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...Apple responded by saying that “the changes we’re sharing for apps in the European Union give developers choice — with new options to distribute iOS apps and process payments”....
...“Anytime you’re talking about large players like this merging, one has to not just look at competitive effects, one also has to look at the impact on financial stability.”...
...There is an enormous fight going on in the litigation over market definition. Who belongs in the social media product market? For example, under the FTC’s allegations, Twitter/X is not in the market....
...Khan is among a new generation of progressive officials who have adopted more stringent antitrust policies in an effort to fight what they argue has been unchecked anti-competitive conduct....
...This new generation of “trust busters” lament excessively lax antitrust policy in recent decades that they say has harmed competition across the US economy....
...Obviously, this flavour of defence is par for the course in antitrust, but we were curious whether Crevoiserat has been serving a similarly smol bean line to investors....
...The first trial in the English courts stemming from a wave of class action antitrust lawsuits starts on Monday, as telecoms operator BT faces a £1.3bn claim that it overcharged about 3mn landline customers...
...The iPhone 15 starts at Rbs95,990 ($1,071) from re:store, Apple’s former authorised reseller in Russia, as opposed to $799 in the US....
...The litigation “will cost millions”, he said, “but we’re not only committed to going all the way, we’re going all the way.”...
...Two-thirds of TPLF settlements for commercial litigation go to large rather than small companies, according to Swiss Re. But even funders working with big companies like to claim the moral high ground....
...of litigation....
...The settlement leaves Berkshire Hathaway’s HomeServices as the only large broker that has not yet come to a deal in the litigation....
...Hartley says: “In-house lawyers need to recalibrate their thinking on where that red line is so they know when to turn around to the person they’re advising and say, ‘No, we cannot do that’.”...
...customers, competitors and antitrust experts....
...“You ought to be very frightened if you’re a CEO,” reckons former Unilever chief executive Paul Polman, who has supported some climate litigation....
...Some are willing to prepare for long reviews as well as the possibility of litigation with the government in order to achieve their strategic goals.”...
...He says the litigation is, on a risk scale of 1-10, an eight, whereas other tech litigation in recent decades was a two or three....
...The CMA is already examining Microsoft’s $13bn investment in OpenAI, a deal that has also attracted attention from antitrust authorities in the US and Europe....
...Instead, we’re seeing the reverse. Big investors are not merely distancing themselves from clubs they recently joined....
...“We’re disappointed that Amazon’s acquisition of iRobot could not proceed,” said David Zapolsky, Amazon’s senior vice-president, in a statement on Monday....
...Damien Geradin, an antitrust lawyer who has represented companies in probes against Apple and Google, said fines did not work as deterrents....
...PBMs face increasing pressure from the Federal Trade Commission, the US antitrust regulator, and bipartisan legislation in the works aimed at encouraging the uptake of biosimilars....
...As AI works its way into proprietary corporate data sets, opportunities for litigation over copyright will increase, and possibly even dovetail with worker complaints over corporate surveillance....
...So collectively, this is, you know, some of the biggest litigation facing Berkshire in at least my time covering the company for many years....
...After a weak year for dealmaking in 2023 partly due to tougher antitrust enforcement and high interest rates, recent months have seen a resurgence in megadeals as chief executives become more confident that...
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