BONUS: FTC Chair Lina Khan & Asst. AG for Antitrust Jonathan Kanter 6/8/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 8 June 2024

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

This bonus episode of Squawk Pod, from our partners at “The Keynote,” features the two most important players in the Biden Administration’s comprehensive reshaping of antitrust law. Federal Trade Commission Chairperson Lina Khan, and U.S. Assistant Attorney General for the Antitrust Division Jonathan Kanter joined Andrew Ross Sorkin at the CNBC CEO Council Summit on June 4th 2024. They spoke about how they have reinvigorated antitrust enforcement, the challenges and opportunities of the digital age and why they feel empowered to act. Plus, one reveals their “Swiftie” status. To listen to other interviews from events check out “The Keynote by CNBC Events” here: https://podcasts.apple.com/us/podcast/the-keynote-by-cnbc-events/id1493248246. For information on upcoming events visit: CNBCevents.com. In this episode: Lina Khan, @linakhanFTC Jonathan Kanter, @JusticeATR Andrew Ross Sorkin,@andrewrsorkin Katie Kramer,@Kramer_Katie

Transcript

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0:00.0	My job is to enforce the laws that Congress has written.
0:05.6	Federal Trade Commission Chair Lena Khan on the new antitrust landscape.
0:10.3	When you go from decades of more lax enforcement to now an approach that is being
0:16.7	more rigorous that that can be disorienting together with US assistant attorney
0:21.5	general for the antitrust Division Jonathan Cantor.
0:24.8	So I think it's important to distinguish between good old-fashioned competition, companies,
0:31.0	businesses trying to deliver better products and services to their
0:35.0	customer base. We have no problem with that at all.
0:38.0	It's when companies engage on illegal behavior in order to maintain their
0:42.2	position, that's when we have a problem.
0:45.0	Sharing their approach to antitrust enforcement.
0:48.0	If anything, competition makes companies work harder.
0:51.0	We want free enterprise, We want open markets rather than a
0:55.8	lack of competition resulting in coercion. Plus why they feel empowered to try and
1:02.0	muzzle monopolies in a new era of trust busting.
1:05.2	The most striking thing about antitrust and anti-monopoly is the strong bipartisan support
1:11.6	for taking on unchecked monopoly power.
1:15.0	The current movement about corporate power and antitrust is not coming from us, it's coming from people.
1:21.0	I'm C. NBC producer Katie Kramer.
1:23.2	It's Saturday, June 8th, 2024, and a bonus episode of Squack-POD with Federal Trade Commission
1:29.4	Chair Lena Khan and U.S. Assistant Attorney General for the Antitrust Division, Jonathan Cantor, begins right after this.
1:40.0	You're listening to Squack Pod from CNVC. Today we are bringing you an
	...

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