financetom
Business
financetom
/
Business
/
US Senator Warren presses Amazon on contracting, pricing practices for local governments and schools
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Senator Warren presses Amazon on contracting, pricing practices for local governments and schools
Mar 12, 2026 3:27 AM

March 12 (Reuters) - U.S Senator Elizabeth Warren of Massachusetts is asking Amazon CEO Andy Jazzy to provide details on its algorithmic pricing and contracting practices for the company's procurement platform after an advocacy group said some schools and local governments paid more for office supplies compared to others in nearby locations, according to a letter seen by Reuters.

* "Instead of offering fixed prices for all buyers, whichare typical in the procurement space, Amazon Business subjectsbuyers to algorithm-driven dynamic pricing that forces schooldistricts and local governments to pay ever-changing, ofteninflated costs for essential goods," Sen. Warren said in theletter.  * States including California and New York, along with theU.S. Federal Trade Commission, have raised concerns about thecollection and use of personal data to determine prices * Advocacy group Institute for Local Self-Reliance inDecember released a report saying algorithmic pricing by AmazonBusiness lets the company covertly raise prices.   * One city paid three times as much for a pack of Sharpiesas another nearby school district, according to the ILSRreport.   * Warren asked Amazon a dozen questions about how itdetermines prices for local governments and school districts,and its use of personal consumer data to set prices. * Warren in February sent a letter to Amazon on behalf ofthe Committee on Banking, Housing, and Urban Affairs requestinginformation about tariff-induced price increases on itse-commerce marketplace and if the company plans to decreaseprices if it receives refunds for tariff payments recentlydeemed illegal by the US Supreme Court.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With Sutro Biopharma (STRO) Stock?
What's Going On With Sutro Biopharma (STRO) Stock?
Apr 2, 2024
Sutro Biopharma Inc ( STRO ) shares are trading lower by 2.8% to $5.18 during Tuesday’s session after the company announced the pricing of an underwritten offering of 14,478,764 shares of its common stock at $5.18 per share, aiming to raise approximately $75 million. The offering, expected to close around April 4, involves all shares being offered by Sutro and...
Some doses of Lilly's Mounjaro in tight supply through April, US FDA says
Some doses of Lilly's Mounjaro in tight supply through April, US FDA says
Apr 2, 2024
(Reuters) - Four doses of Eli Lilly's ( LLY ) diabetes drug Mounjaro would remain in tight supply through 2024 due to soaring demand, the U.S. Food and Drug Administration's website showed. The regulator noted limited availability of 7.5, 10, 12.5, and 15 milligram doses through April, while lower doses were listed as available. The FDA had previously said that...
Tesla quarterly deliveries decline for the first time in nearly four years
Tesla quarterly deliveries decline for the first time in nearly four years
Apr 2, 2024
(Reuters) - Tesla on Tuesday posted a decline in quarterly deliveries for the first time in nearly four years and missed Wall Street estimates, a performance some described as ugly as price cuts failed to stir demand in a highly competitive market. Shares of the Elon Musk-led company were down 5.3% at $165.98 at midday on Tuesday, losing about $30...
Yahoo acquires Instagram co-founders' AI news platform Artifact
Yahoo acquires Instagram co-founders' AI news platform Artifact
Apr 2, 2024
April 2 (Reuters) - Yahoo said on Tuesday it had acquired Instagram co-founders' AI-driven news platform, Artifact, and will incorporate its technology across the U.S. web services provider's news and other sites. The deal signals continued pain for media start-ups struggling to grow revenue at a time when Big Tech giants Alphabet and Meta Platforms ( META ) attract the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved