Stephen King didn’t break any legal ground on the stand Tuesday as he testified against his own publisher’s efforts to merge with Penguin Random House. But he did know how to please a crowd and even get the judge to thank him for his time.
The government and Penguin Random House are set to exchange opening salvos in a antitrust trial Monday as the U.S. seeks to block the biggest U.S. book publisher from absorbing rival Simon & Schuster. The government’s star witness will be author Stephen King.
The nation’s largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices.
Lawmakers on Capitol Hill aggressively questioned the chief executives of the country’s four major beef producers, accusing them of engaging in anti-competitive practices that have financially harmed cattle ranchers and driven up the price of meat.
The House Judiciary Committee escalated the bipartisan battle against the world’s biggest online retailer with a letter to Attorney General Merrick Garland, referring the case for a criminal inquiry.
The U.S. Department of Justice said Thursday that the proposed deal for Change Healthcare would hurt competition and give UnitedHealth Group—which is a competitor to Indianapolis-based Anthem Inc.—access to sensitive claims information from competitors.
The Justice Department and the Federal Trade Commission are seeking public comment on how merger guidelines can be updated to better detect and prevent illegal and anticompetitive deals in an increasingly consolidating corporate marketplace.
The Justice Department is suing to block a $2.2 billion book publishing deal that would have reshaped the industry, saying consolidation would hurt authors and, ultimately, readers.
Senior administration officials have been worried about polling showing that voters—including many Democrats—blame President Biden’s economic policies for high inflation.
The Federal Trade Commission on Thursday filed the new complaint in federal court in Washington, alleging that Facebook violated antitrust laws by buying Instagram and WhatsApp in order to eliminate them as competitors.
The 144-page complaint filed late Wednesday in a Northern California federal court represents the fourth major antitrust lawsuit filed against Google by government agencies across the U.S. since last October.
U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient” and didn’t provide enough evidence to prove that Facebook was a monopoly.
Groundbreaking legislation is advancing in Congress that would curb the market power of tech giants Facebook, Google, Amazon and Apple and could force them to untie their dominant platforms from their other lines of business.
The ambitious legislation could curb the market power of tech giants Facebook, Google, Amazon and Apple and force them to sever their dominant platforms from their other lines of business.
After the NCAA’s stinging legal loss this week, college sports leaders are acknowledging the path forward will have to include changes that once seemed antithetical to the mission.
The selection of legal scholar Lina Khan, 32, to head the Federal Trade Commission is seen as signaling a tough stance toward tech giants Facebook, Google, Amazon and Apple.
Like its Big Tech counterparts Facebook, Google and Apple, Amazon faces multiple legal and political offensives from Congress, federal and state regulators and European watchdogs.
The judge who will decide a case challenging Apple’s stranglehold on its iPhone app store indicated on Monday she would like to promote more competition but without dismantling a commission system that reaps billions of dollars for the technology powerhouse.
Epic Games, maker of the popular video game Fortnite, is trying to topple the so-called “walled garden” for iPhone and iPad apps that welcomes users and developers while keeping competition out.
In 90 minutes of arguments held via teleconference, justices across the ideological divide grilled the NCAA’s lawyer and repeated criticisms that the organization invokes its defense of amateurism as a way to increase profits while keeping its labor cost low.
