All articles tagged with #competition policy
The European Commission has launched an antitrust investigation into SAP, focusing on its practices related to software support services for its on-premises ERP software, amid concerns of market distortion, as SAP works to shift more towards cloud services amidst competition from Microsoft and Oracle.
The Federal Trade Commission has emerged as a key player in President Biden's efforts to combat inflation, filing a lawsuit to challenge a merger between Kroger and Albertsons, echoing the president's focus on corporate greed as a factor in rising grocery prices. With limited unilateral options and little hope for legislative support from Congress, the White House is increasingly relying on the FTC to address consumer concerns about high prices, as grocery costs continue to weigh heavily on consumer sentiment.
Didier Reynders has been appointed as the new EU competition chief, taking over the role from Margrethe Vestager. Reynders will be responsible for overseeing competition policy within the European Union.
The US Department of Justice (DOJ) is expanding its scrutiny of bank mergers, looking at a broader scope of criteria and further empowering independent regulators to take the lead. The DOJ will move away from negotiating deals with merging banks to divest of specific branches as part of its signoff of the union. The new approach is sure to put the banking sector on high alert. The industry has been undergoing rapid consolidation for years, and progressives have been urging the White House and Congress to take action.