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☆ Kamala Harris has a murky antitrust record. Wall Street sees an opportunity
  + stars: | 2024-08-01 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Wall Street dealmakers said they believe Vice President Kamala Harris, if she were to win the November presidential election against Donald Trump, is a clean slate on antitrust regulation and a prime opportunity to loosen the Biden antitrust regime. "I don't think Harris will go that far. So far, Harris has stayed silent on antitrust enforcement, a cornerstone of the Biden administration's big-business crackdown. The Harris campaign did not respond to a request for comment on the vice president's antitrust position.
Persons: Kamala Harris, dealmakers, Donald Trump, Biden, Harris, George Paul, it's, Bill Kovacic Organizations: Democratic, U.S, Center, Wall, Biden, Kroger, Albertsons, Federal Trade Commission Locations: Georgia, Atlanta , Georgia
☆ The national security concerns are 'severe,' former policy director says of TikTok in the U.S.
  + stars: | 2024-03-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe national security concerns are 'severe,' former policy director says of TikTok in the U.S.David Balto, former Federal Trade Commission policy director, says TikTok "has done the incredible" in bringing Republicans and Democrats together in a "dramatically divisive" Congress.
Persons: TikTok, David Balto Organizations: Federal Trade Commission, Republicans Locations: U.S
☆ Analysis: Will abandoning American help JetBlue's Spirit merger? Not by much
  + stars: | 2023-07-06 | by ( Rajesh Kumar Singh Diane Bartz | Rajesh Kumar Singh | Diane Bartz | ) www.reuters.com   time to read: +3 min
In its lawsuit filed in March aimed at stopping JetBlue's purchase of Spirit, the U.S. Justice Department (DOJ) cited as evidence JetBlue's alliance with American at airports in New York and Boston several times. Calling the partnership a "de facto merger," the DOJ argued that JetBlue's proposed purchase of Spirit, a Florida-based ultra-low cost carrier, would lead to further industry concentration. On Wednesday, JetBlue CEO Robin Hayes said ending the partnership with American has taken the DOJ's "misplaced" concerns off the table and would help when the Spirit case goes to trial in October. New York-based JetBlue, however, views the Spirit deal as a way to expand its domestic footprint amid persistent labor and aircraft shortages. American, Delta (DAL.N), United (UAL.O) and Southwest Airlines (LUV.N) control nearly 80% of the U.S. airline industry.
Persons: JetBlue's, Robin Hayes, Eleanor Fox, Fox, William Kovacic, James Speta, Speta, Rajesh Kumar Singh, Diane Bartz, David Shepardson, Richard Chang Organizations: JetBlue Airways, American Airlines, Spirit Airlines, U.S . Justice Department, DOJ, Wednesday, JetBlue, American, New York University School of Law, Spirit, Former Federal Trade, George Washington University, Virgin America, Alaska Air Group, LaGuardia, Frontier Group Holdings, Northwestern University, Northeast Alliance, Southwest Airlines, U.S, Thomson Locations: CHICAGO, WASHINGTON, American, New York, Boston, Florida, Boston . New York, New, U.S, Chicago, Washington
☆ Google stacks its legal team with former DOJ employees as it faces antitrust cases
  + stars: | 2023-03-17 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +13 min
Former DOJ employees make up both its in-house team and members of outside counsel firms it employs. Google also uses four different outside counsel firms loaded with nearly 20 former DOJ officials, many of whom worked in the Antitrust Division at various times. The DOJ made the accusation in a legal filing after Epic Games raised the concern in its own antitrust litigation against Google. Those firms collectively have around 20 former DOJ employees on their staff, many of them working in antitrust. For example, DOJ antitrust chief Jonathan Kanter previously worked for clients including Microsoft and Yelp which have complained of Google's allegedly anticompetitive behavior.
☆ YouTubers are pushing dodgy crypto investment advice. Here’s why you should ignore it.
  + stars: | 2022-09-26 | by ( Rob Price | Meghan Morris | ) www.businessinsider.com   time to read: +15 min
Together, these revenue streams mean cryptocurrency influencers profit off their viewers no matter which way the market turns. Of course, crypto YouTube is a far cry from the regulated world of traditional finance. Armstrong told the Post that he made "maybe close to a million" from before dropping sponsored content in January 2022. A price list leaked by ZachXBT appears to show that dozens of small crypto influencers also have menus for similar undisclosed deals. But with little regulatory oversight, crypto influencers show little sign of slowing down — despite the precipitous decline of the crypto market.
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