading giants will defend their industry's growing concentration of power from critics on both right and left who view them as monopolists when they testify, most likely virtually, before Congress on July 27.

Why it matters: The joint appearance by Facebook's Mark Zuckerberg, Apple's Tim Cook, Amazon's Jeff Bezos and Google's Sundar Pichai will mark a historic collision between the leaders of an industry that has changed the world and political leaders who believe those changes have harmed democracy and individual rights.

This quartet of CEOs has never shared a stage — and thanks to the pandemic they are unlikely to do so when they answer questions from members of the House Judiciary's antitrust subcommittee.

  • The medium of the event itself — like so many pandemic-era events, it's expected to take place via internet videoconference — is a sign of how profoundly the tech industry has reshaped public life.

Background: The last time Congress took on Big Tech at this level was in April 2018, when Zuckerberg appeared before committees from both House and Senate to defend Facebook in the wake of the Cambridge Analytica data privacy scandal and questions about its role in the 2016 election.

  • Pichai also testified before House Judiciary in Dec. 2018 about charges Google is biased against conservatives.
  • Cook testified about Apple's taxes before the Senate's Permanent Committee on Investigations in 2013.
  • Bezos has never before appeared on the Hill.

These CEOs follow in a long line of powerful industry leaders who have volunteered to take their lumps before lawmakers in hope of forestalling punitive legislation and winning over the public.

  • Bank CEOs and pharma CEOs both testified before Congress in group panels in 2019.
  • In 2008, CEOs of the big three U.S. automakers showed up for several hearings related to financial-crisis bailouts, and faced criticism for flying in on private jets.
  • Oil CEOs defended record profits at a 2005 hearing.
  • In previous eras, Congress hauled in John D. Rockefeller, J.P. Morgan and Andrew Carnegie.

The appearances don't always pay off.

  • Bill Gates' defiant, sometimes contemptuous Senate testimony in 1998 helped ensure that Microsoft would end up targeted with a federal antitrust lawsuit.
  • When seven tobacco company CEOs told Congress in 1994 that cigarettes aren't addictive, they cemented a reputation for deception.

How it will work: The format for the tech hearing has not yet been finalized, according to several sources, but the most likely scenario right now is testimony from all four CEOs on the same panel, rather than one after another.

  • We're unlikely to see photos of the CEOs lined up in front of microphones with congressional inquisitors arced around them. Instead, they'll be in the same video rectangles the rest of us get to inhabit today.
  • The plans are already drawing criticism. House Judiciary Committee ranking member Jim Jordan (R-Ohio) demanded that the hearing be held before the full committee, rather than the antitrust subcommittee, in a letter to committee chairman Jerrold Nadler Tuesday.

Of note: Microsoft, the target of Washington's relentless scrutiny 20 years ago, is no longer grouped with the other companies as a target for inquiry.

  • This is either a sign of Microsoft's latter-day success at finding accommodation with regulators and the public, an indication that the company isn't the dominant force it once was — or, most likely, a bit of both.

Our thought bubble: Steve Jobs never testified before Congress.

Go deeper

Ina Fried, author of Login
Oct 13, 2020 - Technology

Apple's events aren't what they used to be

Photo: Apple

Apple will introduce its latest iPhones today using the same format it has employed for more than a decade: a dedicated press event with executives touting how much better the new product is than all the ones that came before it.

Reality check: Apple events aren't nearly as exciting as they used to be. That's especially true since they've gone virtual during the pandemic. But a number of other factors also keep today's hourlong commercials from being as compelling as they used to be.

Firefighters end search for bodies at Surfside

A picture in the memorial that has photographs of some of the victims from the partially collapsed 12-story Champlain Towers South condo building on July 15 in Surfside, Florida. Photo by Joe Raedle/Getty Images

Firefighters on Friday concluded their search for bodies at the site of the June 24 collapse of the Champlain Towers South condominium in Surfside, Florida.

Driving the news: 97 people were killed and one woman, Estelle Hedaya, remains missing.

Updated 29 mins ago - Sports

Olympics dashboard

🚨: Team USA closes out Day 1 with no medals for 1st time since 1972

📺: The Olympic events to watch today

🛹: Athlete spotlight - Nyjah Huston hopes to skate his way into Olympic history

🇺🇸: After loss to Sweden, U.S. women's soccer team overwhelms New Zealand

🥇: The six new sports at Tokyo 2020

👻: How the no-spectator Olympics could affect the athletes

💉 About 100 U.S. Olympic athletes are unvaccinated

Go deeper: Full Axios coverage

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!