Anti-Competition Issues – The News Desk

Big Tech Braces for Wave of Antitrust Rulings in 2024

1Jan

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Technology

Big Tech Braces for Wave of Antitrust Rulings in 2024

U.S. antitrust cases against tech giants Google and Meta Platforms are expected to come to a head in 2024, likely producing long-awaited rulings that could shape the legacies of top Biden administration regulators.Silicon Valley and its critics have seen their patience tested on some of these cases. A U.S. antitrust case brought against Alphabet’s Google unit in 2020 went to trial in 2023 and now heads to closing arguments in May.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

JD.com Wins Antimonopoly Suit Against Alibaba

30Dec

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World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

29Dec

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World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Illumina to Divest Itself of Cancer-Test Maker Grail

18Dec

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World

Illumina to Divest Itself of Cancer-Test Maker Grail

Gene-sequencing company Illumina said Sunday it will divest itself of cancer blood test maker Grail, following Illumina’s loss in its legal battle against U.S. antitrust regulators.Illumina said it will pursue the divestiture through a third-party sale or capital markets transaction, with a goal of completing terms by the middle of next year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Court Sides With FTC Finding Illumina-Grail Deal Anticompetitive

16Dec

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World

Court Sides With FTC Finding Illumina-Grail Deal Anticompetitive

A federal appeals court said the U.S. government was right to challenge Illumina’s purchase of cancer-test developer Grail, but still sent the case back to the Federal Trade Commission for reconsideration.A three-judge panel found the deal to be anticompetitive, but said the FTC erred in how it considered Illumina’s proposed fix for its drawbacks. The judges ordered the FTC to reconsider its opinion on the troubled deal, which the European Commission has already ordered Illumina to unwind.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple, Google Get Billions From Their App Stores. That’s Now Under Threat.

13Dec

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Technology

Apple, Google Get Billions From Their App Stores. That’s Now Under Threat.

Updated Dec. 12, 2023 6:34 pm ETMonday’s court ruling that Google has operated an illegal app-store monopoly is the latest in a mounting series of threats to the $500 billion-a-year app-store economy, which has evolved into a profit machine for Apple and Google that helped define the smartphone era.A jury unanimously sided with Epic Games, saying that Google had harmed the videogame maker by maintaining an illegal monopoly. Google said it plans to appeal the verdict and stands by its business model. In a separate case that concluded in 2021, a federal judge largely ruled against Epic even as she ruled that Apple must allow third-party software makers to steer customers to payment options within their own apps. The outcome might ultimately be decided by the Supreme Court.Copyright ©2023 Do...

Google Loses Antitrust Case Brought by Epic Games

12Dec

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Technology

Google Loses Antitrust Case Brought by Epic Games

Updated Dec. 11, 2023 11:35 pm ETGoogle lost an antitrust case over the market power of its app store on Monday, a blow to the search giant as it faces other legal challenges to its search dominance and ad tech business.Videogame maker Epic Games sued the search giant in 2020, alleging it used its dominant position to squeeze excess profits from app developers. The San Francisco jury reached a unanimous verdict after deliberating for less than four hours. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

12Dec

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World

Google Loses Antitrust Case Brought by Epic Games

Updated Dec. 11, 2023 11:35 pm ETGoogle lost an antitrust case over the market power of its app store on Monday, a blow to the search giant as it faces other legal challenges to its search dominance and ad tech business.Videogame maker Epic Games sued the search giant in 2020, alleging it used its dominant position to squeeze excess profits from app developers. The San Francisco jury reached a unanimous verdict after deliberating for less than four hours. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Regulation of AI Advances in European Union Deal

9Dec

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World

Regulation of AI Advances in European Union Deal

BRUSSELS—European lawmakers reached a political deal for regulating artificial intelligence, marking a step toward establishing a comprehensive AI law in a Western country. The European Union’s Artificial Intelligence Act is the latest in a series of regulations the bloc has pushed forward that is expected to reverberate through the global tech industry and affect some of its biggest players. Earlier legislation from the EU set out new competition and online content rules that affect large U.S. tech companies including Meta Platforms, Apple and Google’s parent, Alphabet.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Microsoft-OpenAI Partnership Draws Scrutiny From U.K. Regulator

8Dec

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World

Microsoft-OpenAI Partnership Draws Scrutiny From U.K. Regulator

Updated Dec. 8, 2023 12:15 pm ETU.K. regulators said they are examining Microsoft’s partnership with OpenAI, marking a first push by one of the world’s most influential competition authorities to scrutinize the relationship between the tech giant and the artificial-intelligence company behind ChatGPT.Britain’s Competition and Markets Authority said Friday that it is seeking feedback on whether the partnership should be considered a de facto merger, in an initial step that could lead to a formal investigation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8