US Federal Trade Commission's Lina Khan suffered her first major defeat following Amazon's acquisition of MGM studios, though the antitrust may be challenging the move again soon. — AP
Lina Khan, the antitrust crusader leading the Federal Trade Commission, suffered her first major defeat as Amazon.com Inc. closed its acquisition of movie studio Metro-Goldwyn-Mayer, underscoring the limits to Washington’s efforts to rein in the technology industry’s giants.
Amazon’s victory could be short-lived. The five-member FTC is split 2-2 between Democrats and Republicans, leaving Khan without a Democratic majority to bring cases unless she can muster support from at least one Republican.
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