Few things are as intellectually thrilling as watching an idea spring to life, capturing more and more minds until it becomes conventional wisdom. And there are few areas of law where this has been as pronounced as antitrust. Forty-three years ago, Robert Bork, who was a professor at Yale Law School at the time, wrote “The Antitrust Paradox,” which argued ...

Bloomberg American Airlines group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalising on low borrowing costs to repay US government loans that have helped it navigate the pandemic. The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility ...

Bloomberg Amazon.com Inc. scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its air-freight operations. Amazon spent $131 million to acquire about 13.5 million shares of Air Transport Services Group Inc., the air cargo operator said in a securities filing, exercising ...