WASHINGTON (Reuters) – U.S. Representative David Cicilline, the chairman of the House Judiciary Committee’s antitrust subcommittee, said on Wednesday he would be “comfortable with unwinding” Facebook Inc’s acquisition of Instagram.
The antitrust subcommittee on Tuesday released a report on Big Tech’s abuses of market power but stopped short of naming specific companies or acquisitions that must be broken up.
Cicilline, a Democrat from Rhode Island, told Reuters in an interview that Facebook should not have been allowed to buy Instagram, a deal that the Federal Trade Commission approved in 2012.
“I would be comfortable with unwinding that. I think that’s the right answer,” he said.
Facebook did not immediately respond to a request for comment. It has said previously that Instagram was insignificant at the time it was purchased and that Facebook built it into the success it has become.
Any effort to unwind the deal would entail the government
ARLINGTON, Va., Oct. 5, 2020 /PRNewswire/ — The Board of Directors of the Potomac Institute for Policy Studies is pleased to announce the promotion of Dr. Jennifer Buss to Chief Executive Officer, and selection of General Al Gray as the new Chairman of the Board. Dr. Buss will immediately assume all duties and responsibilities that accompany the CEO position at the Institute. She was also named a member of the Board of Directors.
“I am incredibly humbled and honored to lead the Institute. I’ve been invested in its mission since I arrived,” Dr. Buss said. “I am committed to progressing the Institute and its contributions to policy in ever-changing science and technology.”
Dr. Buss replaces Mike Swetnam, who passed away in September. “Mike challenged and inspired me every day. It is because of his mentoring, and the leadership of General Al Gray, that I am ready for this new opportunity.”
Congressional sources tell FOX Business’ Charlie Gasparino that top GOP senators on TikTok say they were notified by CFIUS on coming new guidelines.
Oracle Corp. co-founder Larry Ellison’s pursuit of a deal with TikTok could win him two prizes at once: a flashy new customer for his company’s lagging cloud-computing business and a victory over a fierce rival.
Mr. Ellison, 76 years old and chairman of the company, has reason to be a big fan of Chinese-owned TikTok, a video-sharing app famously beloved by young people. But first Oracle, TikTok and their partners have to get a deal done that could return the business-software company to the center of the tech world.
Mr. Ellison maneuvered Oracle ahead of Microsoft Corp. in the race to become TikTok’s U.S. tech partner, and personally lobbied President Trump to sign off on a preliminary agreement, people familiar with the talks said.
For all the woes the Permian Basin energy industry is currently experiencing – demand destruction from the COVID-19 pandemic and low oil prices – it still has a bright future.
“We think there’s a very bright future for the Permian Basin,” Bobby Tudor, chairman of Tudor Pickering Holt & Co. stated during the Permian Basin Petroleum Association’s 58th Annual Meeting, held virtually this year. “It will be different than what we were expecting. The Permian has great rock, great people, great companies and a great regulatory environment. The Permian Basin will continue to be a critical part of the global energy picture.”
Tudor said his company expects oil prices to remain rangebound at current levels and not rising above $50 for the next five years.
Still, he said Permian Basin oil production will continue its upward trajectory.
“We’re actually projecting the Permian will continue to grow; we’re showing 5.6 million
Brian Hamman, Special to The News-Press
Published 6:30 a.m. ET Sept. 27, 2020
Brian Hamman (Photo: Special to News-Press)
This year has been unlike any before it. Each of us has had to deal with unbelievable challenges, and as a nation, we have faced uncertainty about the future. One thing Lee County residents can be certain about is that their local government will provide them with a balanced budget and will keep their taxes low.
During the past several months, we have seen headlines reporting about multiple cities and states facing multi-billion dollar budget deficits. However, here at home your Board of County Commissioners has remained steadfast in producing a budget that provides financial stability while maintaining a first-class level of service and keeping our major projects on track.
When commissioners began working on the budget for next year, we focused on three core areas; maintaining the level of service
Barely a few hours before the announcement of the assembly election, Bihar filled the key position for higher education. The government notified the appointment of Prof Kameshwar Jha for the second term at the Bihar State higher education council (BSHEC) late Thursday evening. It had already been cleared by the Governor earlier.
Besides, it also notified three vice-chancellors as members. They are Central University of South Bihar (CUSB) VC HSC Rathore, Patna University VC Girish Kumar Choudhary, and Munger University VC RK Verma.
The position of SHEC Vice-chairman had remained vacant for over one and a half years since the term of Jha, the first vice-chairman of the SHEC, had ended on March 28, 2019. The education minister happens to be the ex-officio chairman of the apex higher education body in the state.
BSHEC is a mandatory requirement under the Rashtriya Uchchatara Shiksha Abhiyan (RUSA)
Vice Secretary of Hanoi’s Party Committee Chu Ngoc Anh was elected Chairman of the municipal People’s Committee for the 2016-2021 tenure with 95 out of 96 votes at the 16th session of the 15th Hanoi People’s Council this morning.
Mr. Chu Ngoc Anh at the Hanoi People’s Council meeting this morning.
During the meeting session on September 25, the members of Hanoi People’s Council started the process to dismiss Nguyen Duc Chung from all leadership positions and voted for Chu Ngoc Anh as the chairman of Hanoi People’s Committee.
On September 18, the politburo of Vietnam assigned Chu Ngoc Anh as the Deputy Secretary of Hanoi Party Committee. He is currently Minister of Science and Technology and will hold the post until the National Assembly’s meeting in October when he will be relieved of the post.
In assuming his new position, Mr. Ngoc Anh, who is still the Minister of