Antitrust Enforcers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Antitrust enforcers on both sides of the Atlantic are grappling to get a handle on AI, a conference in Brussels heard yesterday. It's a moment that demands "extraordinary vigilance" and clear-sighted focus on how the market works, suggested top US competition law enforcers. From the European side, antitrust enforcers sounded more hesitant over how to respond to the rise of generative AI -- with a clear risk of the bloc's shiny new ex ante regime for digital gatekeepers missing a shifting tech target.

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Senator Elizabeth Warren, an antitrust hawk, expressed disappointment with the U.S. Federal Trade Commission's decision to allow pharmaceutical firm Amgen to move forward with its acquisition of Horizon Therapeutics. Warren, a Democrat, has staunchly supported the FTC and Justice Department's tougher stance on mergers under President Joe Biden. In a rare break with the Biden administration's antitrust enforcers, she urged them to get even tougher.

Federal Trade Commission has broad jurisdiction to combat abuse of AI under Section Five of the FTC Act, which prohibits unfair or deceptive acts or practices in or affecting commerce. Hence, the FTC has a wider net for pursuing and curtailing AI abuse.

ABA’s Antitrust Law Section's Spring Meeting featured updates from antitrust enforcers and discussions on premerger notification filings, labor markets, state antitrust enforcement, compliance programs, national security, consumer protection, interlocking directorates, and remedies.