Thursday, September 28th, 2023

Morning Announcements

Betches

News, Daily News, Politics, News Commentary

4.7 • 1.7K Ratings

🗓️ 28 September 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s Headlines: In a significant legal development, the FTC, in collaboration with 17 state attorneys general, has filed a lawsuit against Amazon, alleging that the tech giant is abusing its monopoly power to maintain artificially high prices and stifle competition. The lawsuit specifically accuses Amazon of implementing anti-discounting policies that penalize vendors for offering lower prices outside of Amazon's platform and mandating the use of its logistics service for goods to appear on Amazon Prime. FTC Chair Lina Khan stated that Amazon takes a substantial portion of sellers' earnings. In a separate lawsuit, Hunter Biden has sued Rudy Giuliani and another attorney for allegedly wrongfully accessing and sharing his personal information, seeking unspecified damages and data return. Hyundai and Kia are recalling 3.4 million vehicles in the US due to a fire risk, and the FAA faces potential disruption amid a looming government shutdown, with substantial financial implications for air travel. Resources/Articles mentioned in this episode: Wall Streett Journal: FTC Sues Amazon, Alleging Illegal Online-Marketplace Monopoly AP News: Hunter Biden sues Rudy Giuliani and another lawyer over accessing and sharing of his personal data AP News: Hyundai and Kia recall nearly 3.4 million vehicles due to fire risk and urge owners to park outdoors NPR: Sen. Bob Menendez and his wife plead not guilty in bribery case WA Post: The FAA faces a double government shutdown this weekend Morning Announcements is produced by Sami Sage alongside Amanda Duberman and Bridget Schwartz Edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today is Thursday, September 28th, and you're listening to the Morning Announcements presented
0:05.8	by Betches Media.
0:06.8	I'm your host, Sammy Sage, and the Morning Announcements is your daily five-minute breakdown
0:11.0	of the headlines that isn't afraid to take a side and roast the most consequential reality
0:15.8	show there is.
0:17.0	Our government.
0:18.1	This episode is brought to you by Thrive Cosmetics.
0:20.5	Their products are certified 100% vegan and cruelty-free, with no paraben, sulfates, or
0:25.8	bailates, and each purchase supports organizations that help communities thrive.
0:30.6	Right now you can get an exclusive 20% off your first order when you visit thrivecosmetics.com
0:36.3	slash morning.
0:37.6	That's Thrive Cosmetics, CAUSE, METICS.com slash morning for 20% off your first order.
0:48.6	On Tuesday, the FTC, alongside the attorneys general of 17 states, filed a lawsuit against
0:54.4	Amazon.
0:55.4	alleging that the company illegally wields its power as a monopoly to keep prices artificially
1:00.0	high and to lock sellers into its platform at the expense of its competition.
1:04.6	Specifically, Amazon is accused of using anti-discounting policies that would punish
1:08.8	vendors who sell on Amazon if they offer lower prices off of Amazon, and for requiring
1:14.0	sellers to use their logistics service if they want their goods to appear in Amazon
1:17.7	Prime.
1:18.7	At a press briefing after filing the lawsuit, FTC chair Lena Khan said the company takes
1:23.4	one out of every $2 that a seller makes.
	...

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