President-elect Donald Trump has announced key nominations that could significantly impact the regulation of cryptocurrency and Big Tech in the United States. Trump’s selection of Paul Atkins to lead the Securities and Exchange Commission (SEC) and Gail Slater to head the Justice Department’s antitrust division reflects his administration’s intention to reshape regulatory approaches in these […]
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Elon Musk, billionaire entrepreneur and co-founder of OpenAI, has expanded his lawsuit against the artificial intelligence powerhouse and its largest financial backer, Microsoft. Filed in federal court in Oakland, California, the amended complaint accuses the two entities of monopolistic practices aimed at dominating the market for generative AI, in addition to sidestepping competitors and regulatory […]
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The European Commission has imposed a record-breaking €797.72 million fine on Meta, the parent company of Facebook, for violating antitrust regulations by leveraging its dominant position in the social media market. This landmark decision marks the first instance of Meta being penalized under EU competition laws. The Basis of the Fine The fine stems from […]
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As Donald Trump anticipates a second term as U.S. president, experts suggest his administration could bring significant changes to current antitrust and regulatory policies, especially in sectors like Big Tech, mergers and acquisitions, and employment law. While Trump may continue to target Big Tech, his stance on antitrust could mark a departure from the approach […]
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The European Commission is set to announce its decision on the proposed acquisition of contract drug manufacturer Catalent by Novo Holdings, the primary shareholder of pharmaceutical giant Novo Nordisk, by December 6, 2024. This follows an official submission for approval filed by Novo Holdings on October 31, as noted on the Commission’s website. The decision […]
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The Polish Office of Competition and Consumer Protection (UOKiK) has launched an investigation into Meta, the parent company of Facebook, following recent changes to how content from Polish publishers is displayed on the platform. The UOKiK, led by President Tomasz Chróstny, is examining whether Meta’s modifications to content display could represent an abuse of its […]
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Prominent Republican lawmakers are raising concerns that Federal Trade Commission (FTC) Chair Lina Khan may have violated the Hatch Act by participating in events with Democratic politicians ahead of the November elections. House Judiciary Committee Chairman Jim Jordan (R-Ohio) and Senator Mike Lee (R-Utah), ranking member of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, […]
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Hermes, the iconic French luxury brand known for its high-end handbags, is once again facing legal scrutiny in the United States. A group of California consumers has filed an amended complaint, revising their antitrust lawsuit that accuses Hermes of unfairly requiring customers to spend significant amounts of money on other products before being allowed to […]
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The U.S. Department of Justice (DOJ) is contemplating a historic move to break up Google, marking a critical step in the government’s ongoing antitrust case against the tech giant. This possibility comes after U.S. District Judge Amit Mehta ruled in August that Google has been operating an illegal monopoly through its search engine, stifling competition […]
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In a major development for the Federal Trade Commission (FTC), a federal judge has ruled that the agency can move forward with its landmark antitrust lawsuit against Amazon. Filed in September 2023, this lawsuit accuses the retail giant of monopolistic practices that stifle competition, inflate prices, and harm both sellers and consumers. The ruling, delivered […]
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