FANG Stocks’ Bite Has U.S. Fund Managers Looking For Alternatives

– Reuters

A contributing factor to a sharp dip in tech stocks this week is a new vigor from policymakers and regulators.

Trump Hates Amazon, Not Facebook

– Axios

Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, and he believes it is dangerously powerful. Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business. But he doesn’t have a plan to make that happen.

Amazon Takes Fresh Stab At $16 Billion Housekeeping Industry

– Bloomberg

Amazon is testing a very “old economy” approach in a Seattle trial – it’s hiring housekeepers as employees rather than acting as a platform to connect customers with independent contractors. If the trial proves sucessful, the model may be replicated for other services.

Local Right-to-Work Case Has National Implications

– Inside Sources

Local right-to-work ordinances, designed to chip away at union’s grip on agency fee states, have been tied up in the courts for the past few years. A case heard this week could create a split in the circuit courts, requiring the U.S. Supreme Court to pick up the case and determine the legality of these measures once and for all.