"Importing drugs won’t bring prices down significantly because it fails to address the root cause of the problem: monopoly," said Open Markets Managing Editor Michael Bluhm in a statement today.
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"This decision proves that Assistant Attorney General for Antitrust Makan Delrahim grossly misled the American people when he said he would engage in principle-based enforcement of America's antimonopoly laws, including a tougher opposition to vertical integration by dominant platforms and network monopolies," said Open Markets Executive Director Barry Lynn.
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“The Wall Street Journal has finally confirmed that Google engineers search results to serve its own private interests and those of big advertisers and other giant corporations,” said Open Markets Executive Director Barry Lynn. “It’s way past time for our federal and state governments to fix Google.”
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“We applaud the nineteen attorneys general for endorsing our petition for an FTC rulemaking on non-competes,” said Open Markets Legal Director Sandeep Vaheesan in a statement. “We reaffirm our call for an FTC rule that bans non-competes for all workers, not just a subset of the labor force.”
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Ahead of the House Judiciary Committee’s hearing today on the perspectives of the antitrust agencies on tech monopolies, and in light of the news of Google’s undisclosed partnership with one of the largest health care systems in the United States, the Open Markets Institute along with eight other public interest groups are demanding that the Federal Trade Commission block Google’s $2.1 billion acquisition of Fitbit.
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"While the FCC’s rubber-stamp of the merger is disappointing but not surprising, the group of states challenging the merger in New York next month represents our best hope of protecting our markets and making up for this massive enforcement failure," said Open Markets Reporter and Researcher Matt Buck
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Today, the Open Markets Institute, Change To Win, the National Employment Law Project, and Professors Marshall Steinbaum, Sanjukta Paul, and Veena Dubal filed an amici curiae brief supporting current and former college basketball and football players in their antitrust suit against the National Collegiate Athletic Association (NCAA).
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The Open Markets Institute calls on the Committee for Foreign Investment in the United States (CFIUS) to open a review of TikTok’s parent company Bytedance, as well as it’s 2016 acquisition of Music.ly.
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Open Markets Institute and the Service Employees International Union (SEIU), filed a comment with the U.S. Department of Justice (DOJ) in response to their workshop on competition in labor markets explaining how federal antitrust enforcers should use their power to support American workers.
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“Non-competes strengthen the power of corporate employers at the expense of millions of workers across America,” said Open Markets Legal Director Sandeep Vaheesan. “This is a huge step in advancing worker freedom, and we applaud Senators Young and Murphy for taking it.”
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Today, Open Markets Institute Fellow Matt Stoller released his new book Goliath: The 100-Year War Between Monopoly Power and Democracy. “We are in a moment where capitalism is being seriously questioned, and Goliath explains why," said Matt Stoller.
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"Demand Justice's call to elevate a diverse slate of judges who will stand up to concentrated corporate power is essential for creating a just, inclusive economy and democracy," said Open Markets Deputy Director Sarah Miller.
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“We strongly applaud these common-sense rules for ending dangerous concentrations of power in our economy,” said Barry Lynn, Executive Director of the Open Markets Institute. “Bernie Sanders has a simple rule. If a company is too big, it should be made smaller.”
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"Senator Booker’s plan is long overdue," said Open Markets Legal Director Sandeep Vaheesan. "The NCAA is, in effect, a cartel of employers robbing college athletes of fair, competitive wages, not dissimilar to how corporations in tech and other sectors have conspired to suppress their employees' salaries."
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"That PayPal has woken up to the dangers Libra poses to democracy, and has chosen to leave the project, is enough of a signal that the remaining consortium partners should do the same and walk away," said Open Markets Chief of Staff Laura Hatalsky in a statement.
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“Senator Warren recognizes that antitrust law should be an integral part of a pro-worker agenda," Open Markets Legal Director Sandeep Vaheesan said in a statement. “We applaud her efforts to return power to workers.”
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The below is a statement from Claire Kelloway, Reporter & Researcher at Open Markets Institute, regarding Agriculture Secretary Sonny Perdue’s comment “In America, the big get bigger and the small go out.”
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“We believe that the plaintiffs have shown the existence of a collusive agreement among the ranchers and that the panel's decision is bad law and threatens to encourage other employer cartels,” said Open Markets Legal Director Sandeep Vaheesan.
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