Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Monday, September 30, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Lina Khan sees parallels in Harris’s record and FTC’s work

September 29, 2024
in Business
Reading Time: 2 mins read
A A
Lina Khan sees parallels in Harris’s record and FTC’s work
0
SHARES
ShareShareShareShareShare

Lina Khan sees parallels in Harris’s record and FTC’s work

Federal Trade Commission Chair Lina Khan’s aggressive antitrust stance during the Biden administration has made her a lightning rod in Corporate America and among top Democratic Party donors.

READ ALSO

NASA says it’s a long way from ‘writing off Boeing’

Russia economy faces moment of truth on lifeline from China

Now with the presidential campaign in its final weeks, the election’s outcome and the potential impact on the economy are top of mind.

In a wide-ranging interview with the New York Times that was published on Saturday, Khan looked back on her tenure and was asked about what could happen if Kamala Harris wins the election.

Regarding the race for the White House, Khan was pressed on whether she worries her work might get cut short, given doubts about whether she might stay on in the next administration.

“I can’t predict what’s going to happen in November, or after that,” she replied.

Then she was asked if she has gotten any indication that she would not be wanted in a Harris administration.

“No, I think to the contrary,” Khan said. “We’ve seen the vice president note how she has been a prosecutor taking on illegal practices by corporations that were harming homeowners, that were harming patients, and that’s the work the FTC does as well.”

The Harris campaign didn’t immediately respond to a request for comment.

Some billionaire donors to the Harris campaign have reportedly urged her to dump Khan and SEC Chair Gary Gensler if she wins in November.

For its part, another Trump administration may also look unfavorably on mega-mergers, especially in the tech sector. Donald Trump’s running mate, Sen. JD Vance, has voiced support for Khan in the past.

“I don’t agree with Lina Khan on every issue, to be clear, but I think that she’s been very smart about trying to go after some of these big tech companies that monopolize what we’re allowed to say in our own country,” he said on CBS last month.

While Khan technically reached the end of her three-year term on Wednesday, she can keep serving in the role until a replacement takes over.

Earlier in the Q&A with the Times, she took stock of her record and said the FTC has “racked up a lot of wins,” including a court victory in a vertical merger case and a ruling in a consumer-privacy case against a data broker.

She also expressed skepticism about the argument that a larger company’s acquisition of a smaller company can bring more efficiencies to the market by pairing sufficient financial resources with new innovations.

Such efficiencies often don’t materialize, Khan said, adding that even when they do, companies don’t pass them on to consumers if there isn’t enough competition in the market.

That begged the question of whether the post-pandemic inflation surge was fueled in part by industry consolidation and anticompetitive practices.

“If you’re not enforcing antitrust, you’re allowing decades of consolidation that can create inflationary spikes more readily, because your system as a whole is less resilient to that disruption,” Khan said. “Second, a more concentrated market, when you have fewer players, is more easily going to be able to coordinate to hike prices or to keep prices high.”

Credit: Source link

ShareTweetSendSharePin
Previous Post

The best deals to shop ahead of the October Big Deal Days sale

Next Post

Rob Gronkowski pranked by Fox NFL crew with fake segment

Related Posts

NASA says it’s a long way from ‘writing off Boeing’
Business

NASA says it’s a long way from ‘writing off Boeing’

September 30, 2024
Russia economy faces moment of truth on lifeline from China
Business

Russia economy faces moment of truth on lifeline from China

September 30, 2024
WW’s ousted CEO gets executive coaching services in exit package
Business

WW’s ousted CEO gets executive coaching services in exit package

September 29, 2024
Angry Amazon employees are ‘rage applying’ for new jobs after Andy Jassy’s RTO mandate
Business

Angry Amazon employees are ‘rage applying’ for new jobs after Andy Jassy’s RTO mandate

September 29, 2024
Volkswagen cuts forecasts again on demand, EV competition
Business

Volkswagen cuts forecasts again on demand, EV competition

September 29, 2024
California’s governor vetoes requiring speeding alerts in new cars
Business

California’s governor vetoes requiring speeding alerts in new cars

September 29, 2024
Next Post
Rob Gronkowski pranked by Fox NFL crew with fake segment

Rob Gronkowski pranked by Fox NFL crew with fake segment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Subtle Medical receives Phase II funding approval to boost imaging technology

Subtle Medical receives Phase II funding approval to boost imaging technology

September 5, 2024
Rolls-Royce shares tumble as EU orders Airbus A350 inspections after Cathay engine fire

Rolls-Royce shares tumble as EU orders Airbus A350 inspections after Cathay engine fire

September 5, 2024
Picks for Dak Prescott, Anthony Richardson

Picks for Dak Prescott, Anthony Richardson

September 8, 2024
Brazil supreme court unfreezes assets of Elon Musk’s Starlink, X

Brazil supreme court unfreezes assets of Elon Musk’s Starlink, X

September 14, 2024
Nike CEO John Donahoe is out, replaced by Elliott Hill

Nike CEO John Donahoe is out, replaced by Elliott Hill

September 20, 2024
Caleb Williams’ girlfriend Alina Thyregod gives intimate look at NFL life

Caleb Williams’ girlfriend Alina Thyregod gives intimate look at NFL life

September 25, 2024
US airlines will owe you money for delays under new proposa

US airlines will owe you money for delays under new proposa

September 11, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • ‘Golden Week’ bookings show changes in how Chinese are traveling
  • Tom Brady was ‘seriously considering’ Bears in free agency
  • NASA says it’s a long way from ‘writing off Boeing’
  • Russia economy faces moment of truth on lifeline from China

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In