Mon. May 23rd, 2022

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Trustbusting Kicks Into Higher Gear

1 min read

Two more signs that antitrust is a big focus on both sides of the aisle.

By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

Breaking up

The Department of Justice yesterday filed its first antitrust action since President Biden took office, to block the proposed merger of Aon and Willis Towers Watson. It argued that combining two of the three largest insurance brokers would create an anticompetitive “behemoth.” The $30 billion transaction would “eliminate substantial head-to-head competition and likely lead to higher prices and less innovation,” the department’s complaint said.

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