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“#Biden’s big business crackdown bad for Wall Street behemoths: sources” President Biden’s big business crackdown could be bad news for Wall Street titans like Ken Griffin — assuming the controversial effort ever makes it off the ground. On Tuesday, it was reported that President Biden is quietly working on an executive order intended to take…
“#Elizabeth Warren calls for antitrust review of Amazon-MGM merger” Sen. Elizabeth Warren called for “meticulous antitrust scrutiny” of Amazon’s $8.5 billion acquisition of MGM Studios, warning that it could crush competition. “Amazon’s proposed acquisition of Metro-Goldwyn-Mayer Studios (MGM) could harm consumers and workers and reduce innovation by inhibiting competition in numerous markets,” the Massachusetts Democrat…
“#House panel votes ‘yes’ on bill that could break up Big Tech” The House Judiciary Committee voted Thursday to require Big Tech platforms to sell lines of business they run on their platforms if they also compete against them, wrapping up two days of votes that saw the approval of four measures directly aimed at reining in the…
“#NY to co-lead antitrust suit against Google over app store: report” New York plans to co-lead a multi-state antitrust lawsuit against Google over the tech giant’s management of its mobile app store, according to a report. The anticipated suit centers Google’s requirement that many Android app developers who sell products through the company’s store use…
“#EU opens antitrust probe into Google’s advertising business” The European Union opened a formal antitrust probe into Google’s lucrative advertising business, signaling it will scrutinize whether the search giant is abusing its increasingly outsize market power. The European Commission, the legislative branch of the EU that is overseeing the investigation, said Tuesday is considering whether…
“#Hollywood agent Ari Emanuel leaves Live Nation board amid DOJ antitrust scrutiny” Hollywood super agent Ari Emanuel and one of his top lieutenants have resigned from the board of Live Nation after the Department of Justice expressed antitrust concerns over their directorships at the concert promoter. The DOJ said Monday that Emanuel and Mark Shapiro,…
“#DOJ sues to block AON’s $30B acquisition of rival Willis Towers Watson” The Biden administration has sued to block the merger of two of the world’s largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for US businesses, employers and unions that use the companies’ services. The Justice Department on…
“#Big Tech’s outrages have moved Republicans to find new love for antitrust laws” There are few, if any, political issues that now generate the breadth and intensity of bipartisan backlash as does the rise of Big Tech. During Donald Trump’s presidency, the major parties largely diverged on their specific grievances against the woke Silicon Valley…
“#Google’s ad business subject of new EU antitrust probe: report” Google is battling anti-monopoly regulators on both sides of the Atlantic — and the European Union is reportedly about to turn up the heat. Antitrust regulators in the bloc are set to launch an investigation into Google’s lucrative ad business by the end of the…
“#Will we finally be able to rein in the abusive power of Big Tech?” Friday saw the introduction of five bipartisan bills to address the abusive, anticompetitive behavior of Google, Amazon and other Big Tech firms. It’ll be a long slog to passage of actual laws, but it’s a key step toward fairness, freedom and…