monopoly

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There's a Cheaper 'EpiPen,' but There's a Catch

Most people aren't trained on more-affordable Adrenaclick, which could lead to injuries

(Newser) - Not since Martin Shkreli has there been such outrage over the spiking costs of a life-saving device or drug. Mylan, the maker of the EpiPen, has bumped up costs by almost 500% over the past few years, and because the drugmaker enjoys a near-monopoly on the epinephrine-delivering device—the AP... More »

Ohio Pot Vote Could Make Nick Lachey Very Rich

But critics of legalization amendment say it would create a growers' monopoly

(Newser) - Ohio pot advocate Don Wirtshafter has been an enthusiastic smoker for nearly 50 years. But as his state heads to the polls Tuesday to vote on Issue 3, a constitutional amendment to legalize marijuana for both medical and recreational use, he says he won't vote for it, the New ... More »

The Internet's Workforce Is Faceless

We've forgotten that huge deals have a human toll: George Packer

(Newser) - Early 20th-century America had its factory workers; later decades had store employees. But today's Internet economy hides the faces of its workers, writes George Packer in the New Yorker . "Amazon’s workforce is made up mainly of computer engineers and warehouse workers, but when you think of Amazon... More »

On What Planet Is the Comcast Merger OK?

Paul Krugman thinks we've gotten too complacent about monopolies

(Newser) - Paul Krugman has just two questions about Comcast's deal to buy Time Warner . "First, why would we even think about letting it go through?" he asks in the New York Times . "Second, when and why did we stop worrying about monopoly power?" The broadband industry is already... More »

Justice Dept. Sues to Block AT&T's Bid to Buy T-Mobile

Says combining No. 2 and No. 4 carrier would raise prices

(Newser) - AT&T tried to sugarcoat its $39 billion deal to buy T-Mobile USA by announcing this morning that it would, as a result of the merger, return 5,000 call-center jobs to US shores. But it still wasn't sweet enough for the Justice Department, which has filed suit to... More »

Dear Feds: Don't You Dare Let AT&T Buy T-Mobile

Say goodbye to competition, hello to gouging

(Newser) - AT&T's bid to buy T-Mobile is brilliant, writes Brett Arends for MarketWatch —for AT&T. For everyone else, it's "disastrous," if not downright anticompetitive. "It will let AT&T shut down a competitor, jack up prices, and save on customer service," he writes in... More »

Egyptian Rage Falls Hard on Mubarak Crony

Steel oligarch, became symbol of cronyism

(Newser) - The violence and popular wrath rumbling through Egypt are falling hard against Ahmed Ezz, a steel oligarch with a near-monopoly and a close friendship with Hosni Mubarak's son. Ezz's Cairo digs was torched three times, and popular resentment against Mubarak cronies is reaching critical mass—now Ezz finds his assets... More »

Apple May Face Anti-Trust Action

The Adobe-Apple application saga continues

(Newser) - Steve Jobs may regret dissing Flash . Anti-trust regulators are investigating whether Apple violated the law by ordering developers to use Apple-made tools to build applications for the iPhone and iPad . An anti-trust case would be an odd twist for Apple, the firm that once asked regulators to slay tech Goliaths... More »

With New OS, Google Looks More Like a Monopoly

(Newser) - Google’s latest project, a Web-based lightweight OS to rival Windows, sounds pretty cool at first. “But that’s why you should be worried,” writes David Lazarus of the Los Angeles Times. The search giant has simply become too powerful for comfort. “Google accounts for an ungodly... More »

EU Fines Intel Record $1.45B

Chip maker paid firms to use its chips, commission says

(Newser) - The EU is fining Intel $1.45 billion for violating antitrust laws—a record amount that far exceeds the €497 million ($680 million) fine levied against Microsoft in 2004, the BBC reports. The EU competition commission said Intel paid manufacturers and a retailer to give its chips a leg... More »

Obama Antitrust Chief Gets Tough on Big Biz

In reversal of Bush policy, the DOJ will aggressively enforce anti-monopoly laws

(Newser) - The Obama administration’s top antitrust official plans to aggressively pursue a tougher enforcement policy to keep large corporations from dominating smaller rivals, the New York Times reports. In speeches today and tomorrow, Justice Department antitrust chief Christine Varney will announce the reversal of lax Bush-era antitrust policies, and encourage... More »

Monopoly Cops May Find Google Too Popular to Bust

Google Has Good Product, But It's Also a Monopoly

(Newser) - The government is finally getting wise to the fact that Google holds a monopoly on Internet advertising, and has launched two antitrust investigations, Therese Poletti writes for MarketWatch. Google is “becoming almost a privatized version of the dreaded Big Brother from George Orwell's 1984,” Poletti writes, worse even... More »

Academics Fear Google's 'Orphan Books' Plan

Search king accused of rewriting copyright law to get access to out-of-print works

(Newser) - Google's plan to take millions of "orphan" books under its wing has critics crying foul, the New York Times reports. Google aims to make these out-of-print works—whose rights holders are unknown or cannot be found—part of its mammoth online bookstore and library, a plan some academics say... More »

UK Breaks Up London Airport Monopoly

Gov't watchdog forces Heathrow owner to sell 2 other facilities

(Newser) - Britain's competition authority has ordered the country's largest airport operator to sell two London airports, reports the Guardian, in the biggest shakeup of air travel in decades. BAA will retain Heathrow but must sell Gatwick and Stansted airports, along with a Scottish facility. The watchdog said that only a radical... More »

FTC Challenges Payments to Delay Generics

Deal to keep generic drug off the market is anti-competitive, regulators say

(Newser) - The Federal Trade Commission, pledging to oppose “pay-for-delay” agreements, filed suit against a brand-name testosterone-replacement drug manufacturer for paying three competitors to delay introductions of generic versions, the Washington Post reports. Nearly half of settlements between brand-name drug-makers and their generic counterparts in 2006 and 2007 resulted in such... More »

Yahoo, Google Rejigger Ad Partnership to Stick to Rules

Deal scaled back in effort to appease anti-trust regulators

(Newser) - Yahoo and Google have scaled back their ad partnership in a bid to satisfy regulators concerned that the deal will run afoul of anti-monopoly rules, insiders tell the Wall Street Journal. The new deal caps the amount of revenue Yahoo can earn from the deal at 25%, and slashes the... More »

FTC Opens Antitrust Investigation of Intel

Smaller rival AMD has long accused it of unfair practices

(Newser) - The FTC has opened a formal investigation of Intel over allegations of monopolistic business practices, the Wall Street Journal reports. The world's biggest semiconductor company, which denies any wrongdoing, received a subpoena this week. Intel also learned that it faces a $25.4 million antitrust fine from South Korea, even... More »

Boeing Doesn't Deserve Military Monopoly

Lawmakers are angry, but making aircraft giant compete is a good thing

(Newser) - There’s fury on Capitol Hill (and the campaign trail) over a $40 billion Air Force contract going to a European team, Mark Thompson notes in Time, but it’s entirely appropriate for the military to get the best technology it can. Indeed, anger over the snub to Boeing shows... More »

New York Latest to Investigate Intel Practices

Chip-maker's effort to squeeze competition is focus of probes

(Newser) - With proceedings already underway against Intel Corp. in Europe and Asia, New York's attorney general today began formally investigating whether the world's largest computer chip-maker has broken state and federal antitrust laws, Reuters reports. “Our investigation is focused on determining whether Intel has improperly used monopoly power to exclude... More »

Microsoft Faces New Suit on Competition

Small Norwegian company says industry giant stifles rivals

(Newser) - An independent Norwegian software company is taking on Microsoft in an antitrust complaint filed today with the European Commission. Opera charges the industry behemoth with monopolizing the market by packaging Windows with the Internet Explorer browser, Reuters reports. The moves comes three months after Microsoft had to pay a huge... More »

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