Fresh thinking needed to keep Big Tech in check

By the Financial Times Editorial Board The Federal Trade Commission’s $5bn fine for Facebook — assuming it is approved by the Department of Justice — is both eye-catching and sets a new record. The 2 per cent rise in Facebook shares after it was reported shows how little impact the market believes it will have […]

US: Surescripts moves to dismiss FTC antitrust case

US: Surescripts moves to dismiss FTC antitrust case

Surescripts has moved to dismiss the Federal Trade Commission’s (FTC) charge from earlier this year that it holds an illegal monopoly on the e-prescribing market. This past April, the FTC alleged that Surescripts “intentionally set out to keep e-prescription routing and eligibility customers on both sides of each market from using additional platforms (a practice […]

US: FTC reportedly approves $5B settlement with Facebook

US: FTC reportedly approves $5B settlement with Facebook

The Federal Trade Commission (FTC) has reportedly approved an approximately US$5 billion settlement with Facebook (FB), suggesting a lengthy investigation into the social media company’s data privacy practices could be nearing an end. The FTC is said to have voted 3-2 in favor of the settlement, along party lines, The Wall Street Journal reported on […]

US: FTC and DOJ approve changes to HSR

US: FTC and DOJ approve changes to HSR

The Federal Trade Commission (FTC), with the concurrence of the Antitrust Division of the US Department of Justice, has approved amendments to the Hart-Scott-Rodino Rules and to the instructions for filling out the Antitrust Act Notification and Report Form (known also as the HSR Form). Companies use the HSR Form to report a proposed merger, […]

US: Bristol-Myers plans to divest psoriasis drug for merger

US: Bristol-Myers plans to divest psoriasis drug for merger

Bristol-Myers Squibb on Monday, June 24, offered to divest Celgene’s psoriasis treatment Otezla to allay concerns raised by the US competition regulator, and pushed back the closing of their US$74 billion deal. Bristol announced its plans to buy Celgene in a cash-and-stock deal in early January to bring together the companies that specialize in oncology […]

US: Dems ask for details on antitrust probes into Big Tech

US: Dems ask for details on antitrust probes into Big Tech

Seven US Senate Democrats asked the Trump administration on Friday, June 21, to disclose details of possible Federal Trade Commission and Justice Department antitrust investigations into Amazon.com, Facebook, Alphabet, and Apple. The senators, led by Senator Amy Klobuchar, a presidential candidate, wrote in the letters to FTC Chairman Joe Simons and Justice Department antitrust chief […]

The Alignment of Evidence and Economics: A Rebuttal to Ginsburg and Wright

The Alignment of Evidence and Economics: A Rebuttal to Ginsburg and Wright

June 2019 The Alignment of Evidence and Economics: A Rebuttal to Ginsburg and Wright By Joseph Kattan & Timothy J. Muris1 Click here for a PDF version of the article   Introduction In a March article in CPI’s Blog O’ Blogs, Judge Douglas Ginsburg and Professor Joshua Wright (“G&W”) criticized the Nash bargaining model of […]

US: FTC reportedly investigating YouTube over children’s privacy

US: FTC reportedly investigating YouTube over children’s privacy

YouTube may have a particularly strong incentive to change how it handles kids’ videos,  it appears to be under government scrutiny for its behavior. Sources for both the New York Times and Wall Street Journal assert that the FTC is in the “late stages” of an investigation into possible violations of kids’ privacy. Advocacy groups […]

US: FTC approves UnitedHealth’s $4.3 billion DaVita buy

US: FTC approves UnitedHealth’s $4.3 billion DaVita buy

Federal regulators approved UnitedHealth’s $4.3 billion purchase of DaVita’s physician group with the condition that theUnitedHealth sell one of its newly purchased health-care provider organizations in Nevada. The Federal Trade Commission said Wednesday UnitedHealth has agreed to divest a primary-care practice in the Las Vegas region known as HealthCare Partners Nevada to Utah-based Intermountain Healthcare. […]

US: Former FTC Chairman seeks balance in Big Tech debate

US: Former FTC Chairman seeks balance in Big Tech debate

In the debate between breaking up Big Tech and homing in more on privacy regulation, some observers propose seeking a balance. Former Federal Trade Commission (FTC) Chairman and George Washington University Law School Professor William Kovacic believes there’s a “synthesis” between the two sides, but he thinks US Sen. Elizabeth Warren (Democrat – Massachusetts) was […]

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