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The Antitrust Week In Review

Posted  10/26/20

Here are some of the developments in antitrust news this past week that we found interesting and are following.

F.T.C. Decision on Pursuing Facebook Antitrust Case Is Said to Be Near.  The Federal Trade Commission is moving closer to a decision about filing an antitrust lawsuit against Facebook for its market power in social networking, according to two people with knowledge of the agency’s talks.  The five...

Payments News Update – October 22, 2020

Posted  10/22/20
Legal and Regulatory Developments SPOTLIGHT: UK Retailers Attack Visa and Mastercard Over Card Fees Finextra – October 20, 2020 The latest payments survey from the British Retail Consortium (BRC) shows card use continuing to rise steadily from 54% of transactions in 2016 to 61% in 2019. At the same time, the cost to retailers of accepting payments reached £1.1 billion in 2019, of which £950m was from card...

The Antitrust Week In Review

Posted  10/19/20

Here are some of the developments in antitrust news this past week that we found interesting and are following.

Pilgrim’s Pride to Pay $110 Million to Settle Charges of Fixing Chicken Prices.  Pilgrim’s Pride, one of the largest poultry producers in the United States, said on Wednesday that it would pay $110.5 million to settle federal charges that it had helped fix prices and then passed on higher costs for...

Payments News Update – October 16, 2020

Posted  10/16/20
Legal and Regulatory Developments SPOTLIGHT: 10 Ways Fintech, Payments Are on the Ballot in the 2020 House Election PaymentsSource – October 11, 2020 As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services. The representatives voters send to Congress in 2021 will play a role...

The Antitrust Week In Review

Posted  10/12/20

Here are some of the developments in antitrust news this past week that we found interesting and are following.

Microsoft Says App Stores Should Be More Competitive.  Microsoft said on Thursday that it would give developers more control in its app store, providing a sharp contrast to Apple, which is facing growing pressure for its firm grip on its App Store.  Microsoft said it was adopting 10 “principles” for...

Payments News Update – October 8, 2020

Posted  10/8/20
Legal and Regulatory Developments SPOTLIGHT: House Panel Says Big Tech Wields Monopoly Power Wall Street Journal – October 6, 2020 America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other...

The Antitrust Week In Review

Posted  10/5/20

Here are some of the developments in antitrust news this past week that we found interesting and are following.

Big Companies Are Starting to Swallow the World.  The next six months could witness one of the biggest consolidations of corporate power in the United States in almost a century, yet a variety of legal and economic factors may leave the federal government unable to stop it.  The essence of the problem is...

The Antitrust Week In Review

Posted  09/28/20

Here are some of the developments in antitrust news this past week that we found interesting and are following.

U.S. FTC moves for rehearing of Qualcomm antitrust defeat.  The U.S. Federal Trade Commission on Friday filed a motion to rehear an antitrust lawsuit it lost on appeal against chip firm Qualcomm Inc. The regulator asked the U.S. Ninth Circuit Court of Appeals for an “en banc” hearing before an 11-judge...

The Antitrust Week In Review

Posted  09/21/20
Here are some of the developments in antitrust news this past week that we found interesting and are following. Spotify criticizes new Apple services bundle on antitrust grounds.  Streaming music firm Spotify Technology SA SPOT.N on Tuesday criticized rival Apple Inc AAPL.O, saying that a new subscription bundle offer from the iPhone maker abuses its dominant market position by favoring its own Apple Music...

New York Could Lead the Nation Into 21st Century Antitrust Enforcement

Posted  09/16/20
By Grant Petrosyan
By Grant Petrosyan New York is on the verge of revamping state antitrust enforcement to tackle competition issues of the 21st Century. On September 14, 2020, the Consumer Protection Committee of the New York State Senate held a virtual antitrust hearing regarding Senate Bill S8700, which is known as the “Twenty-First Century Anti-Trust Act.”  The proposed legislation, which, New York State Senator Michael...
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