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Your Weekly Digest | Issue 221

Valur Thrainsson
4 min read

Good morning,

Here below, you find the most recent and relevant competition and anti-trust news, blogs and journal publications over the last week.

Enjoy :)

What Happens When a Publisher Becomes a Megapublisher? - The New York Times

The merger of Penguin Random House and Simon & Schuster has the potential to touch every part of the industry, including how much authors get paid and how bookstores are run.

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UK’s competition watchdog needs some competition | Financial Times
Why is there only one competition regulator? What once was a joke has become a pressing question for government. Andrew Tyrie is scathing about the watchdog he used to run, accusing the Competition and Markets Authority of disregarding consumer protection while throwing its resources at mergers and antitrust. Most of his criticisms stem from the Competition Commission’s merger with the Office of Fair Trading in 2014 — a union designed largely to reduce the opportunity for legal challenges that had become an embarrassment. 
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Facebook and Google 'too powerful' says watchdog boss | BBC News
The boss of the UK's competition watchdog says tech giants have too much share of the online ad market.
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The Competition Appeal Tribunal has today upheld the CMA’s finding that Lexon broke competition law, dismissing Lexon’s appeal. Read more.
Pilgrim’s Pride Corporation (Pilgrim’s), a major broiler chicken producer based in Greeley, Colorado, has pleaded guilty and has been sentenced to pay approximately $107 million in criminal fines for its participation in a conspiracy to fix prices and rig bids for broiler chicken products, the Department of Justice announced today. Read more.
Total ACCC contacts from small businesses increased to more than 3,400 in the second half of 2020, and enquiries about those businesses’ legal rights and obligations jumped 30 per cent. The ACCC’s latest Small Business in Focus report, released today, highlights the ACCC’s work from July to December 2020 in the small business, franchising and agriculture sectors. Read more.
The slew of recent antitrust cases in the digital, tech, and pharmaceutical industries has brought significant attention to the investments many firms in these industries make in “intangibles,” such as software and research and development (R&D). Intangibles are recognized to have an important effect on a company’s (and the economy’s) performance. For example, Jonathan Haskel […] Read more.
Ban All Big Mergers | The Atlantic
A simple law would stop the U.S. government from rubber-stamping corporate consolidation.
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How Biden can rein in the Big Meat monopoly | Vox
The meat industry is bad for farmers, workers, consumers, animals, and the environment. It should be the next target in Democrats’ antitrust push.
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Daniel P. Gross & Bhaven N. Sampat
Since the beginning of the COVID-19 pandemic, policymakers, researchers, and journalists have made comparisons to World War II. In 1940, a group of top U.S. science administrators organized a major coordinated research effort to support the Allied war effort, including significant investments in medical research which yielded innovations like mass-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Read more.
Louis Kaplow
Economic analysis of competition regulation is most developed in the domain of horizontal mergers, and modern agency guidelines reflect a substantial consensus on the appropriate template for merger assessment. Read more.
Pablo Ibáñez Colomo
This case note presents the ruling of the Court of Justice in Generics (Paroxetine) and considers its implications for Articles 101 and 102 TFEU. Read more.
Anne Witt
In a high-profile decision of 6 February 2019, the German Federal Cartel Office prohibited Facebook’s data collection policy as an abuse of dominance for... Read more.
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Kind regards, Valur Þráinsson, Founder of CompetitionFeed.com. Email: valur@competitionfeed.com
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