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FTC Staff was Close to Filing Antitrust Lawsuit Against Google

July 23, 2023
in Trade Tube
Reading Time: 1 min read
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Google was reportedly close to a U.S. antitrust probe. The Wall Street Journal says key Federal Trade Commission staff wanted to sue the internet giant after finding “real harm to consumers and to innovation.” The possible lawsuit was discouraged by the economic arm of the agency, which felt Google’s voluntary changes were more effective. Nike’s revenue was up 7 percent, despite the stronger U.S. dollars. Nike has benefited from the popularity of basketball shoes as well as the trend of wearing athletic apparel as day wear. SeaWorld names a new CEO, amid declining attendance and revenue. Tiffany’s and Darden Restaurants report earnings.

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