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Top related persons:
Elizabeth Warren - 1 Ron Wyden - 1 LIV - 1 Elizabeth Warren of - 1 General Merrick Garland - 1 Jonathan Kanter - 1 Connecticut Democratic Sen - 1 Richard Blumenthal's - 1
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Sens Washington , DC Elizabeth Warren of Massachusetts U.S Saudi Saudi Arabia
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Search resuls for: "DOJ's Antitrust"


4 mentions found


☆ Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf merger
  + stars: | 2023-06-14 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +4 min
WASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a Justice Department investigation into the merger agreement between the PGA Tour and Saudi-funded LIV Golf. The letter follows Connecticut Democratic Sen. Richard Blumenthal's inquiries to PGA Tour Commissioner Jay Monahan and LIV Golf CEO Greg Norman for details on the merger. The PGA Tour also insists the deal isn't a merger and that Saudi Arabia's Public Investment Fund will be a minority investor. The deal between the PGA Tour and LIV Golf would put an end to pending antitrust litigation between the two golf organizations. Family members of 9/11 victims have protested the Saudi golf league due to the terrorists' ties to the country.
Persons: Elizabeth Warren, Ron Wyden, LIV, Elizabeth Warren of, General Merrick Garland, Jonathan Kanter, Connecticut Democratic Sen, Richard Blumenthal's, Jay Monahan, Greg Norman, Monahan, LIV Golf, DOJ didn't, Yasir Al, Rumayyan, LIV Golf's, Osama Bin Laden, Prince Mohammed bin Salman, Jamal Khashoggi, Warren, Wyden, –, Jessica Golden Organizations: U.S, Capitol, WASHINGTON —, Democrats, Justice Department, PGA Tour, Saudi, LIV Golf, Oregon, Connecticut Democratic, Saudi Arabia's Public Investment Fund, DOJ, CNBC, PGA, Public Investment Fund, Washington Post, Senate Banking Committee, Finance Locations: Sens, Washington , DC, Elizabeth Warren of Massachusetts, U.S, Saudi, Saudi Arabia
☆ We're concerned about Alphabet’s ad-based business model due to AI competition and the DOJ's lawsuit
  + stars: | 2023-02-13 | by ( Paulina Likos | ) www.cnbc.com   time to read: +6 min
It's Alphabet (GOOGL) versus Microsoft (MSFT) in artificial intelligence — and after decades of owning search, Google finds itself looking over its shoulder. The back-to-back decline last Wednesday and Thursday in Alphabet stock was the biggest two-session losing streak since March 2020. "The quality of large AI models is highly dependent on quality of data," and Google search has a huge lead given usage of Search, Chrome and Android, Jefferies analysts argued. "It is tough when you have the Justice Department saying you have a monopoly and when you have the monopoly being destroyed at the same time by Microsoft," Jim said. Alphabet's business is largely run off ads and there's a growing possibility that the improved capabilities of Bing could attract at least some users away from Google search.
☆ The DOJ's antitrust case against Google is ambitious but risky
  + stars: | 2023-01-27 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +10 min
But alongside the possibility of great reward comes significant risk in seeking to push the boundaries of antitrust law. "All antitrust cases are an uphill battle for plaintiffs, thanks to 40 years of case law," said Rebecca Haw Allensworth, an antitrust professor at Vanderbilt Law School. But, Allensworth added, the government's challenges may be different than those in many other antitrust cases. Like all antitrust cases, this one is unlikely to be concluded anytime soon. "This is clearly the blockbuster case so far from the DOJ antitrust division," Francis said.
☆ Why the Taylor Swift debacle could lead to renewed scrutiny of the Ticketmaster/Live Nation merger
  + stars: | 2022-12-22 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +5 min
Lawmakers and Swifties are calling for the Ticketmaster/Live Nation merger to be reexamined. The Department of Justice was reportedly investigating the merger prior to the Eras Tour madness. Now, the Department of Justice is reportedly investigating the Ticketmaster/Live Nation merger, a probe that began even before the Eras Tour debacle. That's the kind of merger critics argue happened with Live Nation and Ticketmaster. Live Nation has not incurred any of those penalties.
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