Antitrust

Elon Musk Slams Apple Over App Store Bias, Threatens Legal Action Against ‘Antitrust Violations’

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San Francisco, California — Elon Musk is raising concerns about Apple’s practices in the artificial intelligence sector, alleging that the tech giant displays favoritism towards OpenAI on the App Store. Ensuing a flurry of tweets late Monday, Musk revealed that his company, xAI, is preparing to take legal action against Apple, claiming its behavior could constitute an antitrust violation. In his posts, Musk argued that Apple’s actions make it exceedingly difficult for any AI company other than OpenAI to ascend to the top of the App Store rankings. He described the situation as “an unequivocal … Read more

FTC Takes Action: Lawsuit Filed to Block Edwards Lifesciences’ $945M Acquisition of JenaValve Over Antitrust Concerns

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Washington, D.C. — The Federal Trade Commission is taking legal action against Edwards Lifesciences over its plans to acquire JenaValve, raising concerns about potential antitrust violations in the medical device industry. The FTC argues that this acquisition could stifle competition in the market for transcatheter aortic valve replacement devices designed for treating aortic regurgitation. In July 2024, Edwards Lifesciences announced intentions to purchase JenaValve and JC Medical, two notable developers in the transcatheter aortic valve replacement sector. Edwards completed the acquisition of JC Medical in August, paying approximately $320 million, and the FTC warns that … Read more

Denny Hamlin Weighs In on Latest Antitrust Lawsuit Developments in NASCAR Drama

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Denny Hamlin recently addressed ongoing developments in the antitrust lawsuit concerning NASCAR, providing his thoughts on the implications for the sport and its stakeholders. In an interview, Hamlin, a veteran driver and team owner, noted the significance of the allegations and how they might influence the competitive landscape of racing. The lawsuit targets NASCAR and its governing bodies, alleging anti-competitive practices that may stifle fair competition. For Hamlin, the matter is not only a legal issue but also a question of the integrity of racing as a whole. “It’s important that we maintain a competitive … Read more

Judge Orders Fanatics to Disclose Key Contracts in Ongoing Antitrust Battle with Panini

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NEW YORK — In a high-stakes legal battle, Fanatics has been ordered for the third time to disclose six significant contracts related to trading card licensing in an ongoing antitrust case brought by Panini. A U.S. federal magistrate judge ruled that these documents are crucial for the dispute, which asserts that Fanatics is attempting to monopolize the trading card market through exclusive long-term agreements with leading sports leagues and player associations. Fanatics has resisted the order, citing concerns that revealing these contracts—covering their agreements with MLB, NBA, and NFL—could compromise sensitive information and provide Panini … Read more