Amazon doesn’t like FTC chair Lina Khan’s views, wants her off investigations

Lina M. Khan testifies during a Senate Commerce, Science, and Transportation Committee nomination hearing on Capitol Hill on April 21, 2021, in Washington, DC.

Enlarge / Lina M. Khan testifies during a Senate Commerce, Science, and Transportation Committee nomination hearing on Capitol Hill on April 21, 2021, in Washington, DC. (credit: Graeme Jennings-Pool/Getty Images)

Amazon filed a 25-page petition today with the Federal Trade Commission asking that Chairwoman Lina Khan recuse herself from antitrust investigations into the company.

Khan, a frequent critic of Amazon and other Big Tech firms, was appointed FTC chair less than two weeks ago. Though there has been plenty of speculation about her first moves, her short tenure to date means she hasn’t had much opportunity to file lawsuits or announce investigations. Amazon’s petition shows that its legal team hasn’t sat idle since her nomination as commissioner and subsequent appointment as chair.

“Although Amazon profoundly disagrees with Chair Khan’s conclusions about the company,” Amazon wrote in the petition, “it does not dispute her right to have spoken provocatively and at great length about it in her prior roles. But 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.”

Read 7 remaining paragraphs | Comments



Source: Ars Technica – Amazon doesn’t like FTC chair Lina Khan’s views, wants her off investigations

Amazon Demands One More Thing From Some Vendors: A Piece of Their Company

Suppliers that want to land Amazon as a client for their goods and services can find that its business comes with a catch: the right for Amazon to buy big stakes in their companies at potentially steep discounts to market value. The Wall Street Journal: The technology-and-retail giant has struck at least a dozen deals with publicly traded companies in which it gets rights, called warrants, to buy the vendors’ stock in the future at what could be below-market prices, according to corporate filings and interviews with people involved with the deals. Amazon over the past decade also has done more than 75 such deals with privately held companies, according to a person familiar with the matter. In all, the tech titan’s stakes and potential stakes amount to billions of dollars across companies that provide everything from call-center services to natural gas, and in some cases position Amazon among the top shareholders in those businesses.

The unusual arrangements offer another window into how Amazon uses its market heft to increase its wealth and clout. The company has been under growing scrutiny from regulators and lawmakers over its competitive practices, including with companies it partners with. While the deals can benefit the suppliers by locking in big contracts, which can also boost their share prices, executives at several of the companies said they felt they couldn’t refuse Amazon’s push for the right to buy the stock without risking a major contract. The deals in some cases also give Amazon rights such as board representation and the ability to top any acquisition offers from other companies. For Amazon, the arrangements give it a piece of the potential upside the vendors can get from doing business with one of the world’s biggest companies.

Read more of this story at Slashdot.



Source: Slashdot – Amazon Demands One More Thing From Some Vendors: A Piece of Their Company

New York Faces Blackouts as Extreme Heat Strains the Grid

On Wednesday afternoon, New Yorkers’ phones started shrieking as an emergency alert warned them to conserve power or face the prospect of widespread blackouts. The city along with large parts of the East Coast are blanketed under an oppressive heat wave that is taxing the electricity grid, much as the record-setting…

Read more…



Source: Gizmodo – New York Faces Blackouts as Extreme Heat Strains the Grid

How to Download the watchOS 8 Public Beta

The first public beta for watchOS 8 is now available, giving users a chance to try out all the new features coming to Apple Watch Series 3, 4, 5, 6, and SE devices later this year. This early version of watchOS 8 includes the respiratory sleep tracking, new workout modes and multi-timer support, and tons of new…

Read more…



Source: LifeHacker – How to Download the watchOS 8 Public Beta

CDC Stands by Masking Guidelines, Says Vaccinated Americans Are Safe From Delta Variant

The head of the Centers for Disease Control and Prevention, Rochelle Walensky, is trying to assuage vaccinated people’s fears about the Delta variant of the coronavirus. This morning, Walensky said that vaccinated people should remain protected from Delta and that they still didn’t need to wear masks in most…

Read more…



Source: Gizmodo – CDC Stands by Masking Guidelines, Says Vaccinated Americans Are Safe From Delta Variant

Samsung's Handsome Galaxy Watch 4 Classic Leaks In Official Renders

Samsung's Handsome Galaxy Watch 4 Classic Leaks In Official Renders
Last week, we got a chance to examine Samsung’s upcoming Galaxy Watch 4 smartwatch, which has clean lines and minimal bezels available in 40mm and 44mm cases sizes. But that’s not the only smartwatch coming from Samsung; the Galaxy Watch 4 Classic leaked today in official press renders.
The Galaxy Watch 4 Classic bears more than a passing

Source: Hot Hardware – Samsung’s Handsome Galaxy Watch 4 Classic Leaks In Official Renders

Not just OLED: LG is about to release its first Mini LED TVs

A large flatscreen TV mounted on a white wall

Enlarge / A promotional image depicting one of LG’s new Mini LED TVs. (credit: LG)

LG plans to introduce its first consumer Mini LED TVs sometime next month, according to a press release from the South Korean company. Mini LED is a new variant of LCD TV tech that offers better contrast ratios, among other improvements, than what has come before.

The new lineup in the US includes one 4K TV (dubbed the QNED90) and one 8K variant (called QNED99). Both are available in three sizes: 65 inches, 75 inches, and 86 inches.

Much of the recent advertising and marketing muscle behind Mini LED TVs has come from Samsung, but that’s not the only company making them. TCL, Hisense, and others have introduced Mini LED sets as well.

Read 7 remaining paragraphs | Comments



Source: Ars Technica – Not just OLED: LG is about to release its first Mini LED TVs

Hayao Miyazaki's Glorious Lupin III Movie Is Coming to Theaters in 4K

Hayao Miyazaki might be better known for the incredible body of work he developed over his entire career at Studio Ghibli, but the animator’s theatrical debut didn’t just form a foundational base for that career, it gave one of Japan’s most beloved gentlemen thieves his all-time greatest caper: Lupin III: The Castle

Read more…



Source: Gizmodo – Hayao Miyazaki’s Glorious Lupin III Movie Is Coming to Theaters in 4K

Robinhood's Luster Stained Again With a Record $70 Million Fine

An anonymous reader shares a report: Robinhood Markets unleashed a revolution, marshaling throngs of new traders to financial markets in an upside-down year. But the free trading app’s breakneck growth hurt the same small-time investors it sought to empower. That’s the accusation leveled by Wall Street’s self-funded watchdog, which extracted almost $70 million from the brokerage in a record settlement Wednesday, including a $57 million fine and about $12.6 million in payments to aggrieved customers. It follows Robinhood’s meteoric rise against the backdrop of the Covid-19 pandemic and the frenzy over hot stocks such as GameStop Corp. that warped the realm of retail trading.

Read more of this story at Slashdot.



Source: Slashdot – Robinhood’s Luster Stained Again With a Record Million Fine

Xbox Cloud Gaming Is The Future, But It’s Not There Yet

When talking about the future of gaming, it’s common to hear about “teraflops” and other technical lingo. Well, how’s this for the future? Now, you don’t even need an Xbox to play Xbox games, thanks to recently beefed-up capacity for Xbox Cloud Gaming.

Read more…



Source: Kotaku – Xbox Cloud Gaming Is The Future, But It’s Not There Yet

The 10 Best Personal Finance Podcasts to Listen to in 2021

Becoming financially literate takes some work, but it doesn’t have to be a chore. And in 2021, one of the easiest ways to source practical advice on budgeting, managing debt and investing is listening to personal finance podcasts while you’re making dinner, out walking the dog, or commuting to work. To help you choose…

Read more…



Source: LifeHacker – The 10 Best Personal Finance Podcasts to Listen to in 2021

Twitch Watch Parties now work on iOS and Android

Following last year’s expansion beyond the US, Twitch users can now access the platform’s “Watch Parties” feature on Android and iOS devices. Watch Parties allow Twitch users to stream content from Amazon Prime Video much like they would a video game. Viewers can follow along with the TV show or movie as it unfolds and take part in chat.

Previously, Watch Parties were only available through Twitch’s web client. As you might imagine, there are some limits in place to prevent people from watching Prime Video content for free. To start, both the person streaming the video and watching it need an active Prime Video subscription to take part. Regional restrictions also apply, so someone can’t stream a TV show or movie that’s not available in their local Prime Video library. But even when you take those restrictions into consideration, there aren’t a lot of features out there that match what Twitch has with Watch Parties. After all, it’s something the company can only offer because it’s owned by Amazon.



Source: Engadget – Twitch Watch Parties now work on iOS and Android

Android Users Are Getting Closer to an iMessage-Like App

AT&T has announced it’s collaborating with Google to make Messages by Google the default messaging app on all Android phones supported by the network. This means AT&T subscribers will have access to Rich Communication Services (RCS) and Messages by Google’s built-in encryption abilities.

Read more…



Source: Gizmodo – Android Users Are Getting Closer to an iMessage-Like App

Right-Wing Media Outraged Energy Secretary Talked About Climate Change and Miami Condo Collapse

In a Tuesday interview with, Energy Secretary Jennifer Granholm suggested that sea level rise may have played a role in the devastating collapse of a condominium building in Surfside last week that killed 16 and left dozens still missing.

Read more…



Source: Gizmodo – Right-Wing Media Outraged Energy Secretary Talked About Climate Change and Miami Condo Collapse

Robinhood ordered to pay $70m penalty to US regulator

Robinhood ordered to pay $70m penalty to US regulator

Enlarge

A Wall Street regulator has ordered the retail trading platform Robinhood to pay more than $70m in penalties for causing what it described as “widespread and significant” harm to its customers.

The Financial Industry Regulatory Authority (Finra) announced on Wednesday that it was fining Robinhood $57m and ordering it to pay $12.6m plus interest in restitution to its customers—the largest penalty ever ordered by the regulator.

Among a litany of failures alleged by Finra, widespread technical problems on the platform during periods of high volatility cost some traders tens of thousands of dollars, it said.

Read 8 remaining paragraphs | Comments



Source: Ars Technica – Robinhood ordered to pay m penalty to US regulator

More hints of progress toward a malaria vaccine

Read 17 remaining paragraphs | Comments



Source: Ars Technica – More hints of progress toward a malaria vaccine