The Federal Trade Commission (FTC) is reportedly set to move forward with an 澳洲幸运5官方开奖结果体彩网:antitrust lawsuit against Amazon and the European Union designated several tech giants as “gatekeepers” under its new digital markets law. He🌟re’s what investors need to know today.

1. FTC Set to Move Forward With Amazon Antitrust Sui🗹💯t

The FTC is reportedly set to file an antitrust lawsuit against Amazon (AMZN) later this month after Amazon officials failed to offer concessions to the regulatory agency at a key meeting in August. The lawsuit will focus on several of Amazon’s business practices, including its logistics program and pricing on Amzon.com by third-party sellers. Shares of Amazon were down 0.8% in pre-market trading.

2ꩵ. EU Applies ‘Gatekeeper’ Designa𒉰tion to Several Large Tech Firms

The European Union has listed several tech giants as “gatekeepers” under its 澳洲幸运5官方开奖结果体彩网:Digital Markets Act, subjecting the companies to a new set of rules designed to open up more competition. The decision by the European Commission will designate Amazon, Apple, Alphabet, Meta Platforms, Microsoft and TikTok-owner ByteDance as “gatekeepers,” which the EU views as restricting access to core services, like online search, advertising, and messaging.

3. Kroger, Alb🧸ertsons in Talks to Sell Stores in Preparation for Merger

With the backing of SoftBank Group, C&S Wholesale Grocers is reportedly near a deal to acquire stores that Kroger (KR) and Albertsons Companies (ACI) are attempting to sell in order to meet the regulatory requirements for their 澳洲幸运5官方开奖结果体彩网:proposed $25 billion merger. The two grocery chains are looking to sell between 250 to 300 stores to address antitrust worries. Shares of Albertsons were up 1.5% in pre-market trading, and Kroger shares were up 1.4%.

4. GitLab Shares Jump🎉 on Higher Revenues From AI Platform

GitLab (GTLB) shares jumped more than 5% in pre-market trading after the software development platform outperformed analyst estimates in its quarterly earnings report. On the strength of its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) powered DevSecOps platform, the company reported first-quarter revenue of $126.9 million, above the $87.4 million in revenue from the same quarter last year, and better than analysts' forecast of $117.8 million, while GitLab’s forecast of $129 million to $130 million in revenue for the second quarter beat estimates of $127 million.

5. Fed Sꦅet to Release Latest Beige Book Ahead of Next Meeting

Investors will get a look at the Federal Reserve’s latest data on economic conditions when it releases the quarterly 澳洲幸运5官方开奖结果体彩网:Beige Book today at 2 p.m. ET, ahead of its next meeting in two weeks. Also today, at 8:30 a.m. ET,  data is expected to show the U.S. trade deficit increased in July to $68.3 billion, up from $65.5 billion the month prior, and at 10 a.m. ET, the 澳洲幸运5官方开✱奖结果体彩网:Institute of Suꦗpply Management (ISM) Services 澳洲幸运5官方开奖结果体彩网:Purchasing Managers' Index (PMI) for August is expected to remain at 52.7%.