monopoly News

Apple Says U.S. Smartphones Suit Has ‘No Relation to Reality’

Apple Inc. said the US government’s antitrust lawsuit accusing the tech giant of monopolizing the smartphone market “bears no relation to reality” and should be tossed out by a federal judge. In a court filing, Apple denied allegations that it …

Justice Dept. Sues to Stop Aon’s Purchase of Willis Towers Watson

WASHINGTON — The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping insurance broker Aon’s $30 billion acquisition of Willis Towers Watson because it would reduce competition and could lead to higher prices. The deal would combine the …

Martin Shkreli Accused of Drug Monopoly Scheme by Insurer

A Blue Cross Blue Shield affiliate sued “Pharma Bro” Martin Shkreli, the pharmaceutical industry’s imprisoned enfant terrible, in a Manhattan federal court Thursday, alleging a scheme to monopolize the market for Daraprim, the “gold-standard treatment” for the parasitic infection toxoplasmosis. …

NY, Feds Sue ‘Pharma Bro’ for ‘Scheme’ to Keep Drug Price Up

NEW YORK — State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike made the so-called “Pharma Bro” infamous. Shkreli was scorned as the bad-boy face …