In a federal court on Monday, Microsoft CEO Satya Nadella testified against rival Google, accusing the company of monopolizing the online search market. Nadella claimed that Google has illegally taken control of the search market, impeding competition from Microsoft’s search engine, Bing. Despite the challenges, Nadella stated that Microsoft remains persistent and committed to search. The Justice Department is currently suing Google for its alleged antitrust violations and the trial is expected to last until November.
Major pharmaceutical companies, including Merck and AstraZeneca, have participated in Medicare drug price negotiations by submitting cost and sales data on their drugs to the government. While the companies have expressed concerns that price negotiations could impact innovation and revenue, market analysts believe that the impact on the pharmaceutical industry will not be significant. The negotiations aim to lower drug prices and make healthcare more affordable for Medicare beneficiaries.
Congressman Matt Gaetz, a Republican from Florida, has filed a motion to oust House Speaker Kevin McCarthy, citing dissatisfaction with McCarthy’s collaboration with Democrats on a short-term spending deal. Gaetz leads a faction of conservative Republicans and believes that he has enough support to remove McCarthy from his position. However, it remains uncertain whether Gaetz will succeed, as Democrats are considering whether to support McCarthy. McCarthy responded to Gaetz’s motion on social media, simply stating, “Bring it on.”