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📞En comunicación con el senador Martín Arévalo. #730AM #AnchoPerfil

CDE: 107.1 FM.
#FTC "Con todo el presupuesto que se les da no pueden llegar a ellos, realmente nos dejan dudas", senador Martín Arévalo. #730AM #AnchoPerfil

CDE: 107.1 FM.
#FTC "Quedan muchas dudas ante la mayoría de resultados negativos", senador Martín Arévalo. #730AM #AnchoPerfil

CDE: 107.1 FM.
Read 5 tweets
Wow, just wow. The way to keep top staff, build credibility and signal “transparency” is not by gagging staff.…
I seem to remember some righteous indignation against previous administrations that pulled stuff like this. Bad then, bad now.
This shows so little trust in a staff that has always had the Commission’s back. I was one of the ones most often in disagreement with Commission actions (still not a lot, but more than most), but I always colored between the lines, as did all my colleagues, when in public.
Read 4 tweets
"Ms. Khan, a law professor & a former staffer at the #FTC who President Biden nominated to the agency in March, warned of the cascading power of tech companies that has allowed them to easily expand their reach across markets."… #BigTech
1/ "In a 2017 Yale Law Journal article titled 'Amazon’s Antitrust Paradox,' she questioned the bias of #antitrust experts toward #consumerprices as the key metric for antitrust violation."
2/ "Even though Amazon offers consumers lower prices in many cases, she argued the company could harm competition by squeezing out #smallbusiness rivals who rely on its marketplace."
Read 4 tweets
So I was waiting for @nberpubs to tweet this out last week (which happened Friday pm). Anyway, here is my paper with @msinkinson and Matt Backus. This is the #commonwnership thread for RTE Cereal. 1/11…
The reason we chose cereal (besides the obvious: that's what IO economists do) is that there is a lot of variation in the degree of common ownership across firms and over time. 2/11
For example Kellogg's is 20% owned by a family foundation and is basically indifferent to competitor's profits (weight < 0.2), and should be a strong competitor (turns out it is a high price, high margin firm). Common ownership can be highly asymmetric. (GIS weights KEL ~0.5) 3/
Read 13 tweets
CTFN's #ICYMI weekend edition: #Merger and deal activity are expected to be robust in 2021, and regulator scrutiny is expected to be rigorous.

(thread) #antitrust #investming #stocks
In the meantime, key changes will occur under the new #Biden administration at the U.S. Federal Trade Commission that is anticipated to weigh heavily on big pharma deals, @dalter28 wrote

#FTC #antitrust #MnA
Further for one big pharma deal, Surani Fernando wrote that while @AstraZeneca's $39 billion bid for @AlexionPharma has drawn a number of critics, a strategic build-out of immunology may prove an important rationale for the deal

#mergers #healthcare $ALXN $AZN
Read 9 tweets
BREAKING: Trump’s new Executive Order purports to protect free speech online…

That’s not how the Constitution works. The First Amendment protects Twitter from Trump—not Trump from Twitter

And #Section230 doesn’t change that

Here’s why...
WEBSITES AREN’T PUBLIC FORA: Supreme Court jurisprudence and case law DOES NOT support the EO’s claims that they are. The EO cites two cases that don’t apply to social media platforms:
1) Pruneyard (1980) was limited to shopping malls (very different from websites) and definitely wouldn’t be upheld by the Court today anyway, as made clear in Johnson v Twitter (2018)
2) Packingham (2017) is about restrictions on Internet imposed by STATE LAW, not private actors
Read 12 tweets

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