4.5 • 705 Ratings
🗓️ 20 May 2020
⏱️ 11 minutes
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0:00.0 | Welcome to Axis Pro Rata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:11.0 | Sponsored by Bridge Bank. Be safe. Venture wisely. I'm Deppermak. On today's show, podcasting gets its Howard Stern moment and some big new questions about that Moderna vaccine. |
0:22.6 | But first, Amy Klobuchar. |
0:27.3 | She is, of course, the senior senator from Minnesota and possible running mate for Joe Biden this November. She's also part of a growing Democratic Party chorus against large mergers, particularly |
0:32.7 | in the tech space. On Sunday, Klobuchar tweeted her opposition to Uber's possible takeover |
0:37.2 | offer for rival |
0:38.2 | food delivery company Grubhub, saying it would be bad for consumers. Then on Monday, she doubled |
0:43.4 | down, calling it, quote, a pandemic-driven deal and then suggested that Trump antitrust regulators |
0:49.0 | should also dig into Facebook's agreement to buy Giffy. Why it matters is that Klobuchar is a |
0:53.8 | moderate by Democratic |
0:54.8 | Party standards, which suggests the center is moving closer to the progressive left when it comes |
0:59.3 | to big corporate mergers. Klobuchar co-signed the letter with Elizabeth Warren, asking the |
1:03.4 | Treasury Department and Federal Reserve to block potentially harmful large mergers by companies |
1:08.5 | that have received stimulates grants or loans, although hasn't yet |
1:11.7 | signed on to Warren and AOC's so-called Pandemic Monopoly Act legislation, which would bar all |
1:17.3 | large company mergers until the pandemic's economic strain is eased. In short, all of this |
1:21.9 | indicates that the tech lash could be warming its way back into the political conversation, |
1:26.0 | particularly as we all become more |
1:27.7 | and more reliant on on-demand services in the coronavirus era. In 20 seconds, we will go deeper with |
1:33.5 | Senator Amy Klobuchar. But first, this. Bridgebank knows the ins and outs of business ups and |
1:38.4 | downs and remains dedicated to providing financial solutions to sponsor-backed emerging technology |
1:42.9 | and growth companies for nearly two decades. Through its national network of banking teams and offices and tech |
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