FTC’s suit against Amazon, Biden visits autoworkers: Yahoo Finance Live

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The FTC, along with 17 states, has filed an antitrust lawsuit against Amazon, alleging that the tech giant used its “monopoly power” to inflate prices, which has harmed consumers. Meanwhile, President Biden visited UAW members who are still striking against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Other trending tickers on Yahoo Finance today include Fisker (FSR), Sirius XM Holdings (SIRI), and Rivian (RIVN).3:05 p.m. ET - Mozelle Thompson, Former FTC Commissioner 3:35 p.m. ET - Michael Linford, Affirm CFO3:45 p.m. ET - Ann Berry, Threadneedle Strategies Founder4:05 p.m. ET - Senator Ron Johnson (R- Wisconsin)4:20 p.m. ET - Dr. Zeke Emanuel, Vice Provost for Global Initiatives at The University of Pennsylvania and Chair of the Department Of Medical Ethics and Health Policy

You'll be surprised to learn that Dubai has these ten things...Chancellor Olaf Scholz on Monday set out Germany's ambitions to become a strategic production centre for sustainable jet fuel and to lure future investment to build on its importance as one of Airbus' main planemaking centres.

FRANKFURT, Germany — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against inflation and feeds Russia's war chest. That poses problems for politicians as well as the people having to spend more to get to work, transport the world's goods or harvest fields.

 

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What Amazon's up to $4B commitment to Anthropic could mean for AI spaceAmazon (AMZN) has made an investment in the AI firm Anthropic, announcing their willingness to commit up to $4 billion this morning. Anthropic will utilize Amazon's Web Services (AWS) along with their custom chips to facilitate the training and deployment of their AI models. SmartEye Deputy CEO, Dr. Rana el Kaliouby, sees this as a beneficial move for both Anthropic and Amazon, highlighting how it allows Amazon Web Services to partner with other companies and introduce Anthropic's technology to those already using Amazon's data services. 'Amazon, like many other companies, was caught flat-footed by the release of ChatGPT back in November', Chris Callison-Burch, Associate Professor at the University of Pennsylvania’s School of Engineering, tells Yahoo Finance on AI investment trends, adding: 'But, I think this is a really excellent strategic move that will help them catch up.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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