The daily business briefing: November 22, 2017

The FCC's chief says the U.S. will scrap net neutrality, Uber belatedly reveals a data breach affecting 57 million, and more

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1. FCC to end net neutrality rules

Federal Communications Commission Chairman Ajit Pai on Tuesday announced plans to scrap the 2015 "net neutrality" rules that barred internet service providers from blocking or slowing connections for some users, and charging more for privileged access. The Obama administration championed net neutrality, saying it was crucial for a free and open internet. Pai, a Republican appointed by President Trump in January, said the commission will vote at a Dec. 14 meeting on rescinding the rules. The move amounts to a victory for the big internet providers, including AT&T, Comcast, and Verizon, who will be able to charge different prices for certain content once net neutrality is rescinded. Major internet companies such as Google parent Alphabet and Facebook had lobbied against the change.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.