The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Democratic Senator Elizabeth Warren put a “hold†on the confirmation of Makan Delrahim, President Donald Trump’s nominee to run the Justice Department’s antitrust division, delaying a vote until at least September, according to two people familiar with the matter.
The delay means Delrahim remains on the outside as Justice Department lawyers wrap up their investigation of AT&T Inc. and Time Warner Inc.’s proposed $85.4 billion merger and start early talks with company representatives about possible conditions that could secure approval. AT&T’s bid for the owner of CNN and HBO would reshape the media landscape and has drawn fire from Trump.
Warren has described the nomination of Delrahim, a former lobbyist for Anthem Inc. and other companies pursuing mergers, as an indication that Trump’s administration will “put the interests of giant corporations ahead of the American people,†according to an April 3 post on her Facebook page.
The Massachusetts Democrat last year warned that rising concentration across markets, from airlines to internet service providers to technology platforms, is reducing consumer choice, hurting small businesses and undermining economic security for middle-class Americans. She called on the Justice Department to block more mergers, saying settlements that allow deals to proceed
often don’t work.