France’s Competition Authority is studying the competitive effects of new payment systems like Apple Pay and Google Pay on the financial services market.
The European Commission is seeking experts to conduct a five-month study into the gatekeeping power of digital platforms.
Japan’s competition watchdog has urged banks to review their interbank transfer fees, which have remained unchanged for over 40 years.
The Department of Justice has required that telecommunications company Communications and Power Industries divest its large fixed-position satellite antenna business to complete its purchase of rival General Dynamics’ satellite business.
President Donald Trump took aim at section 230 of the Communications Decency Act on Thursday, signing an executive order that directs the Federal Communications Commission to make rules limiting liability protection for platform operators that remove or edit content. Senator Joshua Hawley, a frequent critic of technology companies, connected the controversy to concerns about online advertising dominance. Google’s digital advertising business is reportedly a focus of the Department of Justice’s antitrust probe of the company. “Gotta remember that the key to #BigTech dominance/monopoly is advertising,” Hawley wrote on Twitter. We also have an update on the DOJ’s intervention in a satellite communications deal and a response from the arbitrator accused of ruling in Uber’s favour out of fear.
The executive director for markets and mergers at the UK’s Competition and Markets Authority has defended the enforcer’s preference for structural remedies for deals, even as it has experimented with behavioural remedies in other areas.
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