Latest News
By Federal Newswire | Mar 15, 2024
In a recent submission to the U.S. Copyright Office (USCO), the Federal Trade Commission (FTC) and the Department of Justice’s Antitrust Division (DOJ) expressed their support for regulations that would empower consumers and businesses to repair their own products. The agencies further affirmed their commitment to promoting competition.
By Federal Newswire | Mar 15, 2024
The American Economic Liberties Project (AELP) has criticized President Joe Biden for allegedly backtracking on his commitment to antitrust. The AELP points to the "modest" increase in the 2025 budget for the Department of Justice's (DOJ) Antitrust Division and the president's failure to contest cuts to a non-budgetary revenue source for the division as evidence of this wavering.
By Federal Newswire | Mar 13, 2024
A South Korean citizen and a South Korean firm have been indicted for bid-rigging and conspiring to defraud the United States through maintenance work on U.S. military bases in South Korea. The superseding indictment was handed down by a federal grand jury in the U.S. District Court for the Western District of Texas.
By Federal Newswire | Mar 9, 2024
JetBlue and Spirit Airlines have announced the termination of their merger agreement, initially slated for July 2022. The companies expressed that they would likely fail to meet the deal’s closing requirements, which include legal and regulatory approvals, by the agreement's deadline of July 24, 2024.
By Federal Newswire | Mar 5, 2024
After an extensive four-year investigation, the European Commission has imposed a fine exceeding €1.8 billion on Apple. The Commission concluded that Apple had exploited its leading market position as a distributor of music streaming apps to iPhone users.
By Federal Newswire | Feb 29, 2024
The United States Department of Justice, along with the Attorneys General in Minnesota and New York, have initiated a civil lawsuit to prevent the acquisition of Change Healthcare by UnitedHealth Group. The authorities argue that the proposed $13 billion transaction could potentially damage competition within the health insurance and essential technologies sectors.
By Federal Newswire | Feb 27, 2024
The Federal Trade Commission (FTC) has taken action to halt the proposed acquisition of Albertsons Companies by Kroger Company. The FTC has filed an administrative complaint and authorized a federal lawsuit to prevent the merger, which is set to be the largest in U.S. supermarket history. The commission alleges that the $24.6 billion deal would create an anticompetitive environment.
By Federal Newswire | Feb 21, 2024
Open Markets, a think tank focused on monopolies and corporate consolidation, has expressed concern over the proposed merger between Capital One and Discover. The merger, announced on Monday, is set to be scrutinized by regulators as it involves a hefty sum of $35.3 billion. Sandeep Vaheesan, legal director for Open Markets, called for careful regulatory examination in a statement released yesterday.
By Federal Newswire | Feb 15, 2024
The Federal Trade Commission (FTC) and the U.S. Department of Health and Human Services (HHS) have initiated a joint Request for Information (RFI) to gather insights on the impact of group purchasing organizations (GPOs) and drug wholesalers on generic drug shortages. The agencies have set a 60-day period for comments.
By Federal Newswire | Feb 13, 2024
The European Commission has given the green light to Korean Air Lines' acquisition of Asiana Airlines, following a comprehensive investigation. However, the approval is contingent upon certain conditions being met.
By Federal Newswire | Feb 6, 2024
The Federal Trade Commission (FTC) has responded to the National Institute of Standards and Technology’s (NIST) request for information (RFI) on the Draft Interagency Guidance Framework for Considering the Exercise of March-In Rights under the Bayh-Dole Act. The FTC's comment was submitted on the final day of the comment period.
By Federal Newswire | Feb 4, 2024
U.S. Senator Ron Wyden (D-Ore.) last week introduced the Preventing Algorithmic Collusion Act, an antitrust legislation designed to prevent companies from utilizing algorithms to collude and set higher prices.
By Federal Newswire | Feb 1, 2024
Asphalt Specialists LLC and Al’s Asphalt Paving Company Inc., along with two executives from these companies, have admitted to conspiring to rig bids for paving service contracts in Michigan. The firms colluded to manipulate bids in each other's favor from 2013 through 2018.
By Federal Newswire | Jan 28, 2024
In response to the growing use of collaboration and ephemeral messaging platforms by companies, the Department of Justice (DOJ) Antitrust Division and the Federal Trade Commission (FTC) have revised their standard preservation letters and specifications. These modifications are applicable to all second requests, voluntary access letters, and compulsory legal processes.
By Federal Newswire | Jan 27, 2024
The Federal Trade Commission (FTC) has initiated an investigation into investments and partnerships related to generative artificial intelligence (AI). The FTC has issued orders to five companies—Alphabet, Inc., Amazon.com, Inc., Anthropic PBC, Microsoft Corp., and OpenAI, Inc.—to provide information as part of this inquiry.
By Federal Newswire | Jan 20, 2024
The U.S. Department of Justice (DOJ) has become a co-plaintiff in a civil antitrust lawsuit initiated by 10 state attorneys general, challenging the National Collegiate Athletic Association’s (NCAA) Transfer Eligibility Rule. The suit contends that the rule unreasonably inhibits college athletes from transferring to other colleges by limiting their eligibility to participate in intercollegiate sports and unfairly suppresses competition in the athletic services market.
By Federal Newswire | Jan 17, 2024
The U.S. Department of Justice (DOJ) has announced that the U.S. District Court for the District of Massachusetts has rejected JetBlue Airways' attempt to acquire Spirit Airlines. The court stated in its decision that the proposed $3.8 billion deal "does violence to the core principle of antitrust law: to protect the United States’ markets—and its market participants—from anticompetitive harm."
By Federal Newswire | Jan 12, 2024
Open Markets, a civil society group, has joined forces with other organisations to call for an investigation into Microsoft's $13 billion partnership with OpenAI. The coalition submitted their concerns to the Competition and Markets Authority (CMA), highlighting the potential anti-competitive implications of the partnership.
By Federal Newswire | Jan 8, 2024
The Federal Trade Commission (FTC) has revealed that the U.S. District Court for the Southern District of New York has approved its request for a preliminary injunction against IQVIA Holdings Inc., the world's largest provider of healthcare data. This action will temporarily halt IQVIA's acquisition of Propel Media, Inc. while the FTC concludes its administrative proceeding aimed at permanently blocking the proposed transaction.
By Federal Newswire | Dec 29, 2023
The Federal Trade Commission (FTC) and the Department of Justice's (DOJ) Antitrust Division have published their Hart-Scott-Rodino (HSR) Annual Report for Fiscal Year 2022. The report provides data for FY 2022 on the HSR Premerger Notification Program.
