Amazon(US:AMZN) Reuters·2026-02-24 16:03Core Viewpoint - California's Attorney General is seeking a preliminary injunction against Amazon, alleging that the company engages in anti-competitive practices by pressuring merchants to inflate prices, thereby stifling price competition in the market [1]. Group 1: Allegations Against Amazon - The California AG claims that Amazon's actions aim to insulate itself from price competition by preventing lower retail prices from being available elsewhere [1]. - It is alleged that Amazon has pressured merchants to agree on fixed prices, ensuring that it is not undercut by competitors like eBay, Target, and Walmart [1]. - Merchants who do not comply with Amazon's pricing demands risk being cut off from access to Amazon's "Buy Box," which is crucial for sales on the platform [1]. Group 2: Legal Proceedings - A trial regarding the antitrust case against Amazon is scheduled for January 2027 [1]. - The proposed injunction seeks to halt Amazon's alleged anti-competitive conduct while the case is ongoing, with a monitor suggested to oversee compliance [1]. Group 3: Amazon's Defense - Amazon argues that its agreements with merchants are legal and pro-competitive, claiming they benefit consumers by enhancing product selection and competitive pricing [1].