{"id":195683,"date":"2019-12-05T14:12:55","date_gmt":"2019-12-05T14:12:55","guid":{"rendered":"https:\/\/usa.timesofnews.com\/elizabeth-warren-is-preparing-a-plan-to-ban-mega-mergers-allow-gig-workers-to-unionize.html"},"modified":"2019-12-05T14:12:55","modified_gmt":"2019-12-05T14:12:55","slug":"elizabeth-warren-is-preparing-a-plan-to-ban-mega-mergers-allow-gig-workers-to-unionize","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/elizabeth-warren-is-preparing-a-plan-to-ban-mega-mergers-allow-gig-workers-to-unionize.html","title":{"rendered":"Elizabeth Warren is preparing a plan to ban mega mergers, allow gig workers to unionize"},"content":{"rendered":"

Senator and presidential hopeful Elizabeth Warren<\/a> is drafting a bill that would ban “mega mergers” between the nation’s largest companies as well as try to improve the bargaining power of short-term and temporary workers.<\/p>\n

The forthcoming legislation, a collaborative effort with Rep. David Cicilline of the House antitrust subcommittee, would bar tie-ups including a company with over $40 billion in annual revenue or two companies each with at least $15 billion in annual revenue, according to a person familiar with the matter.<\/p>\n

It would also grant gig workers the power to unionize, a potential landmark change for rail-hailing companies like Uber Technologies and Lyft, the person told CNBC. Bloomberg News first reported that Warren and Cicilline were working on the legislation.<\/p>\n

The proposal would broaden antitrust law beyond the 40-year-old consumer welfare standard, the framework that has dictated antitrust policy in the U.S. for a generation. Under existing regulation, the federal government’s antitrust policies assess mergers based on their potential to hurt American consumers with monopolistic prices or diminished quality.<\/p>\n

Warren and Cicilline’s legislation would, in addition, compel the government to also weigh potential impact on workers and entrepreneurs.<\/p>\n

But early response to the proposal suggested not only that the Democrats would have a hard time convincing their Republican peers to support such a measure, but that debate would have to wait until after the impeachment process against President Donald Trump<\/a>.<\/p>\n

“The numbers she has \u2014 the $40 billion in sales, no mergers beyond that \u2014 what decade does she think we’re living in?” asked Republican and longtime political activist Grover Norquist. “We’re not living in a time in a time with small companies competing in the world. American leadership has larger companies. It’s really an odd 1910 world view.”<\/p>\n

Article source: https:\/\/www.cnbc.com\/2019\/12\/05\/elizabeth-warren-preparing-plan-to-ban-mega-mergers-review-past-deals.html<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"

Senator and presidential hopeful Elizabeth Warren is drafting a bill that would ban “mega mergers” between the nation’s largest companies as well as try to improve the bargaining power of short-term and temporary workers. The forthcoming legislation, a collaborative effort with Rep. David Cicilline of the House antitrust subcommittee, would bar tie-ups including a company […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-195683","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/195683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=195683"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/195683\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=195683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=195683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=195683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}