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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 249.51

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From: Sr K	6/30/2021 9:54:36 PM
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Amazon Seeks Recusal of FTC Chairwoman Lina Khan in Antitrust Investigations of Company Online giant questions Khan’s ability to be impartial in light of her repeated criticisms of Amazon Lina Khan, who was designated FTC chairwoman this month, has been a leading critic of dominant technology companies.PHOTO: GRAEME JENNINGS/POOL/SHUTTERSTOCK By Brent Kendall Updated June 30, 2021 5:01 pm ET WASHINGTON— Amazon.com Inc. filed a request with the Federal Trade Commission seeking the recusal of new Chairwoman Lina Khan from antitrust investigations of the company, in light of her extensive past criticisms of the online giant. “Given her long track record of detailed pronouncements about Amazon, and her repeated proclamations that Amazon has violated the antitrust laws, a reasonable observer would conclude that she no longer can consider the company’s antitrust defenses with an open mind,” Amazon said in a 25-page motion filed Wednesday with the FTC. An FTC spokeswoman declined to comment. Ms. Khan has been a leading critic of dominant technology companies—especially Amazon—and a central figure in a movement that favors sweeping changes to antitrust enforcement to take on the nation’s most powerful firms. The Senate confirmed her earlier this month for the FTC, and President Biden immediately installed her as the head of the agency. Exc. Edited, a headline passed that Amazon hired Covington, Williams and Connolly, to fight the FTC Chair for her stated bias.

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