- GCR USA
News & Analysis
GCR USA - 18 September 2020
Is “there’s no such thing as bad publicity” a phrase people use earnestly or just something a PR representative tells a client when things go haywire? JPMorgan Chase sent some traders home this week after a positive covid-19 test, just days after the bank announced it would be requiring other traders to return to the office on Monday. Collaboration isn’t always such a great thing anyway. Just ask the ex-JPMorgan trader who received an eight-month prison sentence on Thursday for working a little too closely with the competition.
GCR USA - 17 September 2020
Today is the final day of the International Competition Network’s annual conference, co-hosted this year by the US antitrust agencies. Normally attendees would be expected to rush to airports as soon as the event was over to catch their flights home. But this year all anyone really needs to do is shut down their computers for some well-deserved rest and relaxation. It’s much easier to relax when you’re not stuck in a middle seat on an aeroplane.
GCR USA - 16 September 2020
Today is both Mexican Independence Day and National Guacamole Day, which we’re guessing is no coincidence. Mexico is the world’s leading avocado producer and exporter, harvesting some 2.2 million tonnes of the fruit in 2018. Given the current pandemic predicament, we can’t be in Philadelphia to cover the Federal Trade Commission’s challenge to Jefferson Health’s acquisition of Albert Einstein Healthcare Network. But at least we can enjoy some chips and guac as we listen to the hearing. We promise to place our phones on mute so you are unable to hear the crunching.
GCR USA - 15 September 2020
As some of the world’s leading antitrust enforcers discuss how best to regulate big tech at the International Competition Network’s annual conference today, Google will face the US government to defend its position in online advertising. Donald Harrison, the company’s president of global partnerships and corporate development, will speak before the House Antitrust Subcommittee amidst rumours that the Department of Justice is gearing up to charge Google with antitrust violations.
GCR USA - 14 September 2020
Want to see the world? Become an antitrust lawyer. While by no means the most efficient way to get around, antitrust conferences provide a terrific excuse to collect passport stamps. Take the last five years of the International Competition Network’s annual conference: Cartagena, Tel Aviv, Porto, Singapore and Sydney. But for the first time, the entire ICN conference is virtual this year as the US antitrust agencies host 140 competition agencies spanning 129 jurisdictions. At least it spares the need to squeeze into tiny overpriced airline seats.
GCR USA - 10 September 2020
Assistant attorney general Makan Delrahim names all his speeches after songs, but the Department of Justice used a press release on Thursday to announce a significant update to the agency’s stance on policies from a major standard-setting organisation. With this, Delrahim missed an opportunity to pick a tune showing his affinity for standard-essential patent holders. Antitrust scholars are still debating whether Dionne Warwick was thinking about patent holdup or holdout when performing her 1985 hit cover of “That’s What Friends Are For”.
GCR USA - 10 September 2020
A lot of things in this world are two-sided: coins, some stories and The Dark Knight’s Harvey Dent. But what about dental insurance markets? Maybe an Illinois federal court will help us figure that out.
GCR USA - 09 September 2020
During a pandemic, it's probably best to avoid sitting for hours in a poorly ventilated room with a whole host of strangers. The latest Bill & Ted film may not be worth risking your life to see a few months before it comes to a streaming service near you, but GCR USA still has you covered as we look at the upcoming excellent adventures of Bill Rinner and Roxann Henry – time travel and Keanu Reeves not included.
GCR USA - 08 September 2020
We hope you all had a splendid three-day weekend. Before everyone logged off on Friday, the Federal Trade Commission announced that it approved a final order settling charges that AbbVie’s $63 billion acquisition of Allergan would violate federal antitrust law. Commissioner Rohit Chopra took another dig at the settlement, which he voted against back in May. “Public input received during the comment period from across the country also called into question the appropriateness of this decision, but the FTC went ahead anyway,” he tweeted.
GCR USA - 04 September 2020
In the antitrust dispute between Relevent Sports and FIFA, the governing body of international soccer, assistant attorney general Makan Delrahim is clearly sitting on the soccer game promoter’s side of the bleachers. The Antitrust Division chief intervened in private litigation between both of them to warn FIFA that it might be in violation of US antitrust laws by restricting the territory in which teams can play league games.
Get unlimited access to all Global Competition Review content