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FEATURES

Our Antitrust Town Hall Draws Nearly 400 Small Businesses

MARY TIMMEL and KATY MILANI  |   FEB. 22, 2021

Nearly 400 people tuned into our lively town hall on February 22nd, which detailed how Amazon’s growing dominance hurts independent businesses and what Congress must do to curb monopoly power.

The event, which was sponsored by 17 small business groups, featured Congressman David Cicilline, along with leading antitrust experts and small business advocates.

Business owners shared their stories and engaged speakers with insightful questions — including how to break up Amazon. Rep. Cicilline assured the audience that he and his colleagues have a plan: “We intend, in Congress, to seize this moment… to address this monopoly challenge we face in our country, because our failure to do so is not an option.”

Sign up to fight for fair markets.                                                            Watch the event.

FEATURES

How the FTC Protected the Market Power of Pharmacy Benefit Managers

STACY MITCHELL and ZACH FREED  |   FEB. 19, 2021

The Federal Trade Commission has long protected the power of a few dominant drug middlemen, like CVS, to crush local pharmacies and fleece Medicaid programs. In ProMarket, Stacy Mitchell and Zach Freed look at how the FTC not only failed to act — but worked to stop states from doing so.
Read the article.

UPCOMING EVENTS

  • On March 11, Kennedy Smith will close the North Carolina Main Street's annual conference with a keynote address. She will highlight how Covid-19 could impact main streets across the U.S. and what communities can do about it. Register Here.

WHAT WE’VE BEEN UP TO

  • Last week Bloomberg and Publishers Weekly covered our Town Hall event with Rep. Cicilline. Publishers Weekly quoted Stacy explaining Amazon’s power. “They have effectively constructed a God-like view of what is happening in the economy."
  • With Jeff Bezos shifting his role at Amazon, The Financial Times quoted Stacy about how Wall Street powered Amazon’s dominance by allowing it to lose billions of dollars. “Bezos was given this incredibly long leash, selling books at a loss. Independent bookstores could have multiplied across the country with that business model. But of course, they weren’t allowed to lose money.”
  • Stacy was also quoted in Interesting Engineering about Amazon’s employee surveillance: “You've always got somebody right behind you who's ready to take your job."
  • The Seattle Times cited our Amazon’s Monopoly Tollbooth report in a piece about its platform power. The Wall Street Journal also cited the report in an article about Amazon's acquisition of Selz, a Shopify competitor. 

ICYMI

In The Washington Post, Stacy Mitchell explains why West Virginia and North Dakota are leading the nation in vaccine delivery — they opted to rely on independent pharmacies, rather than the chains. “Independent pharmacies — like local banks, family farms, and other small businesses — possess “economies of small scale,” she writes. “It’s their local ownership that makes all the difference.”
Read the article.

NEWS STORIES WE'RE FOLLOWING

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