Consolidation of Book Publishers Is a Threat to a Diverse Literary Marketplace

The proposed merger of Penguin Random House and Simon & Schuster accelerates industry trends toward the production of best-sellers at the expense of the incubation of new voices or ideas.

#american-booksellers-assn, #antitrust-laws-and-competition-issues, #book-trade-and-publishing, #mergers-acquisitions-and-divestitures, #oxford-miss, #penguin-random-house, #simonschuster-inc, #square-books

PGA Tour Can Bar LIV Golfers From Playoff, Judge Rules

The narrow ruling came less than 48 hours before the start of the FedEx Cup playoffs in Memphis, but the broader turmoil could last for years.

#antitrust-laws-and-competition-issues, #golf, #liv-golf, #pga-tour-inc

Mickelson and Other LIV Golfers File Antitrust Suit Against PGA Tour

A complaint filed on behalf of 11 players pushed back against the punishments imposed by the PGA Tour for players who participate in events sponsored by the upstart LIV series.

#antitrust-laws-and-competition-issues, #athletics-and-sports, #california, #golf, #liv-golf, #mickelson-phil, #pga-championship, #pga-tour-inc, #suits-and-litigation-civil, #swafford-hudson-1987, #united-states

Why the Penguin Random House Merger Is Also About Amazon

The U.S. wants to stop Penguin Random House from buying Simon & Schuster. The elephant in the room is Amazon.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #book-trade-and-publishing, #books-and-literature, #penguin-random-house, #simonschuster-inc

Will the Biggest Publisher in the United States Get Even Bigger?

The Biden administration is suing to block Penguin Random House from buying Simon & Schuster. A United States District Court will decide if the sale can proceed.

#antitrust-laws-and-competition-issues, #bertelsmann-ag, #book-trade-and-publishing, #books-and-literature, #justice-department, #mergers-acquisitions-and-divestitures, #penguin-random-house, #simonschuster-inc

F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta

Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature. She faces an uphill climb.

#antitrust-laws-and-competition-issues, #computer-and-video-games, #computers-and-the-internet, #corporations, #entrepreneurship, #facebook-inc, #federal-trade-commission, #khan-lina, #mergers-acquisitions-and-divestitures, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #regulation-and-deregulation-of-industry, #start-ups, #supernatural-mobile-app, #virtual-reality-computers

F.T.C. Sues to Block Meta Virtual Reality Deal as It Confronts Big Tech

The move is a potential blow to Meta’s metaverse efforts and signals a shift in how the Federal Trade Commission is approaching tech deals.

#antitrust-laws-and-competition-issues, #facebook-inc, #federal-trade-commission, #meta-platforms-inc, #metaverse-internet

Amazon C.E.O. Andy Jassy Breaks From the Bezos Way

Jeff Bezos’ successor has set himself apart with a hands-on approach in Washington.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #appointments-and-executive-changes, #bezos-jeffrey-p, #computers-and-the-internet, #content-type-personal-profile, #jassy-andrew-r, #lobbying-and-lobbyists, #organized-labor, #regulation-and-deregulation-of-industry, #united-states-politics-and-government

The LIV Golf Controversy Raises Critical Antitrust Questions

When is restraint of trade a good thing?

#antitrust-laws-and-competition-issues, #internal-sub-only-nl, #liv-golf, #pga-tour-inc

We Know How America Got Such a Corporate-Friendly Court

Can the right really be realigned with the working class?

#antitrust-laws-and-competition-issues, #arbitration-conciliation-and-mediation, #bork-robert-h, #conservatism-us-politics, #corporations, #federalist-society, #republican-party, #scalia-antonin, #supreme-court-us, #united-states

Lina Khan, a Big Tech Critic, Tries Answering Her Own Detractors

In an interview, the chair of the Federal Trade Commission laid out some of her plans now that she has a Democratic majority at the agency.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #federal-trade-commission, #khan-lina, #regulation-and-deregulation-of-industry, #united-states-politics-and-government

What Texas Gains by Investigating Twitter’s Fake Accounts

For Ken Paxton, the state attorney general, there are positives. Aligning with Elon Musk? Check. Politically helpful? Check.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #elections-attorneys-general, #musk-elon, #paxton-ken, #politics-and-government, #rumors-and-misinformation, #social-media, #space-exploration-technologies-corp, #storming-of-the-us-capitol-jan-2021, #tesla-motors-inc, #texas, #trump-donald-j, #twitter

To Cut Gas Prices, Congress Should Allow the U.S. to Sue OPEC

Congress should allow the Justice Department to sue OPEC for violating antitrust laws.

#antitrust-laws-and-competition-issues, #bush-george-w, #embargoes-and-sanctions, #international-trade-and-world-market, #justice-department, #law-and-legislation, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #russia, #scalia-antonin, #suits-and-litigation-civil, #supreme-court-us, #united-states, #united-states-economy

When Picking Judges, Democrats Need to Stop Ignoring Economics

President Biden needs to nominate jurists who share his commitment to revitalizing antitrust enforcement. So far, he has not.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #federal-courts-us, #reagan-ronald-wilson, #united-states-economy

Musk and Bezo Show the Perils of Plutocratic Pettiness

Technology titans are missing that old adulation.

#antitrust-laws-and-competition-issues, #bezos-jeffrey-p, #electric-and-hybrid-vehicles, #ellison-lawrence-j, #fringe-groups-and-movements, #high-net-worth-individuals, #income-inequality, #musk-elon, #orban-viktor, #russian-invasion-of-ukraine-2022, #social-media, #tesla-motors-inc, #twitter

How Biden Could Alleviate the Baby Formula Shortage

Why is the wealthiest country in the world struggling to provide basic nutrition to so many children?

#abbott-laboratories, #antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #defense-production-act, #food-and-drug-administration, #infant-formulas, #klobuchar-amy, #lee-michael-s-1971, #lobbying-and-lobbyists, #senate, #shortages, #united-states, #united-states-economy

BlackRock, Vanguard and State Street Control a Piece of Nearly Everything

BlackRock, Vanguard and State Street collectively manage more than $20 trillion in assets. It’s not a political problem, but it might be an economic one.

#antitrust-laws-and-competition-issues, #blackrock-inc, #boards-of-directors, #bogle-john-c, #global-warming, #personal-finances, #shareholder-rights-and-activism, #standardpoors-500-stock-index, #state-street-corporation, #stocks-and-bonds, #united-states-economy, #vanguard-group-inc, #vivek-ramaswamy

New F.T.C. Majority Gives Lina Khan a Chance to Push an Aggressive Agenda

The confirmation of a third Democrat creates an opportunity for Lina Khan, the Federal Trade Commission’s chair, to advance efforts to rein in corporate power.

#antitrust-laws-and-competition-issues, #appointments-and-executive-changes, #bedoya-alvaro, #computers-and-the-internet, #consumer-protection, #corporations, #democratic-party, #federal-trade-commission, #khan-lina, #privacy, #regulation-and-deregulation-of-industry, #united-states-politics-and-government

What Does the Right Do When Big Business Turns Against Conservatism?

How conservatives put their hope in Elon Musk and Ron DeSantis.

#antitrust-laws-and-competition-issues, #conservatism-us-politics, #corporations, #democratic-party, #desantis-ron, #domenech-ben-1981, #florida, #freedom-of-speech-and-expression, #liberalism-us-politics, #musk-elon, #republican-party, #trump-donald-j, #warren-elizabeth

As Europe Approves New Tech Laws, the U.S. Falls Further Behind

Federal privacy bills, security legislation and antitrust laws to address the power of the tech giants have all failed to advance in Congress, despite hand wringing and shows of bipartisan support.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #facebook-inc, #google-inc, #house-of-representatives, #klobuchar-amy, #law-and-legislation, #meta-platforms-inc, #microsoft-corp, #mobile-applications, #privacy, #regulation-and-deregulation-of-industry, #senate, #social-media, #states-us

E.U. Takes Aim at Social Media’s Harms With Landmark New Law

The Digital Services Act would force Meta, Google and others to combat misinformation and restrict certain online ads. How European officials will wield it remains to be seen.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #computers-and-the-internet, #data-mining-and-database-marketing, #europe, #european-union, #facebook-inc, #freedom-of-speech-and-expression, #google-inc, #meta-platforms-inc, #regulation-and-deregulation-of-industry, #rumors-and-misinformation, #social-media, #youtube-com

Save America’s Patent System

It needs to promote innovation, not reward legal trickery.

#antitrust-laws-and-competition-issues, #drugs-pharmaceuticals, #inventions-and-patents, #politics-and-government, #regulation-and-deregulation-of-industry, #united-states, #united-states-economy

Elon Musk’s Ultimate Twitter Troll: A Takeover Bid

The billionaire could be at the helm of the internet’s loudest megaphone.

#antitrust-laws-and-competition-issues, #benioff-marc, #bezos-jeffrey-p, #internal-sub-only-nl, #musk-elon, #salesforce-com-inc, #social-media, #twitter

U.S. Tries New Tactic to Protect Workers’ Pay: Antitrust Law

The Justice Department is using antitrust law to charge employers with colluding to hold down wages. The move adds to a barrage of civil challenges.

#adobe-systems-inc, #antitrust-laws-and-competition-issues, #apple-inc, #duke-university, #google-inc, #heather-sean, #intel-corporation, #justice-department, #labor-and-jobs, #mekki-doha, #penguin-random-house, #prices-fares-fees-and-rates, #simonschuster-inc, #suits-and-litigation-civil, #united-states-chamber-of-commerce, #united-states-economy, #university-of-north-carolina, #wages-and-salaries, #workplace-hazards-and-violations

Bidding War for Spirit Could Undercut Power of Four Big Airlines

The rival bids for Spirit from Frontier and JetBlue could create an airline that presents a more formidable challenge to American, Delta, Southwest and United.

#airlines-and-airplanes, #airports, #american-airlines, #antitrust-laws-and-competition-issues, #frontier-airlines-inc, #jetblue-airways-corporation, #mergers-acquisitions-and-divestitures, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #spirit-airlines, #travel-and-vacations, #united-states-politics-and-government

E.U. Takes Aim at Big Tech’s Power With Landmark Digital Act

The European Union is expected to finalize the Digital Markets Act, the most sweeping legislation to regulate tech since a European privacy law was passed in 2018.

#alphabet-inc, #amazon-com-inc, #android-operating-system, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #data-mining-and-database-marketing, #e-commerce, #european-union, #facebook-inc, #general-data-protection-regulation-gdpr, #google-inc, #instagram-inc, #instant-messaging, #law-and-legislation, #meta-platforms-inc, #microsoft-corp, #mobile-applications, #mobile-commerce-and-payments, #online-advertising, #regulation-and-deregulation-of-industry, #social-media

How Apple, Not Government, Became Tech’s Biggest Regulator

Kara Swisher asks the Silicon Valley congressman Ro Khanna why Congress is so behind.

#antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #facebook-inc, #khanna-ro, #united-states-politics-and-government

House Panel Calls for Criminal Investigation Into Amazon

Members of the House Judiciary committee accused Amazon of obstructing its inquiry into how the company treats third-party sellers.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #e-commerce, #khan-lina, #nadler-jerrold

Employer Practices Limit Workers’ Choices and Wages, U.S. Study Argues

A Biden administration report says collusion and other constraints on competition hold down pay and prospects in the labor market.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #economics-theory-and-philosophy, #labor-and-jobs, #mergers-acquisitions-and-divestitures, #minimum-wage, #research, #treasury-department, #united-states-economy, #wages-and-salaries

Justice Dept. Plans to Block $13 Billion Deal by UnitedHealth Group

The agency’s expected lawsuit against the deal for a health technology company would be the latest move by the Biden administration to quash corporate consolidation.

#antitrust-laws-and-competition-issues, #change-healthcare, #federal-trade-commission, #health-insurance-and-managed-care, #justice-department, #kanter-jonathan-s, #mergers-acquisitions-and-divestitures, #optum-inc, #suits-and-litigation-civil, #unitedhealth-group-inc

A Gene Sequencing Pioneer Battles Over What It Can Buy

Is Illumina, a gene-sequencing powerhouse, trying to speed innovation in the field of cancer blood tests or thwart it with an acquisition?

#antitrust-laws-and-competition-issues, #cancer, #desouza-frances, #grail, #illumina-inc, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #tests-medical

Nvidia Deal to Buy Arm From SoftBank Is Off After Setbacks

The deal, which was initially valued at $40 billion, encountered regulatory scrutiny, including an F.T.C. lawsuit.

#antitrust-laws-and-competition-issues, #appointments-and-executive-changes, #arm-holdings-plc, #computer-and-video-games, #computer-chips, #computers-and-the-internet, #federal-trade-commission, #huang-jen-hsun, #mergers-acquisitions-and-divestitures, #nvidia-corporation, #softbank-corporation

6 Reasons Meta Is in Trouble

The company formerly known as Facebook has hit major turbulence as it suffered its biggest one-day wipeout ever.

#antitrust-laws-and-competition-issues, #apple-inc, #company-reports, #computers-and-the-internet, #data-mining-and-database-marketing, #facebook-inc, #google-inc, #instagram-inc, #instant-messaging, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #online-advertising, #social-media, #virtual-reality-computers, #zuckerberg-mark-e

Google Faces New Antitrust Law in Europe

A small search engine company in the Czech Republic helped inspire a law that is poised to put major limits on tech giants like Google.

#android-operating-system, #antitrust-laws-and-competition-issues, #computers-and-the-internet, #czech-republic, #europe, #european-commission, #european-union, #google-inc, #regulation-and-deregulation-of-industry, #search-engines, #seznam-as, #smartphones, #suits-and-litigation-civil

What The Microsoft-Activision Deal Means for Merger Guidelines

The F.T.C. and D.O.J. are hampered by persistent underinvestment in regulatory oversight.

#activision-blizzard-inc, #antitrust-laws-and-competition-issues, #internal-sub-only-nl, #mergers-acquisitions-and-divestitures, #microsoft-corp, #regulation-and-deregulation-of-industry

Will Congress Pass New Regulation on Big Tech? Time May Be Running Out.

With midterm elections approaching, a vote expected on Thursday could be the first of several that Congress takes on bills aimed at the industry.

#alphabet-inc, #amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #consumer-protection, #facebook-inc, #google-inc, #grassley-charles-e, #klobuchar-amy, #law-and-legislation, #mobile-applications, #united-states-politics-and-government

Elizabeth Warren Claps Back at Elon Musk

The Massachusetts senator defends her plan to tax billionaires and break up Big Tech.

#antitrust-laws-and-competition-issues, #democratic-party, #income-tax, #massachusetts, #senate, #silicon-valley-calif, #united-states-politics-and-government, #warren-elizabeth

Exclusive: Lina Khan Is (Still) Bursting Big Tech’s Bubble

The FTC Chair’s exclusive conversation with Kara Swisher and Andrew Ross Sorkin.

#antitrust-laws-and-competition-issues, #facebook-inc, #khan-lina, #microsoft-corp

Why Biden Shouldn’t Blame Inflation on Monopolies

A Biden initiative comes in for weirdly vehement criticism.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #prices-fares-fees-and-rates, #united-states-economy, #united-states-politics-and-government

Building a Better Meatpacking Industry

Instead of breaking up the big meatpacking companies, the Biden administration is supporting the creation of rivals.

#agriculture-and-farming, #antitrust-laws-and-competition-issues, #beef, #meat, #meatpacking-plants-and-slaughterhouses

Martin Shkreli Barred From Drug Industry and Must Repay $64.6 Million

A federal judge found that Mr. Shkreli violated state and federal antitrust laws by trying to maintain a monopoly over a lifesaving drug and must pay back the excess profits.

#antitrust-laws-and-competition-issues, #cote-denise, #decisions-and-verdicts, #drugs-pharmaceuticals, #prices-fares-fees-and-rates, #shkreli-martin-1983, #vyera-pharmaceuticals-llc

Do Colleges Deserve an Exemption From Antitrust Law?

It has gotten harder to justify giving them special treatment

#admissions-standards, #antitrust-laws-and-competition-issues, #colleges-and-universities, #financial-aid-education, #internal-sub-only-nl

Facebook Antitrust Suit Can Move Forward, Judge Says

The government can proceed with its claims that the company abused its monopoly power through acquisitions.

#antitrust-laws-and-competition-issues, #facebook-inc, #federal-trade-commission, #meta-platforms-inc, #suits-and-litigation-civil

Economists Pin More Blame on Tech for Rising Inequality

Recent research underlines the central role that automation has played in widening disparities.

#acemoglu-daron, #antitrust-laws-and-competition-issues, #artificial-intelligence, #computers-and-the-internet, #economics-theory-and-philosophy, #income-inequality, #innovation, #labor-and-jobs, #productivity, #united-states-economy, #wages-and-salaries

In Lawsuit, Yale and Other Elite Colleges Are Accused of Limiting Financial Aid

The federal lawsuit against Yale, M.I.T. and other colleges is the latest legal action to question admissions practices.

#admissions-standards, #antitrust-laws-and-competition-issues, #brown-university, #california-institute-of-technology, #colleges-and-universities, #columbia-university, #cornell-university, #dartmouth-college, #duke-university, #emory-university, #financial-aid-education, #georgetown-university, #massachusetts-institute-of-technology, #northwestern-university, #rice-university, #suits-and-litigation-civil, #university-of-chicago, #university-of-notre-dame, #university-of-pennsylvania, #vanderbilt-university, #yale-university

Record Beef Prices, but Ranchers Aren’t Cashing In

“You’re feeding America and going broke doing it”: After years of consolidation, four companies dominate the meatpacking industry, while many ranchers are barely hanging on.

#agriculture-department, #american-meat-institute, #antitrust-laws-and-competition-issues, #beef, #cattle, #federal-trade-commission, #international-trade-and-world-market, #jbs-sa, #meat, #meatpacking-plants-and-slaughterhouses, #prices-fares-fees-and-rates, #ranches, #supply-chain

Biden Turns to Antitrust Enforcers to Combat Inflation

A wide-ranging presidential order helped block a railroad merger and tackle supply-chain problems, and it is planting the seeds for bigger actions.

#agriculture-department, #antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #federal-maritime-commission, #federal-trade-commission, #inflation-economics, #meat, #prices-fares-fees-and-rates, #united-states-economy, #united-states-politics-and-government

As Prices Rise Due to Inflation, Biden Turns to Antitrust Enforcers

A wide-ranging presidential order helped block a railroad merger and tackle supply-chain problems, and it is planting the seeds for bigger actions.

#agriculture-department, #antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #federal-maritime-commission, #federal-trade-commission, #inflation-economics, #meat, #prices-fares-fees-and-rates, #united-states-economy, #united-states-politics-and-government

Profiteering Is in the Eye of the Beholder

Not every case of big profits is unethical or illegal.

#antitrust-laws-and-competition-issues, #coronavirus-2019-ncov, #inflation-economics, #internal-sub-only-nl, #khan-lina, #price-gouging, #prices-fares-fees-and-rates, #small-business

Penguin Random House Defends Effort to Buy Simon & Schuster

The Biden administration has challenged the deal over concerns it would harm authors, but the publisher said that argument is a misunderstanding of how the book industry works.

#antitrust-laws-and-competition-issues, #book-trade-and-publishing, #books-and-literature, #justice-department, #mergers-acquisitions-and-divestitures, #penguin-random-house, #prices-fares-fees-and-rates, #simonschuster-inc, #suits-and-litigation-civil, #writing-and-writers