Novo Nordisk Cuts Insulin Prices Thanks to Pressure From FTC, Biden Admin, and Patient Advocates
March 14, 2023 — Following policy pressure from the FTC, others in the Biden administrations, and patient advocates, along with similar actions from peer company Eli Lilly, insulin producer Novo Nordisk today announced they would cut the price of their diabetes treatment up to 75%. In response, the American Economic Liberties Project released the following statement.
A Silicon Valley Bank Bailout is Not Necessary
March 12, 2023 — Amid reports that officials at the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation are considering bailing out Silicon Valley Bank (SVB) depositors if the FDIC is unable to sell SVB to another, healthy financial institution, the American Economic Liberties Project’s Research Director, Matt Stoller, issued the following statement.
Economic Liberties Applauds DOJ for Blocking JetBlue-Spirit Merger, Urges DOT to Join in Protecting Passengers, Workers & Communities
March 7, 2023 — In response to news that the U.S. Department of Justice Antitrust Division today filed suit to block JetBlue Airlines’ $3.8 billion acquisition of rival Spirit Airlines, the American Economic Liberties Project released the following statement.
Economic Liberties Executive Director to Depart for Role at FTC
March 6, 2023 — The American Economic Liberties Project today announced that Executive Director Sarah Miller will accept a role as Special Advisor to the Chair at the Federal Trade Commission.
Biden Administration Acts to Stop Product of USA Labeling Fraud in Beef
March 6, 2023 — Today, the Department of Agriculture released proposed rules to stop deceptive labeling around meat, poultry, or egg products that are labeled as “Product in USA.” This change occurred to bring the Agriculture Department in line with the Federal Trade Commission’s June 2021 product labeling rules, and to follow through on the White House executive order compelling all of government to focus on fostering fair competition. In response, the American Economic Liberties Project released the following statement.