Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Some techies back Khan amid replacement calls  Some supporters of Vice President Harris praised Federal Trade Commission (FTC) Chair Lina Khan during a tech-focused fundraiser in San Francisco.  © Greg Nash The “Little Tech for Harris” reception was hosted by Yelp CEO Jeremy Stoppelman, Y Combinator CEO Garry Tan and the CEO of enterprise cloud company Box, Aaron Levie.     Speaker Emerita Nancy Pelosi (D-Calif.) headlined the event, during which some tech executives, including Stoppelman, applauded Khan, according to a person who attended the fundraiser.    Khan has pursued an ambitious antitrust agenda, and Stoppelman commended the Biden administration’s efforts on this issue, including those of Jonathan Kanter, the head of the Department of Justice’s antitrust division.    The comments come amid pressure from some Democratic donors to have Harris replace Khan if she wins the White House in November, which progressives have warned would provoke a “furious” response if the FTC loses the administration’s support for antitrust enforcement or axes Khan.    Harris, who previously represented California in the Senate, has ties to the tech community and has raised money at fundraisers featuring venture capitalists, tech billionaires and CEOs.     LinkedIn co-founder Reid Hoffman and Barry Diller, the chair and senior executive of IAC and Expedia Group, have both donated to the Harris campaign. Bot have also called on Harris to replace Khan.     Hoffman, a Democratic mega-donor, has gone as far as to accuse Khan of “waging war on American business.”    The Hill’s Filip Timotija has more here.    Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   Judge rules Google must open Android app store to competitors A federal judge ruled Monday that Google must open the Play Store to rival third-party Android app stores.   Full Story   Banking, retail groups most effective on policy in 2024: Survey The perceived effectiveness of trade associations ticked up in 2024 following two consecutive years of decline, according to an APCO survey released Tuesday.  Full Story   States sue TikTok, alleging platform is addictive, harms kids’ mental health More than a dozen states and the District of Columbia sued TikTok on Tuesday, alleging the platform exploits and harms young users while “deceiving” the public about these dangers.  Full Story   Bottom Line: Former Illinois congresswoman lobbies for grants for Prairie State city State watch The ​City of East Moline, Ill., hired former Illinois Rep. Cheri Bustos (D) at Mercury Public Affairs to lobby for grants. Bustos, a former member of the House Appropriations Committee, joined the firm after she left Congress in early 2023.  Full Story   The Ticker  Upcoming news themes and events we're watching: Federal Reserve Vice Chair Philip Jefferson is set to deliver remarks on Wednesday at the Charlotte Economics Club Lunch in Charlotte, N.C., at 12:30 pm E.T.  The Federal Open Market Committee on Wednesday will release minutes of its Sept. 17-18 meeting at 2 pm E.T.    In Other News  Branch out with more stories from the day: Airlines say they’re capping fares in the hurricane’s path as Biden warns against price gouging A few airports in Florida began closing and airlines canceled hundreds of flights on Tuesday ahead … Full Story   Good to Know  Business and economic news we've flagged from other outlets: S&P 500 jumps nearly 1%, Dow adds 100 points as cooler oil prices lift stocks (CNBC)  What these homebuyers and owners told us an interest rate cut means to them (CNN)  Hurricane Milton Is About to End Tampa’s Century of Good Luck (Bloomberg)    What Others are Reading  Top stories on The Hill right now: DeSantis pushes back on ‘delusional’ Harris remark about Hurricane Milton calls Florida Gov. Ron DeSantis (R) said Monday that it was “delusional” for Vice President Harris to accuse him of “political gamesmanship” after reports emerged that he did not take the Democratic presidential nominee’s calls as his state braces for Hurricane Milton. Read more Harris, DeSantis trade barbs as Hurricane Milton bears down Vice President Harris and Florida Gov. Ron DeSantis (R) are trading barbs as Hurricane Milton bears down on the Sunshine State and as election-year politics looms over the response to severe weather that has hammered swaths of the East Coast. Read more   What People Think  Opinions related to business and economic issues submitted to The Hill: A fiscal compromise to get the federal debt under control The imagined national debt crisis: A long-running distraction      You're all caught up. See you tomorrow!  Check out The Hill's Business page for the latest coverage. Like this newsletter? 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Welcome to The Hill's Business & Economy newsletter {beacon} View Online Business & Economy Business & Economy   The Big Story  Some techies back Khan amid replacement calls  Some supporters of Vice President Harris praised Federal Trade Commission (FTC) Chair Lina Khan during a tech-focused fundraiser in San Francisco.  © Greg Nash The “Little Tech for Harris” reception was hosted by Yelp CEO Jeremy Stoppelman, Y Combinator CEO Garry Tan and the CEO of enterprise cloud company Box, Aaron Levie.     Speaker Emerita Nancy Pelosi (D-Calif.) headlined the event, during which some tech executives, including Stoppelman, applauded Khan, according to a person who attended the fundraiser.    Khan has pursued an ambitious antitrust agenda, and Stoppelman commended the Biden administration’s efforts on this issue, including those of Jonathan Kanter, the head of the Department of Justice’s antitrust division.    The comments come amid pressure from some Democratic donors to have Harris replace Khan if she wins the White House in November, which progressives have warned would provoke a “furious” response if the FTC loses the administration’s support for antitrust enforcement or axes Khan.    Harris, who previously represented California in the Senate, has ties to the tech community and has raised money at fundraisers featuring venture capitalists, tech billionaires and CEOs.     LinkedIn co-founder Reid Hoffman and Barry Diller, the chair and senior executive of IAC and Expedia Group, have both donated to the Harris campaign. Bot have also called on Harris to replace Khan.     Hoffman, a Democratic mega-donor, has gone as far as to accuse Khan of “waging war on American business.”    The Hill’s Filip Timotija has more here.    Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   Judge rules Google must open Android app store to competitors A federal judge ruled Monday that Google must open the Play Store to rival third-party Android app stores.   Full Story   Banking, retail groups most effective on policy in 2024: Survey The perceived effectiveness of trade associations ticked up in 2024 following two consecutive years of decline, according to an APCO survey released Tuesday.  Full Story   States sue TikTok, alleging platform is addictive, harms kids’ mental health More than a dozen states and the District of Columbia sued TikTok on Tuesday, alleging the platform exploits and harms young users while “deceiving” the public about these dangers.  Full Story   Bottom Line: Former Illinois congresswoman lobbies for grants for Prairie State city State watch The ​City of East Moline, Ill., hired former Illinois Rep. Cheri Bustos (D) at Mercury Public Affairs to lobby for grants. Bustos, a former member of the House Appropriations Committee, joined the firm after she left Congress in early 2023.  Full Story   The Ticker  Upcoming news themes and events we're watching: Federal Reserve Vice Chair Philip Jefferson is set to deliver remarks on Wednesday at the Charlotte Economics Club Lunch in Charlotte, N.C., at 12:30 pm E.T.  The Federal Open Market Committee on Wednesday will release minutes of its Sept. 17-18 meeting at 2 pm E.T.    In Other News  Branch out with more stories from the day: Airlines say they’re capping fares in the hurricane’s path as Biden warns against price gouging A few airports in Florida began closing and airlines canceled hundreds of flights on Tuesday ahead … Full Story   Good to Know  Business and economic news we've flagged from other outlets: S&P 500 jumps nearly 1%, Dow adds 100 points as cooler oil prices lift stocks (CNBC)  What these homebuyers and owners told us an interest rate cut means to them (CNN)  Hurricane Milton Is About to End Tampa’s Century of Good Luck (Bloomberg)    What Others are Reading  Top stories on The Hill right now: DeSantis pushes back on ‘delusional’ Harris remark about Hurricane Milton calls Florida Gov. Ron DeSantis (R) said Monday that it was “delusional” for Vice President Harris to accuse him of “political gamesmanship” after reports emerged that he did not take the Democratic presidential nominee’s calls as his state braces for Hurricane Milton. Read more Harris, DeSantis trade barbs as Hurricane Milton bears down Vice President Harris and Florida Gov. Ron DeSantis (R) are trading barbs as Hurricane Milton bears down on the Sunshine State and as election-year politics looms over the response to severe weather that has hammered swaths of the East Coast. Read more   What People Think  Opinions related to business and economic issues submitted to The Hill: A fiscal compromise to get the federal debt under control The imagined national debt crisis: A long-running distraction      You're all caught up. See you tomorrow!