The ruling, which is under seal, is a defeat for the Federal Trade Commission, which tried to block Meta’s deal with a rarely used antitrust argument.
Category: Antitrust Laws and Competition Issues
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How a Drug Company Made $114 Billion by Gaming the U.S. Patent System
The New York Times – Business:AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers. The monopoly is about to end.
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PGA Tour Seeks to Add Saudi Wealth Fund to Lawsuit Over LIV Golf
The New York Times – Sports:A federal judge will decide whether one of the tour’s leading avenues to investigate and challenge a new rival can be expanded.
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Ticketmaster Cast as a Powerful ‘Monopoly’ at Senate Hearing
The New York Times – Music:The Judiciary Committee, responding to the bungled sale of Taylor Swift concert tickets, heard the company apologize and its critics trace the problem to the industry’s lack of competition.
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U.S. Accuses Google of Abusing Monopoly in Ad Technology
The New York Times – Business:The Justice Department’s antitrust lawsuit, which a group of states joined, was the fifth against the company since 2020.
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Taylor Swift Fans Closely Watch Ticketmaster Senate Hearing
The New York Times – Music:Taylor Swift’s fans, fueled by Ticketmaster’s botched sales for her upcoming Eras Tour, kept close tabs on the Senate Judiciary Committee’s proceedings on Tuesday morning.
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Senators Will Prod Live Nation and Ticketmaster on Antitrust
The New York Times – Business:The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing.
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Grocery Store Merger Faces Long Road Before Approval
The New York Times – Business:Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for investors.
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U.S. Moves to Bar Noncompete Agreements in Labor Contracts
The New York Times – Business:A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
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Tim Wu, Architect of Biden Antitrust Push, to Leave White House
The New York Times – Business:Tim Wu has been a leading proponent of a more aggressive approach to reining in the power of big business.
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Microsoft Gambles on ‘Nice Guy’ Strategy to Close Activision Megadeal
The New York Times – Business:Federal regulators have sued to block the $69 billion acquisition, but the company has settled on a path forward and is preparing to force the issue.