Antitrust enforcers say they’ll ease up in some areas during coronavirus crisis.
U.S. federal antitrust authorities announced they will expedite joint venture reviews for cases involving efforts to stop the spread of the new coronavirus.
While mergers and conduct reviews can typically take months, the Federal Trade Commission and the Antitrust Division of the Department of Justice said in a joint statement Tuesday they "will aim to respond expeditiously to all COVID-19-related requests, and to resolve those addressing public health and safety within seven calendar days of receiving all necessary information."
The agencies said they would continue to crack down on firms that attempted to exploit the crisis by price gouging, cutting wages, reducing output or quality, as well as through criminal violations. Makan Delrahim, U.S. assistant attorney general for the antitrust division and Joe Simon, Chairman of the FTC.U.S. federal antitrust authorities announced they will expedite joint venture reviews for cases involving efforts to stop the spread of the new coronavirus.
While such reviews can typically take months, the Federal Trade Commission and the Antitrust Division of the Department of Justice said in a
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