Under Biden, expect more scrutiny of Big Tech and mergers

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today.

The Biden administration is expected to take a tougher stance against acquisitions than President Trump’s while continuing a recent flurry of antitrust cases against Big Tech.

“Antitrust law and policy are poised for a course correction,” says Andrew Gavil, an antitrust expert at Howard University School of Law. “The degree of that correction remains to be seen and will be influenced by both politics and the composition of the courts.”

Trump’s antitrust regulators, led by Assistant Attorney General Makan Delrahim, loudly tried stopping AT&T from acquiring Time Warner in 2017—only to suffer a stinging defeat in court. Overall, however, Trump’s Justice Department made 19% fewer requests for data about mergers—which delay closings to allow regulators to take a closer look—and filed 18% fewer cases to block mergers than … Read More

Wall St set to open at fresh highs on fiscal aid relief, vaccine optimism By Reuters

© Reuters. A man wearing a protective face mask walks by 14 Wall Street, as the global outbreak of the coronavirus disease (COVID-19) continues, in the financial district of New York

By Devik Jain and Supriya R

(Reuters) -Wall Street’s main indexes were set to open at fresh record highs on Tuesday as bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year.

After U.S. President Donald Trump signed a long-awaited $2.3 trillion fiscal bill, restoring jobless benefits and averting a federal government shutdown, the three main indexes closed at all-time highs on Monday, led by pandemic-battered stocks.

A proposal to increase the COVID-19 payment checks to $2,000 from $600 is before the Republican-controlled Senate, where it faces a much tougher path for approval. The Democratic-led U.S. House of Representatives had approved the proposal on Monday.

Meanwhile, more

Read More