FTC and DOJ’s Final HSR Form Will Modernize and Streamline Decades-Old Merger Review Process
October 10, 2024 — In response to news that the Federal Trade Commission voted unanimously to finalize the FTC and Department of Justice’s updated HSR form – a key pre-merger filing document that has not been updated since 1978 – to modernize and streamline the merger review process, the American Economic Liberties Project released the following statement.
Fixing the Hurricane-Induced IV Fluid Shortage
October 9, 2024 — Following the widespread devastation resulting from Hurricane Helene, which temporarily closed Baxter International’s intravenous (IV) solution factory in Marion, North Carolina that makes 60% of the nation’s supply, and B. Braun’s IV solution factory in Daytona Beach, Florida — which makes another 23% and lies in the path of Hurricane Milton — the American Economic Liberties Project released the following statement.
OCC Chief Hsu Sides With Big Banks and Lobbyists Over Small Business, Consumers by Seeking to Block Illinois Interchange Fees Law
October 8, 2024 — Following news that Office of the Comptroller of the Currency (OCC) issued an amicus brief asking the a court to invalidate “The Illinois Interchange Fee Prohibition Act,” which seeks to ban credit and debit card issuers from charging interchange fees on taxes and tips, the Lower Credit Card Fees Coalition today released the following statement.
Governor Newsom Vetoes CA AB 3129 (Wood), Thwarting Years-long Effort to Protect Healthcare From Private Equity
October 2, 2024 — Following news that California Governor Gavin Newsom has vetoed AB 3129, a bill that would have given the California Attorney General’s Office greater ability to review and block private equity firms or hedge funds from purchasing healthcare facilities (so-called “roll-up”), and to prohibit private equity or hedge funds from interfering in the practice of medicine by medical professionals (“private equity practice of medicine”), the American Economic Liberties Project released the following statement.
DOJ Backs Healthcare Workers in Class-Action Lawsuit Against UPMC’s Abuses
October 1, 2024 — In response to news that the Department of Justice Antitrust Division has filed a statement of interest supporting healthcare workers in a class-action antitrust lawsuit against the University of Pittsburgh Medical Center (UPMC) — which alleges that UPMC weaponizes its monopsony power to suppress wages, illegally fight unionization, and trap employees with “do not hire” blacklists — the American Economic Liberties Project released the following statement.