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☆ Exxon Mobil’s Pioneer Deal Is a Direct Threat to Democracy - The New York Times
▼ + stars: | 2023-10-18 | by ( Jeff D. Colgan | ) www.nytimes.com time to read: +2 min

The cumulative effect of it all on democracy would be so significant that regulators ought to be paying close attention. The Pioneer deal not only seems to be a huge bet to take advantage of that expected failure; it is also a commitment to contribute to the failure. Larger, consolidated oil companies have incentives to restrain production, restricting supply to artificially sustain high prices. Higher oil prices would mean higher gasoline prices at the pump — a classic antitrust concern. Her legal team could make a case built around the potential harm the deal would do to competition in the oil market.

Persons: Lina Khan’s Organizations: Exxon, Federal Trade Commission, Pioneer Locations: Paris, Texas

That shift in legal doctrine was profound, shaping how courts have applied antitrust law ever since. Khan’s ideas have challenged the closest thing to a sacred cow in antitrust law. The most ambitious of those never became law, but Khan’s role in the probe, which Cicilline described as “critical,” helped further raise her profile. Amazon and Meta have both pushed for Khan to recuse herself from matters involving the companies, questioning her objectivity. The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

Persons: Lina Khan, Khan, Stephanie Keith, ” Khan, “, Joe Biden, ”, William Kovacic, George W, Bush, Barry Lynn, Lynn, New America Foundation —, Obama, —, ” Lina Khan, Rong Xu, ” Lynn, it’s, ’ ”, Reagan, Robert Hockett, Khan’s, David Cicilline, Lina, ” Cicilline, Cicilline, Justin Tallis, Biden, Trump, Douglas Farrar, Gary Gensler, Tom Williams, Jonathan Kanter, Roe, Wade, Kevin Kiley, Meta, she’s, “ We’ve, they’re, Federal Trade Commission Lina Khan, Al Drago, Kathleen Bradish, Bradish, Christine Wilson, Wilson, Noah Phillips, Gabby Jones, NetChoice, Carl Szabo, “ It’s, ” Szabo, There’s, ” Kovacic Organizations: CNN, Federal Trade Commission, Amazon, FTC, Big, Microsoft, Meta, Bloomberg, Getty, Republican, White House, Williams College, New America Foundation, Washington Monthly, Yale Law, Washington Post, Cornell Law School, Big Tech, Rhode, Rhode Island Democratic, Apple, Facebook, Cambridge, Activision, SEC, Financial Services, General Government, Securities and Exchange Commission, Capitol, Justice Department, Epic Games, California Republican, Washington , D.C, American Antitrust Institute, GOP, US Federal Trade Commission, Amazon.com Inc Locations: Big Tech, Robbinsville , New Jersey, Washington, Larchmont , New York, Rhode Island, Washington ,, New York

☆ Twitter asks federal court to terminate 2022 FTC privacy settlement
▼ + stars: | 2023-07-13 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Investigators now seek to depose Musk himself, the filing said, calling for the court to intervene to stop the investigation by ending the company’s consent agreement with the FTC. The filing coincided with FTC Chair Lina Khan’s testimony before the House Judiciary Committee on Thursday, where panel Republicans are expected to grill Khan on her agency’s handling of the investigation. The origins of the FTC probe trace back to allegations first reported by CNN and The Washington Post and made by Twitter’s former head of security, Peiter “Mudge” Zatko, last summer. Zatko claimed, in a damning whistleblower disclosure predating Musk’s takeover, that Twitter suffered from deep security vulnerabilities that violated the terms of its FTC agreement. The agreement was first signed in 2011 before being updated in 2022 when regulators accused Twitter of misusing account security information, including user phone numbers, for targeted advertising purposes.

Persons: ”, Elon Musk, Musk, Lina Khan’s, Khan, Twitter’s, Peiter “ Mudge ” Zatko, Zatko Organizations: Washington CNN, Twitter, Federal Trade Commission, FTC, CNN, Washington Post

☆ Lina Khan’s Recusal Coverup
▼ + stars: | 2023-06-19 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/lina-khans-recusal-coverup-ftc-meta-merger-within-ethics-1a0eb52c

Persons: Dow Jones, lina

☆ Lina Khan’s Artificial Intelligence
▼ + stars: | 2023-05-16 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/lina-khan-openai-chatgpt-letter-federal-trade-commission-2ac7776f

Persons: Dow Jones, lina, 2ac7776f

☆ FTC says Meta should be barred from monetizing data from younger users
▼ + stars: | 2023-05-03 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

The FTC said Meta should be banned from monetizing data it collects from younger users. In a statement on Wednesday, Meta spokesman Andy Stone called the FTC proposal “a political stunt” and vowed to contest the effort. Meta had allowed personal information to leak to apps that users of the platform were no longer using, the FTC alleged. That data sharing, the FTC claimed, contrasted with Meta’s public statements about how it cuts off a third-party app’s access to Facebook users’ information if the users stop using the third-party app for 90 days. In a statement, Bedoya said he was skeptical whether there was enough of a connection between Meta’s alleged harms and the proposed remedies to legally sustain a complete ban on monetizing the data of young users.

☆ Josh Hawley, Meet Lina Khan’s FTC
▼ + stars: | 2023-03-08 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Readers sometimes ask why we pay so much attention to regulatory agencies, and there are two answers. One is that someone in the press has to do it, and the other is because the administrative state is where most of the abuse in government is these days. See nearby for an example at the Federal Communications Commission, but another is what we’ve been reporting about the Federal Trade Commission under the unrestrained Chair Lina Khan . Republicans in the House are now shining a light on Ms. Khan, and there seem to be few limits on her agency’s willingness to use its power against those she dislikes.

☆ The Many Abuses of Lina Khan’s FTC
▼ + stars: | 2023-02-15 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Federal Trade Commission Chair Lina Khan is breaking sundry regulatory norms in her rush to remake modern antitrust law, as commissioner Christine Wilson details nearby in explaining her resignation. Ms. Khan’s norm-busting ironically may make the FTC more vulnerable to legal challenges that eventually weaken its powers. President Biden first broke political norms by installing Ms. Khan as FTC Chair immediately after the Senate confirmed her by a 69-28 vote to serve on the commission. It’s customary for a President when nominating members to independent agencies to announce at the same time if they will serve as chair. Mr. Biden didn’t.

☆ The FTC Does Big Labor a Solid
▼ + stars: | 2023-01-07 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

The Biden Administration’s rule by regulation is gaining speed, and the latest example is the Federal Trade Commission’s plan to ban non-compete employment agreements. In a flash, Lina Khan’s bureaucracy will rewrite labor contracts for 30 million workers. The FTC’s proposed rule is an air kiss to Big Labor, which demanded that the agency ban non-competes in 2019. Unions want opposition to non-competes as a tool in their organizing kit. Ms. Khan tweeted that one in five U.S. workers is currently “bound” by a non-compete clause that prevents them from switching jobs and thus keeps wages lower than they would be if the employees moved freely.

☆ Microsoft Case Poses Crucial Test for FTC’s Fight Against ‘Vertical’ Mergers
▼ + stars: | 2022-12-10 | by ( Brent Kendall | Dave Michaels | ) www.wsj.com time to read: 1 min

The Federal Trade Commission argues the deal would give Microsoft the incentive and ability to degrade or withhold Activision’s content on rival systems. In challenging Microsoft Corp.’s $75 billion acquisition of Activision Blizzard Inc., the Federal Trade Commission is building its marquee antitrust case of Chair Lina Khan’s tenure on expansive legal theories that haven’t prevailed in other recent cases. The lawsuit targets a so-called vertical merger that would combine Microsoft’s software, devices and cloud-computing business with Activision’s library of blockbuster videogames. The FTC argues the deal would give Microsoft the incentive and ability to degrade or withhold Activision’s content on rival systems, principally hurting Sony , its major competitor in gaming consoles and other platforms.

☆ Stephen King makes for unlikely antitrust hero
▼ + stars: | 2022-11-01 | by ( Jennifer Saba | ) www.reuters.com time to read: +4 min

A U.S. judge blocked Penguin Random House’s $2.2 billion acquisition of rival Simon & Schuster on Monday after the Department of Justice argued it would unfairly limit pay for top authors such as Stephen King. Adding Simon & Schuster would give it 70% of the literary nonfiction market, according to NPD Book Scan. The Department of Justice drew a line in its challenge to Penguin, distinguishing highly paid writers from the rest. Follow @jennifersaba on TwitterloadingCONTEXT NEWSA U.S. judge on Oct. 31 ruled that a planned $2.2 billion merger of Penguin Random House and rival Simon & Schuster cannot go forward. German media group Bertelsmann, the owner of Penguin, agreed to buy Simon & Schuster from Paramount Global in 2020.

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