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Amazon lawsuit protects ‘free and fair competition,’ says FTC Chair Lina Khan (www.cnbc.com)

One day after filing a massive antitrust lawsuit against Amazon, Federal Trade Commission Chair Lina Khan defended the agency’s decision to pursue the company and explained how its use of monopoly power allowed it to leverage an effective 50% tax on sellers....

Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts 'intense competition' (www.cnbc.com)

Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’::China’s Nio has been hit by weak consumer sentiment in the world’s second-largest economy, stiff competition and a price war started by Elon Musk’s Tesla.

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