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The Latest Breaking News from Lina Khan

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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.

360info

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.

Axios

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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.

Tribune News Service

Stocks Move Lower, Fed Feels Pain, Elon Musk, eBay, Meta In Focus - 5 Things You Must Know

Stock futures retreat as post-Fed rate rally fizzles; Fed Chair Powell concedes inflation 'hardship' as rate hikes expected to slow growth; republican lawmaker wants FTC to preserve records linked to Musk and Twitter; eBay shares slump on muted outlook for online marketplace and Meta shares slide on reports its looking…

The Street

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.

Roll Call

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.

Tribune News Service

Activision Blizzard stockholders approve Microsoft buyout

Wall Street reportedly bets the deal will fail, though.

USA Today Sports Media Group

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.

Axios

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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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People

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