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Marketplace All-in-One

Will 2025 be the year of antitrust?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 31 December 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

There’s plenty of uncertainty for the year ahead, but one certainty? 2025 could be a big year for antitrust cases. Companies that will be grappling with antitrust law this upcoming year include Google, Facebook and Amazon. We’ll dig into the issues at stake and what to expect from the incoming Trump administration. But first: a look at a “major” Treasury Department hack and pay increases for more than 9 million people.

Transcript

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0:00.0

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0:05.7

Donate today to support the public service journalism that you rely on.

0:09.7

Every donation and every dollar helps lock in the journalism for what will be a busy news year ahead.

0:15.6

Go to Marketplace.org slash donate and invest in news you value and trust. Marketplace.org slash donate and invest in news you value and trust.

0:22.4

Marketplace.org slash donate or follow that link in the show notes.

0:28.4

Somebody thought to have China links hacked the U.S. Treasury.

0:32.9

I'm David Brancaccio.

0:34.5

It has emerged that hackers were detected in the computers of the U.S. Treasury Department, and the Department is pointing a finger at China.

0:42.0

Treasury says it learned of what it terms a major incident on December the 8th. Marketplace's Nancy Marshall-Genser joins us now with more.

0:50.2

Well, David, in a letter to the Senate Banking Committee, Treasury officials say beyond trust, a software service provider told them about the hack.

0:59.3

Treasury says what it calls a threat actor got a hold of a key beyond trust used to secure a cloud-based service.

1:06.1

The hackers use that key to remotely access some Treasury Department workstations and unclassified documents.

1:14.4

And Treasury is suggesting China is behind this?

1:18.6

Yeah, the letter says the incident has been attributed to a China state actor.

1:24.0

The letter says there's no evidence.

1:25.9

The hackers are still accessing Treasury information. and Treasury has taken the compromised service offline.

1:33.4

Now, this latest incident that's come to light is on top of a different hacking operation we've been covering.

1:39.2

Also, apparently, with links to China, who is targeted in the other one?

1:44.0

Yeah, that hack is nicknamed Salt Typhoon,

1:48.2

and it was aimed at senior federal officials and politicians. They're being urged to use

1:53.6

end-to-end encrypted communications like signal that have features like disappearing messages and

1:59.7

images. All right, Washington correspondent, Nancy Marshall Genser. Thank you.

...

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