Antitrust

BlackRock Exits Climate Pact

Investment company BlackRock announced that it exited the United Nations-supported Net Zero Asset Managers Initiative.

Department of Justice Sues Six Largest Landlords Over Pricing Scheme

The Department of Justice (DOJ) announced Tuesday that it has filed an amended complaint in its lawsuit against RealPage, a software company, and six of the nation’s largest landlords, accusing them of engaging in anti-competitive practices through algorithmic pricing schemes that have harmed millions of renters.

Apple Seeks Role in Google Antitrust Case Over $20B Revenue-Sharing Deal

Apple has requested to participate in the next phase of the ongoing antitrust trial against Google, emphasizing that it cannot rely on Google to defend the revenue-sharing agreements that benefit both companies. The iPhone maker argues that these agreements, which make Google the default search engine on Apple's Safari browser, are central to its financial success, contributing up to $20 billion annually. In court documents, Apple stated that it received an estimated $20 billion from this arrangement in 2022 alone.

Judge Blocks $24.6 Billion Kroger-Albertsons Merger Over Competition Concerns

A federal judge on Tuesday issued a preliminary injunction to temporarily block the $24.6 billion merger between Kroger and Albertsons, the largest proposed grocery...

Republican States Sue BlackRock, Vanguard, State Street Over Manipulating Energy Market

Eleven Republican states are suing financial entities BlackRock, Vanguard, and State Street for "illegally conspiring to manipulate energy markets," Texas Attorney General Ken Paxton announced.

Texas AG Paxton Probes Global Ad Group for Alleged Boycott Against X

Texas Attorney General Ken Paxton has launched an investigation into the World Federation of Advertisers (WFA) over claims of a potential "coordinated plan or...

Justice Department Moves to Break Up Google Amid Antitrust Concerns

On Wednesday, the Department of Justice is set to present a federal judge with a request concerning the possible breakup of Google. This follows...

Growing Number of Silicon Valley Billionaires Join Musk in Rallying Behind Trump

A growing number of influential Silicon Valley billionaires, including tech leaders like Elon Musk, Peter Thiel, and David Sacks, are shifting away from traditional politics and rallying behind Donald Trump’s 2024 presidential campaign, as reported by Breitbart and The New York Times.

Appeals Court Rules Pharmaceutical Company Immune in Antitrust Case

A federal appeals court ruled that pharmaceutical company Merck is immune from allegations that it violated antitrust laws.

DOJ Considers Forcing Google to Sell Chrome

The US Department of Justice (DOJ) is considering forcing Google to sell Chrome and Android.

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