The UK’s Competition and Markets Authority (CMA) has completed its investigation into Microsoft’s acquisition of assets from Inflection AI, Inc. The CMA determined that while this deal falls under its merger control jurisdiction, it does not pose a significant threat to competition in the UK market. The main concern was whether this acquisition might reduce […]
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Alphabet Inc.’s Google is set to face a significant antitrust trial next week, where the U.S. Department of Justice (DOJ) will challenge the tech giant’s control over the digital advertising market. This trial marks the second major antitrust case against Google, following a recent legal victory for the DOJ, where a judge ruled that the […]
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Nvidia, the leading force in artificial intelligence (AI) hardware, witnessed an extraordinary decline in its market value, losing nearly $300 billion in a single day. This marks the largest one-day drop in the company’s history, spurred by a broader sell-off in AI stocks and an escalating antitrust investigation by the U.S. Department of Justice (DOJ). […]
Continue ReadingThe Spanish competition authority, Comisión Nacional de los Mercados y la Competencia (CNMC), has imposed a substantial fine of €413.24 million (approximately $447 million) on the online travel agency Booking.com. The fine, announced on Tuesday, stems from findings that the company abused its dominant market position over the past five years, particularly affecting hotels in […]
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Margrethe Vestager, the European Union’s formidable competition commissioner, is set to step down later this year, marking the end of a decade-long tenure that has seen her become a key figure in the regulation of global tech giants. Known for her rigorous enforcement of antitrust laws, Vestager’s departure signals a significant shift in the EU’s […]
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In a significant legal development, the District of Columbia’s antitrust case against Amazon has been revived by the DC Court of Appeals. The case, originally filed by former DC Attorney General Karl Racine in 2021, alleges that Amazon’s business practices unlawfully stifle competition and inflate prices on rival platforms. The lawsuit was dismissed in 2022 […]
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In a significant move that could reshape the technology landscape, the U.S. Department of Justice (DoJ) is reportedly considering breaking up Alphabet’s Google after a federal judge ruled that the tech giant had illegally monopolized the online search market. According to reports from the New York Times and Bloomberg News, among the potential remedies being […]
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The European Commission has accused Indian pharmaceutical company Alchem International of participating in a cartel to fix the prices of a key pharmaceutical ingredient, a move that could result in significant financial penalties for the company. The Commission, acting as the European Union’s competition watchdog, has issued a statement of objections to Alchem, detailing its […]
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The U.S. Justice Department and the Federal Trade Commission (FTC) have formalized an agreement that paves the way for potential antitrust investigations into Microsoft, OpenAI, and Nvidia. This decision underscores the increasing regulatory scrutiny on these tech giants, which dominate the burgeoning artificial intelligence (AI) industry. The arrangement between the two agencies, confirmed by a […]
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Apple Inc. has initiated legal proceedings to overturn a €1.8 billion ($1.9 billion) fine imposed by the European Union for allegedly restricting fair competition in the music streaming market. he tech giant filed a suit at the EU’s General Court in Luxembourg, aiming to nullify the decision made by the European Commission in March. This […]
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