48 state AGs appeal court’s dismissal of their Facebook antitrust suit

A coalition of 48 state attorneys general filed an appeal Friday in another attempt to break up Facebook parent Meta Platforms Inc. . The 99-page brief contends Judge James E. Boasberg erred in dismissing the antitrust case against Facebook in June. Boasberg ruled the states waited too long to challenge the company's acquisitions of Instagram and WhatsApp in 2012 and 2014, respectively. The filing comes on the heels of Boasberg's decision Tuesday to allow the Federal Trade Commissions's revised Read More...


Explainer-Oil price spike leaves limited options for Biden

Two months after U.S. President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multi-year highs. Biden spearheaded a coordinated release of oil from strategic reserves with Japan, India, South Korea, Britain and China in November that helped quell prices – even though, in the end, China did not take part. Rising oil prices present a political headache for Biden and any U.S. president, because the United States is the biggest consumer of gasoline globally, burning roughly 9 million barrels per day (bpd) of the motor fuel.

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