AAPL

Apple Inc.

140.82
USD
-5.64%
140.82
USD
-5.64%
123.13 182.94
52 weeks
52 weeks

Mkt Cap 2.31T

Shares Out 16.41B

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U.S. antitrust regulators announce plans to review merger guidelines

U.S. antitrust regulators announced plans to review merger guidelines in an attempt to potentially make them stricter. The U.S. Justice Department and the Federal Trade Commission are asking for public comment on potential revisions to merger guidelines. The agencies are currently holding a joint press conference with FTC head Lina Khan and DOJ antitrust chief Jonathan Kanter. "The Federal Trade Commission and Antitrust Division of the Department of Justice (“the agencies”) seek public comment on how the agencies can modernize enforcement of the antitrust laws regarding mergers," according to a statement from the agencies. The announcement today comes after the respective heads of the Dept. of Justice antitrust division and the FTC in July said that the current merger guidelines "deserve" a hard look after an executive order from President Biden. Biden in July announced a new executive order that targetted antitrust behaviors among the Big Tech companies. Biden also ordered the DOJ and agencies responsible for banking to update guidelines on banking mergers "to provide more robust scrutiny of mergers," the White House said in a fact sheet at the time.

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