✉news BusinessBusiness first seen 11 h ago, last 8 h ago, peak #25
Newsom signs California anti-monopoly bill weakened by business lobby
Original: Newsom just signed California’s anti-monopoly bill. Big business watered it down
California Governor Gavin Newsom has signed the state's anti-monopoly bill into law, but the final version is significantly weaker than originally proposed. According to CalMatters, business groups successfully lobbied to water down the measure before it reached his desk. The law still targets corporate consolidation in the largest US state economy, but critics say key enforcement provisions were stripped out during negotiations.
Why now: The bill's signing, and the lobbying that weakened it, has fresh relevance for debates over corporate power and state regulation.
Gavin NewsomCaliforniaCalMatters
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