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

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

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

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

As Gas Prices Surge, Biden Asks F.T.C. to Investigate

President Biden asked the Federal Trade Commission to look into whether big oil companies are fueling a spike in gas prices.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #federal-trade-commission, #inflation-economics, #oil-petroleum-and-gasoline, #presidential-transition-us

As Gas Prices Surge, Biden Tells F.T.C. to Investigate

President Biden asked the Federal Trade Commission to look into whether big oil companies are fueling a spike in gas prices.

#antitrust-laws-and-competition-issues, #federal-trade-commission, #inflation-economics, #oil-petroleum-and-gasoline, #presidential-transition-us

Monopoly’s Bad Cousin

Companies use market power to suppress wages as well as to raise prices. The government is finally paying attention.

#antitrust-laws-and-competition-issues, #book-trade-and-publishing, #bork-robert-h, #justice-department, #penguin-random-house, #simonschuster-inc, #united-states-economy, #wages-and-salaries, #writing-and-writers

Google Loses Appeal of $2.8 Billion E.U. Antitrust Fine

European antitrust regulators said Google gave preferential treatment to its own price-comparison shopping service over rival services.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #europe, #european-commission, #european-union, #fines-penalties, #general-court-european-union, #google-inc, #regulation-and-deregulation-of-industry, #search-engines, #vestager-margrethe

Alibaba Downplays Singles Day for a Tense Time in China

The Chinese e-commerce giant is updating its blockbuster shopping holiday for a humbler, more dutiful era in the country’s internet industry.

#alibaba-group-holding-ltd, #antitrust-laws-and-competition-issues, #china, #e-commerce, #ma-jack, #regulation-and-deregulation-of-industry, #shopping-and-retail, #tmall

Facebook Faces New Antitrust Lawsuit

The suit, filed by the now defunct photo start-up Phhhoto, accused the social network of stalling on a deal and then putting it out of business.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #facebook-inc, #instagram-inc, #meta-platforms-inc, #mobile-applications, #reback-gary-l, #social-media, #suits-and-litigation-civil, #zuckerberg-mark-e

Justice Dept. Sues Penguin Random House Over Simon & Schuster Deal

The Biden administration’s rejection of the proposed publishing merger reflects a changing atmosphere in Washington toward consolidation.

#antitrust-laws-and-competition-issues, #book-trade-and-publishing, #books-and-literature, #mergers-acquisitions-and-divestitures, #penguin-random-house, #simonschuster-inc, #writing-and-writers

Why Republican Ken Buck Believes in Antitrust and Doesn’t Believe in the ‘Big Lie’

The congressman discusses the future of his party and why he’s teaming up with Democrats on a bipartisan effort that could break up big tech.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #audio-neutral-informative, #buck-ken, #facebook-inc, #google-inc, #republican-party, #united-states-politics-and-government

Zuckerberg to Be Added to Facebook Privacy Suit

The District of Columbia case, which grew out of the Cambridge Analytica scandal, could expose the chief executive to financial and other penalties.

#antitrust-laws-and-competition-issues, #cambridge-analytica, #computers-and-the-internet, #data-mining-and-database-marketing, #facebook-inc, #privacy, #racine-karl-a, #social-media, #suits-and-litigation-civil, #united-states-politics-and-government, #washington-dc, #zuckerberg-mark-e

Trouble Comes for Big Tech

Will the industry finally have its feet held to the fire?

#antitrust-laws-and-competition-issues, #facebook-inc, #federal-trade-commission, #haugen-frances, #internal-sub-only, #kanter-jonathan-s, #ressa-maria, #senate-committee-on-the-judiciary, #whistle-blowers

Lawmakers See Path to Rein in Tech, but It Isn’t Smooth

If what faces Big Tech is anything like what happened to Big Tobacco, the road ahead is likely to be a yearslong battle over proposed rules and regulations.

#antitrust-laws-and-competition-issues, #democratic-party, #facebook-inc, #federal-trade-commission, #freedom-of-speech-and-expression, #google-inc, #justice-department, #law-and-legislation, #lobbying-and-lobbyists, #regulation-and-deregulation-of-industry, #republican-party, #rumors-and-misinformation, #smoking-and-tobacco, #social-media, #whistle-blowers

China Fines Meituan $530 Million in Second Tech Antitrust Case

The $530 million fine is Beijing’s second major penalty this year against an internet company accused of monopolistic practices.

#alibaba-group-holding-ltd, #antitrust-laws-and-competition-issues, #china, #didi-chuxing, #fines-penalties, #meituan-dianping, #regulation-and-deregulation-of-industry

Biden’s Pick for Top Antitrust Official Was a Star Corporate Lawyer

How Jonathan Kanter, the Biden administration’s choice to be the Justice Department’s antitrust chief, became a progressive foe of Big Tech.

#antitrust-laws-and-competition-issues, #appointments-and-executive-changes, #computers-and-the-internet, #conflicts-of-interest, #federal-trade-commission, #kanter-jonathan-s, #law-and-legislation, #suits-and-litigation-civil, #united-states-politics-and-government

Facebook Was Down for a Few Hours. Should It Go Away Forever?

Leaked internal documents show that the world’s dependency on Facebook and its family of apps comes at a great cost.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #debatable, #facebook-inc, #instagram-inc, #social-media, #zuckerberg-mark-e

Facebook Whistle-Blower Urges Lawmakers to Regulate the Company

Frances Haugen, who left the social network in May and leaked internal documents, gave senators rare insight into its inner workings.

#antitrust-laws-and-competition-issues, #facebook-inc, #haugen-frances, #law-and-legislation, #regulation-and-deregulation-of-industry, #senate, #social-media, #whistle-blowers, #zuckerberg-mark-e

Facebook’s Apps Went Down. The World Saw How Much It Runs on Them.

The outage disrupted the digital lives of small-business owners, politicians, aid workers and others. But for some, it was a welcome reprieve.

#antitrust-laws-and-competition-issues, #bogota-colombia, #brazil, #colombia, #computer-network-outages, #computers-and-the-internet, #facebook-inc, #instagram-inc, #instant-messaging, #latin-america, #manitoba-canada, #mexico, #mexico-city-mexico, #mobile-applications, #regulation-and-deregulation-of-industry, #rio-de-janeiro-brazil, #social-media, #whatsapp-inc

Whistle-Blower Says Facebook ‘Chooses Profits Over Safety’

Frances Haugen, a former Facebook product manager, revealed that she had provided internal company documents to journalists and others.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #corporate-social-responsibility, #data-mining-and-database-marketing, #letters, #mobile-applications, #politics-and-government, #social-media

Don’t Let Amazon Eat the Film Industry

Unlike any other streamer, Amazon brings hundreds of billions of dollars in revenue and the power of a vast network of other lines of business to the fight.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #documentary-films-and-programs, #mergers-acquisitions-and-divestitures, #metro-goldwyn-mayer-inc, #video-recordings-downloads-and-streaming

Antitrust Law Might Help You Get the Bigger Paycheck You Deserve

Millions of Americans are paid thousands or even tens of thousands of dollars less than they should be paid. Maybe antitrust law can help.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #economics-theory-and-philosophy, #justice-department, #labor-and-jobs, #united-states, #wages-and-salaries

American Airlines and JetBlue Face Antitrust Suit Over Alliance

The Justice Department said their partnership amounted to a merger in the New York and Boston markets and reduced competition more widely.

#airlines-and-airplanes, #american-airlines, #antitrust-laws-and-competition-issues, #jetblue-airways-corporation, #justice-department, #prices-fares-fees-and-rates, #suits-and-litigation-civil

How Apple’s Changes to Its Store Could Benefit App Developers

After a judge opened up a way to avoid Apple’s commission on their sales, companies big and small are seeing dollar signs.

#antitrust-laws-and-competition-issues, #apple-inc, #computer-and-video-games, #computers-and-the-internet, #epic-games, #gonzalez-rogers-yvonne-1965, #google-inc, #iphone, #match-group-inc, #mobile-applications, #sweeney-tim-1970

A Sept. 11 Conundrum

What we leave behind.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #e-commerce, #federal-trade-commission, #regulation-and-deregulation-of-industry, #september-11-2001, #social-media, #spiegel-evan, #wearable-computing

In Epic vs. Apple Court Fight, a Win for App Developers

The decision could have major implications for thousands of businesses that pay Apple billions of dollars each year.

#antitrust-laws-and-competition-issues, #apple-inc, #computer-and-video-games, #computers-and-the-internet, #cook-timothy-d, #epic-games, #gonzalez-rogers-yvonne-1965, #mobile-applications, #mobile-commerce-and-payments, #software, #suits-and-litigation-civil, #sweeney-tim-1970

Apple Gives Ground in a Strategic Retreat From Strict App Store Rules

The company, under pressure from app developers and regulators, is making concessions while protecting lucrative parts of its App Store.

#antitrust-laws-and-competition-issues, #apple-inc, #computer-and-video-games, #computers-and-the-internet, #cook-timothy-d, #iphone, #mobile-applications, #software

Justice Dept. Is Said to Accelerate Google Advertising Inquiry

The moves may result in a second antitrust lawsuit against Google before the end of the year.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #data-mining-and-database-marketing, #google-inc, #justice-department, #online-advertising, #social-media, #suits-and-litigation-civil, #united-states-politics-and-government

The Rise and Fall of the World’s Ride-Hailing Giant

Didi pushed the limits and thrived in legal gray areas. Until China cracked down.

#antitrust-laws-and-competition-issues, #car-services-and-livery-cabs, #cheng-wei-1983, #china, #didi-chuxing, #politics-and-government, #regulation-and-deregulation-of-industry, #uber-technologies-inc, #xi-jinping

Apple and Google’s Fight in Seoul Tests Biden in Washington

A proposal in the South Korean legislature is an early test of how forcefully the Biden administration will defend the companies abroad while trying to trim their power at home.

#antitrust-laws-and-competition-issues, #apple-inc, #google-inc, #law-and-legislation, #mobile-applications, #politics-and-government, #south-korea, #united-states-international-relations

U.S. Takes a New Stab at Facebook Antitrust Suit

After a judge slammed the F.T.C.’s original lawsuit, regulators returned with a more detailed case accusing the platform of being a monopoly.

#antitrust-laws-and-competition-issues, #boasberg-james-e, #computers-and-the-internet, #decisions-and-verdicts, #facebook-inc, #federal-trade-commission, #khan-lina, #social-media, #zuckerberg-mark-e

Break Up Big Chicken

Silicon Valley is in the spotlight, but harmful concentrations of corporate power are mostly found in older and less glamorous industries. 

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #bork-robert-h, #brinkley-alan, #justice-department, #mergers-acquisitions-and-divestitures, #united-states-economy

Meet the Man Who Wants You to Give Up Google

Sridhar Ramaswamy ran the tech giant’s lucrative ad machine. Now he’s betting on a new business model for search.

#antitrust-laws-and-competition-issues, #audio-neutral-informative, #computers-and-the-internet, #google-inc, #neeva-inc, #ramaswamy-sridhar, #search-engines

Biden to Urge More Scrutiny of Big Business

An executive order reflects the administration’s growing embrace of warnings by some economists that declining competition is hobbling the economy’s vitality.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #computers-and-the-internet, #drugs-pharmaceuticals, #federal-communications-commission, #federal-trade-commission, #khan-lina, #law-and-legislation, #net-neutrality, #regulation-and-deregulation-of-industry, #ships-and-shipping

Biden to Urge More Scrutiny of Tech Mergers and Data Privacy

The order is the president’s latest acknowledgment of concerns that the tech giants have obtained outsize market power.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #computers-and-the-internet, #federal-communications-commission, #federal-trade-commission, #khan-lina, #law-and-legislation, #net-neutrality, #regulation-and-deregulation-of-industry

Sun Valley’s Mogul Conference Is Back In Session

Top officials from business, government and more have returned to Allen & Company’s annual gathering of power brokers.

#antitrust-laws-and-competition-issues, #aon-corp, #didi-chuxing, #glossier, #initial-public-offerings, #venture-capital, #willis-towers-watson-plc

A Planned Biden Order Aims to Tilt the Job Market Toward Workers

Noncompete clauses, licensing requirements and corporate mergers have tended to strengthen the hand of business.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #executive-orders-and-memorandums, #labor-and-jobs, #regulation-and-deregulation-of-industry

Congress Faces Renewed Pressure to ‘Modernize Our Antitrust Laws’

After a federal judge threw out state and federal competition cases against Facebook, calls grew for lawmakers to quickly reform century-old monopoly laws.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #biden-joseph-r-jr, #boasberg-james-e, #buck-ken, #cicilline-david-n, #computers-and-the-internet, #e-commerce, #facebook-inc, #federal-trade-commission, #google-inc, #khan-lina, #law-and-legislation, #regulation-and-deregulation-of-industry, #social-media, #united-states-politics-and-government

Here are the antitrust arguments against Facebook and why a judge rejected them.

A federal judge said the Federal Trade Commission had not made its case that Facebook holds a monopoly over social networking. And he said states had waited too long to sue.

#antitrust-laws-and-competition-issues, #boasberg-james-e, #computers-and-the-internet, #facebook-inc, #federal-trade-commission, #social-media, #suits-and-litigation-civil

Boom Times for Lawyers as Washington Pursues Big Tech

Not since the government sued to break up Microsoft in the late 1990s has there been greater demand for people who know the ins and outs of corporate competition law.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #facebook-inc, #freshfields-llp, #google-inc, #legal-profession, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #suits-and-litigation-civil

Facebook Antitrust Cases Brought By FTC and States Are Thrown Out

The judge, James E. Boasberg, said that the Federal Trade Commission’s complaint lacked facts, and that the agency needed to refile it within 30 days.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #facebook-inc, #federal-trade-commission, #social-media

Juul Settles N.C. Vaping Case, Agrees to Pay $40 Million

The settlement is the first in a stream of lawsuits against the company, which has been accused of deceptive marketing practices that contributed to a wave of nicotine addiction in teenagers.

#addiction-psychology, #altria-group-inc, #antitrust-laws-and-competition-issues, #e-cigarettes, #juul-labs-inc, #smoking-and-tobacco, #suits-and-litigation-civil, #teenagers-and-adolescence, #your-feed-healthcare