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Sen. Hawley s Trust-Busting for the Twenty-First Century Act, introduced on April 12, 2021, takes aim at Big Tech, Big Banks, Big Telecom, and Big Pharma
1 by proposing to curb mergers and acquisitions by large corporations and ease the way for prosecutors and private plaintiffs to prevail in antitrust litigation. Sen. Hawley s bill is the latest proposal for antitrust reform, following Democrat-led efforts such as the House Judiciary staff recommendations in October 2020 and Sen. Klobuchar s antitrust reform bill introduced in February 2021.
On April 12, Sen. Josh Hawley (R-Mo.) introduced the Trust-Busting for the Twenty-First Century Act, proposing to substantially rewrite the US antitrust laws along the lines proposed by prominent Democrats, including Sen. Amy Klobuchar (D-Minn.) and FTC Commissioner nominee Lina Khan. Sen. Hawley s plan would prohibit so-called mega corporations those with a market-cap excee
Klobuchar, Buck urge Congress to act on antitrust reform
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On March 10, the Senate confirmed Merrick Garland as the 86th U.S. attorney general, laying the groundwork for the Biden administration to begin implementing its priorities, including the possible appointment of an antitrust czar. Attorney General Garland departs the D.C. Circuit Court of Appeals, often referred to as the second highest court in the land, where he served as the chief judge for over eight years. In the mid-1980s, General Garland briefly taught antitrust law. He also authored an article in the
Yale Law Journal titled, “Antitrust and State Action: Economic Efficiency and the Political Process,” where he discussed the immunities under the Sherman Act for state and local regulations.
[co-author: Shawn Whites]
The Biden administration’s international climate diplomacy agenda is taking shape. While rejoining the Paris Agreement is the centerpiece, President Biden’s January 27 Executive Order on Tackling the Climate Crisis at Home and Abroad (EO) provides insight into how the U.S. intends to “exercise its leadership to promote a significant increase in global climate ambition.”
1 In our overview of the EO and other “Climate Day” actions, we identified five key action items in international leadership. Below, we assess each item and provide background on the leadership team overseeing U.S. climate diplomacy efforts. In the weeks to come, we will provide deeper dives into some of these topics, including U.S.-China relations, international trade and the administration’s participation in multilateral forums.
Yves here. Get a cup of coffee. This is an in-depth but accessible discussion of how the Big Tech monopolists abused their powers to secure and perfect their advantaged positions. The good news is that the government sleeping giant has awoken to the threat they pose to its authority, and it pulling out antitrust weapons with the aim of cutting the monopolists down to size.
Consider a conversation Alastair Mactaggart had among friends at a social outing. The San Francisco real estate developer asked an engineer working for Google whether we should be worried about privacy. “Wasn’t ‘privacy’ just a bunch of hype?” Mactaggart asked. The Google engineer’s reply was chilling: “If people just understood how much we knew about them, they’d be really worried.”
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