The merger bill is up: @SenAmyKlobuchar says merger fees haven't been changed since 2001. This will increase fees on the biggest mergers and decrease them on the smaller mergers.
. @HawleyMO says he will support the bill though he has concerns about the @FTC and @JusticeATR whose performance is "lacking." "Google is a glaring, glaring example"
He says state AGs have done the most important work in antitrust recently "I wonder if we ought not to be directing more resources to state attorneys general."
. @tedcruz says antitrust enforcement has been "too lax" but has concerns about the impact on small business. Klobuchar goes through the new schedule, which will reduce fees for any mergers valued at less than $1B
And Senate Judiciary reports the bill by voice vote.
Note of interest: of the four people who spoke on the bill, three were Republicans - Grassley, Hawley, Cruz.

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More from @leah_nylen

13 May
Day 9 in #epicvapple. Apple's Loren Hitt will be up first, then more experts! Today's in-court reporters are @mslopatto and @doratki
And now back to court! Hitt is up
Hitt says consumers do switch between Apple and Google's platforms, citing a statistic that 26 percent switch when they need to buy a new device.
Read 42 tweets
12 May
We're now switching to Apple's experts. Apple lawyer Daniel Swanson calls MIT's Richard Schmalensee, their main economic witness
Schmalensee says he has testified in court before, most notably as Microsoft's expert in US v Microsoft. He has consulted for @FTC Bureau of Economics and @JusticeATR. He was member of CEA during George H.W. Bush admin from 1989 to 1991
Read 126 tweets
12 May
Stanford's Susan Athey is back on the stand for #epicvapple this AM being cross examined by Apple's Karen Dunn.
Dunn is asking Athey a bunch of questions about Steam's apps, like Steam Chat, a messenger app.…
Athey says she's used Steam but not Steam Chat or Steam Link, an app that lets you stream Steam from your PC to your mobile device or TV
Read 17 tweets
12 May
The Senate Commerce Committee has voted to move Lina Khan's nomination forward. 4 GOP no votes.
No votes: Dan Sullivan of Alaska, Marsha Blackburn of Tennessee, Mike Lee of Utah and Cynthia Lummis of Wyoming
That's 4 of the 12 GOP members on the panel.
Read 4 tweets
11 May
Susan Athey of Stanford is up now, being questioned by Epic's Yonatan Even. She's former top economist at Microsoft and currently advises Expedia, Turo and Rover
Athey is explaining "switching costs," the costs a user bears when she leaves one platform for another. The average consumer has more than 100 apps and will have to figure out if each is available. Apple doesn't allow developers to say if they offer an app on other platforms.
If it's a paid app, the consumer would have to pay to download it again when they switch. And for some apps, transferring data between iPhone and a new platform isn't possible.
Read 34 tweets
11 May
Commissioner Chopra comes out swinging. The FTC has pursued "a pro-merger policy" on pharma. The agency has chosen to "devote more resources to investigate small-time scams than to pharmaceutical megamergers."
"Commissioners have deprived our merger investigations of staff that understand the on-the-ground realities of how the capital markets incentivize anticompetitive mergers and conduct in the industry."
He recommends the FTC commissioners hold meetings before any proposed remedy is negotiated by staff and require the Bureau of Competition obtain a commission vote before closing or granting an ET to a large deal.
Read 6 tweets

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