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The Trump administration's antitrust policy, led by Gail Slater and Andrew Ferguson, shows continuity with Biden's approach while adopting a more targeted enforcement strategy. They emphasize protecting workers from harmful practices like noncompete clauses and maintaining consumer welfare, focusing on evidence of anticompetitive conduct rather than market share alone. This shift aims to ensure that successful companies are not penalized without clear justification.
Google's acquisition of Israeli cybersecurity firm Wiz was finalized for $32 billion, significantly higher than its initial $23 billion offer, following a shift in the U.S. administration that eased antitrust concerns. The deal included a rare breakup fee exceeding $3.2 billion, reflecting Wiz's impressive revenue growth. Key executives from both companies played crucial roles in navigating the negotiations amid regulatory scrutiny.
President-elect Donald Trump is building a crypto-friendly administration with key appointments, including Republican French Hill as chair of the House Financial Services Committee and Brian Quintenz as a leading candidate for CFTC chair. Hill, a moderate from Arkansas, will advance crypto-friendly legislation, while Quintenz, a former CFTC commissioner, aims to bridge digital assets and traditional finance. These moves signal a significant shift in the administration's approach to the digital economy, with other pro-crypto nominees also announced.
Elon Musk's initiative to reduce the federal workforce, part of Donald Trump's "department of government efficiency," could disrupt the labor market, as economists warn that cutting jobs from the 3 million civilian employees may hinder job creation. Musk and co-head Vivek Ramaswamy aim for $500 billion in savings through mass layoffs, raising concerns about the impact on job seekers and potential increases in contractor costs. Meanwhile, Trump has nominated Paul Atkins to lead the SEC, signaling a crackdown on Big Tech, as he reshapes his administration with loyalists and financial experts.
Donald Trump has nominated Paul Atkins, a crypto enthusiast and former SEC commissioner, to chair the US Securities and Exchange Commission, indicating a shift towards a more lenient regulatory approach. Trump emphasized Atkins' commitment to common sense regulations and the importance of digital assets for America's growth.In a related move, Trump appointed Gail Slater to lead the Department of Justice’s antitrust division, aiming to combat Big Tech's dominance and promote competition. He expressed pride in addressing these issues during his first term and expects Slater to continue that effort.
Donald Trump is considering appointing Gail Slater, a key aide to vice-president-elect JD Vance, to lead the Department of Justice’s antitrust unit, signaling a tough enforcement approach against Big Tech. This move aligns with a growing populist sentiment among Republicans advocating for aggressive antitrust actions, similar to those of the Biden administration. Other contenders for leadership roles at the FTC include Melissa Holyoak and Mark Meador, with varying views on antitrust policy.
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trump administration adopts targeted antitrust approach while maintaining some continuity
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10:30 31.03.2025
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00:08 28.11.2024
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