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APPLE INC.

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U.S. senator says working on companion bills to House antitrust measures

06/15/2021 | 11:06am EDT
FILE PHOTO: Senate Judiciary Subcommittee Hearing in Washington

WASHINGTON (Reuters) - Senator Amy Klobuchar, who chairs the Senate antitrust subcommittee, said that work is underway on companion legislation to antitrust bills introduced in the U.S. House of Representatives last week.

While none of the four tech-focused House antitrust bills introduced Friday have a Senate companion, Klobuchar said late Monday that she expected that to change. "I think you'll see a number of bills introduced in the Senate," she said, but declined to elaborate.

Two of the bills introduced last week address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc's Google, creating a platform for other businesses and then competing against those same businesses.

A third would require a platform to refrain from any merger unless it can show the acquired company does not compete with any product or service the platform is in. A fourth would require platforms to allow users to transfer their data elsewhere if they desire, including to a competing business.

The House members also introduced a fifth bill which is a companion to a Klobuchar measure that has already passed the Senate and would increase the budgets of antitrust enforcers and make companies planning the biggest mergers pay more.

(Reporting by Diane Bartz; Editing by Marguerita Choy)

By Diane Bartz


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.58% 2660.3 Delayed Quote.51.79%
AMAZON.COM, INC. 0.51% 3656.64 Delayed Quote.12.27%
APPLE INC. 1.20% 148.56 Delayed Quote.11.96%
FACEBOOK INC 5.30% 369.79 Delayed Quote.35.37%
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Financials (USD)
Sales 2021 356 B - -
Net income 2021 86 983 M - -
Net cash 2021 45 805 M - -
P/E ratio 2021 28,7x
Yield 2021 0,57%
Capitalization 2 479 B 2 479 B -
EV / Sales 2021 6,84x
EV / Sales 2022 6,53x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Last Close Price 148,56 $
Average target price 157,14 $
Spread / Average Target 5,78%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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