Open Markets Applauds FDIC Board for Voting to Examine Bank Mergers

Open Markets condemns FDIC chair’s attempt to obstruct efforts to rein in Too Big to Fail banks.

Amazon’s Sloppy Management of Vital Cloud Services Proves Need for Strict Regulation

Open Markets strengthens calls to regulators to move to protect the public from AWS in light of outage and the NASDAQ announcement.

Press ReleasesBrian CallaciDecember 8, 20212021, December 2021, Primary Feature, Brian Callaci, Amazon, Secondary Feature

Biden Picked Omarova to Protect Our Financial Systems for a Reason

Open Markets laments losing a powerful defender against concentrations of power in financial sector.

Press ReleasesOpen MarketsDecember 8, 20212021, December 2021, Barry Lynn, Secondary Feature

FTC’s Move to Block Major Nvidia-Arm Chip Merger Serves Notice to Wall Street Raiders

Open Markets applauds the FTC for demonstrating a commitment to ensuring the resiliency and robustness of the semiconductor industry.

DOJ Move to Block Big Sugar Merger Shows How to Use Anti-Monopoly Law to Attack Supply Chain Chokepoints and Dangerous Inflation

Open Markets points to the DOJ’s commitment to preventing further consolidation as a major factor in merger decision.

Labor, Anti-Monopoly, and Justice Groups Send Letter to Top Financial Regulators Amplifying Calls for Enhanced Regulation of Amazon’s AWS

Open Markets spearheads a coalition letter to FSOC urging them to bring AWS under the supervision of the Federal Reserve as a utility.

Open Markets Encourages President Biden to Name Former Federal Reserve Governor Sarah Bloom Raskin, Economist Lisa Cook to Open Fed Seats

In light of Biden’s nomination of Jerome Powell for Chair of the Federal Reserve, Open Markets urges the President to nominate Dr. Lisa Cook and Sarah Bloom Raskin to remaining open Fed Board seats.

Press ReleasesOpen MarketsNovember 22, 20212021, November 2021, Democracy & Ideology, Primary Feature

Professor Saule Omarova is the Sharp, Uncompromising Leader the OCC Needs to Curb Dangerous Concentrations of Power in the Financial System

Open Markets urges the Senate to support Omarova’s nomination to lead the Office of the Comptroller of the Currency in light of hearing.

Press ReleasesBarry LynnNovember 18, 20212021, November 2021, Democracy & Ideology, Wins, Primary Feature

Bipartisan Senate Vote Confirming Kanter to Lead DOJ Antitrust Tolls the End of Big Tech’s Reign

Jonathan Kanter’s confirmation signals that it’s time for Big Tech executives to figure out how to make a living by serving people, not picking pockets.

Press ReleasesBarry LynnNovember 17, 20212021, November 2021, Democracy & Ideology, Wins, Big Tech, Primary Feature

Legislation Aims to Stop Big Tech Platforms From Making Acquisitions That Grow Their Market Power and Kill Competitive Threats

Open Markets applauds Senator Klobuchar for developing bipartisan legislation that aims to prevent platform monopolists from cementing and augmenting their already dangerous levels of power.

DOJ Blocks Bertelsmann Merger with Simon & Schuster in Win for Authors, Readers, Editors, and Publishers

Open Markets celebrates the Department of Justice’s vote to file a civil antitrust lawsuit to block the proposed merger between Penguin Random House, a subsidiary of Bertelsmann, and Simon & Schuster.

Following Release of Stablecoins Report, Open Markets Urges Regulators to Use Existing Tools to Protect Investors and Mitigate Systemic Risks

Addressing threats to fair competition, and investors and consumers should come before facilitating the growth of private money.

Press ReleasesOpen MarketsNovember 1, 20212021, November 2021, Primary Feature

FTC Begins New Era by Restoring Common Sense Rules to Block Bad Deals

26 years later, the FTC reinstates the “Prior Approval Policy” taking back the power to restrict anticompetitive mergers.

Chopra Order on Big Tech Payment Services Marks New Approach to Power, Privacy, and Data

Open Markets applauds the Consumer Financial Protection Bureau for ordering Google, Apple, Facebook, Amazon, Square, and PayPal to disclose information about their payment system practices.

Press ReleasesOpen MarketsOctober 21, 20212021, October 2021, Big Tech, Barry Lynn, Primary Feature, Wins

Regulators Should Use Existing Authority to Address Investor Protection and Systemic Risk Issues with Stablecoins

Open Markets urges the President’s Working Group on Financial Markets to ensure any recommendations for stablecoin regulation utilize their existing authorities and address existing investor protection, consumer protection, and systemic risk issues.

Press ReleasesOpen MarketsOctober 19, 20212021, October 2021, Big Tech, Secondary Feature

Sens. Klobuchar and Grassley Lead a Bipartisan Step Forward for Protecting People From Platform Monopolists

Open Markets applauds the introduction of the “The American Innovation and Choice Online Act.”

Press ReleasesOpen MarketsOctober 19, 20212021, Wins, October 2021, Barry Lynn, Politics, Big Tech, Secondary Feature

Large Coalition of Public Interest and Environmental Groups Come Together to Urge Leaders to Address Climate Damages of Crypto

Open Markets sent a letter to congressional leadership signed by 70+ public interest, environmental, and racial justice organizations calling on Congress to take steps to mitigate cryptocurrency’s climate destruction when developing legislative and regulatory action for the industry.

Press ReleasesOpen MarketsOctober 7, 20212021, October 2021, Primary Feature

Chopra’s Confirmation Signals Revitalization of the Consumer Financial Protection Bureau and a Strong Watchdog for Consumers

Open Markets celebrates the confirmation of Chopra to lead the Consumer Financial Protection Bureau.

Press ReleasesOpen MarketsSeptember 30, 20212021

Monopoly Matters