All articles tagged with #competition laws
The Justice Department has filed an antimonopoly lawsuit against Apple, accusing the tech giant of violating competition laws with practices designed to maintain customer reliance on their iPhones. This move marks the latest and most significant regulatory action against Apple's suite of devices and services, which have propelled the company to a nearly $3 trillion valuation.
Canada is planning to amend its competition laws to allow the regulator to take action against anti-competitive mergers in the grocery sector, as the government aims to address the issue of rising food prices. Prime Minister Justin Trudeau has summoned the heads of Canada's top grocers to discuss their plans to control food prices, and the government may impose new taxes on grocery chains if they fail to provide a convincing plan. The amendments will also grant the Competition Bureau additional powers to gather information for effective market studies.
The PGA Tour, DP World Tour, and LIV Golf's joint venture could face legal implications in the areas of antitrust and competition laws, voting and membership rights, and detrimental reliance. The new entity could restrict how the leagues compete for elite pro golfers' services, potentially leading to fewer chances for golfers to ply their trade. Golfers who relied on the PGA Tour's portrayal of LIV as a vehicle of the Saudi government using golf to sportswash its reputation could sue. However, the PGA Tour could insist golfers were free to make their own decisions, and they are responsible for their choices.