Breaking News
0
Ad-Free Version. Subscribe now to follow markets, faster and distraction-free. More details

Biden eyes ex-Obama staff to tackle Big Tech and other antitrust issues

TechJan 16, 2021 16:54
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. U.S. President-elect Joe Biden outlines coronavirus vaccinatation plan during news conference in Wilmington, Delaware 2/2

By Nandita Bose

WASHINGTON (Reuters) - Two former Obama administration officials have emerged as front-runners for the top antitrust job at the U.S. Department of Justice under the incoming administration of President-elect Joe Biden, according to two sources with knowledge of the matter.

One of the picks is Renata Hesse, who has had several stints at the Justice Department since 2002 and most recently served as the Acting Assistant Attorney General from mid-2016 to Jan. 2017. She also has held private sector roles and advised on matters involving companies such as Amazon.com Inc (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) Inc's Google.

More notably, Hesse advised Amazon on its more than $13 billion acquisition of grocery chain Whole Foods, according to her bio on the website of New York law firm Sullivan & Cromwell LLP, where she is currently a partner.

Her role could pose conflict of interest issues as the Justice Department pursues its widely-followed case against Google, the sources said. The Justice Department sued Google on Oct. 20, accusing the $1 trillion company of dominating search and advertising.

The other front-runner is Juan Arteaga, who has also worked for the Justice Department under President Barack Obama between 2013 to 2017 and served as the Deputy Assistant Attorney General for Civil Enforcement, according to the sources, who did not wish to be named.

Arteaga also has held private sector roles and advised companies such as JP Morgan Chase (NYSE:JPM) & Co and AT&T Inc (NYSE:T).

Other contenders under consideration include Jonathan Kanter, who co-chaired the antitrust department at the law firm Paul Weiss and now runs his own firm, the sources said. He is a prominent Big Tech and Google critic. Many progressive groups favor Kanter's appointment as they push for more aggressive antitrust enforcement.

To be sure, the names reflect the thinking of the Biden transition so far and could change as the vetting process moves forward, the sources said.

The Biden transition team did not immediately respond to requests for comment.

Antitrust enforcement has emerged as an issue the Biden transition team has been paying attention to. For example, a third source said the transition is prioritizing getting a landing team in to start working on issues and that Arteaga could be a good fit.

Also, on Nov. 18, the Biden transition's agency review team for the Federal Trade Commission and the Department of Justice held a meeting with outside progressive and moderate groups to discuss antitrust policy priorities, according to three separate sources.

Some of the broad priorities discussed on the call included having more "aggressive" antitrust enforcers.

"Bring cases even if you're going to lose," said one source, describing the way this point was made in the meeting.

Other topics discussed during the session included reversing merger guidelines, retrospective scrutiny of mergers, revamping antiquated competition laws and offering more funds for federal enforcement agencies such as the FTC, the sources said.

Biden eyes ex-Obama staff to tackle Big Tech and other antitrust issues
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email