All articles tagged with #anticompetitive practices
Originally Published 1 year ago — by The New York Times
Elon Musk's SpaceX has become the dominant player in the space launch industry, providing services to NASA and the Pentagon and launching numerous commercial satellites. However, new competitors accuse Musk of using anticompetitive tactics to maintain his market dominance, raising concerns within the U.S. government about over-reliance on a single, unpredictable billionaire.
Originally Published 1 year ago — by Department of Justice
The Justice Department, Federal Trade Commission, and Department of Health and Human Services have launched an online portal, HealthyCompetition.gov, for the public to report potentially unfair and anticompetitive health care practices. This initiative aims to promote competition in health care markets, lower costs, and ensure fairer access to quality care for all Americans. Complaints will be reviewed and may lead to formal investigations, and privacy and confidentiality policies are in place to protect the information submitted through the portal. This is part of the Biden-Harris Administration's efforts to address anticompetitive practices in the health care sector and ensure economic opportunity and fairness for patients, providers, payers, and workers.
Originally Published 1 year ago — by The Athletic
FuboTV has filed a lawsuit against Disney, Fox, and Warner Bros. Discovery, alleging anticompetitive practices in the sports streaming market. The lawsuit claims that the companies' joint venture to launch a sports streaming app will suppress competition and harm consumers. FuboTV accuses the companies of forcing bundling requirements and imposing high licensing fees, leading to higher prices for consumers. The lawsuit seeks a permanent injunction to prevent the joint venture from operating and orders the companies to unwind it, alleging violations of antitrust laws.
Originally Published 2 years ago — by GOBankingRates
Google has agreed to a $700 million settlement in a lawsuit filed by state attorneys general over its monopoly tactics with the Google Play Store. Approximately 102 million consumers were affected, and eligible consumers will receive automatic payments ranging from at least $2, with additional payments based on their Google Play spending. As part of the settlement, Google is restricted from exclusive pre-loading of the Play Store on devices for five years and must allow the installation of third-party apps on Android phones for at least seven years.