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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 243.08-2.9%Nov 6 3:59 PM EST

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From: Sr K3/29/2022 1:34:59 AM
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Antitrust Bill Targeting Amazon, Google, Apple Gets Support From DOJ

The Justice Department told lawmakers in a letter that the rise of dominant platforms presents a threat to open markets and competition

The Justice Department’s letter expresses support for the American Innovation and Choice Online Act.PHOTO: STEFANI REYNOLDS/BLOOMBERG NEWS

By Ryan Tracy

Updated Mar. 28, 2022 10:34 pm ET

WASHINGTON—The Justice Department Monday endorsed legislation forbidding large digital platforms such as Amazon and Google from favoring their own products and services over competitors’, marking the Biden administration’s first full-throated support of the antitrust measure.

“The Department views the rise of dominant platforms as presenting a threat to open markets and competition, with risks for consumers, businesses, innovation, resiliency, global competitiveness, and our democracy,” says a letter to bipartisan leaders of the Senate Judiciary Committee, signed by Peter Hyun, the Justice Department’s acting assistant attorney general for legislative affairs.

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