Some news from FTC Chair Lina Khan: Holly Vedova and Sam Levine will take on the permanent bureau director jobs ftc.gov/system/files/d…
She also lays out three priorities for the agencies work: 1) discouraging a wave of illegal mergers that has overwhelmed the agency; 2) investigating companies that act as “gatekeepers and dominant middlemen” in the economy; 3) and combatting unfair contract terms.
She also advocates for taking an interdisciplinary approach that would see BC and BCP less siloed and working more with technologists, data analysts, financial analysts, and other experts
Two words that don't appear anywhere in the memo: economics/economists and privacy.
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Senate Judiciary this AM is considering the state AG antitrust bill that would let the states bypass the JPML for antitrust suits.
Sen. Mike Lee (R-Utah) says the bill would give state AGs "equal footing" with federal enforcers and shield them from having to coordinate with slower-moving private suits. It "recognizes the unique and central role states play in enforcing our antitrust laws"
Lee: “States are sovereign entities and they are entitled to pursue law enforcement actions to protect their citizens in the venue of their choice”
DOJ's Vanita Gupta speaking to the National Farmers Union saying the agency working closely with USDA on revamp of Packers & Stockyards Act rules on unfair/deceptive acts in agriculture.
Noting that chicken, pork and beef companies are showing records profits, but "consumers are paying more and farmers are earning less," she says. "Just a few buyers have the power to effectively set prices."
Beyond meatpacking, Gupta says @JusticeATR is looking into "excessive concentration" in seeds, fertilizer and farming equipment.
. @JusticeATR statement on FTC rescinding the vertical merger guidelines: "The Department of Justice is conducting a careful review of the Horizontal Merger Guidelines and the Vertical Merger Guidelines to ensure they are appropriately skeptical of harmful mergers. /1
"Both documents are designed to provide increased transparency and guidance to the public on how the department makes law enforcement decisions. The department’s review has already identified several aspects of the guidelines that deserve close scrutiny... /2
"and we will work closely with the FTC to update them as appropriate. The department continues to collaborate with the FTC on a robust public engagement process to seek comment on ways the Vertical Merger Guidelines could be improved. /3
Onward. FTC's Open Meeting starts in 25 mins with a new health app privacy statement, rescinding the VMGs and a peek at the little deals by Big Tech. politico.com/newsletters/mo…