antitrust
The attempt to block the merger of Spirit and JetBlue will be a test of the Biden administration’s aggressive antitrust strategy.
The Democratic senator praised the Biden administration’s antitrust work but said more should be done, pointing to the transportation and agriculture secretaries.
The Justice Department and eight states have filed an antitrust lawsuit against the tech behemoth.
Anti-monopolists are blaming Senate Majority Leader Chuck Schumer (D-N.Y.) for the demise of two bills aimed at limiting corporate power.
WHAT'S HAPPENING
Three moderate bills aimed at reining in Big Tech excesses have bipartisan support, but industry leaders have gone to great lengths to stop them.
Progressives and Republicans alike are pressuring the Senate majority leader to schedule a vote on legislation cracking down on big tech.
“We are determined to turn the ship here,” one of the National Economic Council members told small business organizations.
Google wants Jonathan Kanter to recuse himself from DOJ’s antitrust case against the company.
A small group of thinkers challenged 40 years of economic ideology on corporate concentration, created a bipartisan movement and won over the president.
The lawsuits thrown out Monday accused Facebook of being abusing its power to crush competitors, and argued the tech giant has become a monopoly.