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Covid-19 Sentry

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Contents

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From Preprints

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From Clinical Trials

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From PubMed

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From Patent Search

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Daily-Dose

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Contents

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From New Yorker

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From Vox

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+Google and Facebook (and increasingly Amazon) control so much of the ad market that small businesses looking to reach customers online don’t have many good options of other places to go. They’re subject to the whims of algorithms, and if the algorithm turns against them and suddenly their reach falls, then they are compelled to buy more ads. The middleman position in an increasing number of cases is a monopolistic one. +

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+“Then they use this as an idea that we help small businesses, so anything you do to curb our monopoly power will harm small businesses, which is just not true,” Hubbard, who recently published Monopolies Suck, said. “The more options for middlemen these companies have, the better bargaining power they can have with these middlemen.” +

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+ Tim Clayton/Corbis via Getty Images +
+A view of a Google advertisement in Time Square, New York City on March 7, 2018. +
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+Agricultural monopolies have crowded out small farmers, with the agricultural giant Monsanto going so far as to sue smaller operations to protect patent rights on its seeds. Gore-Tex, which makes breathable fabric, has repeatedly been accused of using unfair business practices, including refusing to work with companies that also worked with competing fabric technologies. Live Nation Entertainment, which was created when Live Nation and TicketMaster merged more than a decade ago, has a stranglehold over basically the entire live music industry. Venues and artists have little option but to comply with whatever guidelines it sets. +

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+To be sure, the romanticized vision of small business can conceal the fact that smaller is not always better. A small-business boss does not always mean a good business boss, and indeed, small businesses are the ones complaining loudest about higher wages and unemployment. Big companies aren’t always the villains they’re made out to be — they have big budgets that can allow them to really invest in research and development and innovate, and the jobs they create can be a lot more stable than jobs at startups with high rates of failure. The problem isn’t that big corporations exist; it’s that they are often keeping everyone else down. +

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+“These companies are the ones deciding who are the winners and losers in these marketplaces, so you’re not really seeing the best ideas and products and services because they are determining that for you,” Hegde said. +

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+Want to support small business? Call your senator. +

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+It’s good to support your local businesses. If you can call the restaurant instead of ordering through GrubHub, try it. If you can buy from your local bookstore instead of ordering from Amazon online, sure. But there’s only so much individual consumers can do. +

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+Unraveling the way dominant corporations use their power, often in order to stunt competition and small business, is much more a question of policy and enforcement question than of individual decision. +

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+Anti-monopoly experts and advocates argue that much of the issue is just enforcing the laws that are on the books. Antitrust enforcement has become quite lax since the 1980s, and it’s hard not to wonder whether many mergers should have been allowed to go through. (Though that’s not just a matter of the FTC or Justice Department but also a question of the courts.) +

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+“There’s a whole suite of things that can be done, and I think one good place to start is reinvigorating our antitrust laws. We have laws against unfair methods of competition and monopolization, and they have not been enforced. We need to enforce them,” Hegde said. +

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+There’s no single solution, but as attention grows on just how big some businesses are getting, there are multiple efforts underway for lawmakers and regulators to at least try to try. +

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+Lina Khan, the new chair of the FTC, is a longtime Big Tech critic, and her appointment is a signal that tougher enforcement may be on the way. House lawmakers also just introduced a set of bills aimed at curbing technology companies’ power. Antitrust probes are underway at the state and federal level against some tech giants. In New York, legislation has been introduced in the state legislature that aims to put in place an “abuse of dominance” standard to examine business practices. It’s passed the state Senate. +

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+“It’s not just antitrust, it’s not just breaking them up, but it’s rules like nondiscrimination and neutrality rules,” Hubbard said. Basically, whatever the size of Amazon, it shouldn’t be able to copy someone’s products and then put that copy at the top of the search results list. +

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+Big versus small is a persistent dynamic in the American economy. And, again, while big isn’t always bad and small isn’t always good, it’s important to look under the hood once in a while to see what’s actually going on. It’s lovely of Facebook to help small businesses get set up online during the pandemic, but Facebook is doing it to make money, not out of kindness. And if one of those small businesses starts to pose a threat, the tech giant will squash it like a bug. +

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From The Hindu: Sports

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From The Hindu: National News

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From BBC: Europe

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From Ars Technica

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From Jokes Subreddit

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