A PYMNTS Company

Obama’s antitrust nominee to keep close eye on big business

By  |  July 29, 2012

In a nomination hearing on Thursday, William Baer, Obama’s choice for DOJ Antitrust Division Director, encouraged intense scrutiny of dominant firms. “Any time a dominant firm is in a position to hit a tipping point and abuses that position, antitrust ought to be looking,” commented Baer. Baer is considered a candidate that will likely maintain the current direction of the antitrust unit, which is currently reviewing price-fixing concerns diverse areas such as auto parts, optical disk drives, derivatives market, interest rate manipulation, and possible cable company suppression of Internet video streaming.

Full content: Reuters

 

Related content: Changing Emphasis: How Whole Foods Advances the FTC’s Efforts to Transform Merger Litigation 

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.