US Competition Enforcers Launch Overhaul of Merger Approval Process

The Justice Department and Federal Trade Commission has launched a joint effort to modernize antitrust enforcement, seeking comment on how the agencies can apply current law in cases against tech companies like Meta (parent company of Facebook) and Google. From a report: The announcement came at a joint press conference from FTC Chair Lina Khan and Justice Department Antitrust Chief Jonathan Kanter, who described the move as a wide-ranging enforcement modernization effort. While the announcement spans markets, it specifically questions how regulators should approach merger approval in digital markets, potentially setting new legal standards around data aggregation, interoperability, and market consolidation that can affect competition. "The digital revolution has not only impacted the markets of tech but markets across our economy, many of which have been rebuilt from the inside out," Kanter said during Tuesday's press conference. "Just think about what happens when you check your weather forecast or purchase your morning coffee. In seconds, whether you see them or not, you interact with dozens of distinct services; many of these services have the ability to exploit and exercise market power."

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