Topline Federal prosecutors filed an antitrust lawsuit against JetBlue to prevent its blockbuster $3.8 billion merger with Spirit Airlines on Tuesday, preventing what would be the country’s fifth-larg...
Tag: antitrust
ADBE Stock Falls As Figma Deal Faces Antitrust Lawsuit
Adobe (ADBE) stock fell Friday on news that the U.S. Department of Justice plans to block the software giant’s $20 billion acquisition of Figma. ADBE stock dropped more than 7%. X Bloomberg repo...
Amazon Completes $3.9bn One Medical Acquisition After FTC’s Antitrust Challenge Times Out
Amazon campus in Palo Alto, California. Getty Key Takeaways Amazon’s acquisition of One Medical has completed after the FTC’s objection to the merger timed out The FTC is still continuing its investig...
Amazon, Alphabet Antitrust Push Seen Unlocking Value in Shares
(Bloomberg) — With big tech companies facing weaker growth trends and an economic outlook that could prevent the group from regaining its leadership role in the market, revived antitrust fervor ...
The FTC is preparing a wide-ranging antitrust lawsuit against Amazon
The US Federal Trade Commission (FTC) is reportedly preparing an antitrust lawsuit against Amazon. The potential legal action, first reported in the Wall Street Journal, is expected to target a wide a...
The Weak Link In DOJ’s Antitrust Case Against Google’s Ad Tech Dominance
The case that the Department of Justice announced on January 24 is similar to the ad tech case brought by the Texas Attorney General in 2021. Both focused on the monopoly Google seems to possess throu...
U.S. Sues Google Over Alleged Advertising Monopoly—Latest Tech Antitrust Suit
Topline The Department of Justice and eight states filed a civil antitrust lawsuit against Google on Tuesday, claiming the tech giant abuses its monopoly on online advertising technology and has stifl...
Pharma’s Strategy To Exploit A Depression-Era Antitrust Law Would Raise Drug Costs For Consumers
The prescription drug market is bewildering to many, and its complexity can make rational discussions about the causes of high drug prices exceedingly difficult. It also means that government official...
‘Pharma Bro’ Shkreli Violated Lifetime Ban And Should Be Sanctioned, FTC Says
Topline The Federal Trade Commission is asking a federal judge to sanction former hedge fund manager Martin Shkreli, arguing he should be held in contempt for violating his lifetime ban from the pharm...
Damian Chazelle’s Brilliant ‘Babylon’ Should Be Required Viewing for Lina Khan
FTC Chair Lina Khan is hopelessly disconnected from reality. Conversely the movie industry is reality. It’s a constant reminder through producers, directors and actors of how incredibly difficult it i...
Amazon Settles EU Antitrust Case—But Here’s Why It Won’t Pay Any Fines
Topline Amazon has agreed to a settlement that will resolve two antitrust cases against the retail giant in the European Union, while avoiding a multibillion dollar fine over allegations the company w...
Sharing Of College Athlete N.I.L. Data Raises Interesting Antitrust Questions
LSU gymnast Olivia Dunne has emerged as one of the most successful college athlete enodrsers in the … [+] N.I.L. space. (Photo by Barry Chin/The Boston Globe via Getty Images) Boston Globe via G...
MSFT Stock: Microsoft Facing Antitrust Reviews
Managing to sidestep the regulatory scrutiny that has embroiled its Big Tech peers, Microsoft (MSFT) now faces multiple antitrust reviews related to its proposed purchase of Activision Blizzard (ATVI)...
Activision stock falls after report of ‘likely’ FTC antitrust lawsuit against Microsoft acquisition
Activision Blizzard Inc. ATVI, +0.94% shares declined in after-hours trading Wednesday following a report that the Federal Trade Commission was likely to file an antitrust lawsuit to block the videoga...
Klobuchar Slams Live Nation After Taylor Swift Chaos—As New Congress Threatens Future Of Antitrust Legislation
Topline Sen. Amy Klobuchar (D-Minn.) criticized Live Nation for failing to deliver on consumer fairness promises made during its merger with Ticketmaster, following the Taylor Swift tour debacle earli...
Antitrust battle over Apple’s app store goes to appeals court
SAN FRANCISCO — Apple is heading into a courtroom faceoff against the company behind the popular Fortnite video game, reviving a high-stakes antitrust battle over whether the digital fortress shieldin...
FTX, Binance Deal Draws Antitrust Concern
In the U.S., antitrust laws such as the Sherman Act outlaw direct competitors from acting to protect each other. CZ said that he had stepped in to protect users after FTX, faced with a “significant li...
Justice Department’s antitrust investigation of PGA Tour includes USGA
A ball Masters golf ball displays the length of the new rough increased to 1 3/8 of an Inch at the US Masters at the Augusta National GC in Augusta, Georgia, USA. Stephen Munday | Getty Images The Jus...
Amazon Faces $1 Billion U.K. Suit—Latest Alleged Antitrust Violation Against The Company
Topline Amazon faces a $1 billion class action lawsuit expected to be filed in the United Kingdom by the end of the month over claims the e-commerce giant’s use of a “secretive” algorithm that directs...
Controversy Persists Over Amazon’s Use Of Data To Favor Its Knockoffs
The 800-pound gorilla that is AmazonAMZN .com finds itself coming off as a corporate bully when its private label teams find small and growing brand products and then produce knockoff versions that it...
Why A Kroger/Albertsons Merger Is A Bad Idea
HOUSTON, TEXAS – SEPTEMBER 09: A customer loads his truck after shopping at a Kroger grocery store … [+] on September 09, 2022 in Houston, Texas. Kroger stock increased six percent as the ...
American Airlines’ Alaska Air Deal Differs From Its JetBlue Deal. Does That Matter?
An Alaska Airlines Airbus A321 arrives at LAX in January 2021. (Photo by AaronP/Bauer-Griffin) GC Images An alliance with American Airlines has helped Alaska AirlinesALK compete on the West Coast, pro...
In A Boston Courtroom, American Airlines CEO Robert Isom Recalls Some Scary Moments
American Airlines employees check in two passengers at a mostly empty check-in counter at Washington … [+] National on May 12, 2020. (Photo by ANDREW CABALLERO-REYNOLDS) AFP via Getty Images Mar...
Judge Pauses Follow-On Antitrust Lawsuit Against The UFC
VANCOUVER, BC – JUNE 11: Kajan Johnson poses for a portrait during a UFC photo session on June 11, … [+] 2014 in Vancouver, British Columbia, Canada. (Photo by Jeff Bottari/Zuffa LLC/Zuffa...
PGA Tour countersues LIV Golf in antitrust fight
Signs are posted at the LIV golf tournament on Thursday, Sept. 15, 2022, at Rich Harvest Farms in Sugar Grove, Illinois. Brian Cassella | Tribune News Service | Getty Images The PGA Tour filed a count...
Phil Mickelson and other LIV golfers drop out of antitrust suit against PGA Tour
Team Captain Phil Mickelson of Hy Flyers GC is seen on the 18th tee during Day Two of the LIV Golf Invitational – Chicago at Rich Harvest Farms on September 17, 2022 in Sugar Grove, Illinois. Ch...
JetBlue, American Airlines go to court in Justice Department antitrust fight
An American Airlines plane lands on a runway near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images ...
Google Faces Record $4 Billion Fine In Europe After Losing Android Antitrust Appeal
Topline Google may have to pay a record €4.125 billion ($4.12 billion) fine to the European Union in an antitrust case linked to its Android operating system for smartphones after losing a court appea...