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NCAA and Wealthiest Conferences Set to File $2.77 Billion Antitrust Settlement

 |  Jul 24, 2024

The NCAA and the wealthiest athletic conferences are expected to file the full settlement agreement of several antitrust lawsuits with a federal court by the end of the week. The lawsuits challenged the restrictions on compensation for college athletes. Steve Berman, an attorney for the defendants from the Hagens Berman…

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Bosch’s $8.1 Billion Deal to Buy Johnson Controls, Hitachi HVAC Operations
 |  Jul 23, 2024

Robert Bosch has agreed to acquire the heating and air-conditioning operations from Johnson Controls International and Hitachi for $8.1 billion. This acquisition marks the largest deal in Bosch’s history and aligns with the German conglomerate’s strategic expansion plans. The transaction involves Bosch taking over the heating, ventilation, and air conditioning…

Federal Judge Upholds FTC Rule Banning Noncompete Agreements in Antitrust Case
 |  Jul 23, 2024

A federal judge on Tuesday rejected a bid by a tree-trimming company to block an FTC rule banning noncompete agreements. This rule, which aims to prohibit agreements that restrict workers from joining competitors or starting similar businesses, is poised to have far-reaching implications across various industries. U.S. District Judge Kelley…

Thailand and the Philippines Work Together to Boost Competition Regulation
 |  Jul 23, 2024

Thailand and the Philippines have entered into a new Memorandum of Understanding (MOU) focused on enhancing trade competition regulation in the agricultural and food industries. This bilateral agreement underscores the commitment of both nations to create a fair and competitive trade and investment environment. The MOU, signed between the Office…

European Leagues and FIFPRO Europe to File Antitrust Complaint Against FIFA
 |  Jul 23, 2024

In a significant escalation of the ongoing dispute with FIFA, European Leagues and FIFPRO Europe announced on Tuesday their intention to file a complaint with EU antitrust regulators regarding the international match calendar. This move intensifies the confrontation with the world football’s governing body over scheduling issues that have sparked…

FTC Launches Study on Data-Driven Targeted Pricing Practices by Eight Major Companies
 |  Jul 23, 2024

The U.S. Federal Trade Commission has initiated an inquiry into products that enable companies to set different prices for consumers based on their locations, past purchases, and other personal data. The FTC announced on Tuesday that it had ordered Mastercard, J.P. Morgan Chase, and six other companies to disclose information…

Regulators in US, EU, and UK Sign Joint Statement to Ensure Fair Competition in AI
 |  Jul 23, 2024

Regulators from the United States, European Union, and the United Kingdom have signed a joint statement to ensure effective competition in the burgeoning artificial intelligence (AI) sector, laying out principles aimed at protecting consumers and fostering innovation. The landmark agreement comes at a time when generative AI technologies are rapidly…

Bayer Faces Antitrust Battle in California Over Pet Care Market Practices
 |  Jul 23, 2024

A former unit of German life-sciences giant Bayer is confronting antitrust allegations in California federal court this week from a pet care startup claiming that the company attempted to obstruct competition for animal tick and flea treatments, Reuters reported.  Jurors in San Jose federal court listened to opening statements on…

Google Reverses Decision to Eliminate Cookies in Chrome After Four Years of Efforts
 |  Jul 23, 2024

Google has decided to retain the use of cookies in its Chrome browser, ending a four-year-long effort to eliminate the pervasive tracking technology. The decision comes after numerous setbacks and pushback from digital-advertising companies and regulators. Initially announced in 2020, Google’s plan aimed to phase out cookies by 2022. This…

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