logo
Trump changes the antitrust formula

Trump changes the antitrust formula

Axios03-06-2025
Keysight Technologies will receive U.S. antitrust approval for its $1.5 billion purchase of British telecom testing firm Spirent Communications, after agreeing to divest three of Spirent's businesses.
Why it matters: Remedies appear to be back, after a Biden-era antitrust regime that focused more on injunctions.
Both at DOJ, which handled the Keysight/Spirent deal, and also at FTC, which last week applied structural remedies to approving the $35 billion merger of Synopsys and Ansys.
"If competitive concerns are discrete and a robust carve-out is feasible, settlement is once again a realistic path to closing," antitrust attorney John Ceccio wrote on LinkedIn.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Top Bill Clinton aides: ‘Big, beautiful bill' poses ‘huge risks to our economy'
Top Bill Clinton aides: ‘Big, beautiful bill' poses ‘huge risks to our economy'

The Hill

time21 minutes ago

  • The Hill

Top Bill Clinton aides: ‘Big, beautiful bill' poses ‘huge risks to our economy'

Two Clinton-era Treasury secretaries issued a warning on Thursday about President Trump's tax and spending bill, saying the administration's approach poses significant risk to the U.S. economy. In a New York Times op-ed, former Treasury Secretaries Robert Rubin and Larry Summers compared today's economic landscape to the one they faced in the '90s and recalled that President Trump, on the campaign trail, vowed not to add to the debt and to restore 'fiscal sanity to our nation.' 'We served under a president who made that same vow — and who took it seriously,' they wrote, noting the latest GOP legislation, which is headed for a final vote, 'does the opposite.' 'We were members of Bill Clinton's economic team when the federal budget was balanced, the only time that has happened in more than half a century. In nearly every respect, the Trump administration's approach is the opposite of what worked in the 1990s — and it poses huge risks to our economy,' the Clinton aides wrote. 'Facing a less worrisome set of problems, Mr. Clinton approached the budget process with rigor, openness and an emphasis on facts and analysis. The Trump administration, by contrast, has been characterized by chaos and a lack of discipline,' they added. The secretaries highlighted parallels between the eras, noting both Clinton and Trump entered office 'facing serious fiscal problems' and emerging technologies. 'Then it was the internet, now it's artificial intelligence,' they wrote. They said the administration took a different approach from the Trump administration, however, and 'followed a strategy of hoping for the best, while planning conservatively.' 'We paired policies that reduced the deficit with others that stimulated investment. That set off a virtuous economic cycle of growth, deficit reduction, lower interest rates and thus more investment and growth. Fiscal responsibility helped contain inflation because it was accompanied by respect for the independence of the Federal Reserve and recognition of the importance of a strong dollar. 'This current administration risks putting this cycle in reverse by undermining the Federal Reserve, imposing tariffs and passing a tax and policy bill that is more budget busting than big and beautiful,' they wrote. The former secretaries criticized the Trump administration for not focusing enough on finding ways to offset the spending. 'Rather than a legislative package that delivers trillions in tax cuts to the top, we should go back to the drawing board and find ways to raise trillions instead,' they wrote. They said the country could be approaching an 'era of technological progress akin to the internet revolution' but financial troubles threaten the country's 'ability to capitalize on it.' 'Luckily, to get back on a sustainable fiscal path, we need not balance the budget, as we did in the '90s. What we need to do is reverse that trend so that the ratio of our debt to our economy falls, rather than rises,' they wrote. 'Unfortunately, this legislation does the opposite. A responsible Congress would reject it,' they said.

QXO Rated Outperform by Wolfe on Strong EBITDA Growth Potential
QXO Rated Outperform by Wolfe on Strong EBITDA Growth Potential

Yahoo

time26 minutes ago

  • Yahoo

QXO Rated Outperform by Wolfe on Strong EBITDA Growth Potential

QXO Inc. (NYSE:QXO) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 6, Wolfe Research began coverage of QXO Inc. (NYSE:QXO) with a price target of $44 and an Outperform rating. One of the main reasons for the research firm's optimistic assessment of QXO is its potential for outstanding EBITDA growth. An experienced software engineer working on a complex line of code in a programming suite. Analysts at Wolfe Research praised QXO's management team, which has a proven track record of successfully creating value across a range of industries. Through targeted mergers and acquisitions, as well as operational enhancements, the firm believes QXO Inc. (NYSE:QXO) may generate notable EBITDA growth. Wolfe also estimates that over the next five years, QXO's EBITDA will grow at a compound annual growth rate of about 35%, considerably greater than its competitors. QXO Inc. (NYSE:QXO) is a software company that offers Accumatica and Sage, alongside other ERP products. Additionally, it offers support, training, and other technical services associated with these products. While we acknowledge the potential of ETSY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

UBS Maintains Price Target as Burlington Stores Gains From Tariff Impact
UBS Maintains Price Target as Burlington Stores Gains From Tariff Impact

Yahoo

time26 minutes ago

  • Yahoo

UBS Maintains Price Target as Burlington Stores Gains From Tariff Impact

Burlington Stores Inc. (NYSE:BURL) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. UBS analysts maintained their $390 price target for Burlington Stores Inc. (NYSE:BURL) and reaffirmed their Buy rating on the company's shares on June 2. Master-L/ As per UBS, Burlington's 'Burlington 2.0' approach is working well. Burlington Stores Inc. (NYSE:BURL) is anticipated to stand out from other Softline stocks this year that lack comparable initiatives by continuing to offer substantial margin improvements. UBS analysts also emphasized how tariffs could help Burlington Stores Inc. (NYSE:BURL) . As tariffs affect department stores, they expect a shift in market share towards off-price retailers, such as Burlington. Additionally, they add that Burlington Stores should eventually profit from the inventory issues that the tariffs would cause in the retail industry. Burlington Stores, Inc. (NYSE:BURL) is a discount retailer of branded clothing. Additionally, it offers comparatively cheaper household goods, footwear, and accessories. The company runs over 1007 locations, mostly under the Burlington Stores brand. While we acknowledge the potential of BURL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store