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New tech antitrust hurdle: Republican party splits

Divisions within party caucuses, particularly Republicans, are emerging as a new threat to Congressional action against alleged monopolistic behavior by tech giants.Why it matters: It's a blow to the longstanding theory that a bitterly divided Congress could still agree to tighten the antitrust screws on Big Tech, since both sides have beefs with the industry.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeWhat's happening: Key Republicans on t

Amazon-MGM Seen Winning Antitrust Nod as Tech Critics Cry Foul

(Bloomberg) Amazon.com Inc.’s takeover of Metro-Goldwyn-Mayer is sparking fresh criticism about the spreading tentacles of America’s technology giants, but the deal underscores how competition watchdogs have their hands tied when it comes to curbing the companies’ growth.Critics of tech firms in Washington on Wednesday slammed the MGM deal as the latest example of how the industry’s biggest players snap up companies to expand their reach, even as they face a flurry of antitrust lawsuits and moves by lawmakers to rein them in.“Another day. Another mega merger,” tweeted Representative David Cicilline, the Rhode Island Democrat who led a sweeping investigation of Amazon, Facebook Inc., Alphabet Inc. and Apple Inc. “Amazon’s proposed purchase of MGM reinforces what we already know they are laser-focused on expanding and entrenching their monopoly power.”Amazon announced the MGM deal a day after being sued by the attorney ge

Rule 2 5 Announcement: Xeris Pharmaceuticals, Inc to Acquire Strongbridge Biopharma plc in Stock and CVR Transaction, Creating an Innovative Leader in Endocrinology and Rare Diseases

Rule 2.5 Announcement: Xeris Pharmaceuticals, Inc. to Acquire Strongbridge Biopharma plc in Stock and CVR Transaction, Creating an Innovative Leader in Endocrinology and Rare Diseases NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION THIS ANNOUNCEMENT IS BEING MADE PURSUANT TO RULE 2.5 OF THE IRISH TAKEOVER RULES FOR IMMEDIATE RELEASE Transaction Creates Fast-Growing Biopharmaceutical Company with Two Commercial Assets and Robust Clinical Pipeline with Multiple Near-term Inflection Points Diversifies Revenue Base with Two Rapidly Growing Brands in Xeris Gvoke® and Strongbridge s KEVEYIS®

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