FTC & DOJ Trustbusting, & Lead-Wrapped Cables in Lake Tahoe 7/19/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 19 July 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Trade Commission and the Department of Justice have released new merger guidelines. Despite recent legal setbacks, the regulators are forging ahead on their vision for antitrust policy in the U.S. Department of Justice Assistant Attorney General for the Antitrust Division Jonathan Kanter explains his vision for antitrust regulation. Plus, AT&T has responded to a report on its lead-wrapped cables in Lake Tahoe, and famed authors are taking issue with AI. In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in Show Music, please.
0:02.6	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pond.
0:09.6	New Watershed Guidelines on Antitrust Regulation from the Department of Justice and the FTC.
0:15.0	This is a document that's put out for comment, it's not official, and it's not the law.
0:20.0	DOJ Antitrust Chief Jonathan Cantor explains their motivation.
0:25.0	Antitrust enforcement oxygenates the market.
0:28.0	It gives opportunities for new firms, technologies to flourish and thrive.
0:32.0	And what we want is we want competition we want
0:35.4	disruption we want innovators.
0:37.3	Plus AT&T's lead clad cables and authors are taking on AI algorithms.
0:44.8	AI is changing things.
0:46.1	We don't know exactly how,
0:47.6	but it's got a lot of people awfully scared.
0:50.0	It is Wednesday July 19th, 2023.
0:53.2	Squawk Pod begins right now.
0:55.6	Stand Becky by in three, two, one, Q, please.
1:00.5	Good morning.
1:01.3	Welcome to Squackbox here on
1:02.6	C. We are live from the NASDAQ market site in Times Square.
1:06.3	I'm Becky Quick, along with Andrew Ross Sorkin.
1:08.8	Joe is out today.
1:10.7	We're here.
	...

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