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President Biden's Broad Executive Order Emphasizes Antitrust Enforcement Across Many Industries - Anti-trust/Competition Law

President Biden's Broad Executive Order Emphasizes Antitrust Enforcement Across Many Industries - Anti-trust/Competition Law
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117th Congress: Sen. Amy Klobuchar (D-Minn.)

117th Congress: Sen. Amy Klobuchar (D-Minn.)
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Antitrust enforcement needs money not reform, experts say

Antitrust enforcement needs money not reform, experts say
Antitrust experts said amending merger and acquisition laws would hamper competition. Instead, agencies should be better funded to expand on the work they re already doing.
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Published: 07 May 2021
Instead of changing current laws, funding may be at the heart of solving antitrust enforcement challenges, a group of legal and academic experts argued.
During a panel discussion Friday hosted by the Information Technology and Innovation Foundation, antitrust experts weighed in on the current national conversation about antitrust enforcement efforts against big tech companies like Google, Facebook, Apple and Amazon. Regulators in the U.S. and globally are looking to reign in tech giants by, for example, scrutinizing acquisitions that may be deemed anticompetitive. One commonly cited example is Facebook s 2012 acquisition of Instagram for $1 billion. ....

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AMG v. FTC: US Supreme Court Severely Limits FTC's Ability To Seek Monetary Relief - Consumer Protection

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The US Supreme Court ruled last week that the Federal Trade
Commission doesn t have the authority to seek equitable
monetary relief in federal court under Section 13(b) of the FTC Act
in
The text of Section 13(b) expressly allows the Commission to
seek injunctive relief (temporary restraining orders or preliminary
injunctions in aid of administrative proceedings, as well as
permanent injunctions in proper cases ), but is silent
on whether the agency can also seek equitable monetary relief.
Nonetheless, courts for years have ordered consumer redress, ....

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US Senator wants to ban all future acquisitions by Big Tech

US Senator wants to ban all future acquisitions by Big Tech
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In line with growing calls for antitrust regulation in the US, Republican Senator Josh Hawley has introduced legislation calling for the ban of all mergers and acquisitions by companies with a market cap of over $100 billion, presumably targeting Big Tech companies Microsoft, Google, Apple, Amazon and Facebook.
Called the “Trust-Busting for the Twenty-First Century Act”, Hawley’s bill proposes overhauling century-old anti-trust and competition laws such as the Sherman Act and the Clayton Act. Hawley wants to clearly define the anti-competitive behaviour under the Federal Trade Commission (FTC) instead of getting bogged down by lawyers and economists. ....

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