Inside Big Tech: Pulling back the curtain with ‘hot’ email
WASHINGTON — A US House committee has obtained more than a million internal documents from Facebook, Amazon, Google and Apple in its yearlong investigation of Big Tech’s market dominance. Lawmakers played back the words from the documents to the four companies’ CEOs at a highly charged hearing. Experts say the “hot documents” don’t guarantee successful legal action by regulators who are investigating the four tech companies. But they can be very useful. The Justice Department, the Federal Trade Commission and state attorneys general are pursuing competition probes. “Thank you, Mr. Zuckerberg, you’re making my point,” a lawmaker told Facebook CEO Mark Zuckerberg.
Services sector index increases to 17-month high
WASHINGTON — Activity in the services sector, where most Americans work, hit a 17-month high in July but economists fear that may be unsustainable because of the failure in the US to contain COVID-19 infections. The Institute for Supply Management said Wednesday that its service sector index rose to a reading of 58.1, up from a June level of 57.1. It was the highest since the index stood at 58.5 in February 2019. Any reading above 50 means that the service sector is expanding.
Fiat Chrysler to recall polluting vehicles
DETROIT — About 1 million Fiat Chrysler vehicles with four-cylinder engines in the US may spew too much pollution, and the company is working with government officials on a recall. Fiat Chrysler says in a quarterly filing with securities regulators that it found the excess pollution during tests of vehicles with 2.4-liter “Tigershark” engines. The engines date to at least 2013 and are used in several Jeep SUVs as well as some cars. FCA said in the filing with the Securities and Exchange Commission that it notifed the Environmental Protection Agency and it’s working on a solution. The EPA said in a statement Wednesday that the vehicles will be recalled.
The issue is not connected with any other emissions problem and the EPA does not plan any enforcement action against the company, Fiat Chrysler spokesman Eric Mayne said.