Latest News
FTC issues orders to Alphabet, Amazon, Anthropic, OpenAI and Microsoft in AI inquiry
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.
DOJ joins 10 states in lawsuit challenging NCAA's transfer rule
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.
Federal court blocks $3.8 billion JetBlue Airways and Spirit Airline merger
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."
Coalition calls for investigation into Microsoft's partnership with OpenAi
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.
Federal court grants FTC motion to temporarily block IQVIA and Propel Media deal
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.
FTC and DOJ release annual Hart-Scott-Rodino report
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.
The pressure against Apple and Google is building in Japan
By Federal Newswire | Dec 29, 2023
Tech giants Apple and Google, who have been embroiled in numerous antitrust battles in the United States, are now facing mounting pressure in Japan. As per a report by Nikkei Asia, Japan is gearing up to implement new regulations that could compel these two technology behemoths to permit third-party app stores on their mobile operating systems.
The FTC and Justice Department publish the 2023 Merger Guidelines
By Federal Newswire | Dec 19, 2023
The U.S. Justice Department and the Federal Trade Commission (FTC) have jointly announced the publication of the 2023 Merger Guidelines. These guidelines elucidate the factors and frameworks that these agencies utilize in their review of mergers and acquisitions.
Illumina to divest GRAIL after federal appeals court sides with the FTC
By Federal Newswire | Dec 19, 2023
Illumina, Inc., a biotechnology firm, has announced its decision to divest GRAIL, a company specializing in noninvasive, multi-cancer early detection (MCED) liquid biopsy tests utilizing DNA sequencing. This decision comes in the wake of a ruling by the U.S. Court of Appeals for the Fifth Circuit, which agreed with the Federal Trade Commission (FTC) that the acquisition could potentially harm competition within the cancer detection test market.
Jury concludes Google engaged in anticompetitive conduct in Epic Games case
By Federal Newswire | Dec 17, 2023
Epic Games has celebrated the verdict delivered by a jury in a California court in its case against Google, describing it as a victory for app developers and consumers. The company asserts that the decision confirms Google’s app store practices exploit its monopoly power.
FTC says Sanofi’s termination of $755M Maze deal is a win for Pompe sufferers
By Federal Newswire | Dec 15, 2023
The Federal Trade Commission (FTC) has decided to dismiss its case aimed at preventing Sanofi from acquiring an exclusive license for a therapy in development by Maze Therapeutics for the treatment of Pompe disease. This decision was taken following Sanofi's termination of the proposed deal.
The Institute for Energy Economics and Financial Analysis publishes new report on private equity's risk to communities
By Federal Newswire | Dec 9, 2023
The Institute for Energy Economics and Financial Analysis (IEEFA) has published a report titled "Private equity in PJM: Growing risks for communities." The report evaluates the escalating risk to communities that are home to private equity (PE)-owned fossil fuel plants.
Anticompetitive practices in the healthcare industry are a top priority at the FTC, DOJ and HHS
By Federal Newswire | Dec 9, 2023
The Federal Trade Commission (FTC) has recently publicized its collaborative efforts with the Department of Justice (DOJ) and Department of Health and Human Services (HHS) to eradicate anticompetitive practices in the healthcare industry. The FTC asserts that these practices contribute to escalated healthcare costs, diminished innovation in both the healthcare and pharmaceutical sectors, and substandard working conditions.
Federal Trade Commission releases its annual Report on Ethanol Market Concentration
By Federal Newswire | Dec 4, 2023
The Federal Trade Commission (FTC) has recently publicized its 2023 Report on Ethanol Market Concentration, following a unanimous vote of 3-0 in favor of the report's approval. This report forms part of an annual review process mandated by the Energy Policy Act of 2005, aimed at scrutinizing the state of competition within the ethanol production industry in America.
South Bay, Florida-based fined for violating employee safety protocol
By Federal Newswire | Nov 30, 2023
A private state prison for men, located in South Bay, Florida was discovered to be in violation of recognized safety practices which left its employees vulnerable to attacks from prisoners. This disregard for standard protocol was uncovered during a federal investigation by the U.S. Department of Labor (DOL).
Vera Institute of Justice Report: Local OVP/ONS could 'redefine public safety'
By Federal Newswire | Nov 27, 2023
``` The Vera Institute of Justice has announced "Coordinating Safety: Building and Sustaining Offices of Violence Prevention and Neighborhood Safety," a new report that spotlights how centralized local offices of violence prevention or neighborhood safety (OVP/ONS) could play a key role in curbing crime in U.S. communities while lessening the load for police departments. This timely research comes as part of Vera's ongoing efforts to redefine public safety through data-driven, community-oriented approaches. The details around the new initiative begin to...
NAM urges Congress to pass the Miscellaneous Tariff Bill before the end of the year
By Federal Newswire | Nov 22, 2023
On November 15, the National Association of Manufacturers (NAM), joined by more than 200 manufacturers and industry partners, converged on Capitol Hill to press lawmakers to pass a Miscellaneous Tariff Bill before the end of 2023. U.S. manufacturers have been operating without an MTB for almost three years, putting them at a disadvantage to foreign competitors. This event took place as part of the NAM's ongoing effort to support US businesses and sustain domestic competitiveness.
FTC is suing to prevent John Muir from acquiring San Ramon Regional Medical Center
By Federal Newswire | Nov 22, 2023
The Federal Trade Commission is suing in federal court to prevent John Muir Health from acquiring sole ownership of San Ramon Regional Medical Center, LLC from majority owner Tenet Healthcare Corporation. The FTC alleges the proposed $142.5 million deal would eliminate competition between the two, leading to a rise in healthcare costs for consumers.
Kraken charged by the SEC for operating as an unregistered securities exchange
By Federal Newswire | Nov 21, 2023
The Securities and Exchange Commission charged Kraken for operating their crypto trading platform unregistered. This incident represents an effort to tighten control over crypto platforms by the authorities, especially in the United States.
Heather on Amazon antitrust case: 'FTC has put Amazon between a rock and a hard place'
By Federal Newswire News Reports | Nov 20, 2023
The Federal Trade Commission’s lawsuit against Amazon.com, Inc., faces internal inconsistencies with the agency’s laws and the company’s policies.
