FTC Commissioner says enforcement of nascent/future competition theory to increase – ABA Spring Meeting
23 April 2020 - 12:00 am UTC
Federal Trade Commission (FTC) Commissioner Christine Wilson said today (23 April) that the agency will pursue more merger enforcement cases based on potential harms to future or nascent competition.
Speaking during a podcast for the American Bar Association’s virtually-held Spring Meeting, Wilson cited as a signal that enforcement in these areas will be increased a 24 September speech by Bruce Hoffman, former head of the FTC’s Bureau of Competition, to the Senate Antitrust Subcommittee.
The Commission’s 19 December complaint challenging Illumina’s [NASDAQ:ILMN] acquisition of Pacific Biosciences [NASDAQ:PACB], subsequently abandoned by the parties on 2 January, is an example of how issues traditionally associated with the Big Tech platforms can come into play in adjacent industries where technology plays an important role, Wilson said.
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