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Antitrust Chronicle®

Antitrust Chronicle® – National Security
 |  Sep 22, 2026

Dear Readers,   For most of its modern history, U.S. antitrust defined itself partly by what it declined to consider. That separation is no longer holding. National security has entered...

National Security in U.S. Antitrust Enforcement: Toward a More Disciplined Framework
 |  Sep 22, 2026

As great-power competition between the United States and China intensifies in strategically vital sectors such as artificial intelligence and quantum computing, both countries’ antitrust regimes increasingly address national security considerations,...

The Department of War’s M&A Review Guidance: What Companies in the Defense Industry Need to Know
 |  Sep 22, 2026

In February 2026, the Department of War (“DoW”) issued guidance implementing Section 857 of the FY2024 NDAA and elevating the DoW's historically ad hoc role in defense-related M&A review to...

National Security, Resilience and the Boundaries of Merger Control
 |  Sep 22, 2026

National security considerations are becoming increasingly important in economic policymaking. Their expanding economic scope is bringing them into more frequent contact with competition enforcement, with merger control providing a particularly...

National Security and Competition: Building Resilient Telecommunications Networks
 |  Sep 22, 2026

Telecommunications networks are not ordinary hardware purchases; they are the platforms on which cloud services, artificial intelligence, energy grids, and increasingly defense communications are built, and vendor choice creates lock-in...

Europe’s Defense Investment Boom Demands a New Deal Playbook
 |  Sep 22, 2026

Europe’s defense sector is entering a period of significant investment and consolidation as governments increase defense spending, technological innovation accelerates and policymakers seek to strengthen European industrial capacity. These developments...

FDI in the Trust Economy: Examining the CFIUS Known Investor Program and Other FDI Fast-Track Programs Around the World
 |  Sep 22, 2026

As foreign direct investment (“FDI”) regimes worldwide face increasing filing volumes and regulators seek to balance the role of safeguarding national security while also facilitating foreign capital inflows, many regimes...

Tariff Shocks as Natural Experiments: Pass-Through, Market Structure, and Antitrust Risk
 |  Sep 22, 2026

Tariffs are typically viewed as instruments of trade policy, but they also provide valuable natural experiments for understanding competition and antitrust risk. Because tariffs impose common cost shocks on competing...

Antitrust Chronicle® – Computational Antitrust
 |  Sep 16, 2026

Dear Readers,   This edition of the Chronicle is devoted to computational antitrust — a term that, five years ago, still had to be defined before it could be discussed,...

The Next Five Years of Computational Antitrust
 |  Sep 16, 2026

In five years, computational antitrust has gone from a proposition to a field. More than eighty agencies now use computational tools, a literature has formed around them, a scattered set...

When Two AI Agents Talk: A Gap in Detection Capabilities
 |  Sep 16, 2026

This article turns to a detection problem that computational methods are unusually well placed to solve. Where seller-side algorithmic collusion leaves public price signals that agencies can audit, AI agents...

When Innovation Competition Has No Product Yet: Making General Innovation Competition Operational
 |  Sep 16, 2026

This article examines the European Commission’s Draft Merger Guidelines, published for consultation on 30 April 2026, and their extension of merger control from specific innovation competition — rivalry around identifiable...

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