European Union antitrust chief Margrethe Vestager is scheduled to meet with top executives from leading technology companies, including Apple, Alphabet, Broadcom, and Nvidia, during her visit to the United States next week. The meetings, taking place in San Francisco and Palo Alto on Thursday and Friday, will focus on European digital regulation and competition policy.
Vestager’s discussions come at a crucial time, just a month after she resumed her role following an unsuccessful bid to lead the European Investment Bank. Antitrust experts anticipate that Vestager will adopt a tougher stance in both merger and competition investigations, signaling potential challenges for companies under scrutiny.
The lineup of executives set to meet with Vestager includes Apple CEO Tim Cook, Alphabet CEO Sundar Pichai, and its Chief Legal Officer Kent Walker, Broadcom CEO Hock Tan, and Nvidia CEO Jensen Huang. Additionally, Vestager will engage with OpenAI’s Chief Technology Officer Mira Murati and its Chief Strategy Officer Jason Kwon.
Related: EU’s Vestager Sees No Need For Regulation In The Metaverse
The key focus of the discussions will be European digital regulation and competition policy, reflecting the growing significance of technology companies in the global market. Vestager’s meetings hold particular importance as they coincide with ongoing investigations, such as Apple’s offer to allow rivals access to its tap-and-go mobile payments systems to settle Vestager’s probe and potentially avoid a substantial fine.
The European Commission is expected to seek feedback from rivals and customers later this month, although a final decision has not been reached, according to sources familiar with the matter. Vestager’s meeting with Alphabet on January 11 is notably timed with an adviser to Europe’s top court set to offer a non-binding recommendation on whether to accept or reject Alphabet unit Google’s appeal against a EUR2.42-billion (USD2.6 billion) EU antitrust fine related to market abuse in its shopping service.
Source: Borneo Bulletin
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI