LIV Golf and PGA Tour's Truce Sparks US Antitrust Scrutiny.

The partnership between the US nonprofit PGA Tour and Saudi Arabia's for-profit LIV Golf has caught the attention of US antitrust regulators and lawmakers. The deal has prompted the Justice Department and a group of US senators to call for scrutiny that could quash the still-developing arrangement. Concerns over LIV combining with the PGA are multifaceted, though they mainly stem from the merger's likelihood to reduce competition and to provide some level of access or control to its foreign owner, Saudi Arabia's $700 billion Public Investment Fund.