- The Federal Trade Commission will disclose their conclusions on the tech platforms’ business deals that were sometimes too small to prompt antitrust review, Reuters reports.
- The FTC will hear about Big Tech acquisitions done between 2010 and 2019.
- The tech companies involved include Facebook Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), and Microsoft Corp (NASDAQ:MSFT).
- The FTC has already prosecuted Facebook for allegedly breaking antitrust law and sought to undo its deals for photo sharing app Instagram and messaging app WhatsApp.
- The FTC could impose stricter guidelines by scrapping vertical deals, which combine a company with one of its suppliers.
RLI Q2 EPS $1.09 Beats $0.75 Estimate
RLI (NYSE:RLI) reported quarterly earnings of $1.09 per share which beat the analyst consensus estimate of $0.75 by 45.33 percent. This is a 41.56 percent increase over earnings of $0.77 per share from the same period
