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The Latest Breaking News from Lina Khan

FTC’s Khan overruled staff to sue Meta over VR app deal

Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency’s majority vote to sue Meta Platforms Inc. this week, despite the staff recommending against bringing a case to challenge the company’s acquisition of Within Unlimited Inc., according to three people with knowledge of the decision.

Tribune News Service

Biden’s FTC has blocked 4 hospital mergers and is poised to thwart more consolidation attempts

Fresh off the Federal Trade Commission’s successful challenges to four hospital mergers, the Biden administration’s new majority on the commission is primed to more aggressively combat consolidation in the health care industry than it has in past years.

Tribune News Service

Lipsticks, lattes . . . and now labradors: JAB’s bet on pets

Holding company’s investments in vets and insurance are under scrutiny from competition officials

Financial Times

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Ruling Could Dampen US Government Efforts to Rein in Big Tech

The Supreme Court’s latest climate change ruling could dampen efforts by federal agencies to rein in the tech industry, which went largely unregulated for decades as the government tried to catch up to changes wrought by the internet. In the 6-3 decision that was narrowly tailored to the Environmental Protection…

Asharq Al-Awsat

Ruling could dampen government efforts to rein in Big Tech

The Independent UK

After Roe, Dems seek probe of tech's use of personal data

Four Democratic lawmakers are asking federal regulators to investigate Apple and Google for allegedly deceiving mobile phone users by collecting and selling their personal data

The Independent UK

New York City Toddlers Can Finally Take Off Their Masks

Plus: trans teens, trouble at the FTC, and more...

Reason

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FTC Says Concerns Around Tesla's Autopilot On Its Radar, Does Not Confirm Or Deny Probe: Report

Tesla Inc’s (NASDAQ: TSLA) full self driving system, known as Autopilot, is a subject of focus and on the Federal Trade Commission's radar, Reuters

Benzinga

FTC Chair Khan plans key work on kids' data privacy online

The head of the Federal Trade Commission says the agency is pushing a robust agenda of actions and policies to help safeguard children’s privacy online

The Independent UK

FTC's new stance: Litigate, don't negotiate

Agency head Lina Khan says she'll sue to stop anticompetitive mergers rather than negotiate settlements.

Axios

Why your ability to repair a tractor could also be a matter of life and death

US farmers’ struggles for the right to fix their own, now highly computer-controlled equipment, have implications for us all

The Guardian - UK

Biden Says Fighting Inflation Is His Top Economic Priority. His Antitrust Policy Would Make Inflation Worse.

Attacking big firms just for being big could drive up prices.

Reason

US Hits Twitter with $150 Mn Fine Over Privacy Breach

Twitter agreed to pay $150 million to settle allegations the platform gave advertisers some user information that was supposed to be employed to strengthen account security, US authorities said Wednesday. The Federal Trade Commission and the Department of Justice accused Twitter of taking phone numbers or email addresses provided to…

Asharq Al-Awsat

Michael Hiltzik: Big business musters more lies to smear a Biden nominee because she would do her job

Riding high after killing off President Biden's nomination of a pro-labor regulator for a key post at the Department of Labor, big business has been sharpening its knives for a noted consumer advocate nominated to join the Federal Communications Commission.

Los Angeles Times

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360info

How tech rebooted economics and platforms broke the invisible hand

Growing evidence and new research explain the evolution of economic diversity and the need to rethink monopolies in the age of technology.

Axios

Lina Khan's to-do list on Big Tech

With a key spot on the FTC now filled, the commissioner has a chance to pursue a bigger agenda.

Tribune News Service

He got Congress to care about antitrust again. Now time is running out, Rep. David Cicilline says

WASHINGTON — David Cicilline was late getting into antitrust, at least for him.

Tribune News Service

Musk faces FTC antitrust review on Twitter alongside stock probe

The U.S. Federal Trade Commission is reviewing Elon Musk’s $44 billion Twitter Inc. takeover, a person familiar with the deal said, setting up a deadline in the next month for the agency to decide whether to conduct an in-depth review of the transaction.

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Roll Call

He got Congress to care about antitrust again. Now time is running out, says David Cicilline - Roll Call

If Democrats lose control in the midterms, as most election handicappers expect, it could spell trouble for the push to rein in Big Tech.

Tribune News Service

Wall Street is betting that Microsoft-Activision deal will fail

Activision Blizzard Inc. shareholders approved the company’s $69 billion sale to Microsoft Corp on Thursday, but Wall Street is betting that Biden antitrust enforcers could unravel one of the largest mergers in U.S. history.

USA Today Sports Media Group

Activision Blizzard stockholders approve Microsoft buyout

Wall Street reportedly bets the deal will fail, though.

Axios

Exclusive: U.S. Chamber seeks to delay confirmation of FTC commissioner

The U.S. Chamber of Commerce wants nominee Alvaro Bedoya to answer more questions.

Benzinga

Will Microsoft's Activision Blizzard Acquisition Survive The Wrath Of Khan, As Antitrust Sentiment Becomes Bipartisan?

Star Trek: The Wrath Of Khan poster reimagined with incoming FTC Chairwoman Lina Khan as Khan and Google co-founder Larry Page and Amazon founder Jeff Bezos awaiting her wrath. Image via the Portfolio Armor art department. Muted Response To Microsoft's Activision Bid

The Guardian - UK

TechScape: The US government may be one step closer to breaking up Meta

In this week’s newsletter: How a judge’s ruling could pave the way for a costly, lengthy legal battle over the future of Facebook, WhatsApp, and Instagram

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