DOJ Sues Visa for Weaponizing Dominance to Raise Costs On Everyday Americans and Small Businesses
September 24, 2024 — In response to news that the Department of Justice Antitrust Division has filed an antitrust suit against Visa for using its power to box out competitors and rival platforms from the debit payments market, imposing unfair price hikes on consumers and small businesses, the American Economic Liberties Project released the following statement.
FTC Cracks Down on Big Three PBMs for Rigging Insulin Prices Through Rebate Scheme
September 20, 2024 — In response to news that the Federal Trade Commission (FTC) has sued the “Big Three” pharmacy benefit managers (PBMs) and their affiliated group purchasing organizations (GPOs) for engaging in an allegedly illegal rebate scheme that inflated insulin list prices—boosting their own profits at the expense of vulnerable patients—the American Economic Liberties Project released the following statement.
Cigna’s Lawsuit Against the FTC Is Straight Out of the Monopolists Playbook
September 17, 2024 — In response to news that Cigna, owner of Express Scripts and one of the big three dominant pharmacy benefit managers (PBMs), has filed a defamation lawsuit against the Federal Trade Commission over its recent interim report from its 6(b) of the FTC Act investigation into the industry’s anticompetitive practices, the American Economic Liberties Project released the following statement.
FTC Blows Up Kroger-Albertsons’ Spin, Making Strong Case for Merger Pause
September 17, 2024 — Following closing arguments in the Federal Trade Commission’s court challenge to the $24 billion Kroger-Albertsons merger—the largest supermarket merger in history—the American Economic Liberties Project released the following statement summarizing the hearing’s key points.
DOJ Updates Bank Merger Enforcement to Reflect Modern Market Realities, Ending Era of Outdated Guidelines
September 17, 2024 — In response to a new announcement from the Department of Justice Antitrust Division withdrawing the 1995 Bank Merger Guidelines and making clear that the 2023 Merger Guidelines apply to the banking industry, the American Economic Liberties Project released the following statement.