President Obama is working to reverse antitrust rules put in place by his predecessor, according to Reuters. Where George W. Bush's rules tended to favor defendants in antitrust litigation, the new administration plans to aggressively enforce antitrust rules against corporations that "use their market dominance to elbow out competitors or to keep them from gaining market share."
Once that happens, Intel may have more investigations on its hands than the one in the EU. The chip maker has been under investigation there since 2000, and a ruling is expected later this week. Intel could face a fine of up to $3.76 billion.
For those who want more information on how the new priorities will be put into practice, the U.S. Chamber of Commerce will host Assistant Attorney General Christine A. Varney, the Justice Department's antitrust chief, on Tuesday to discuss the matter. According to the press release,"Varney will address the importance of domestic and international antitrust laws to the business community and the administration's priorities regarding competition policy."