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Collusion alleged: The Justice Department filed an antitrust lawsuit on Friday—joined by eight states—against the real estate software company RealPage, saying its software enabled landlords to collude to raise rents across the U.S. It’s the first major civil antitrust lawsuit where the role of an algorithm in pricing manipulation is central to the case, Justice Department officials say. Read the full story.
More freebies: The Biden administration on Friday said it will resume offering free at-home COVID-19 tests to American households in late September as the virus has gained a stronger foothold over the summer. Americans will soon be able to use covidtests.gov to request four free tests, administration officials told reporters during a briefing. Read more from CNBC.
Tipping point: The economy may now be near a tipping point where a continued drop in job openings will translate into faster increases in unemployment, an argument in favor of the Fed beginning to cut interest rates to guard the labor market, according to new research presented on Friday. Read more from Reuters.
