Assistant Attorney General, Antitrust Division nominee Makan Delrahim testifies before the Senate Judiciary Committee's hearing on his nomination, on Capitol Hill in Washington, Wednesday, May 10, 2017

The nation’s antitrust laws provide enforcement officials with all the tools they need to promote competition in the tech industry, Assistant Attorney General Makan Delrahim said Tuesday.
Delrahim made the comments as the Department of Justice and the Federal Trade Commission are beginning to scrutinize Apple, Alphabet, Facebook, and Amazon.
He also defended the DOJ against the charge that it focuses too much on consumer prices in weighing the effects of companies’ market power, acknowledging there can be other harms.
Delrahim’s comments come as his own role in the investigating the tech companies has come under scrutiny.
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Makan Delharim thinks the current legal code is more than sufficient to safeguard competition in the tech industry.

As federal enforcement officials begin to probe Alphabet, Apple, Facebook, and Amazon over potential antitrust violations, some policymakers and legal experts have questioned whether new laws are needed to rein in the companies. But in a speech at a conference in Tel Aviv Israel Tuesday, Makan, the top antitrust official in the Justice Department, made clear he’s not among them.

“We already have in our possession the tools we need to …read more

Source:: Businessinsider – Finance


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