In a panel discussion on Thursday, Federal Trade Commission Chair Lina Khan and Department of Justice assistant attorney general for the antitrust division Jonathan Kanter emphasized the importance of cracking down on federal antitrust enforcement. These top federal antitrust enforcers have been active in bringing cases against proposed mergers as well as existing industry giants, …
In the increasingly intense battle to understand and regulate artificial intelligence (AI), Federal Trade Commission (FTC) Chairperson Lina Khan emphasized the need for additional support from Congress to keep up with technological advancements and effectively safeguard American consumers. Khan expressed gratitude for Congress increasing the FTC’s budget, enabling more hiring. She highlighted the importance of …
In a groundbreaking US antitrust trial set to begin on Tuesday, federal regulators are aiming to dismantle Google’s internet empire by challenging its dominant search engine. Over the next 10 weeks, federal lawyers and state attorneys general will seek to prove that Google manipulated the market in its favor by making its search engine the …
WASHINGTON (AP) — Google faces a major antitrust trial in the United States, starting Tuesday, as federal regulators attempt to dismantle its internet empire and address concerns about the company’s dominant search engine. Over the next 10 weeks, federal lawyers and state attorneys general will present their case, aiming to prove that Google rigged the …
Two leading generic drug companies have reached settlements with the Department of Justice (DOJ) regarding charges of criminal price fixing. The U.S. division of Teva, based in Israel, will pay a $225 million criminal penalty over five years, while the U.S. division of Glenmark, based in India, will pay a $30 million criminal penalty. Both …
Microsoft has made changes to its $69 billion agreement to acquire game developer Activision Blizzard in order to appease U.K. regulators and secure approval. The restructuring, announced on Tuesday, grants cloud gaming rights to Ubisoft, allowing them to distribute games through cloud streaming. As part of the agreement, Ubisoft will compensate Microsoft for these streaming …
A federal judge ruled this week that the antitrust case against Google, filed by the Department of Justice and a coalition of states, may proceed to trial. However, the scope of claims has been narrowed down, giving Google a win in the ruling. The judge, Amit Mehta, stated that Google will not have to defend …
A potential legal clash between Amazon and government regulators regarding its market dominance is on the horizon. The Federal Trade Commission (FTC) is reportedly preparing to sue the e-commerce giant and potentially break it up, according to Politico and Bloomberg. Amazon, known for its diverse range of businesses including advertising, shipping, supermarkets, and movie production, …
Sens. Elizabeth Warren (D-Mass.) and Lindsey Graham (R-S.C.) have partnered to introduce groundbreaking legislation that aims to establish a new agency with the authority to regulate major tech companies. The bipartisan Digital Consumer Protection Commission Act, unveiled on Thursday, seeks to create an agency dedicated to overseeing Meta, Google, Amazon, and other tech giants, with …
Federal antitrust regulators have released a highly anticipated draft of new merger guidelines, signaling a significant shift in how the acquisitions of large companies will be reviewed. The proposal, a joint effort between the Federal Trade Commission (FTC) and Department of Justice (DOJ), outlines 13 guidelines for merger reviews and invites public comment for a …