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Search resuls for: "Antitrust Jonathan Kanter"


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Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. Kevin Wurm | ReutersPresident Joe Biden on Tuesday will launch a new task force to take on "unfair and illegal" corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of cooling inflation rates and a strong economy. The task force will be jointly led by the Federal Trade Commission and the Department of Justice, two agencies at the forefront of the Biden administration's aggressive regulatory agenda over the past three years. The announcements and the meeting are part of Biden's ongoing crusade against corporate pricing practices that he claims are unfair. Lael Brainard, vice chair of the US Federal Reserve, speaks during an interview in Washington, DC, on Monday, Nov. 14, 2022.
Persons: Lina Khan, Kevin Wurm, Joe Biden, Biden, Antitrust Jonathan Kanter, Khan, Kanter, Jonathan Kanter, Kevin Dietsch, Lael Brainard, inhalers, Brainard, Andrew Harrer Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Department of Justice, Biden, Force, Antitrust, Justice Department, White, Competition Council, Economic, Consumer Financial, Agriculture Department, US Federal Reserve, Bloomberg, Getty Locations: Washington ,, Washington , DC, U.S
WASHINGTON — Two of the nation's top corporate regulators on Thursday defended new guidelines on merger enforcement that have attracted pushback from the business community. "Which mergers go through and which ones do not can be hugely consequential for people's lives," Lina Khan, Federal Trade Commission chair said at an event hosted by the nonprofit American Economic Liberties Project. Khan was joined at the event by Jonathan Kanter, assistant attorney general for the Justice Department's antitrust division. "I think a lot of the hysteria is perhaps overblown, that we're not blocking every merger," Kanter said. The draft guidelines were released jointly by the Federal Trade Commission and the Justice Department's Antitrust Division in July.
Persons: Antitrust Jonathan Kanter, Lina Khan, Khan, Jonathan Kanter, Kanter, There's, Sen, Elizabeth Warren, Neil Bradley, Bradley Organizations: Antitrust, Federal Trade, American Bar Association Antitrust, Marriott Marquis, Washington , D.C, WASHINGTON —, Federal Trade Commission, American Economic Liberties, Justice, Justice Department's Antitrust, Albertsons, U.S . Chamber of Commerce, DOJ, FTC Locations: Washington ,
The Federal Trade Commission and the Department of Justice Antitrust Division announced on Wednesday new long-awaited guidelines on how they will enforce merger law. Almost two years ago, the FTC voted to withdraw the previous version of the vertical merger guidelines released in 2020, citing flaws. A vertical merger is a transaction between two businesses that are often in different parts of the supply chain in an industry, according to the FTC. Microsoft's proposed $68.7 billion purchase of Activision Blizzard is an example of a vertical merger, because Microsoft distributes games through its Xbox consoles and streaming services, while Activision creates the games. On the call with reporters, the FTC official and a senior DOJ official said the guidelines reflect their updated approach to enforcing merger law, emphasizing the law itself has not changed.
Persons: Antitrust Jonathan Kanter, Lina Khan, Microsoft's, Jonathan Kanter, they're Organizations: Antitrust, Federal Trade, American Bar Association Antitrust, Marriott Marquis, Washington , D.C, Federal Trade Commission, Department of Justice Antitrust, FTC, Activision Blizzard, Microsoft, Activision, Big Tech, DOJ, Facebook, Democratic, CNBC, YouTube Locations: Washington ,
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