The Federal Trade Commission’s (FTC) speculative merger challenges are hampering innovation across the U.S. economy, including sectors critical to our global competitiveness. Tech, aerospace, microchips, the metaverse, and cloud gaming all have seen the FTC challenge vertical mergers grounded in hypothetical theories of “potential competition” rather than actual evidence of competitive harm. Even worse, the FTC has been refusing to work with the merging companies to address any genuine competitive concerns. […]
