Antitrust news and reports on Federal Newswire

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SVB Securities: 'Second requests require both parties to provide additional information to assess the legality of the transaction'
Antitrust

The Federal Trade Commission has requested more information from Pfizer and Seagen relating to the $43 billion merger proposal, a Seattle biotech Securities and Exchange Commission file revealed.


Venkatasubramanian: 'It’s the fear of these systems and our lack of understanding of them that is making everyone have a collective freak-out'
Antitrust

Earlier this month, the Federal Trade Commission submitted an extensive Civil Investigative Demand to the maker of ChatGPT.


Surescripts: 'We're pleased that this agreement brings an end to the FTC’s litigation'
Antitrust

This past week, the U.S. Federal Trade Commission settled a lawsuit accusing Surescripts of operating illegally to maintain monopolies over the electronic prescriptions market.


Chopra: 'Banks can expect a more rigorous review of applications'
Antitrust

A recent Reuters report examined the increased scrutiny U.S. lenders could face following the update release by the Federal Trade Commission and the Department of Justice regarding merged guidelines.


Germundson: 'The drop-off in deal count continues as we move through 2023'
Antitrust

A report released by OPTIS Partners' M&A database counts a total of 359 confirmed insurance agency mergers and acquisitions during the first half of this year.


Angle: 'We've reached an amended agreement with Amazon that reflects the incurrence of iRobot's new debt'
Antitrust

Amazon and iRobot have modified the price per share of their existing terms of their merger agreement.


Jones: 'Independent grocers have been put at critical disadvantage relative to their dominant competitors'
Antitrust

The National Grocers Association (NGA) has expressed positive feedback regarding the updated merger enforcement guidelines.


Garland: 'These updated merger guidelines respond to modern market realities'
Antitrust

The Federal Trade Commission and the Department of Justice are now accepting public commentary after the most recent guideline draft update.


Summers: “These guidelines — by moving away from an emphasis on lower prices for consumers to broader abstractions — are a substantial risk”
Antitrust

Former Treasury Secretary Lawrence Summers referred to the new refined mergers guidelines as “almost like a war on business.”


Vedova: 'Protecting competition in the emerging health care programmatic advertising market plays a critical role in lowering health care costs'
Antitrust

The Federal Trade Commission filed a lawsuit against IQVIA Holdings Inc. in an effort to block its Propel Media Inc. acquisition.


Alioto: 'The merger between Microsoft and Activision would be one of, if not the, largest technology mergers in history'
Antitrust

Supreme Court Justice Elena Kagan Tuesday recently confirmed the court’s decision to reject an emergency request to block Microsoft and Acitivison Blizzard’s merging deal.


TechNet CEO Moore on New proposed Merger: 'This will have devastating and unintended consequences on our global competitiveness and national security.'
Antitrust

This week, Linda Moore, TechNet CEO and President issued a press release remarking that tightening the reins on mergers and acquisitions could actually decrease American competitiveness.


Federal Trade Commission Chair Khan: 'we are updating our enforcement manual to reflect the realities of how firms do business in the modern economy'
Antitrust

Federal Trade Commission Chair Lina Khan voiced her support of the FTC updating its regulatory framework regarding Mergers and acquisitions to suit today's economy. Her remarks can be found in a July 19th FTC press release.


Garland: 'These updated merger guidelines respond to modern market realities'
Antitrust

The U.S. Department of Justice and the Federal Trade Commission recently updated the merger guidelines.


FTC's Levine: 'Celsius touted a new business model but engaged in an old-fashioned swindle'
Antitrust

A bankrupt cryptocurrency platform has been permanently prohibited from managing client assets and given a suspended $4.7 billion judgement in a settlement with the Federal Trade Commission (FTC). The FTC's case will proceed in federal court against three former company executives, who have not agreed to a settlement.


JetBlue: 'we are ready to be a force for good in the industry'
Antitrust

JetBlue Airlines recently issued a press release to announce plans to terminate the Northeast Alliance (NEA) following a court's ruling that it cannot continue in its current form.


Apple: 'Apple Inc. respectfully requests that this Court stay the mandate'
Antitrust

Apple Inc. recently requested a stay of the mandate in the ongoing Epic Games v. Apple case, pending the filing of a petition for a writ of certiorari with the Supreme Court.


Blumenthal: PGA Tour-LIV hearing ‘about much more than the game of golf’
Antitrust

A Senate subcommittee held a hearing July 11 to examine the controversial PGA Tour/LIV Golf merger.


Khan: 'Much has changed in the 45 years since the HSR Act was passed'
Antitrust

The Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice jointly proposed changes to the premerger notification form and associated instructions, as well as the premerger notification rules that implement the Hart-Scott-Rodino (HSR) Act.


Former FTC Chief Technologist Chilson: 'The FTC case here, while big in numbers, is somewhat on very strange and somewhat shaky legal ground, I think'
Antitrust

Former FTC Chief Technologist Neil Chilson voiced his surprise at the Federal Trade Commission's (FTC) allegations of deceptive practices against Amazon due to its Prime service