GCR USA - 12 November 2019
The Wall Street Journal reported yesterday that T-Mobile chief executive John Legere is in talks with office-sharing company WeWork about potentially heading the company. Regulators have noted the competition T-Mobile’s “uncarrier” model has brought under Legere’s lead against larger players like Verizon and AT&T. It is unclear what, if any, impact a change in leadership could have as T-Mobile seeks to defeat a challenge brought by a coalition of states seeking to block its purchase of Sprint. WeWork and Sprint are both controlled by Japanese holding company SoftBank.
GCR USA - 08 November 2019
Microsoft co-founder Bill Gates suggested this week that Windows could have dominated the global mobile operating system, but for the Department of Justice’s antitrust “distraction” two decades ago. In less speculative news, we are continuing our coverage of the Akshay Aiyer criminal trial in New York. GCR USA will be off on Monday in honour of Veteran’s Day. But don’t worry, we’ll be back in your inboxes on Tuesday – or as we prefer to call it, GCR Live Women in Antitrust Day.
GCR USA - 07 November 2019
The Federal Trade Commission got to kick it a little old-school with its challenge to Otto Bock's acquisition of Freedom Innovations. Because the deal did not have to be pre-cleared under the Hart-Scott-Rodino Act of 1976, the agency sued to undo a done deal, as it would have done before the HSR Act. Yesterday, it announced that the commissioners all agreed that the acquisition violates antitrust law – despite the companies not having raised prices since their merger.
GCR USA - 06 November 2019
T-Mobile must “dish” out greater 5G network access to Americans over the next three years now that the Federal Communications Commission has given the T-Mobile/Sprint deal its formal stamp of approval. The FCC claims the transaction will help bolster competition in rural America and advance US leadership in 5G.
GCR USA - 05 November 2019
Remember, remember that the 12th of November – next Tuesday – is GCR Live Women in Antitrust. The list of speakers features top female competition specialists from around the world, but from right here in Washington, DC, we’ll have: a former chief economist of the Department of Justice’s antitrust division, an assistant director of the Federal Trade Commission’s new technology enforcement division, a deputy general counsel at Microsoft, two former FTC commissioners and an FTC lawyer who has been seconded to the House of Representatives’ antitrust subcommittee.
GCR USA - 04 November 2019
With Google travelling between different jurisdictions to defend against antitrust investigations, the company seems to be getting its steps in. Now, after acquiring fitness tracker company Fitbit last week, Google should be able to keep track of just how many steps. We have a pair of stories related to the search giant today, including its request that a Texas state court place limits on how much information the state’s attorney general can share with outside consultants.
GCR USA - 01 November 2019
Here’s hoping you won at least a few chuckles for your consumer welfare standard costumes yesterday. GCR USA wanted to dress up as the ASCAP and BMI consent decrees, but we had a feeling the US District Court for the Southern District of New York would not appreciate it. The Department of Justice’s trial against a former JPMorgan Chase currency trader also got started yesterday – and it's not a mirror image of last year’s foreign currency exchange trial.
GCR USA - 31 October 2019
For the first time since the Calvin Coolidge administration, the city of Washington, DC, houses baseball champions. The nation’s capital celebrated the Nationals’ World Series victory through the night. Luckily for the Department of Justice’s antitrust division, the sport is not subject to federal antitrust law, meaning the agency should be well rested as it takes a former currency trader to trial today in downtown Manhattan for allegedly manipulating exchange rates.
GCR USA - 30 October 2019
As the Washington Nationals prepared for a win-or-go-home World Series Game 6 yesterday, Democrats in the House of Representatives pressed the Federal Trade Commission and Department of Justice on antitrust enforcement in labour markets. FTC commissioner Noah Phillips said the US has a labour mobility problem – but he did not address whether he thinks that applies to Nationals outfielder Juan Soto. The 21-year-old scored a towering home run in the fifth inning that may be still orbiting the Houston airspace. Win or lose in tonight’s decider, the Nationals can rest easy knowing that Soto’s job mobility is restricted by Major League Baseball rules that give a team control of a player’s services for the first six years of that player’s career.
GCR USA - 29 October 2019
The Department of Justice’s antitrust division builds a new task force focused on public procurement; the agency adds an attorney from Shearman & Sterling to oversee the review of online platforms; and the state of Ohio trucks on with its technology hearings. Speaking of hearings, today we’re heading to Capitol Hill, where the House of Representatives antitrust subcommittee will hold one on competition in labour markets.
Data courtesy of FTC.gov