European Union Executive Vice President Margrethe Vestager said she thinks the future of U.S. and EU alignment on competition enforcement looks bright, The Wall Street Journal (WSJ) reported. Vestager said she thinks there is likely to be “much more intense work when it comes to...
Big Tech-focused antitrust bills being crafted by several key senators “would force drastic changes” for some companies “and destroy products enjoyed by consumers,” Bloomberg reported. Sen. Chuck Grassley of Iowa is working with Sen. Amy Klobuchar of Minnesota on an antitrust bill he said is...
Facebook is asking Federal Trade Commission Chairwoman Lina Khan to recuse herself in an antitrust case, the second Big Tech company in as many weeks calling for the FTC head to step away from her agency’s investigation. As The Wall Street Journal reported on Wednesday...
The People’s Bank of China is warning big technology companies in the country that they will be subject to the same antitrust scrutiny and measures as Alibaba’s FinTech affiliate Ant Group, Reuters reported on Thursday (July 8). China halted Ant Group’s $37 billion initial public...
Google’s app store, Google Play, is the target of an antitrust lawsuit filed by dozens of states, The Wall Street Journal (WSJ) reported. The suit, filed in the U.S. District Court for the Northern District of California, was led by Utah. Then New York, California...
Margrethe Vestager, the European Commission (EC) executive vice-president and competition commissioner, said on Friday (July 2) that Apple can’t use privacy and security concerns to stifle competitors on its App Store, Yahoo Finance reported. Security and privacy issues were the central reasons that Apple CEO...
The U.S. Federal Trade Commission (FTC) voted to rescind a 2015 policy statement that hampered its ability to file antitrust lawsuits, effectively lowering the bar for such actions. That 2015 statement will now be done away with in favor of a new goal for the...
CNMC, the Spanish watchdog, is looking into the possibility of anticompetitive practices from companies like Apple and Amazon, a report from U.S. News says. The concerns spawned from the companies’ sales of electronic products online. “(Restrictions) would affect the retail sale of Apple products by...
Amazon wants Federal Trade Commission (FTC) Chairwoman Lina Khan to recuse herself in antitrust investigations of the company, citing her past criticisms of the mammoth retailer, The Wall Street Journal reported on Wednesday (June 30). “Given her long track record of detailed pronouncements about Amazon,...