White House plans to push for antitrust legislation during the post-midterms lame duck session, perhaps the last chance for AICOA, Open App Markets Act, others (Emily Birnbaum/Bloomberg)

Stephanie Murray / The Block:
John Ray III tells the House that FTX has a “paperless bankruptcy” due to an “unprecedented” lack of documentation, FTX and Alameda were not distinct, and more  —  – New FTX CEO John Ray III said top executives at FTX had “free rein” over the company’s many entities.

Bloomberg:
US Senator Amy Klobuchar, the AICO’s primary sponsor, says an “incredible onslaught of money” to fund ads against the bill has been an obstacle to passing it  —  An “incredible onslaught of money” against a landmark bill meant to rein in the power of the biggest US technology companies …

Leah Nylen / Bloomberg:
NY judge rules the bulk of the state AGs’ ad tech antitrust suit against Google can proceed, but dismissed the claim Meta and Google colluded via Jedi Blue  —  An antitrust suit by state attorneys general accusing Alphabet Inc.’s Google of monopolizing the technology underlying online advertising …

Paul Kiernan / Wall Street Journal:
OpenSecrets: the crypto industry gave $73M in the 2022 US midterms, up from $13M in 2020; FTX has become the third-largest source of 2022 campaign contributions  —  Industry seeks to gain influence in Washington as regulators increase scrutiny of digital assets

Sarah Perez / TechCrunch:
The Epic Games-Apple antitrust battle resumes in appeals court; the US DOJ and state of California have been granted time to explain antitrust legal frameworks  —  Apple’s antitrust battle against Fortnite maker Epic Games is returning to the courtroom after both sides appealed last year’s ruling …

Bloomberg:
Sources: Intel is planning major job cuts, likely in the thousands, as early as this month; some divisions, including sales and marketing, could see ~20% cuts  —  Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope …