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The PGA Tour, DP World Tour and one-time bitter rivals LIV Golf circuit announced a landmark agreement on Tuesday to merge. But Trump, who owns three courses on LIV Golf's 14-event schedule for 2023, celebrated the deal in a Truth Social post. "Great news from Liv Golf. The PGA Tour had responded by dramatically raising prize money for some events. The deal could also be seen as good for consumers, according to Steve Ross, a sport antitrust expert at Pennsylvania State University's law school.

Persons: Donald Trump, Yasir Al, LIV, Read, Jamal Khashoggi, Rumayyan, Richard Blumenthal, Chris Murphy, Trump, LIV Golf's, Liv Golf, PGA's, Seth Bloom, hasn't, Steve Ross, Nevena Simidjiyska, Diane Bartz, Echo Wang, Steve Keating, Tyler Clifford, Rosalba O'Brien Organizations: Trump National Golf Club, PGA Golf, Saudi Arabia Public Investment Fund, Liv, Department of Justice, Bloom, Pennsylvania State, Reuters, of Foreign Investment, Treasury, Fox Rothschild LLP, Thomson Locations: Washington, DC, USA, Sterling , Va, WASHINGTON, Saudi, Kingdom, American, United States, U.S

That would appear to contradict the FTC's practice of preventing companies from using market power to push up prices. The FTC lawsuit spurred concern among investors who had brushed off the antitrust risk in Amgen's deal because of its limited business overlap with Horizon. "Our complaint is firmly rooted in longstanding antitrust law and we look forward to making our argument in court," an FTC spokesperson said. AMGEN OFFERS REMEDYAmgen said on Tuesday it had made an offer to the FTC in hopes of resolving the issue. "These are valid concerns that FTC has raised but what a court will do about it is uncertain," he said.

"The legal precedent is not on the side of the FTC," said Andre Barlow, an antitrust lawyer at Doyle, Barlow & Mazard PLLC. Barlow pointed to three recent mergers challenged by the FTC or Justice Department that were ultimately allowed to proceed. Those cases share something else in common with the proposed Microsoft deal: in each instance, a company would merge with a supplier in a so-called "vertical" merger. "Vertical merger challenges are really difficult to win so it will be an uphill battle for the FTC," said Roger Alford, who teaches law at the University of Notre Dame. Reuters reported last month that Microsoft was expected to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to the deal.

FTX token - which gives holders discounts on FTX trading fees - was last trading at $5.33, having slumped by more than three-quarters. Tuesday's developments left FTX investors scrambling to figure out what the deal with Binance means for their investment in FTX, according to people familiar with the matter. In late 2019, Binance invested in FTX, then a far smaller exchange, before exiting the investment in July last year. By then FTX had mushroomed into a growing rival to Binance, which dominates the crypto industry with over 120 million users. "A *huge* thank you to CZ, Binance," Bankman-Fried wrote.

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