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Corporations Weighing Broadened Criteria for Political Donations

Many companies, groups paused PACs after attack on Capitol Reviewing metrics for contributing that includes other issues March 11, 2021 5:00 AM By Megan R. Wilson Employees and shareholders are poised to have more influence over how dollars flow from business political action committees, as corporations and trade associations re-examine their approaches to political giving in the wake of the insurrection at the Capitol. In the days after Jan. 6, at least 27 business PACs announced policies that would take the election certification vote into account when making donations, according to an analysis by Bloomberg News and Bloomberg Government. At least 40 more halted all PAC contributions. Republicans ended up challenging election certifications in Arizona and Pennsylvania, with 147 GOP lawmakers voting for one or both objections.

Biden flashes warning to Big Tech as US antitrust team takes shape

The Khan and Wu appointments come as the Internet platforms are facing a reckoning in Washington that could transform the industry. AFP US President Joe Biden’s plan to put two progressive antitrust scholars in top positions signals an aggressive approach to combating corporate consolidation and monopoly power, especially that wielded by technology giants such as Alphabet Inc’s Google and Facebook Inc. Biden’s team is vetting Lina Khan, a Columbia Law School professor who specialises in antitrust law, to serve as a member of the Federal Trade Commission, according to people familiar with the matter. Last week, he named another Columbia law professor, Timothy Wu, to join the National Economic Council as a special assistant on technology and competition policy.

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