antitrust laws News

SEC to Focus on Traditional Cases Under New Leadership, Acting Director Says

The U.S. Securities and Exchange Commission will likely focus on more traditional cases under incoming leadership, including those involving individual wrongdoing and fraud targeting elders, the agency’s acting enforcement director said on Monday. The SEC has pioneered novel enforcement theories …

Trump Administration Dismisses Democratic FTC Commissioners

The Trump administration dismissed two Democrats on the US Federal Trade Commission on Tuesday, in the latest example of the White House asserting control over US agencies. The commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter, were told of their dismissal …

Trump Taps Andrew Ferguson to Replace Lina Khan as FTC Chair

U.S. President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday. Ferguson, one of two Senate-confirmed Republican FTC commissioners appointed by President Joe Biden, will be …

How Will the Antitrust Showdown Launched Under Biden Change Under Trump?

The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators …

Supreme Court Lets Stand Ruling Curbing Bid-Rigging Prosecutions

The US Supreme Court left intact a ruling that curbs the Justice Department’s ability to use federal antitrust law to prosecute people and companies for bid-rigging, price-fixing and other collusion. The justices, without comment, turned away a Biden administration appeal …

US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is …

US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia

The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, according to a source …

Global Insurers’ Climate Alliance Relaunches After Member Exodus

A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership requirements in response to companies fleeing over allegations of collusion by Republican politicians in the United States. The …

JetBlue, Spirit Airlines Call Off $3.8B Merger on Antitrust Hurdle

Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after a U.S. judge blocked the deal in January on anti-competition concerns. A successful deal would have created the fifth-largest carrier …

UnitedHealth Faces Antitrust Probe by US Justice Department

The US Department of Justice has initiated an antitrust investigation into UnitedHealth Group Inc., people familiar with the matter said Tuesday. The probe opens a new layer of scrutiny on the largest US health insurer that operates in pharmacy benefits, …