US Senate's Latest Antitrust Bill Targets Amazon, Apple, Google: CNBC

Sen. Amy Klobuchar, D-Minn., the Senate Judiciary subcommittee Chair on antitrust, will soon introduce a major antitrust bill aimed at Big Tech offering more choice to the consumers, CNBC reports.
Judiciary Committee Ranking Member Chuck Grassley, R-Iowa, will also back the bill launch.
“Our bill will help create a more even playing field and ensure that small businesses are able to compete with these platforms,” Grassley said.
House Judiciary subcommittee on antitrust Chairman David Cicilline, D-R.I. will introduce a bill similar to the American Innovation and Choice Online Act prohibiting dominant online platforms from discriminatory behavior.
The bill would have profound implications for companies like Amazon.com Inc AMZN, Apple Inc AAPL, and Alphabet Inc GOOG GOOGL Google, who allegedly ranked their products higher than rivals’ in their marketplaces to generate more profits for themselves.
Travel or local search sites like Yelp Inc YELP and TripAdvisor Inc TRIP accused of Google unfairly lowering their links in search results in favor of prime placement of its Google Maps tool. The tech majors have denied the allegations.
Price Action: YELP shares traded higher by 4.07% at $39.64 on the last check Thursday.