As NY AG James Ramps Up Investigation into Capital One-Discover Deal, Federal Enforcers Should Follow Suit
October 24, 2024 — Following news that the New York State Attorney General Letitia James has asked the state supreme court to issue new subpoenas as part of an investigation Capital One proposed $35 billion acquisition of Discover Financial Services, the American Economic Liberties Project released the following statement.
CFPB’s Finalized Open Banking Rule Delivers Major Win for Consumers and Competition
October 22, 2024 — Following the Consumer Financial Protection Bureau’s finalization of a rule designed to facilitate enhanced consumer access to financial data and promote competition—through a provision of the Dodd-Frank Act known as Section 1033—the American Economic Liberties Project released the following statement.
Fixing the Hurricane-Induced IV Fluid Shortage
October 9, 2024 — Following the widespread devastation resulting from Hurricane Helene, which temporarily closed Baxter International’s intravenous (IV) solution factory in Marion, North Carolina that makes 60% of the nation’s supply, and B. Braun’s IV solution factory in Daytona Beach, Florida — which makes another 23% and lies in the path of Hurricane Milton — the American Economic Liberties Project released the following statement.
Governor Newsom Vetoes CA AB 3129 (Wood), Thwarting Years-long Effort to Protect Healthcare From Private Equity
October 2, 2024 — Following news that California Governor Gavin Newsom has vetoed AB 3129, a bill that would have given the California Attorney General’s Office greater ability to review and block private equity firms or hedge funds from purchasing healthcare facilities (so-called “roll-up”), and to prohibit private equity or hedge funds from interfering in the practice of medicine by medical professionals (“private equity practice of medicine”), the American Economic Liberties Project released the following statement.
DOJ Backs Healthcare Workers in Class-Action Lawsuit Against UPMC’s Abuses
October 1, 2024 — In response to news that the Department of Justice Antitrust Division has filed a statement of interest supporting healthcare workers in a class-action antitrust lawsuit against the University of Pittsburgh Medical Center (UPMC) — which alleges that UPMC weaponizes its monopsony power to suppress wages, illegally fight unionization, and trap employees with “do not hire” blacklists — the American Economic Liberties Project released the following statement.