Apple faces grilling by EU antitrust cops for blocking ‘Fortnite’ maker’s app store plans in Europe
Apple is facing heavy criticism from the European Union’s antitrust police after it blocked Fortnite maker Epic Games from launching its own app store for iPhone customers. It’s a brazen move as deadlines for compliance with Europe’s wide-ranging technology competition laws approach. The Cupertino, Calif.-based company announced Wednesday that it is terminating the developer accounts […]
JetBlue, Spirit call off $3.8B merger after losing antitrust suit
Low-cost airlines JetBlue and Spirit halted their $3.8 billion merger plan on Monday, weeks after a federal judge blocked the merger citing anticompetitive concerns. A successful deal would have created the fifth largest airline in the United States and ensured Spirit’s survival. “While both companies continue to believe in the pro-competitive benefits of a merger, […]
EU slaps Apple with $2B antitrust fine after complaint from Spotify
European Union regulators on Monday slapped Apple with a hefty 1.8 billion euros ($2 billion) antitrust fine for “abusing its dominant position” in the music streaming industry through its App Store practices. . The European Commission has ruled that Apple unlawfully restricts music app developers from promoting cheaper ways to subscribe to streaming services outside […]
Apple hit with nearly $2B antitrust EU fine
Jeff Sica, founder of Circled Squared Investments, discusses whether Microsoft can replace Apple as Varney & Co’s largest company by market capitalization. European regulators on Monday slapped Apple with a nearly $2 billion antitrust fine for “abusing” App Store rules related to music streaming providers. The European Commission said it found that Apple prohibited music […]
Google ‘predatory’ advertising practices probe expanded by Canada’s antitrust watchdog
Canada’s antitrust watchdog has expanded its investigation into whether Google’s online advertising business engages in predatory pricing. As part of the Competition Bureau’s investigation, which expands on an investigation that first began in 2020, law enforcement obtained an order from the Federal Court of Canada requiring Google to produce relevant records and written information. According […]
UnitedHealth facing antitrust probe amid soaring healthcare costs
The Department of Justice has launched an antitrust investigation into UnitedHealth Group. The Wall Street Journal reported This was reported on Tuesday, citing a person familiar with the matter. In recent weeks, investigators have been interviewing representatives from the health care industry that competes with UnitedHealth, including physician groups, the report said. During the investigation, […]
Joe Biden’s antitrust halt of PGA-LIV merger is just par for the course
For those who love professional golf and want to see the best players play against each other every week, you better hope Donald Trump becomes the next president. It’s not just because the former president loves golf. That’s because the type of regulatory structure he would put in place if elected is a free-market type […]
Tennessee, Virginia AGs file antitrust lawsuit against NCAA due to NIL-recruiting rules
The attorneys general of Tennessee and Virginia filed an antitrust lawsuit against the NCAA on Wednesday, challenging the ban on name, image, and likeness (NIL) compensation in college athlete recruiting. The lawsuit, filed in the Eastern District of Tennessee, was in response to an NCAA investigation into the University of Tennessee for possible recruiting violations […]
Live Nation doubled lobbying spending to $2.4M in 2023 amid antitrust threat
Live Nation Entertainment will reduce its federal lobbying spending from $1.1 million in 2022 to $2.4 million in 2023 as it navigates legislative and regulatory efforts to fragment its power in the live entertainment and ticketing industry. It more than doubled to $1 million. The lobbying onslaught comes on the heels of Ticketmaster’s infamous Taylor […]
Apple could face antitrust lawsuit from DOJ as early as March
Apple is expected to face an antitrust lawsuit as early as March, with the Justice Department preparing to argue that the tech giant uses anticompetitive practices to protect its iPhone dominance. There is. The Justice Department aims to file the case during the first quarter ending March 31, three months earlier than previously expected, a […]