Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Cyber Monday Deal: Up to 55% off CLAIM SALE
U.S. antitrust chief says evidence, not tweets, drives decision-making
Published Nov 13, 2018 12:37PM ET
© Reuters. FILE PHOTO - A U.S. flag flies at the headquarters of the Department of Justice in Washington
WASHINGTON (Reuters) - The Department of Justice's antitrust chief, Makan Delrahim, said on Tuesday that evidence drove the division's decision-making rather than pressure from the president, who recently tweeted that he supported an antitrust probe of Comcast Corp (O:CMCSA).
Speaking on CNBC, Delrahim, the assistant attorney general for antitrust, was asked about President Donald Trump's attacks on companies like Comcast and Amazon.com Inc (O:AMZN), alleging that they break antitrust law.
"As far as what we do in our enforcement -- we need the evidence, we need the economics, (before) we go to court. Politics that goes on between various aspects of the government don't affect our decisions to make these cases," Delrahim said.
The DOJ's Antitrust Division cannot order the halting of a merger or breaking up of a company, but must convince a judge that such an action is needed. The department failed this year to convince a federal judge to stop AT&T's merger with Time Warner and is appealing that loss.
Delrahim said the division was "vigilant" in monitoring Comcast since a consent decree expired that governed its purchase with NBC Universal.
Trump tweeted support on Monday for the American Cable Association's call for an investigation into Comcast. "They say that Comcast routinely violates Antitrust Laws," he wrote.
Delrahim said concern over Amazon was "bipartisan," but added that the fact that a company was big and powerful did not mean that it broke antitrust law.
Trump had tweeted about his unhappiness with Amazon in July, saying: "In my opinion the Washington Post is nothing more than an expensive lobbyist for Amazon." Amazon chief Jeff Bezos also owns the Washington Post.
Delrahim seemed unfazed by the unusually high level of attention paid to the work of his division.
"I think it's great that we have such a debate about free markets. And the antitrust laws (are) there to protect the free markets," he said.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.