Antitrust Archive

Walmart agreed to voluntarily withdraw and refile its merger notification filing with the Department of Justice and Federal Trade Commission, resetting the clock for enforcers to decide whether to try to block the deal before it closes.

The proposed settlement, which stems from a years-long legal battle, will require Visa and Mastercard to lower swipe fees for merchants by 0.04 percentage points for three years, while capping these rates into 2030.

For a fast and clear explanation, deputy editor Alex Cranz spells out the antitrust lawsuit filed today in just under five minutes.

The statement from Apple spokesperson Fred Sainz in response to the antitrust lawsuit announced this morning:

Kanter said the lawsuit explains “the illegal and exclusionary conduct that Apple has engaged in is not necessary to protect security and privacy.” To the contrary, “in many instances, Apple’s conduct has made its ecosystem less private and less secure.”

“When you have an institution with a lot of resources, that in our view is harming the American economy and the American people, it’s important for us to allocate our resources to protect the American people,” Garland said. “And that is certainly the case where individual Americans have no ability to protect themselves.”