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REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 29 (Reuters) - Cigna (CI.N) and Humana (HUM.N), two of the biggest U.S. health insurers, are in talks for what could be the largest merger announced in 2023, according to a source familiar with the matter. A Humana and Cigna combination would give the merged company the scale to rival UnitedHealth Group (UNH.N) and CVS Health (CVS.N). In July 2016, the Justice Department filed lawsuits against two health insurance mergers on the same day, saying they would lead to less competition and higher prices for Americans. Health insurers have been facing higher medical costs as people return for procedures they had put off during the pandemic. Humana in February said that it would sell its commercial business but keep its Medicare Advantage products.
Persons: Andrew Kelly, Cigna, Cigna's, Aetna, Bill Baer, Andre Barlow of Doyle, Barlow, Mazard, Bernstein, Lance Wilkes, Craig Garthwaite, Manas Mishra, Diane Bartz, Deena Beasley, Caroline Humer, Bill Berkrot Organizations: Humana Inc, REUTERS, Street Journal, UnitedHealth, CVS Health, Humana’s, Medicare, Affordable, Justice Department, Humana, U.S ., Reuters, Northwestern University, Thomson Locations: Queens , New York City, U.S, Cigna, Bengaluru, Washington, Los Angeles
The back-and-forth came in the federal government’s first monopoly trial since it tried to break up Microsoft more than two decades ago. If Google wins, it could act as a referendum on increasingly aggressive government regulators, raise questions about the efficacy of century-old antitrust laws and further embolden Silicon Valley. The Justice Department has filed a second lawsuit against Google over its advertising technology, which could go to trial as early as next year. The Federal Trade Commission is separately moving toward a trial in an antitrust lawsuit against Meta. Investigations remain open in efforts that could lead to antitrust lawsuits against Amazon and Apple.
Persons: Judge Amit P, Mehta, , Bill Baer, Biden Organizations: Microsoft, Google, U.S, District of Columbia, Justice Department, The, Federal Trade Commission, Meta, Amazon, Apple
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Assistant AG Bill Baer weighs in on the future of antitrust lawBill Baer, Fmr. Assistant Attorney General, joins 'Power Lunch' to discuss the future for antitrust law.
Persons: Bill Baer, Fmr
JetBlue will face "an uphill battle" as it fights the government," said Diana Moss, president of the American Antitrust Institute. "If I'm JetBlue, that's where I focus right now, developing that divestiture offer and lining up a buyer to 'litigate the fix,'" said Dryden. Whatever arguments JetBlue uses, a court fight could last six to eight months and cost tens of millions of dollars in attorney fees, legal experts said. Bill Baer, head of the Justice Department's antitrust division under former President Barack Obama, said the government's complaint "shows that there is meaningful competition between Spirit and JetBlue." "JetBlue brags about the 'JetBlue effect,' where they enter a market and fares tend to go down," he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpirit-JetBlue merger: Here's why DOJ is concerned about this dealBill Baer, visiting fellow at the Brookings Institution, joins 'Squawk Box' to discuss the merger between JetBlue and Spirit Airlines, JetBlue's stance in this battle, and more.
Soon, however, Twitter began throwing up roadblocks — marking links to Mastodon as “unsafe” and potentially malicious, blocking tweets containing those links and preventing users from adding Mastodon links to their profiles. Now, legal experts are pondering whether there may be anticompetitive or other regulatory implications arising from Twitter’s blocking of Mastodon links. Eugen Rochko, the founder and CEO of Mastodon, has not publicly addressed Twitter’s link blocking, but has amplified a public report about it. Baer added that Twitter’s link blocking doesn’t just raise potential competition concerns. And prior to Thursday, there did not appear to be grounds for Twitter to claim that Mastodon links were unsafe.
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