US Antitrust Gets a European Makeover

By Joshua D. Wright, Wall Street Journal

The Federal Trade Commission finished hearing testimony last week in its administrative proceeding aimed at forcing a genomics-sequencing company, Illumina , to reverse its recent acquisition of a startup whose blood test can detect many early-stage cancers.

Ordinarily, this is an acquisition the FTC would approve. The decision to challenge Illumina indicates a radically different approach to antitrust that will prove suffocating.

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