Podcasts about antitrust division

Elizabeth Odette is the Assistant Attorney General for the Antitrust Division in the Office of the Minnesota Attorney General and the Antitrust Task Force Chair for the National Association of Attorneys General (NAAG). Tune in to this conversation to hear about her work, the antitrust enforcement priorities of NAAG, reflections on the current direction of state antitrust enforcement, and more.Featuring:Elizabeth Odette, Assistant Attorney General, Antitrust Division, Office of the Minnesota Attorney General; and Antitrust Task Force Chair, National Association of Attorneys GeneralModerator: John Wiegand, Antitrust Attorney, Federal Trade Commission--To register, click the link above.

On April 17, the U.S. District Court for the Eastern District of Virginia held that Google violated antitrust law through the monopolization of digital advertisement. Google’s “exclusionary conduct substantially harmed Google's publisher customers, the competitive process, and, ultimately, consumers of information on the open web,” said the Court. This is the second case in which the Department of Justice’s Antitrust Division has scored a win against Google, the first having come in August 2024 and relating to Google’s monopoly of “general search.” Google has vowed that they will appeal both cases. Join this FedSoc Forum to discuss the case and its possible future effects.Featuring:Prof. Rebecca Haw Allensworth, David Daniels Allen Distinguished Chair of Law, Vanderbilt University Law SchoolBilal Sayyed, Senior Competition Counsel, TechFreedomJoel Thayer, President, Digital Progress InstituteModerator: Asheesh Agarwal, Consultant, American Edge Project and U.S. Chamber of Commerce--To register, click the link above.

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture The globalist and the [CB] are fighting back against Trump's restructuring plan. We are witnessing the game of chicken, who will fold first, Trump will not. Trump can see the board clearly now, who the real trading partners are and who are not. Soon the people will see the birth of a new economic system. The [DS] is fighting back with everything they have, but Trump has been removing their ammunition and ammo is hard to come by. Trump is ready to continue the story of the [DS], the RFK & MLK files are ready to be released. The crossfire hurricane files have been released. Trump is setting the stage for the MOAB. The [DS] is feeling pain every step of the way.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy Largest US Egg Producer Cal-Maine Under DOJ Price Investigation Cal-Maine Foods Inc., the nation's largest egg producer,, on Tuesday acknowledged that it is being investigated by the Department of Justice's Antitrust Division over the national increase in egg prices. The brief admission in its newest financial report made headlines and the company's shares fell by about 4 percent in after-hours trading. “In March 2025, the Company received a civil investigative demand in connection with a widely publicized investigation by the Antitrust Division of the Department of Justice into the causes behind nationwide increases in egg prices,” Cal-Maine said in its financial report for its third quarter on Tuesday. “The Company is cooperating with the investigation.” Cal-Maine also announced that it signed an agreement before the end of the third quarter to acquire Echo Lake Foods for about $258 million. “Echo Lake Foods is a leading innovator with a long history of providing quality ready-to-eat egg products and breakfast foods to a blue-chip customer base,” Miller said. Source: zerohedge.com Goldman Sachs Suddenly Changes Tune On Recession Forecast After Trump's Tariff Pause Goldman Sachs reversed its recession forecast just moments after President Donald Trump announced a 90-day pause on his “Liberation Day” tariffs. The investment giant had raised its recession outlook to a 65% probability earlier in the day following the rollout of country-specific tariffs, which briefly rattled markets. But after Trump's surprise announcement to scale back the trade war, Goldman economists backtracked almost immediately, dialing the probability down to 45% and restoring their prior GDP growth forecast of 0.5%.   Source: dailycaller.com https://twitter.com/TrumpWarRoom/status/1910315375796830446 https://twitter.com/drawandstrike/status/1910062219448009022  courtrooms to challenge tariffs and other trade decisions. But too many people were DEMANDING this happen, and so it did. George W. Bush, Barack Obama between them spent 16 years being paid off to step out of the way and let American manufacturing be gutted and sold in a fire sale and shipped overseas. https://twitter.com/RapidResponse47/status/1910073203692916864 https://twitter.com/Pfeiffer47/status/1910153826016903327   It's possible Trump is now doing to Communist China what Reagan did to Soviet Union.     https://twitter.com/WarClandestine/status/1910043153861656787 https://twitter.com/Rasmussen_Poll/status/1909946898972373039 House Bill   House bill mixes extending existing tax cuts with potentially new ones, though the exact details of which new cuts will be included are still being negotiated as part of the reconciliation process. Senate Bill The Senate,

I talk to Jonathan Kanter who served as the Assistant Attorney General for the Antitrust Division of the U.S. Department of Justice from 2021 to 2024.Kanter discusses his experiences at the FTC and DOJ, emphasizing the need for rigorous antitrust enforcement, especially as modern markets have evolved and become dominated by Big Tech. He highlights the importance of confronting monopolies to protect economic fairness, innovation, democracy, and freedom, and explains how he prioritized impactful cases against major corporations like Google, Apple, Ticketmaster, and others. Reflecting on his tenure, he stresses adapting antitrust laws to current market realities, warns about the dangers of economic concentration, and expresses the need for support for robust antitrust enforcement to maintain healthy competition and democracy.

As the second Trump Administration begins, expectations are high for pro-growth policies and a favorable regulatory environment that could drive increased M&A activity. Join Teneo Insights Series host Kevin Kajiwara and guests Makan Delrahim, Partner at Latham & Watkins and former Assistant Attorney General in charge of the U.S. Department of Justice's Antitrust Division, Lauren Thomas, Lead Deals Reporter at The Wall Street Journal and Teneo Senior Managing Director Stephen Cohen for a timely discussion on the evolving M&A landscape, including potential shifts in antitrust enforcement and market dynamics. The conversation also explores how businesses and investors are preparing for new challenges and opportunities, from changing policies and geopolitical considerations to the broader economic implications of this pivotal moment.

The U.S. Department of Justice Antitrust Division recently updated its guidance regarding the division's “Evaluation of Corporate Compliance Programs in Criminal Antitrust Investigations.” What are the key changes? In this episode, Alicia Downey and Anora Wang talk to Emma Burnham, Antitrust Division Director of Criminal Enforcement, about how prosecutors assess the effectiveness of corporate antitrust compliance programs against the backdrop of the increasing utilization of artificial intelligence and ephemeral messaging technology. Private practitioner Tee St. Matthew-Daniel of Paul Weiss joins the conversation with her insights on the elements of the updated guidance that companies and their antitrust counsel need to consider, as well as a preview of the Section's biannual Women's Antitrust Roundtable. With special guests: Emma Burnham, Director, Antitrust Division, Department of Justice and Tee St. Matthew-Daniel, Partner, Paul, Weiss, Rifkind, Wharton & Garrison LLP Related Links: U.S. Department of Justice Antitrust Division, Evaluation of Corporate Compliance Programs in Criminal Antitrust Investigations (Nov. 13, 2024) Antitrust Magazine Interview with Emma Burnham, Director, Antitrust Division, Department of Justice, Antitrust, Vol. 39, Issue 1, Fall 2024 (Dec. 13, 2024)  Hosted by: Alicia Downey, Downey Law LLC and Anora Wang, Arnold & Porter Kaye Scholer LLP

Gail Slater is Donald Trump’s pick to head the Justice Department's antitrust division. As she gears up to oversee cases against major tech companies like Google and Apple, how will the veteran antitrust lawyer view future mergers in Hollywood? Kim Masters and Matt Belloni dive in.  Plus, Masters speaks to journalist Jacob Soboroff and documentarian Errol Morris about their film Separated, a sobering look at the Trump Administration’s 2017 child separation policy. They have a lot to say about those who were complicit in tearing thousands of children away from their families. Plus, Soboroff weighs in on Comcast’s refusal to release the film before the election.

Critics have raised concerns about the inadequacy of the consumer welfare standard for the 21st century, while others defend the standard as a proven and manageable test. Has the focus on consumer welfare led to under-enforcement? Is there an objective and administrable alternative to replace it? This panel will discuss which approach to antitrust is best and ways forward to increase U.S. competitiveness and economic growth.Featuring:Mr. Adam Cella, Chief Counsel for the Administrative State, Regulatory Reform, and Antitrust, House Committee on the Judiciary Mr. Thomas DeMatteo, General Counsel, Senate Judiciary CommitteeMr. Michael Kades, Deputy Assistant Attorney General for the Antitrust Division, U.S. Department of Justice Mr. Christopher Mufarrige, Chief of Staff and Attorney Advisor, FTC Commissioner Melissa HolyoakMr. Alex Okuliar, Co-Chair of Morrison Foerster’s Global Antitrust Law Practice Group, Morrison FoersterModerator: Hon. Jennifer Walker Elrod, Judge, United States Court of Appeals, Fifth Circuit

In this episode of French Insider, Jared Nagley, a partner in Sheppard Mullin's Antitrust and Competition Group formerly with the FTC's Bureau of Competition, joins host Inès Briand to discuss the impact of the upcoming 2024 election on the U.S. antitrust landscape, and potential impacts from both a Democratic and Republican outcome.   What We Discussed in This Episode: Will the outcome of the upcoming Presidential election have a major impact on antitrust enforcement? How do Democrats and Republicans view antitrust enforcement, and what are the similarities and differences between their perspectives? How have both parties become more aggressive in their view of enforcement, and which industry sectors are they targeting? Given healthcare's significant and public role in the US economy, how does enforcement differ under both political parties, particularly in relation to industry consolidation and drug costs? Which party has a more aggressive stance on antitrust challenges and investigations in the Big Tech space, and how will this industry be impacted? Which party has adopted a more assertive approach toward antitrust challenges and investigations in Big Tech and what might this industry look like post-election? What has been proposed to address serial acquisitions or roll-ups? About Jared Nagley Jared Nagley is a partner in Sheppard Mullin's New York office, where he is a partner in the Antitrust and Competition Group. Jared's practice focuses on complex antitrust matters, including defending clients in litigations and government investigations brought by the Federal Trade Commission (FTC), the Department of Justice's Antitrust Division, and state and international enforcement authorities, in addition to advising clients in their mergers and acquisitions, joint ventures, and other strategic business issues. He is a member of the firm's French Desk and Canada Desk Teams. Prior to joining Sheppard, Mullin, Jared spent eight years at the FTC's Bureau of Competition, where he served as the lead attorney in several significant public matters and was the recipient of the Janet D. Steiger Award. About Inès Briand Inès Briand is an associate in Sheppard Mullin's Corporate Practice Group and French Desk Team in the firm's Brussels office, where her practice primarily focuses on domestic and cross-border mergers and acquisition transactions (with special emphasis on operations involving French companies). She also has significant experience in general corporate matters and compliance for foreign companies settled in the United States. As a member of the firm's French Desk, Inès has advised companies and private equity funds in both the United States and Europe on mergers, acquisitions, commercial contracts and general corporate matters, including expansion of French companies in the United States.   Contact Information Jared Nagley Inès Briand   Thank you for listening! Don't forget to SUBSCRIBE to the show to receive every new episode delivered straight to your podcast player every week. If you enjoyed this episode, please help us get the word out about this podcast. Rate and Review this show in Apple Podcasts, Deezer, Amazon Music, or Spotify. It helps other listeners find this show.

Deputy Assistant Attorney-General John W. Elias lays out the mission and culture of the Antitrust Division at the US Department of Justice, covering diversity in competition law, the new geometries of the US merger guidelines, and the recent AI workshop at Stanford. Plus vague promises and unfair trading practices; a hat-trick of competition and labour law complaints against FIFA; the ACCC's new merger surveillance team; and what the US election might mean for antitrust enforcement. All this and a bunch of goo with co-hosts Moya Dodd and Matt Rubinstein. Meet the Gilbert + Tobin Competition, Consumer + Market Regulation team Email us at edge@gtlaw.com.au Support the show: https://www.gtlaw.com.au/See omnystudio.com/listener for privacy information.

What are the antitrust implications of AI systems? At a recent conference co-hosted by Lawfare and the Georgetown Institute for Law and Technology, Lawfare Senior Editor Alan Rozenshtein sat down with David Lawrence, the Policy Director at the the Department of Justice's Antitrust Division to talk about how competition law applies to the makers and users of AI models.To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/c/trumptrials.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.

Private equity is looting America by exploiting vulnerable companies and extracting profits at the expense of workers, communities, and the broader economy. They've been buying up companies in every industry in the U.S. Economy and stripping them for parts. These massive firms have vast holdings across critical industries essential to the health and well-being of everyday people. Some recent examples include private equity's role in education, utilities, housing, and even in the healthcare sector, which led to the closure of hospitals and nursing homes, endangering public health. We thought it would be a good time to revisit this episode from 2023 with Brendan Ballou, a federal prosecutor and the author of Plunder: Private Equity's Plan to Pillage America. In this episode, he explains how we can stop private equity's plan to pillage America. This episode originally aired on July 25, 2023. Brendan Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department's Antitrust Division. Previously, he worked in private practice, and before that, in the National Security Division of the Justice Department, where he advised the White House on counterterrorism and other policies. Twitter: @brendanballou Further reading:  Plunder: Private Equity's Plan to Pillage America The Guardian - Slash and burn: is private equity out of control? Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon, @NickHanauer, @civicaction Instagram: @pitchforkeconomics Threads: pitchforkeconomics YouTube: @pitchforkeconomics Substack: The Pitch

Leah, Melissa, and Kate kick off with a look at Jack Smith's unsealed brief on Trump's election interference case before digging into some cases the court is hearing this week, including one centered around ghost guns–unserialized guns that can be put together from component parts. Then, Melissa and Leah speak with Doha Mekki and Jonathan Kanter of the DOJ's Antitrust Division about how antitrust law can be a vehicle for progressive social change.Listen back to our 2023 interview with one of Richard Glossip's lawyers Follow us on Instagram, Twitter, Threads, and Bluesky

On this episode of Ruled by Reason, Emily Bridges of the Food and Agriculture Impact Project has a wide-ranging discussion with antitrust scholar Peter Carstensen about the role of information exchange in restricting competition in agricultural markets, focusing on how the DOJ's case against Agri-Stats addresses that threat. After covering the oligopolistic nature of many agricultural markets (2:45), the two do a deep dive on why information exchange can be so harmful to competition (11:04). Professor Carstensen explains how the law on information exchange has evolved and how that history has led to unfortunate ambiguity about the applicable standard (17:10). Professor Carstensen then explains why information exchange has been a particular problem in agricultural markets. He describes how recent cases in this area, including both private actions and the DOJ's case against the information aggregator, Agri-Stats, can play an important role in clarifying and strengthening enforcement against unjustified information exchanges (27:20). The discussion concludes with some thoughts about what we can expect from current trends in litigation over illegal information exchanges (48:50). Emily Bridges is a Research Attorney for the LL.M. Program in Agricultural and Food Law at the University of Arkansas School of Law, working with the Food and Agriculture Impact Project. Emily received a JD and an LL.M. in Agricultural and Food Law from the University of Arkansas School of Law. The Food and Agriculture Impact Project works with faculty, students, organizations and other educational institutions to provide policy and legal research, analysis and education, supporting the farm and food community with educational resources. Peter Carstensen is Professor Emeritus at the University of Wisconsin Law School and a Senior Fellow and Advisory Board Member at AAI. He previously served in the Antitrust Division at the Department of Justice. Professor Carstensen received the 2024 Alfred E. Kahn Award for Antitrust Achievement, presented by AAI in recognition of his outstanding contributions to the field.

In this episode of Ruled by Reason, AAI President Randy Stutz sits down with Andy Green, the Senior Advisor for Fair and Competitive Markets at the U.S. Department of Agriculture. The two discuss how Green found his way to the USDA after beginning his career as a corporate securities lawyer and developing policy expertise in the financial sector (2:46), the new role created for a competition advisor at USDA (9:25), USDA's tools for implementing President Biden's Executive Order on Promoting Competition (11:02), USDA's coordination with the USPTO to strengthen patent quality and promote competition in seeds markets (29:25), USDA's coordination with the Antitrust Division of the DOJ to enforce the unique standards of the Packers & Stockyards Act (35:57), the interplay between Sherman Act claims involving collusive price setting through intermediaries and the USDA's pricing transparency rulemakings (41:48), and issues in food and agriculture that the next president of the United States will inherit (44:28).

On this edition of Parallax views, Emily Peterson-Cassin of the Demand Progress Education fund joins the program in the first segment to discuss the landmark decision made in the Google antitrust lawsuit that saw a judge declare that Google is a monopolist. This is a major win for the antitrust movement and those seeking to challenge monopoly capitalism in America. We'll discuss what this means as well as why anti-trust is important for consumers and workers as well as society as a whole. Additionally, we'll discuss the billionaire attacks on FTC chair Lina Khan by billionaires like Reid Hoffman who dislike her antitrust agenda. Recently, Hoffman donated millions to the Kamala Harris campaign and then went on TV to talk about how he'd like to see Khan sacked form the FTC. Supporters of Khan have accused using his status as a mega-donor to curry favor with the Harris campaign in the hopes that a Harris administration will repay him by removing Khan from her position. We'll discuss all of this as well as the work Khan and Jonathan Kanter of the DOJ's Antitrust Division have done over the past four years of President Joe Biden administration. We'll also discuss how Khan, Kanter, and others have inspired a new generation of antitrust enthusiasts that want to break up concentrated corporate power's grip on America. In the second segment of the show, The American Prospect's Macy Stacher joins the show to discuss his article, "Waffle House Workers Challenge the Southern Economy". Waffle House workers are fighting back against ridiculously low, non-livable wages as well as lack of safety at their jobs, wage theft, meal deductions policies, and, overall, labor policies of the Jim Crow-era that have persisted in today's American South. You may have heard about the phenomena of "Waffle House Fights" that go viral on Twitter and garner chuckles in social media, but what is happening to Waffle House workers who face safety risk and a lack of concern from corporate office in Atlanta when it comes to their needs and rights is no laughing matter. We'll discuss how the Union of Southern Service workers are changing all that and the struggles that Waffle House workers like Cindy Smith, who is prominently featured in Macy's article, face regularly. Macy will also explain how the Atlanta HQ of Waffle House locked out protesting workers and threw out their petition. But even with all the grimness of what these workers face, we'll also delve into the successes they've been able to achieve especially in regard to wages recently. All that and more on this edition of Parallax Views.

Kara and Scott discuss the global stock market sell-off, and why people shouldn't panic. Then, Berkshire Hathaway unloads nearly half of its stake in Apple as the company's cash stockpile increases, and what's behind the reported growing tensions between Warren Buffett and Bill Gates. Plus, Donald Trump ditches the previously scheduled ABC debate, and insists on Fox News or nothing. Our Friend of Pivot is Jonathan Kanter, the Assistant Attorney General for the Justice Department's Antitrust Division. Jonathan gives his immediate reaction to the landmark Google antitrust ruling, and explains the repercussions for tech and beyond. Follow us on Instagram and Threads at @pivotpodcastofficial. Follow us on TikTok at @pivotpodcast. Send us your questions by calling us at 855-51-PIVOT, or at nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On this edition of Parallax Views, another double feature with two guests. First up, if there's any interview you listen to on my show this week make it this one, folks. David Dayen, executive editor of The American Prospect and author of Monopolized: Life in the Age of Corporate Power, joins the show to discuss his important article "The Corporate Wishcasting Attack on Lina Khan". Lina Khan was apponted by President Joe Biden to chair the Federal Trade Commission (FTC). In this role Khan, alongside the Antitrust Division of the Justice Department's Jonathan Kanter and others, has attempted to take on big tech, corporate power, and monopoly capitol in America. Billionaire LinkedIn co-founder Reid Hoffman is apparently not happy about this because after donating $8.6 million to Super PACs supporting Democratic Presidential candidate Kamala Harris has claimed Khan is “waging war on American business” and pushed for a Harris administration to dump her as FTC chair. Dayen and I will discuss why billionaires like Hoffman are so opposed to Harris and those who support strengthening antitrust laws and their enforcement in the U.S. We'll also discuss what Dayen argues the billionaire anti-antitrust crowd are leaving out about how Khan's agenda benefits working people over corporate profits. Although some reports indicate that Harris is skeptical of Khan's antitrust agenda and may as a result remove her, Dayen cautions that we don't know what a Harris administration will do with the antitrust agenda that has been ushered in by the Biden administration in recent years. Nonetheless, he argues that supporters of the antitrust movement should mobilize in support of Lina Khan now. Recently, a number of organizations, including the AFL-CIO and NAACP, signed a letter in support of Khan. At the end of the conversation we also discuss Dayen's latest article in "The Only Member of Congress Who Has Worked for Kamala Harris" in which he interviewed former Rep. Katie Porter who worked with Kamala Harris about her thoughts on how Harris will deal with big business and corporate interests. In the second segment of the show, the Revolving Door Project's Chris Lewis joins the show to discuss his American Prospect article, "The Dangerous Authoritarian Gunning to Serve as Trump's Grand Vizier". Chris and I take a closer looks at the figure of Trump loyalist and Christian nationalist Russ Vought, founder of the Center for Renewing America. Vought worked for the Trump administration from the director of the Office of Management and Budget from July 2020 to January 2021. Since then, he has become involved in the saga of the controversial Project 2025. Chris explains Vought's beliefs and rather authoritarian, even anti-constitutional or post-constitutional views on America. Additionally, Chris and I delve into the Project 2025 Schedule F scheme that would allow the President to sack numerous civil servants in various federal agencies to replace them with loyalists. Theoretically, this could lead to cranks with no knowledge in an agency's expertise in key positions they are not equipped to be in. In other words, imagine Infowars' Alex Jones, who has promoted using colloidal silver as supplement to counter coronavirus (despite the dangers of colloidal silver consumption), in a key position at the FDA.

Rundown -    Intro - 00:35   Phil Weiser in Craig's Lawyers' Lounge - 17:54   Troubadour Dave Gunders - 48:01   "Set the Tone" by Dave Gunders - 01:06:50   Outro - 01:11:42   Phil Weiser's journey to becoming the Colorado Attorney General is truly inspiring. He served as a law clerk for Justices Byron R. White and Ruth Bader Ginsburg in the U.S. Supreme Court and later became senior counsel for the Justice Department's Antitrust Division. He then became CU Law Dean.   We delve into the crucial responsibilities of an Attorney General, the state's chief law enforcement officer, a position of great significance held by Kamala Harris (California) and Josh Shapiro (Pennsylvania). What great training for higher office.   Colorado AG recounts his office's success in stopping Kroger's proposed merger with Albertsons. Weiser also discusses governmental solutions to airline travel delays, other consumer rip-offs, and social media targeting teenagers.   The results in the Elijah McClain death prosecutions are reviewed. Phil Weiser discusses the commitment, ethics, and energy necessary to be a good prosecutor. Our jury system and Kamala Harris's career path are praised.   Pennsylvania Governor Josh Shapiro mentored AG Weiser, and Phil went to see then AG Shapiro for advice before running for the job in Colorado. Weiser is a massive fan of Shapiro, who may be the Dem VP nominee. Governor Shapiro castigates Trump for shit-talking America.   Troubadour Dave Gunders brings us great music and vibes as we celebrate Kamala Harris's elevation to the Democratic Party's presidential nominee. “Set the Tone” is about perseverance and the power of people, especially those with a good attitude. We are thrilled by the political events of the last week. https://www.youtube.com/watch?v=3BI9wgUy1l0

The biggest companies in the world are now tech companies, which is why the biggest antitrust, anti-monopoly fights in recent memory are centered around Silicon Valley.  Guest:  Jonathan Kanter, Assistant Attorney General, Antitrust Division, U.S. Department of Justice Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Public.com+Public Investing: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The biggest companies in the world are now tech companies, which is why the biggest antitrust, anti-monopoly fights in recent memory are centered around Silicon Valley.  Guest:  Jonathan Kanter, Assistant Attorney General, Antitrust Division, U.S. Department of Justice Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Public.com+Public Investing: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The biggest companies in the world are now tech companies, which is why the biggest antitrust, anti-monopoly fights in recent memory are centered around Silicon Valley.  Guest:  Jonathan Kanter, Assistant Attorney General, Antitrust Division, U.S. Department of Justice Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Public.com+Public Investing: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The biggest companies in the world are now tech companies, which is why the biggest antitrust, anti-monopoly fights in recent memory are centered around Silicon Valley.  Guest:  Jonathan Kanter, Assistant Attorney General, Antitrust Division, U.S. Department of Justice Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Public.com+Public Investing: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The biggest companies in the world are now tech companies, which is why the biggest antitrust, anti-monopoly fights in recent memory are centered around Silicon Valley.  Guest:  Jonathan Kanter, Assistant Attorney General, Antitrust Division, U.S. Department of Justice Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Public.com+Public Investing: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

The biggest companies in the world are now tech companies, which is why the biggest antitrust, anti-monopoly fights in recent memory are centered around Silicon Valley.  Guest:  Jonathan Kanter, Assistant Attorney General, Antitrust Division, U.S. Department of Justice Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Public.com+Public Investing: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Morrison Foerster Investigations + White Collar Defense partner Nate Mendell, former Acting U.S. Attorney for the District of Massachusetts, hosted the third episode of When Your Life Sciences Are on the Line, where leading practitioners and thought leaders share the insights and advice needed to manage business and legal risk in the life sciences sector. In this episode, Nate spoke with David Shaw, a partner in Morrison Foerster's Global Antitrust Law Group who formerly served as deputy chief of staff and counsel to the Assistant Attorney General in the Antitrust Division of DOJ, and Eric Tate, chair of Morrison Foerster's Employment + Labor Group, about how the Federal Trade Commission's (FTC) final noncompete rule, which was issued on April 23, 2024, will impact life sciences companies. Together, they discuss the practical implications of the new noncompete rule going into effect as early as September of this year and, most importantly, how to protect your company's trade secrets without the safeguard of a noncompete. Additionally, Nate, David, and Eric explored the exceptions to the rule, such as exemptions for: senior executives with noncompetes in place before the rule goes into effect; employees selling their ownership stake in a business for sale or whose assets are for sale; and lesser restrictive covenants, including non-solicitation restrictions, NDAs, and Garden Leave.

Assistant Attorney General Jonathan Kanter heads the Department of Justice's Antitrust Division. He speaks with Ryan Knutson about the DOJ's lawsuit against Live Nation and Ticketmaster, and why the government says the business is an illegal monopoly which the company denies. Further Reading: - Justice Department to Sue Live Nation, Seek Breakup of Concert and Ticketing Giant  - Justice Department Sues to Break Up Live Nation-Ticketmaster  Further Listening: - The Taylor Swift Ticketmaster Debacle  Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Mixtape with Scott! We are getting closer to the hundredth episode! This is our 91st interview if I include Adam Smith (played by ChatGPT-4), which I absolutely will be counting. And the guest is someone I have admired for a long time — Martin Gaynor, or “Marty”. Marty is the J. Barone University Professor of Economics and Public Policy at Carnegie Mellon both in the economics department and their policy school, Heinz College. But he is also special adviser to Jonathan Kanter, assistant attorney general for the Antitrust Division at the federal Department of Justice, and it is not the first time that Marty has served in government as a public servant. He is also a former Director of the Bureau of Economics at the U.S. Federal Trade Commission. You can read some about his new position in the Department of Justice here. Marty works on the supply side of health, you might say, as opposed to the demand side. He studies markets and concentration, hospitals, firm competition, pricing — not just our health behaviors, but also the supply of healthcare through a mixture of market and non-market processes. If you go through his vita, you can see he's racked up a lot of awards and publications over the years. There are many things you can say about Marty, and after this interview, two came to mind — resilient and kind. It was actually almost not the case that he would become as successful as an economist as he became, as he will share in this interview. He struggled initially to get a tenure track job, and even left academia briefly as a result. He is remarkably upbeat and realistic about the good fortune that he has had, though. And as you will see in this interview, it is very clear that he is a genuinely kind and warm hearted person.Marty also is a survivor in a more literal sense. He was nearly murdered in the antisemitic terrorist attack at the Tree of Life synagogue in Pittsburgh. That is his story to tell in this interview, not mine, but I will leave it at that. All of our stories matter. No matter who is listening or reading this, their personal story matters, and I hope that this interview is interesting and that you enjoy getting to know Marty a bit better. Thank you for all your support!Scott's Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Substack at causalinf.substack.com/subscribe

To put it bluntly, private equity is laundering their greed through the good will of healthcare. Brendan Ballou, a federal prosecutor who served as Special Counsel for Private Equity in the Justice Department's Antitrust Division and author of "Plunder: Private Equity's Plan to Pillage America", joins us to talk about how PE has taken over healthcare, and what we can do about it.   Have a story to share?  Tell the FTC. The Federal Trade Commission, the Department of Justice and the Department of Health and Human Services launced a cross-government inquiry on the impact of corporate greed in health care. They want to hear from you. Share you story here: FTC.gov

After nearly two years of combined efforts from the Federal Trade Commission and the Antitrust Division of the Department of Justice, the agencies jointly issued much-anticipated merger guidelines identifying the procedures and enforcement practices they will apply for evaluating potential mergers. What might these changes mean for hospitals, health systems, and other stakeholders in the health care industry? On this episode, we discuss some of the key changes in the finalized antitrust merger guidelines and what these guidelines mean for the agencies' approach to enforcement. Visit our site for more information and related resources: https://www.ebglaw.com/dhc75 Subscribe for email notifications: https://www.ebglaw.com/subscribe. Visit: http://diagnosinghealthcare.com. This podcast is presented by Epstein Becker & Green, P.C. All rights are reserved. This audio recording includes information about legal issues and legal developments. Such materials are for informational purposes only and may not reflect the most current legal developments. These informational materials are not intended, and should not be taken, as legal advice on any particular set of facts or circumstances, and these materials are not a substitute for the advice of competent counsel. The content reflects the personal views and opinions of the participants. No attorney-client relationship has been created by this audio recording. This audio recording may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules. The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements or self-proclaimed expertise. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.

The Federal Trade Commission and Department of Justice's Antitrust Division have put labor issues at the center of antitrust enforcement and policy making. The agencies are closely examining companies' hiring, recruitment, non-compete, and employee classification and compensation policies. They have recently amended the merger review process to require parties to provide granular information about their labor force to screen for potential impact on labor markets, and have signaled they may challenge a proposed merger if it impacts workers but not consumers. The FTC has also recently entered agreements to share investigative files, personnel, and other intelligence with both the National Labor Relations Board and the Department of Labor, and may soon issue its first unfair competition rule that may ban non-compete provisions in employment contracts nationwide. This panel examined these developments and discussed how big of a role antitrust should play in labor matters.

“If you said…What do you think is the indispensable value of leadership? I would say it is to be selfless…to sacrifice for the good of others. To be willing to give without expecting something in return. Because the beauty is in the giving.” Michael K. Powell is the former chairman of the Federal Communications Commission (FCC). He was appointed by President Bill Clinton in 1997 and appointed Chairman by President George W. Bush in 2001, serving until 2005. During his time as FCC chair, Chairman Powell oversaw the rapid transformation of communications markets into the Digital Age. During his tenure, the Internet came into widespread commercial use, as did smart phones, Wi-Fi networks and satellite radio. In his current role as President & CEO of NCTA – The Internet & Television Association, Mr. Powell leads one of the largest trade associations in Washington, D.C., representing the communications and content industries. Prior public service includes Chief of Staff of the Antitrust Division of the Department of Justice, Policy Advisor to the Secretary of Defense and service as an armored cavalry officer in U.S. Army. In the private sector he practiced law and was a senior advisor in a private equity firm. Chairman Powell also served on the public boards of Cisco and AOL. Chairman Powell serves on several nonprofit boards. He is the Chairman of the Mayo Clinic Board of Trustees, Vice Chairman of America's Promise Alliance and serves on the William & Mary Foundation Board. Powell received his bachelor's degree in government from William & Mary and his JD from Georgetown University Law Center. He holds honorary doctorate degrees from William & Mary, Pepperdine University and Mayo Clinic Alex School of Medicine and Marymount University. R.O.G. Takeaway Tips: Be a steward. Leave everything better than you found it. Be human centered. Take care of the souldiers. Add a layer of intimacy. Consider methods of caring: Hand written note, drop off a gift, send a text. Give without strings attached. Share knowledge and experience. Who am I? Who do I want to be?  What is a good life? Are you on a path to have one? - Aristotle Everyone you see is suffering. You can go and help - Buddha Perpetual Optimism - 13th Rule  Resources: NCTA | https://www.ncta.com/people/michael-powell FCC | https://www.fcc.gov/biography-michael-k-powell Michael's eulogy for his Father, Secretary Colin L. Powell  Colin Powell's 13 Rules of Leadership The Road to Character by David Brooks Where to find R.O.G. Podcast: R.O.G on YouTube R.O.G on Apple Podcasts R.O.G on Spotify How diverse is your network?  N.D.I. Network Diversity Index What is your Generosity Style?  Generosity Quiz Credits: Michael Powell, Sheep Jam Productions, Host Shannon Cassidy, Bridge Between, Inc. Coming Next: Please join us next week, Episode 168, with Shannon Cassidy for a Generous Leadership Coaching Tip.

Today, I'm talking with Jonathan Kanter, the Assistant Attorney General in charge of the Antitrust Division at the Department of Justice. Alongside FTC chair Lina Khan, Jonathan is one of the most prominent figures in the big shift happening in competition and antitrust in the United States. This is a fun episode: we taped this conversation live on stage at the Digital Content Next conference in Charleston, South Carolina a few days ago, so you'll hear the audience, which was a group of fancy media company executives.  You'll also hear me joke about Google a few times; fancy media execs are very interested in the cases the DOJ has brought against Google for monopolizing search and advertising tech — and Jonathan was very good at not commenting about pending litigation. But he did have a lot to say about the state of tech regulation, he and Khan's track record so far, and why he thinks the concepts they're pushing forward are more accessible than they've ever been. Links:  The top Biden lawyer with his sights on Apple and Google — Politico Judge blocks a merger of Penguin Random House and Simon & Schuster — NYT FTC's Khan and DOJ's Kanter beat back deals at fastest clip in decades — Bloomberg Google will face another antitrust trial September 9th, this time over ad tech — The Verge In the Google antitrust trial, defaults are everything and nobody likes Bing — The Verge Google Search, Chrome, and Android are all changing thanks to EU antitrust law — The Verge Aggregation Theory — Stratechery Adobe explains why it abandoned the Figma deal — The Verge How the EU's DMA is changing Big Tech — The Verge Epic Games CEO calls out Apple's DMA rules as ‘malicious compliance' — TechCrunch Transcript: https://www.theverge.com/e/23831914 Credits:  Decoder is a production of The Verge and part of the Vox Media Podcast Network. Today's episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Darshan discussed crucial updates to the Department of Justice's (DOJ) corporate enforcement policies, particularly impacting FDA-regulated industries like pharmaceuticals and medical devices. The DOJ's focus on mergers and acquisitions (M&A) emphasizes the importance of compliance professionals throughout the entire process.Key Highlights:1. Corporate Enforcement Policies Update: The DOJ has introduced significant changes to its corporate enforcement policies, impacting companies engaged in M&A transactions. Compliance professionals are now essential stakeholders at the due diligence table.2. Antitrust Division's Impact on Pharma: Recent cases involving pharmaceutical companies Teva and Glenmark showcased the DOJ's shift in approach. Divestiture of a core product was required, marking the first instance of such a demand in a corporate criminal resolution.3. Compliance Program and Compensation: The new pilot program mandates companies to incorporate compliance-promoting criteria into their compensation systems. The DOJ urges companies to address this now, emphasizing the need for proactive compliance policies.4. Voluntary Self-Disclosure Policy: The DOJ announced a voluntary self-disclosure policy, creating a safe harbor for companies that promptly report wrongdoing. The policy encourages self-reporting, offering a presumption of declination for qualifying companies.5. Qualification for Safe Harbor: Companies must disclose misconduct within six months of acquisition, with one year to fully remediate. These deadlines may be extended based on case specifics. The Safe Harbor applies only to criminal conduct in bona fide M&A transactions.6. DOJ Principles: The DOJ aims to hold wrongdoers accountable, incentivize compliance, and deter repeat offenses. The new policy offers a presumption of declination for companies self-disclosing, cooperating, and remediating.7. Impact on Pharma and Device Companies: FDA-regulated industries, particularly pharmaceutical and device manufacturers, may benefit from the clear safe harbor. Voluntary self-disclosure, under the new policy, could become more common in the life sciences sector.8. Considerations and Conclusion: Companies must carefully evaluate when self-disclosure is appropriate, with minor regulatory violations potentially better handled directly with the FDA. Compliance teams play a vital role, and ongoing developments at the intersection of compliance and FDA regulation will be closely monitored.

In recent years, government agencies around the world have been forced to consider the role of competition law and policy in addressing various crises, including the COVID-19 pandemic and the 2008 financial collapse. There is no easy formula that a competition agency can apply to determine the appropriate response to a crisis; indeed, there is substantial debate about the issue. One common criticism of competition law and policy is that usually it is too inflexible to deal with a crisis, prohibiting an adequate response to economic and industrial shocks.  Bruce Wardhaugh's Competition Law in Crisis: The Antitrust Response to Economic Shocks (Cambridge UP, 2022) challenges this notion by examining competition responses to crises past and present. With an analysis that spans the response of UK and EU competition authorities to the economic and commercial fallout of the 2008 financial crisis, the COVID-19 pandemic, and potential responses to the climate crisis, Professor Wardhaugh argues that relaxing competition law is precisely the wrong response. The rigidity of competition rules in the UK and EU has both normative and positive implications for not just the methodology used in competition analysis, but also the role of competition law within the legal order of both jurisdictions. Mark Niefer is a lawyer and economist who has served the Antitrust Division of the U.S. Department of Justice in a variety of key roles over the last 25+ years. He presently is an International Advisor at the Antitrust Division, focused on digital market issues; he also is an Adjunct Professor of Law at Antonin Scalia Law School - George Mason University, where he teaches an advanced antitrust seminar on mergers. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In recent years, government agencies around the world have been forced to consider the role of competition law and policy in addressing various crises, including the COVID-19 pandemic and the 2008 financial collapse. There is no easy formula that a competition agency can apply to determine the appropriate response to a crisis; indeed, there is substantial debate about the issue. One common criticism of competition law and policy is that usually it is too inflexible to deal with a crisis, prohibiting an adequate response to economic and industrial shocks.  Bruce Wardhaugh's Competition Law in Crisis: The Antitrust Response to Economic Shocks (Cambridge UP, 2022) challenges this notion by examining competition responses to crises past and present. With an analysis that spans the response of UK and EU competition authorities to the economic and commercial fallout of the 2008 financial crisis, the COVID-19 pandemic, and potential responses to the climate crisis, Professor Wardhaugh argues that relaxing competition law is precisely the wrong response. The rigidity of competition rules in the UK and EU has both normative and positive implications for not just the methodology used in competition analysis, but also the role of competition law within the legal order of both jurisdictions. Mark Niefer is a lawyer and economist who has served the Antitrust Division of the U.S. Department of Justice in a variety of key roles over the last 25+ years. He presently is an International Advisor at the Antitrust Division, focused on digital market issues; he also is an Adjunct Professor of Law at Antonin Scalia Law School - George Mason University, where he teaches an advanced antitrust seminar on mergers. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Although a creature of statute, American antitrust law functions in practice as a field of common law. Courts have had the preeminent role in shaping the contours of its application, imposing the “rule of reason” and defining concepts like competition and the use of economic evidence. While antitrust precedents are closely examined by practitioners and academics alike, less attention is paid to whether the developments in antitrust law over the last century are consistent with the text of the antitrust laws. This panel will discuss the meaning of the antitrust texts, how or whether current law is consistent with the plain meaning of the statutes, and what that means for antitrust policy going forward.Featuring:Prof. Daniel A. Crane, Richard W. Pogue Professor of Law, University of Michigan Law SchoolMr. Ashley Keller, Partner, Keller PostmanMs. Doha Mekki, Principal Deputy Assistant Attorney General, Antitrust Division, United States Department of JusticeMr. Bilal Sayyed, Senior Competition Counsel, TechFreedomModerator: Hon. Stephanos Bibas, United States Court of Appeals, Third CircuitOverflow: Cabinet & Senate Rooms

Some have expressed concerns over a lack of competition in the U.S. rail freight and passenger services markets. How the U.S. freight rail system works and is competition an issue in the sector? Dr. Russell Pittman, the Director of Economic Research in the Antitrust Division of the U.S. Department of Justice, examines the state of competition in the freight rail sector with Barry Nigro and Anora Wang. We'll take a deep dive into the participants of the market, the competition concerns, the recent challenges, and high-level observations. Join us to learn more! With special guest: Dr. Russell Pittman, Director of Economic Research, Antitrust Division of the U.S. Department of Justice Related Links: Press Release, STB Issues Proposed Rule Regarding Reciprocal Switching for Inadequate Service (Sept. 7, 2023) Press Release, Surface Transportation Board Adopts New Rules for Smaller Rate Disputes (Dec. 19, 2022) Press Release, STB Approves CP/KCS Merger with Conditions and Extended Oversight Period (Mar. 15, 2023) Hosted by: Barry Nigro, Fried, Frank, Harris, Shriver & Jacobson LLP and Anora Wang, Arnold & Porter Kaye Scholer LLP

Nowadays, if someone wants to make a lot of money in finance, they don't go and work for investment banks. The real money to be made is at private equity firms. With most of these firms controlling a huge percentage of the country's overall GDP and doing so largely unchecked, is it time to take a hard look at the systems that protect and allow these actors to flourish?? Brendan Ballou is special counsel for the U.S. Department of Justice's Antitrust Division. His book, Plunder: Private Equity's Plan to Pillage America, takes a hard look at the way private equity firms operate and the laws they exploit.  He and Greg discuss what sets private equity firms apart from other financial institutions in America, the ways private equity firms avoid liability when things go wrong, and what reforms are needed to the systems that essentially allowed private equity to become the beast that it is today. *unSILOed Podcast is produced by University FM.*Episode Quotes:Private equity as an institution is unique05:31: Private equity as an institution is unique for three reasons. One is that private equity owners tend to invest for just a few years, so you're talking about a three, five, or seven-year time horizon. Two is that private equity firms tend to load up the companies they buy with a lot of debt and extract a lot of fees. And the magic trick, as you probably know, a lot of these private equity deals is when they load these companies up with debt; for the acquisition, it's the company that holds the debt, not the private equity firm. So if things go badly, it's the company that's on the hook. It's not the private equity owners and investors. And then the third thing, and this is what really interests me as a lawyer, is private equity firms are enormously successful at insulating themselves legally from the consequences of their portfolio company's actions. So, if something goes wrong at a portfolio company, someone is hurt, or an employee is taken advantage of, whatever it happens to be, it's very hard to hold a private equity firm responsible.Is private equity an extreme version of capitalism?03:44:  Private equity is an extreme version of capitalism, for better or for worse...It's not an extreme form of capitalism. It's a deviation or a perversion of capitalism by the specific laws and regulations that we have that incentivize short-term term investing, reliance on debt, and insolation from liability. We've created these legal structures that allow certain people to capture all the upside of our economy if things go well, but walk away if they don't.Short-term gain versus long-term success12:17: The time frame that you've got for an investment changes your perspective on what you're going to do with it, whether you're going to jack up prices for the short term, even if it means that you're going to lose customers for the long term, underinvest in your employees and your innovation, even if it means that you might be scooped by the competition in a few years, and so forth.How are private equity firms compensated?31:00: Private equity firms are compensated on a 2-in-20 model: 2% of the profits above a certain threshold, 20% of the profits above a certain threshold, and 2% of the assets under management every year. The carried interest loophole says that both of those should be treated as capital gains rather than ordinary income, and capital gains are taxed at a lower rate than ordinary income. That's pretty much all the money that a private equity executive typically makes. So, leaders of private equity firms have historically paid a lower tax rate than the firefighters and teachers that they nominally serve.Show Links:Recommended Resources:Other People's Money And How The Bankers Use It by Louis BrandeisThe Modern Corporation and Private PropertyPeter Whoriskey's story on the Carlyle Group for The Washington PostWorth RisesSIFIsGuest Profile:Brendan Ballou on LinkedInBrendan Ballou on X His Work:Plunder: Private Equity's Plan to Pillage America

Earlier this summer, the Justice Department and Federal Trade Commission (FTC) released a draft update of their Merger Guidelines, “which describe and guide the agencies' review of mergers and acquisitions to determine compliance with federal antitrust laws.” Maggie Goodlander from the Justice Department joins the podcast to discuss why mergers can weaken competition and harm consumers and workers, and how these proposed guidelines can help bring competition back by making it harder for big corporations to swallow each other up. Maggie Goodlander is the Deputy Assistant Attorney General at the U.S. Department of Justice where she oversees the international, appellate, and policy work of the Antitrust Division. Twitter: @TheJusticeDept Justice Department And FTC Seek Comment on Draft Merger Guidelines https://www.justice.gov/opa/pr/justice-department-and-ftc-seek-comment-draft-merger-guidelines  Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer

Google spends more than $10 billion per year to maintain its monopoly control over internet search, a U.S. government lawyer alleged in a Washington, D.C. courtroom on Tuesday. In what is being called the most important antitrust trial in nearly 25 years, the U.S. Department of Justice is accusing Google of harming consumers and stifling competition by cutting deals with smartphone makers to be their default search engine. Google, which controls about 90 percent of the U.S. search engine market, said in court on Tuesday that dissatisfied users can simply switch web browsers “with a few easy clicks.” We'll preview the rest of the trial and examine what is at stake for tech companies and consumers. Guests: Sheelah Kolhatkar, staff writer, The New Yorker - where she writes about Wall Street, Silicon Valley, economics, and politics Bill Baer, visiting fellow governance studies, Brookings Institution; former director, the Bureau of Competition, Federal Trade Commission; former assistant attorney general, the Antitrust Division, U.S. Department of Justice

As companies become increasingly big through mergers and acquisitions -- especially in technology, health care, and several other industries -- how should rules and regulations change with the times?Freshly minted and hot off the press: The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) recently released an updated set of draft "Merger Guidelines," which could reshape the landscape of corporate mergers and acquisitions both in the U.S. and globally. Esteemed Stanford professor and Chief Economist at the DOJ's Antitrust Division, Susan Athey, joins Bethany and Luigi to discuss these changes. Why did the DOJ and FTC make them? How will they impact the way companies approach mergers and acquisitions? And what do they mean for consumers, competition, labor, and the broader economy?Show Notes:Visit our ongoing online symposium on the Merger Guidelines, with a wide range of perspectives and debates from leading experts on the topicHear more from Susan Athey at our 2023 Antitrust and Competition Conference

Kara and Nayeema are back with a fresh episode, and this time they're tackling the DOJ's antitrust efforts. Our guests are Jonathan Kanter, Assistant Attorney General for the DOJ's Antitrust Division, and Principal Deputy AAG Doha Mekki. Alongside the FTC, this duo has helped craft new draft merger guidelines that put Amazon, Apple, Google, Meta and every other big company, from supermarket chains to airlines, on notice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A key plank of the Biden administration's "Bidenomics" involves stronger antitrust enforcement and we've seen the White House empower agencies like the Department of Justice to step up actions on monopolies and other behaviors that reduce competition. But what exactly counts as anti-competitive nowadays? And how does promoting competition sit alongside the administration's more proactive public investment and industrial policies? In this episode, we speak with Jonathan Kanter, assistant attorney general for the Antitrust Division at the DOJ, about how he's thinking about these issues. We also talk competition in banking after a wave of consolidation in the space, as well as new challenges posed by Big Tech and artificial intelligence.See omnystudio.com/listener for privacy information.

Over the last decade, private equity firms wiped out nearly 600,000 jobs in the retail sector by taking over and bankrupting major retailers like Toys R Us and Payless Shoes. But in that same time, private equity also destroyed companies in healthcare, housing, medicine, and many other industries that affect our everyday lives. Today's guest, federal prosecutor Brendan Ballou, explains how we can stop private equity's plan to pillage America. Brendan Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department's Antitrust Division. Previously, he worked in private practice, and before that, in the National Security Division of the Justice Department, where he advised the White House on counterterrorism and other policies. Twitter: @brendanballou Plunder: Private Equity's Plan to Pillage America https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103 Private Equity is Out of Control and Looting America. This Prosecutor Says We Can Fix It. https://www.ineteconomics.org/perspectives/blog/private-equity-is-out-of-control-and-looting-america-this-prosecutor-says-we-can-fix-it Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer

Host Reed Galen is joined by Brendan Ballou, a Federal Prosecutor who served as Special Counsel for Private Equity in the Justice Department's Antitrust Division. They discuss the inner-workings of how private equity works, how it's reshaped American business (by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy), and how private equity is allowed to operate with the active support of various arms of the government. If you'd like more from Brendan Ballou, be sure to pick up his new book, Plunder: Private Equity's Plan to Pillage America. If you'd like to ask a question or share a comment with The Lincoln Project, send an email to podcast@lincolnproject.us. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's an EmMajority Report Thursday! She hosts Brendan Ballou, federal prosecutor and former Special Counsel for Private Equity in the Justice Department's Antitrust Division, to discuss his recent book Plunder: Private Equity's Plan To Pillage America. Then, she talks to freelance journalist Kim Kelly to discuss her recent piece in In These Times entitled "The Young Miners Dying Of An 'Old Man's Disease.'" First, Emma runs through updates on Ron's DeBacle on Twitter Spaces as Trump's lead grows, dwindling faith in Dianne Feinstein, the GOP's repeal of Student Debt relief, January 6th sentencing, Medicaid coverage, and reports on Ken Paxton and from Ken Klippenstein, before diving into the incredible disaster that was Ron DeSantis' presidential announcement on Twitter Spaces yesterday, from the unsurprising technical difficulties of Elon's Twitter to DeSantis' somehow overemphasizing his lack of charisma. Brendan Ballou then parses through what the hell private equity is, including their reliance on mass quantities of borrowed money, the quick turnover of the companies they purchase, and the ubiquitous presence of private equity across myriad industries, including those most central to our every day life (healthcare, infrastructure, communication). Next, Ballou walks through a few case studies of the decay wrought by private equity, looking at the Carlyle Group's acquisition of ManorCare nursing homes and Sun Capital's acquisition of Friendly's, to demonstrate how private equity simultaneously cripples the capacities of the companies they purchase and shirk any accountability for the issues that come (whether that be the well-being of workers and patients or defaults and financial mismanagement). Wrapping up, they tackle the particular exploitation of pension funds by private equity groups, discuss private equity in relation to other labor issues in the US, and explore what can be done to push back. Kim Kelly then dives right into the rampant reemergence of Black lung amongst coal miners in central Appalachia, tackling why the disease disappeared after the 1977 mine safety act, and why the continuation of environmental and labor exploitation in the region has slowly exposed West Virginia and Kentucky miners to mass amounts of silica. After looking at the federal push for greater regulation, Kelly and Emma tackle the impact of union-busting in pushing these issues onto central Appalachia and wrap up by tackling what is being done to fight back. And in the Fun Half: Emma is joined by Brandon Sutton and Matt Binder as they parse through the absurdly predictable failure that was Ron DeSantis' campaign launch, and the incredible fodder it provided for Trump and his social media team. They also watch Jimmy Dore go all-in on the crypto-hawking game (just a few years late), Jason from Columbus has the Crew tackle a few important topics, and Emmit from Cleveland dives into the Supreme Court's attack on environmental regulation. They also cover Nikki Haley's floundering presidential campaign, and the hilarity coming out of the Texas statehouse, plus, your calls and IMs! Check out Brendan's book here: https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103/?lens=publicaffairs Check out Kim's piece here: https://inthesetimes.com/article/coal-miners-black-lung-young-dying-old-mans-disease-kim-kelly Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/

Private equity firms rank among the largest employers in the United States and invest many billions of dollars in a wide variety of industries. Yet the public understanding of how private equity works and its impact on myriad areas of American life, including national security, remains limited.Brendan Ballou is trying to change that. A federal prosecutor who works in the Antitrust Division of the Department of Justice, he has written a new book, Plunder: Private Equity's Plan To Pillage America. David Priess spoke at length with him about his previous work in the Justice Department's National Security Division, his current role working antitrust issues, the origins of his interest in private equity, the business model of private equity, its effect on industries from mortgages to nursing homes, private equity's link to the SolarWinds hack, foreign involvement in private equity, the impact of private equity on U.S. competitiveness, and more.Among the works mentioned in this episode:The book Other People's Money and How the Bankers Use It by Louis BrandeisThe book Plunder: Private Equity's Plan To Pillage America by Brendan BallouThe movie This Is Spinal TapThe book Why the Innocent Plead Guilty and the Guilty Go Free by Jed RakoffThe movie AlienChatter is a production of Lawfare and Goat Rodeo. This episode was produced and edited by Cara Shillenn of Goat Rodeo. Podcast theme by David Priess, featuring music created using Groovepad.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.

Author Brendan Ballou joins me to discuss his superb new book, Plunder: Private Equity's Plan to Pillage America in the latest episode of The Grant Williams Podcast. After graduating Columbia and Stanford Law, Brendan served as a Federal prosecutor and Special Counsel for Private Equity in the Justice Department's Antitrust Division, where his mandate was to investigate private equity's influence on financial markets. What he found shocked Brendan and moved him to write a book chronicling the outsize effect private equity has had in so much of American life over the last several decades. From nursing homes to prison phone companies, Brendan details how private equity has reshaped American business by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy. Forced to take on huge debts and pay extractive fees, companies purchased by private equity firms are often left bankrupt, or shells of their former selves, with consequences to communities that long depended on them. Every episode of the Grant Williams podcast, including This Week In Doom, The End Game, The Super Terrific Happy Hour, The Narrative Game and Shifts Happen, is available to Copper, Silver and Gold Tier subscribers at my website www.Grant-Williams.com. Copper Tier subscribers get access to all podcasts, while members of the Silver Tier get both the podcasts and my monthly newsletter, Things That Make You Go Hmmm… Gold Tier subscribers have access to my new series of in-depth video conversations, About Time.

The Fed eases up on the brakes, Elon Musk looks for new ways to monetize Twitter, and Snap has another rough quarter. Also: Meta may have prevailed in a fight with the FTC. Today's Friend of Pivot is Jonathan Kanter, Assistant Attorney General for the Antitrust Division at the DOJ. He stops by to discuss Google, antitrust, and his agency's fight against monopolies. Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices