Open Markets has filed an amicus brief in support of the plaintiffs appeal in a case against syringe-manufacturing giant Becton, Dickinson & Co. (Becton). The plaintiffs, who are healthcare providers, allege Becton has raised the price and lowered the supply of conventional syringes, safety syringes, and safety IV catheters.
Read MoreThe “consumer welfare” approach to antimonopoly is the main contributor to the extreme and dangerous concentrations of power that Americans face today. In place of this vague, subjective, easily manipulated, and fundamentally corrupt framework, we propose a system of simple rules that is true to the original American approach to building and protecting an open and democratic society.
Read MoreOpen Markets Institute filed an amicus brief to the Seventh Circuit Court in support of the plaintiffs in Marion Diagnostic Center v. Becton, Dickinson & Co. The plaintiffs, who are health care providers, allege that Becton, Dickinson & Co. illegally dominated the markets for conventional syringes, safety syringes, and safety IV catheters.
Read MoreOpen Markets Institute on ProMarket proposes a system of simple rules that complies with the traditional American approach to protecting and restructuring an open and democratic society, With the five key planks discussed in this article, OMI offers an opportunity to reinstate antimonopoly through this bright-line initiative. With clear objective to reimpose America’s open democracy, the Open Markets team declares, “From the first, effective antimonopoly policy has relied on simple, bright-line rules. Today again, a comprehensive set of simple structural limitations— implemented through legislation, regulation, and policy guidance—is critical to protecting our democracy and our most fundamental liberties.”
Read More“The FTC’s likely fine appears to be grossly insufficient to punishing Facebook for its outrageous behavior," stated Open Markets Executive Director Barry Lynn. "By failing to stand up for its own authority, the FTC appears, in turn, to be demonstrating complete disregard for the fundamental interests of the American people."
Read MoreOpen Markets Legal Director Sandeep Vaheesan published an op-ed on Financial Times' Alphaville explaining why America's prosperity depends on stopping mega mergers. He looks at the proposed T-Mobile-Sprint merger and makes the case as to how this merger will not only further concentrate and wireless market from four big players to three but subsequently harm the public by raising prices and workers in the industry by resulting in lower wages.
Read MoreOpen Markets is pleased to see Mayor Buttigieg and Rep. O’Rourke consider the question of corporate power, but Buttigieg appears confused and O’Rourke appears to be sitting on the fence.
Read MoreOpen Markets' Food & Power reporter Claire Kelloway published a feature on Talk Poverty about how the meat processing industry is about to get a lot worse thanks to a new pork inspection rule the Trump administration is seeking to pass. The new rule would have inspection lines run even faster and plant employees will have to take responsibility for visual inspection of meat, putting workers and eaters at risk.
Read MoreThe New York Times talks to Open Markets Institute fellow Matt Stoller about the rumored $3 to 5 billion dollar fine the Federal Trade Commission intends to levy against Facebook. His quote describing the fine as a "parking-ticket-level penalty" made the NYT's Quote of the Day.
Read MoreOpen Markets Institute fellow Matt Stoller makes The New York Times' Quotation of the Day on Apr. 24, 2019: “This would be a joke of a fine — a two-weeks-of-revenue, parking-ticket-level penalty for destroying democracy.”
Read MoreDavid Dayen reports the story of Shaoul Sussman, a law student at Fordham University, who may be able to prove Amazon profitably engages in predatory pricing. “It’s long overdue for a rethinking of predatory pricing,” says Open Markets Institute fellow Matt Stoller.
Read MoreOpen Markets Institute applauds Senator Cory Booker (D-NJ) for calling for the break-up of the big tech platforms, and for accurately characterizing them as “engines for discrimination, harassment, misinformation and extremism.”
Read MoreWelcome to The Corner. In this issue, we discuss why the FTC had to spend two years proving that it was illegal for a drug monopolist to pay off its competitor. And we share two new feature articles by Open Markets team.
Read MoreOpen Markets Institute is one of 24 signatories to a coalition letter, organized by 4Competition, to the U.S. Department of Justice Antitrust Division and the Federal Communications Commission strongly opposing the T-Mobile-Sprint merger.
Read MoreBristol-Myers Squibb Co. won shareholder approval for its $74 billion takeover of Celgene Corp., closing “the largest pharmaceutical merger in history”, according to Bloomberg. Open Markets calls on the Federal Trade Commission (FTC) to block this deal.
Read MoreIn an interview Sunday, Congresswoman Alexandria Ocasio-Cortez (D-NY) said she has closed her account on Facebook, due to concerns about the “public health risk” posed by the platform.
Read MoreMotherboard reporter Rob Dozier reports on how industry association lobbying defanged the Illinois Keep Internet Devices Safe Act, which would have empowered average people to sue big companies for recording them without consent. He cites Open Markets fellow Matt Stoller for sharing the lobbying groups' statements on Twitter.
Read MoreSpeaker of the House Nancy Pelosi (D-CA), interviewed on the Recode podcast this week, said “There are clear lines that we see in...companies that maybe could be easily broken up, without any impact, one on the other. I’m a big believer in the antitrust laws.”
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