Nov 12, 2024
Welcome to The Hill's Technology newsletter {beacon} Technology Technology   The Big Story  Big Tech will face continued scrutiny under Trump Lina Khan’s controversial tenure as Federal Trade Commission (FTC) chair seems at an end with President-elect Trump’s win last week, but experts cautioned that Big Tech is not in the clear under a second Trump presidency. © Greg Nash Khan's likely exit removes a massive thorn in the side of large tech firms that have faced additional scrutiny under her leadership.   However, the populist bent of Trump and his allies could keep antitrust enforcement at the forefront.    “Trump is a populist, and he’s a populist in every sense of the word, including antitrust policy,” Matthew Cantor, an antitrust lawyer with Shinder Cantor Lerner, told The Hill.    “I think that there will be a continued push on antitrust issues — maybe not a Lina Khan-like pushing of the envelope — but there will be a continued priority placed on antitrust enforcement,” he added.    Khan has led the Biden administration’s aggressive antitrust push, blocking what she views as anticompetitive mergers and suing corporate giants for alleged anticompetitive practices.    Her policies have often drawn the ire of the business community, even making her flashpoint among Democrats.     After Vice President Harris stepped into the White House race in July, several major Democratic donors, including LinkedIn co-founder Reid Hoffman and IAC chair Barry Diller, urged her to remove Khan if elected.   The heat on the FTC chair prompted her progressive supporters, like Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), to jump to her defense. Ocasio-Cortez last month promised an “out and out brawl” if “anyone goes near Lina Khan.”    As parts of the Republican Party increasingly embrace populism, Khan’s more forceful approach to antitrust enforcement has been welcomed by some from the other side of the aisle.    Vice President-elect Vance touted the FTC chair’s record in February, saying that she was doing a “pretty good job.”   “A lot of my Republican colleagues look at Lina Khan … and they say, well Lina Khan is sort of engaged in some sort of fundamental evil thing," the Ohio Republican said at a Bloomberg forum.   "I guess I look at Lina Khan as one of the few people in the Biden administration that I think is doing a pretty good job,” he continued.   Despite Vance’s praise for Khan, she seems unlikely to remain on in a second Trump administration.   Even so, certain sectors, including tech and pharmaceuticals, are expected to remain top targets for antitrust enforcement under the president-elect.   Read more in a full report at TheHill.com.   Welcome to The Hill’s Technology newsletter, we're Julia Shapero and Miranda Nazzaro — tracking the latest moves from Capitol Hill to Silicon Valley.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  How policy will be impacting the tech sector now and in the future:   Musk says PAC will ‘keep grinding’ through midterms Tech billionaire Elon Musk said early Tuesday that his political action committee (PAC), America PAC, will continue working to support Republicans through the midterm elections and will be involved in primary contests. “Normally, PACs go somewhat dormant after a big election,” Musk wrote in a post on the social platform X, which he owns. “@America PAC is going to do the opposite and keep grinding, increasing Republican registrations …  Full Story   What to expect for AI under Trump President-elect Trump’s return to the White House has those in the artificial intelligence (AI) industry preparing for potential cutbacks in regulation and federal funding.  From the launch of ChatGPT to the increased use of deepfakes, AI rapidly developed over the past four years, and Trump is heading back to the Oval Office amid a very different tech landscape.  While offering few specifics about his plans …  Full Story   Musk tops Fortune list of most powerful in business Fortune on Tuesday named billionaire tech mogul Elon Musk as the most powerful person in business of 2024. Musk topped the outlet’s list of the 100 most powerful people in business, followed by Nvidia CEO Jensen Huang, Microsoft chair and CEO Satya Nadella, Berkshire Hathaway chair and CEO Warren Buffett, and JPMorgan Chase CEO Jamie Dimon.  Rounding out the top 10 are several more tech leaders — Apple CEO Tim Cook, Meta CEO …  Full Story   Lichtman blames bad election prediction on disinformation, Elon Musk Historian and political scientist Allan Lichtman is blaming disinformation and billionaire tech mogul Elon Musk for his incorrect prediction that Vice President Harris would win the presidency. “Number one, disinformation. We’ve always had disinformation, but disinformation has exploded to an unprecedented degree. You talked about a grievance election, but a lot of that grievance was driven by disinformation,” …  Full Story   The Refresh  News we've flagged from the intersection of tech and other topics:   Trump likely to try to stop TikTok ban Trump is expected to attempt to halt a potential ban of the app TikTok in the United States once back in office, The Washington Post reports.    OpenAI 's Brockman returns after hiatus  OpenAI co-founder Greg Brockman is back at OpenAI after taking three months of leave as president, Bloomberg reports.    On Our Radar  Upcoming news themes and events we're watching: Sen. Amy Klobuchar (D-Minn.) will lead an event at the Capitol with tech advocacy firms and other lawmakers Wednesday in a push for pro-competition laws and aggressive antitrust enforcement. The Cyber Regulation and Harmonization Conference will kick off Wednesday in New York City to discuss cybersecurity regulation.   What Others are Reading  Two key stories on The Hill right now: John Ratcliffe chosen as Trump’s pick to lead CIA President-elect Trump announced Tuesday that he will nominate John Ratcliffe, his former head of intelligence, to lead the CIA. Ratliffe, a former … Read more Trump’s House GOP picks have Republicans worried House Republican leaders facing another razor-thin majority in the upcoming Congress are hoping President-elect Trump will not tap any more House GOP … Read more   What Others are Reading  Opinions related to tech submitted to The Hill: Federal telework improves productivity. Why is Congress so desperate to limit it? On lame-duck AI bill, Congress shouldn’t push too far     You're all caught up. See you tomorrow! 
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