US: FTC to look closely at EU’s US$5b Google fine

US: FTC to look closely at EU’s US$5b Google fine

The Federal Trade Commission (FTC) Chairman Joseph Simons told lawmakers Wednesday, July 18, that he will look at the European Union’s move to fine Google US$5 billion for antitrust violations pertaining to the Android mobile operating system. Reuters, citing comments Simons made during a hearing in front of lawmakers, reported the FTC head said he […]

South Korea: KFTC probes convenience store franchisers

South Korea: KFTC probes convenience store franchisers

South Korea’s Fair Trade Commission (KFTC) has initiated an on-site investigation on the country’s third and fourth largest convenience store franchisers 7-Eleven under Lotte Group and E-Mart24 under Shinsegae Group in search of any unfair practices toward franchisees, a move suspected of trying to win favor with convenience store owners readying collective action against another […]

US: Seeks to challenge Sinclair/Tribune deal

US: Seeks to challenge Sinclair/Tribune deal

US Federal Communications Commission (FCC) Chairman Ajit Pai said Monday, July 16, that he has “serious concerns” about the proposed merger between the Sinclair Broadcast Group and Tribune Media, reported the Wall Street Journal. Mr. Pai said in a written statement that the evidence suggests that proposed station divestitures by Sinclair to meet FCC media-ownership regulations […]

US: FTC clears Takeda’s proposed US$62b Shire takeover

US: FTC clears Takeda’s proposed US$62b Shire takeover

Takeda Pharmaceutical has received US regulatory approval for its US$62 billion takeover of Irish drugmaker Shire, clearing a “significant” hurdle to completing Japan’s largest-ever outbound acquisition, reported Bloomberg. The purchase remains subject to a number of conditions, the Japanese company announced in a statement Tuesday, July 10, including other regulatory clearances and approval by shareholders […]

US: Open Markets Institute’s antitrust pro joins FTC

US: Open Markets Institute’s antitrust pro joins FTC

Khan, the director of legal policy at Washington think tank Open Markets Institute, will work as a legal fellow for the next few months for Chopra, one of two Democratic commissioners at the agency, he said Monday on Twitter, reported Bloomberg. “Lina is sharp as a tack and works her fingers to the bone,” Chopra […]

US: House Republican calls for renewed antitrust probe of Google

US: House Republican calls for renewed antitrust probe of Google

Rep. Todd Rokita, a conservative Republican from Indiana, has called for the federal government to reopen an antitrust investigation Google’s search engine reported The Hill. In a letter Thursday to the Federal Trade Commission and the Justice Department, Rokita noted that Google controls over 85% of the internet search market, up from 71% when the […]

EU: Commission conditionally clears Tronox to buy Cristal

EU: Commission conditionally clears Tronox to buy Cristal

On Wednesday The European Commission cleared US chemical group Tronox to buy Saudi Arabia’s Cristal, on the condition that it sells its global business in titanium dioxide pigment for paper laminate. The merger has a pending case against it in the US Federal Trade Commission’s internal tribunal. The Commission had investigated the market of titanium […]

US: Expanded Federal probe hurts Facebook

US: Expanded Federal probe hurts Facebook

Following news that the US government probe into the Facebook data breach connected with Cambridge Analytica has widened, shares of the company dropped 2% in early trading on Tuesday, July 3. The fall took approximately US$12 billion off Facebook’s market valuation, Reuters reported. While shares of Facebook did lose approximately 18% of their value in […]

US: Senators ask FTC to review Biosimilar patent settlements

US: Senators ask FTC to review Biosimilar patent settlements

United States Senators Chuck Grassley (R-Iowa) and Amy Klobuchar (D-Minn.) recently sent a letter to Federal Trade Commission (FTC) Chairman Joseph Simons urging the “FTC to examine global patent settlements relating to biosimilars to ensure they are not in violation of antitrust laws.” According to the Senators, “biologics constitute a substantial and increasing portion of […]

US: AbbVie owes US$488m in antitrust case

US: AbbVie owes US$488m in antitrust case

A US judge on Friday, June 29, found that Abbvie Inc used sham litigation to illegally prevent generic versions of testosterone gel AndroGel from getting to market and ordered the drugmaker and its partner to pay US$488 million, reported Reuters. The ruling by US District Judge Harvey Bartle in Philadelphia came in an antitrust lawsuit […]

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