Corporations Already Spent Over $1 Billion on Lobbying in First Quarter of 2024

United Kingdom News News

Corporations Already Spent Over $1 Billion on Lobbying in First Quarter of 2024
United Kingdom Latest News,United Kingdom Headlines
  • 📰 truthout
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

Big businesses have already spent $1.2 billion to ensure pro-corporate policies and ever-rising profits.

Federal lobbying spending exceeded $1.2 billion in the first quarter of 2024 — putting the year on track for another nominal record, a newWhen adjusted for inflation, the $1.2 billion in first-quarter federal lobbying spending represents a 1.3% increase compared to the same period last year.spent about $23.4 million on lobbying during the first three months of 2024, up 22% from the previous quarter and more than any other first quarter since 2018.

The PBM trade group’s federal lobbying spending soared to $15.4 million in 2023, an increase from $8.6 million the prior year.first-quarter lobbying spending topped $4.8 million, up from less than $2.8 million during the same period in 2023 — putting the group on track for another record year of federal lobbying spending.

In January of this year, Meta CEO Mark Zuckerberg along with other social media leaders testified before Congress about the safety of children on their digital platforms, pushing back against tighter government regulation. In April, thewas introduced in an attempt to create a system of age verification for children, among other key safety issues. Meta was joined byAlphabet Inc., which owns Google and YouTube, spent $3.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

truthout /  🏆 69. in US

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This Mac hacker’s code is so good, corporations keep stealing itThis Mac hacker’s code is so good, corporations keep stealing itOversight developer and Objective See founder Patrick Wardle used his reverse engineering skills to track down companies that had stolen his code.
Read more »

Major corporations reluctant to make a splash at the 2024 political conventionsMajor corporations reluctant to make a splash at the 2024 political conventionsNatasha Korecki is a senior national political reporter for NBC News.
Read more »

White House official urges US mining projects in nations deemed 'risky' by corporationsWhite House official urges US mining projects in nations deemed 'risky' by corporationsA senior White House adviser has voiced the necessity of encouraging mining projects in countries where Western corporations might be hesitant to invest.
Read more »

Trump eyes even more tax breaks for the wealthy, big corporationsTrump eyes even more tax breaks for the wealthy, big corporationsSteve Benen is a producer for 'The Rachel Maddow Show,' the editor of MaddowBlog and an MSNBC political contributor. He's also the bestselling author of 'The Impostors: How Republicans Quit Governing and Seized American Politics.'
Read more »

The biggest risk corporations see in gen AI usage isn't hallucinationsThe biggest risk corporations see in gen AI usage isn't hallucinationsWith growing corporate use of generative artificial intelligence, hallucinations and code errors don’t top the list of company concerns. Data leaks are…
Read more »

The biggest risk corporations see in gen AI usage isn't hallucinationsThe biggest risk corporations see in gen AI usage isn't hallucinationsWith growing corporate use of generative artificial intelligence, hallucinations and code errors don't top the list of company concerns. Data leaks are No. 1.
Read more »



Render Time: 2025-04-07 14:49:10