The bill aims to prevent gatekeeping by major platform operators like Apple and Google by restricting actions such as blocking third-party stores.
Antitrust
The US Department of Justice (DOJ) reportedly plans to sue Live Nation, the parent company of Ticketmaster, for federal antitrust violations.
Meta Platforms Inc. refutes the FTC antitrust lawsuit, arguing that consumers benefit from the acquisition of Instagram and WhatsApp, challenging FTC's narrow market definition.
Warner Bros. Discovery has announced that two of its directors, Steven Miron and Steven Newhouse, are resigning from the board.
Visa and Mastercard have agreed to a $30 billion settlement that would limit credit and debit card fees for retailers.
The U.S. Department of Justice's lawsuit against Apple for alleged antitrust violations has initiated a lengthy legal battle that may reshape Apple's business practices and the tech industry. The DOJ accuses Apple of unfairly controlling its ecosystem.
A group of key app developers, which include Epic Games, Spotify, and others, known as the Coalition for App Fairness (CAF), is supporting the DOJ's antitrust lawsuit against Apple.
DOJ accuses Apple of monopolistic practices in the smartphone market, alleging inflated prices and restricted competition.
The DOJ is preparing to file suit against Apple on Thursday, alleging that the company violated antitrust laws by preventing competitors from accessing hardware and software features of iPhone.
Networking giant Cisco has announced the $28 billion acquisition of digital infrastructure firm Splunk.
Pfizer has agreed to pay $93 million to resolve antitrust claims by wholesale drug distributors accusing the pharmaceutical giant of conspiring with India's Ranbaxy Laboratories to delay the sales of cheaper versions of the cholesterol drug Lipitor.
Alaska Air Got U.S. Antitrust Approval For Virgin Deal But With Conditions.
Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making final decision.
European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.
General Electric Co. terminated the agreed $3.3 billion acquisition of Sweden's Electrolux AB on its appliance business. According to The Wall Street Journal, GE was under pressure by the U.S. Justice Department, which was blocking the sale due to antitrust issues.
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