Thursday, September 28th, 2023

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