Antitrust

Shearman & Sterling Antitrust Annual Report 2019

Shearman & Sterling LLP

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S H E A R M A N & S T E R L I N G L L P | 4 1 MERGER CONTROL THE PROTECTION OF NASCENT COMPETITORS A U. S. A N D E U P E R S P E C T I V E BY BEN GRIS, MATTHEW READINGS, MARK WEISS AND SIMON THEXTON Both the United States and EC have signaled intent to increasingly focus antitrust policy on the protection of nascent competitors and the development of nascent markets. In the U.S., both agency statements and certain cases have cast some light on a shift in antitrust policy to more aggressively protect nascent competitors from domination or elimination by larger and more established rivals. European regulators have indicated that even major blockbuster mergers may be challenged should they result in a loss of competitive innovation, potential future competition and the suppression of research and development (R&D). Continued overleaf

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