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Illustration: Lazaro Gamio/Axios

Antitrust investigations into Google that the U.S. Department of Justice and a coalition of 50 states and territories opened last year are likely to produce lawsuits "as soon as this summer," the Wall Street Journal reports.

The big picture: Google, along with Facebook, Apple, and Amazon, has faced scrutiny from regulators over a variety of concerns, including allegations of privacy violations, anti-competitive practices, political bias, and failure to limit the spread of misinformation.

How it works: The DOJ and states would aim to prove that Google's dominant position in the online advertising marketplace constitutes a monopoly that the company has used to squelch competitors. They could also take aim at its dominance of search. Google would aim to show that its mostly free products and services benefit consumers.

Between the lines: Most antitrust litigation against tech giants has proven drawn-out and inconclusive in the past, but companies pressed to defend themselves in those cases, like Microsoft and IBM, have lost their industry leadership in the process.

Go deeper: Tech's antitrust probes push on in face of pandemic

Go deeper

Zuckerberg testified before FTC during antitrust probe into Facebook

Photo: Tobias Hase/Picture Alliance via Getty Images

Facebook CEO Mark Zuckerberg testified during a Federal Trade Commission hearing this week as part of the agency's antitrust investigation into the social media company, Politico reports.

Why it matters via Axios' Ashley Gold: The FTC deposing Zuckerberg is not a surprising move in an antitrust case that may result in a lawsuit. It also gives the agency some cover after being criticized for not having Zuckerberg testify in the Cambridge Analytica data scandal case.

Fed chair says he isn't concerned by Delta surge

Fed Chairman Jerome Powell at the G20 finance ministers and central bankers meeting in Venice last month. Photo: Andreas Solaro/AFP via Getty Images

One of the country's most influential economic officials doesn't anticipate that surging coronavirus cases will knock the reopening recovery off course.

What he's saying: "There has tended to be less economic implications from each [coronavirus] wave. We'll see if that's the case for the Delta variety," Federal Reserve Chairman Jerome Powell told reporters today.

Updated 2 hours ago - Economy & Business

Ubisoft workers demand company accountability in open letter

Photo: Frederic Brown / Getty Images

Close to 500 current and former employees of “Assassin’s Creed” publisher Ubisoft are standing in solidarity with protesting game developers at Activision Blizzard with a letter that criticizes their company's handling of sexual misconduct.

Why it matters: Ubisoft and Activision Blizzard workers are framing the actions as part of a bigger movement meant to have lasting change in the industry and its culture.