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- www.thebignewsletter.com What Would Kamala Harris Do About Corporate Power?
With Joe Biden not running for re-election, his running mate Kamala Harris is now in the spotlight. Her record on monopolies and financial concentration is mixed. Will she cede populism to the right?
- www.thebignewsletter.com Inside the Mafia of Pharma Pricing
4% of all the money in America flows through a few mafia-like health care conglomerates. The FTC just released a ground-breaking report on how they operate. And it is gearing up to sue.
- arstechnica.com Drug middlemen inflate US prices, squeeze out competition, FTC says
Pharmacy benefit managers (PBMs) are key part of US's high drug costs, report finds.
cross-posted from: https://lemmy.world/post/17403190
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France poised to bring 'charges against Nvidia' • The Register
www.theregister.com France poised to bring 'charges against Nvidia'Euro nation's monopoly gendarmes cheesed off with GPU giant's dominance
cross-posted from: https://lemmy.world/post/17136390
- deadline.com Disney Fails Again To Get Antitrust Class Action Over ESPN & Hulu Ownership Tossed Out
Almost two years after two dozen streaming subscribers sued the Mouse House over anticompetitive tactics, the case is moving forward
cross-posted from: https://lemm.ee/post/35539951
- www.cnbc.com EU charges Microsoft with 'abusive' bundling of Teams and Office, breaching antitrust rules
The European Union on Tuesday accused Microsoft of breaching antitrust rules with the "abusive" bundling of its Teams and Office products.
cross-posted from: https://lemm.ee/post/35481094
- www.thebignewsletter.com Inside FICO and the Credit Bureau Cartel
Mortgage lenders face destruction as a cartel of Experian, TransUnion, and Equifax work with FICO to drive them out of business. Regulator and anti-monopolist Rohit Chopra is pushing back.
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How The Jetson's Lost to Black Mirror
www.thebignewsletter.com Monopoly Round-Up: How The Jetson's Lost to Black MirrorA local auto mechanic has to deal with so many junk fees that he's afraid of the future. And why wouldn't he be? The future isn't what we thought it could be.
- www.thebignewsletter.com Why Has Trump Stopped Attacking Big Business?
In 2016, Donald Trump went after CEOs so often that the Wall Street Journal set up a tracker of stocks whose leaders he insulted. No longer. What happened?
- www.austinchronicle.com Alamo Drafthouse Cinema Chain Sold to Sony Pictures Entertainment
Hollywood studio pledges to keep the Drafthouse model going
- www.thebignewsletter.com Economic Termites Are Everywhere
Why is this economy so difficult to manage? The macro statistics are hiding the experience of being cheated.
- www.thebignewsletter.com Monopoly Round-Up: The Harvey Weinstein of Antitrust
Google has a political machine run by an operative Josh Wright. Wright just went down in a sordid scandal. What this saga shows is far more than the antitrust establishment wants you to see.
- www.thebignewsletter.com Monopoly Round-Up: Google Tries to Pay Off the Antitrust Division
In an astonishing move, Google cut a check to the U.S. government over an antitrust case, in the hopes of avoiding a jury trial. And it argues such jury trials are unconstitutional.
- www.thebignewsletter.com Antitrust Enforcers to Break Up Ticketmaster and End the "Ticketmaster Tax"
The "People's Lawyer" Jonathan Kanter wants to make concerts and live events more affordable, and today the Department of Justice filed suit to make it happen.
- www.thebignewsletter.com Is Ticketmaster Telling the Truth About Its Finances?
In response to recent antitrust charges, Live Nation claims it is barely profitable. But then quietly it also just flagged internal accounting issues on its investor docs. What is going on?
- www.theverge.com The US government is trying to break up Live Nation-Ticketmaster
The DOJ is seeking a breakup of Live Nation.
- www.theguardian.com Corporations are forcing Americans to pay more for less – in their own words | Matt Stoller
Companies in the oil, hotel, meat and other sectors are price-gouging the US public. They’re not hiding it, either
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Apple Spanked in Antitrust Suit
open.substack.com Monopoly Round-Up: Apple Spanked in Antitrust SuitA few months ago, Judge Yvonne Gonzalez Rogers ordered Apple to change its app store rules. They didn't. Now she's very angry. Plus, the Antitrust Division is gearing up to go at Big Medicine.
- www.thebignewsletter.com Monopoly Round-Up: Did Texas Join OPEC?
Gas prices are going up. A new lawsuit says the reason is American shale producers have illegally cut capacity in league with the global oil cartel. In other words, Texas joined OPEC.
- www.thebignewsletter.com The $2 Trillion Secret Trial Against Google Returns Tomorrow
It's been a long Winter, but the antitrust trial of the century (thus far) returns. The judge continues to keep it too secret, which is why you haven't heard about it. But there's now an audio line.
- www.thebignewsletter.com An Oil Price-Fixing Conspiracy Caused 27% of All Inflation Increases in 2021
The FTC just found evidence that American oil companies colluded with the Saudi government to hike gas prices, costing the average family $3,000 last year. The question is, what can we do about it?
- www.thebignewsletter.com A Great Labor Explosion: Will Auto Workers Unionize in Trump Country?
Workers at a Volkwagon factory in Chattanooga, Tennessee, are now voting on whether to join the United Auto Workers (UAW). Is this the restart of a unionized nation?
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We now have a general Labor focused community. Please feel free to contribute.
cross-posted from: https://lemmy.ml/post/14381867
> The /c/unions community kept getting non union general labor interest posts and shockingly there are not really many general labor focused communities on Lemmy. So I've made one here. > > Friends: > - https://lemmy.ml/c/unions > - https://sh.itjust.works/c/unions > - https://lemmy.ml/c/coops > - https://lemmy.ml/c/antitrust > - https://lemmy.ml/c/antitrust
The reason for crossposting: Anti-trust is one of the single biggest weapons that Labor and unions should be considering right now, as a monopoly of production creates a monopsony of labor consumption.
- www.thebignewsletter.com The Silver or the Lead: How White Collar Crime Prosecutors Get Punished
Corporate defense lawyers have adopted a new strategy that not even the mob considered. When facing litigation from the government, file misconduct charges against the attorneys bringing the charges.
- www.thebignewsletter.com Monopoly Round-Up: A Judge Can Break Up Google Right Now. Will He?
Google lost an antitrust case late last year to Epic Games. Now California judge James Donato is overseeing the remedy. Could that include a break-up?
- www.geekwire.com Microsoft unbundles Office and Teams globally in new attempt to appease antitrust regulators
Microsoft will unbundle Teams from Office 365 for new business software licenses globally, expanding a move introduced in Europe initially.
- www.vanityfair.com Jon Stewart Takes Aim at His Former Apple Bosses on ‘The Daily Show’
“I wanted to have you on a podcast, and Apple asked us not to do it,” Stewart told his guest, Federal Trade Commission chair Lina Khan, Monday night. “They literally said, ‘Please don’t talk to her.’”
- www.thebignewsletter.com Explosive New Documents Unearthed On Live Nation/Ticketmaster
Congressman Bill Pascrell released a report today on precisely how Live Nation/Ticketmaster 'essentially defrauds' artists, consumers, and promoters. It's all about the rebates, baby.
- open.substack.com Monopoly Round-Up: How Chain Restaurants and Hotels Collude to Screw You
An antitrust complaint around hotels suggest that what's happening in the economy is systemic price fixing. The Antitrust Division and the FTC are updating the law to stop the bad behavior.
- www.thebignewsletter.com Why the Apple Antitrust Suit Matters
Apple just got slapped with a major antitrust suit alleging a 'pattern of anti-competitive behavior' across all its product lines. And it lost $114 billion in market cap in one day as a result.
- www.thebignewsletter.com Monopoly Round-Up: How FTC Chair Lina Khan Cut Inhaler Costs to $35
The news of the week includes reverberations from the Apple antitrust suit, a drop in realtor commissions, a Biden nomination of a villain for a judgeship, and more...
- arstechnica.com Apple’s green message bubbles draw wrath of US attorney general
RCS and green bubbles in iPhone-to-Android texts play role in Apple/DOJ battle.
- www.thebignewsletter.com Monopoly Round-Up: Congress to Undermine Antitrust Division Budget?
Every Sunday, I do a monopoly round-up for paid subscribers. Today’s review is chock full of news, but the first item is disturbing. So I’ve decided to make the first part of this issue available to everyone. Over the past few months, Congressional appropriators have been negotiating over the govern...
- www.thebignewsletter.com The $25B Kroger-Albertsons Merger Is Going to Fail
The Federal Trade Commission sued to block the supermarket chain Kroger from buying Albertsons. Does this deal have a chance? Not really.
- www.thebignewsletter.com The Fed Is Behind the Capital One/Discover Merger
In 2010, Congress capped fees for debit card networks so merchants don't get gouged by Visa and Mastercard. But the Fed stuck in a loophole for Discover. And that is leading Capital One to buy it.
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Potential Criminal Activity Revealed in the Kroger-Albertsons Merger
www.thebignewsletter.com BOMBSHELL: Potential Criminal Activity Revealed in the Kroger-Albertsons MergerWith two antitrust suits filed and a big one on the way, this merger is on life support. And enforcers discovered what could be criminal collusion.
- www.thebignewsletter.com It's Apple's Vision Pro, The Rest of Us Just Live Here
With the Vision Pro, Apple is showcasing a product that is magic. But behind the glitter is a dangerous empire that is placing all of America at risk.
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Consolidation in Oil
www.thebignewsletter.com BIG by Matt Stoller | SubstackThe history and politics of monopoly power. Click to read BIG by Matt Stoller, a Substack publication with hundreds of thousands of subscribers.
- www.ign.com FTC Complains That Microsoft's 1,900 Gaming Layoffs 'Contradict' What Was Said in Antitrust Trial - IGN
In a new letter, the FTC complains that Microsoft's 1,900 layoffs across its video game workforce contradict what was said in the antitrust trial over its now-complete acquisition of Activision Blizzard.