🖊️ Biden’s Big Business battle

PLUS: A wild new patent from Amazon. June 12, 2021 [The Hustle] [The Hustle]( This might be the easiest giveaway to enter, ever... Get a shot at winning swag from The Hustle by personalizing your [Snippets]( (our section with quick hits from around the web). Your reward: personalized news to help you tackle the day and a chance to win free Hustle gear. Full details at the bottom of this email.👇 The big idea [President Biden]( President Biden takes his shot at Big Business It’s no secret that the US government wants to [rein]( in Big Tech. Turns out, err’thing will be under greater scrutiny. On Friday, President Biden [signed]( a wide-ranging executive order (EO) “promoting competition to lower prices” and hoping to spur wage increases across all parts of the economy, per CNN. Taking on Big Business According to [The New York Times](, the executive order encourages federal agencies -- such as the Federal Trade Commission (FTC) and Federal Communications Commission (FCC) -- to pursue broad antitrust action. Those agencies are actually independent from the administration but have signaled support of the EO. The order has 72 provisions... … including support for: - Agriculture: “Right to repair” [laws]( that allow farmers to repair their own tractors (instead of paying manufacturers exorbitant sums). - Health care: States to import low-cost prescription drugs from Canada. - Telecomms: Reinstatement of net neutrality [laws]( that promote better broadband service and price transparency. - Transportation: Greater scrutiny of airline fees (largely controlled by 4 major US carriers) and maritime transport prices. - More labor flexibility: Limiting the use of noncompete agreements (which tie employees to employers) and banning “unnecessary” occupational licenses (which are a barrier to work). - Greater M&A scrutiny: Antitrust regulators are asked to look more closely at anti-competitive acquisitions (e.g., tech buying up competitors or hospital networks consolidating) that reduce choice or raise prices. Not guaranteed to work The previous administration also issued “competition-focused” EOs, but to limited effect, per NYT (having said that, the FTC has already opened an [investigation]( into Amazon’s purchase of MGM). For max impact, the Biden administration will have to craft new laws in cooperation with Congress. “The heart of American capitalism is a simple idea: open and fair competition,” Biden said at the EO’s signing. “Capitalism without competition isn’t capitalism; it's exploitation.” [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=President+Biden+takes+his+shot+at+Big+Business%0Ahttps%3A%2F%2Fthehustle.co%2F07122021-Biden-Big-Business%3Futm_campaign%3DBiden%2BBig%2BBusiness%26utm_content%3D07122021-Biden-Big-Business%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( SNIPPETS NEW! Introducing our new and improved [Snippets](. You can now get extra snippets on your favorite topics. Follow the button below to get started. (It takes less than 30 seconds!) We’re gonna need a TMZ for space: Before Richard Branson’s successful [spaceflight]( on Sunday, Jeff Bezos’ Blue Origin claimed that Branson wouldn’t technically reach space. Bezos is set to launch July 20, and a [petition]( titled “Do not allow Jeff Bezos to return to Earth” has garnered 155k+ signatures. Kids ain’t cheap. Back-to-school [spending]( for K-12 is projected to hit $32.5B, +16% YoY at an average of $612 per child, according to Deloitte. It’s a unicorn stampede. 136 billion-dollar [startups]( were coined in Q2 2021. For context -- and we can’t believe we’re saying this -- just 128 were minted throughout 2020. GIVEAWAY: Get a shot at winning free Hustle swag by personalizing your snippets. Click the button👇 to choose your favorite topics, and you’ll be registered to win. (More details below). [Personalize Your Snippets]( Young Moguls [kids in business]( Source: Mighty Suck it, lemonade stands. Mighty is here to make kids ecommerce CEOs. The days of kids thinking they’re Warren Buffett after netting $10 running a lemonade stand are numbered. That’s because [Mighty]( is here to show us what happens when you take the lemonade model and crossbreed it with an ecommerce platform like Shopify. And it’s apparently working pretty well Co-founder Ben Goldhirsh came up with the idea after having his kids develop business plans to sell bracelets instead of sitting through after-school tutoring, per [TechCrunch](. Along with co-founder Dana Mauriello who spent 5 years at Etsy, the Mighty team raised $6.5m and now boasts 3k mini Mark Cubans and Sheryl Sandbergs. How does Mighty work? For now, young founders design and sell items like hats, totes, and stickers via Mighty’s partner, Printful. Apparently, Mighty “CEOs” are begging to sell their own items. Goldhirsh tells TechCrunch they eventually will. Mighty also launched an online community for its young CEOs to collab… which got us thinking -- would a Shark Tank where both the judges and contestants are kids be any good? (Answer: it’d be great.) [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=Suck+it%2C+lemonade+stands.+Mighty+is+here+to+make+kids+ecommerce+CEOs.%0Ahttps%3A%2F%2Fthehustle.co%2F07122021-kids-ecommerce-CEOs%3Futm_campaign%3DBiden%2BBig%2BBusiness%26utm_content%3D07122021-kids-ecommerce-CEOs%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( Free Resource How to host your next hybrid event Thanks to COVID, Zoom became a household name in 2020. A lot of us learned to lean on virtual living like never before. As some well-vaccinated regions of the world are transitioning out of COVID protocols, events are coming back as a staple for stellar business growth... And now, the best way to host a banger is to do it hybrid. This is why hybrid events are the new go-to: Many people are itching to go to events in person again, while others prefer the convenience (and, you know, safety) of the screen. So give everyone what they want. Offer both options next time you’re hosting. HubSpot and Hopin linked up to create this sweet [hybrid event strategy guide](. There are solid insights here to help you make your next event a hybrid of smash and success. Looks like you have some planning to do. [Hybrid it is →]( Tech Patents What the latest tech patents say about the future Trends member Neer Sharma has been rounding up the best corporate patents every week for his must-read newsletter [Patent Drop](. Here are recent findings: PayPal is souping up AR shopping With this new patent, fintech giant PayPal wants to facilitate payments within augmented reality (AR) [glasses](: “Imagine you’re wearing AR glasses as you walk down the street. A stranger passes you by in a cool, pastel-painted, vintage bicycle. As you look at it, a message appears in your AR glasses - “this is for sale for $100!”. You think to yourself - “wow, this completes my nomad, hipster garments. I gotta buy it”. And through your AR glasses, you make an offer on the bicycle.” Ford with a VERY forward-looking patent In anticipation of a world where car sharing is ubiquitous, Ford has a patent for “odor mitigation”. The automaker is offering up 2 [potential]( solutions: - An e-nose (AKA electrochemical nose) uses sensors to detect certain scents. It then deals with the smell via a filtration or air freshener system. - Another option is using something called the human nose. Riders are asked to flag offending smells, which the odor mitigation system can deal with the next time it senses it. The next frontier of Amazon’s convenience store Amazon’s convenience store (Go) already lets customers enter, shop, and exit without using checkout. Off-the-shelf items are automatically tallied via computer vision and AI. A recent [patent]( from the company adds a new wrinkle: it wants to let customers do “no checkout” with customized orders like a made-to-order deli sandwich. Sounds delicious (and convenient). [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=What+the+latest+tech+patents+say+about+the+future%0Ahttps%3A%2F%2Fthehustle.co%2F07122021-tech-patents%3Futm_campaign%3DBiden%2BBig%2BBusiness%26utm_content%3D07122021-tech-patents%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( Patent of the day [toilet paper patent] Well, that settles it, people… here is the original toilet paper patent from 1891 showing the proper way to load up the roll (Source: [Wikipedia]() Giveaway We’re giving away Hustle swag every day this week! How to enter: Simply personalize your [Snippets](. Click the button to choose topics you’d like see in your daily newsletter.👇 [Personalize Your Snippets →]( (It takes less than 30 seconds to get a shot at winning!) 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