#58 Mergernomics: How Tariffs Redefine Product Markets
Trust and Trade
How do tariffs redefine product markets? In this episode, economist Dr. Craig Malam and antitrust expert Carla Hine join host Anant Raut to discuss the effect of the Trump Administration's tariff-centric trade policy on how we determine the edges of a product market and what constitutes a substitutable product. Panelists then talk about what economists and defense counsel should take into account when the size and duration of a tariff can change with a social media post. With special guests: Dr. Craig Malam, Partner, Edgeworth Economics and Carla Hine, Weil Gotshal & Manges LLP ...
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#57 Mergernomics: Extending Market Power
Trust and Trade
Enforcers and policymakers have raised concerns that dominant firms like Google, Microsoft, NVIDIA, and Meta are extending their market power into AI by taking stakes in some of the most promising startups. In this episode, economist Dr. Elizabeth Wang and antitrust litigator Daniel Culley join me to discuss how economists measure the risk that a dominant firm could acquire its way into dominance in another market, as well as how to spot flaws in those projections. With special guests: Daniel Culley, Partner, Cleary Gottlieb Steen & Hamilton LLP and Dr. Elizabeth Wang, Partner and...
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#56 The Resurgence of Private Antitrust Litigation in the Asia Pacific
Trust and Trade
What's behind the rise of private antitrust litigation in the Asia Pacific? Host Anant Raut talks to experts Kirsten Webb and Toshiaki Tada about the resurgence of follow-on cartel litigation in Japan and abuse of a dominant position cases in Australia. They also discuss the impact of Big Tech litigation, the complexities of proving damages, and the propensity towards settlements. Listen to learn more about how these trends could completely invert global litigation strategy for private plaintiffs! With special guests: Kirsten Webb, Partner, Clayton Utz and Toshiaki Tada, Partner, Hibiya...
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#55 Foreign Investment in the EU
Trust and Trade
The rules for foreign investment in Europe are changing. In this episode of Trust and Trade, Bryan Cave LLP's Christine Graham and AmCham EU's Andrew Hill join host Anant Raut to talk about the reasons behind the revisions - protecting critical assets and technologies, a need for uniformity across member states - and walk listeners through the intricate steps of the European legislative process. What do the changes mean, to whom will they apply, and when do they go into effect? Tune in to learn these answers and gain many more insights into the evolving legal framework that will dramatically...
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#54 Mergernomics: Efficiencies
Trust and Trade
In this latest episode in our Mergernomics series, we examine how attorneys and economists try to quantify the benefits of a merger, aka "efficiencies." Antitrust expert Brazil's Paula Camara and economist Silvia Faga de Almeida join host Anant Raut to discuss why efficiencies sometimes lower prices and why they sometimes don't, how economists measure them, which ones enforcers will accept and why, and how shifting policy priorities, such as protecting rather than firing employees, has changed what even counts as one. With special guests: Silvia Faga de Almeida,...
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#53 Michael Jordan v NASCAR
Trust and Trade
Why is Michael Jordan's racing team suing NASCAR? MJ's 23XI team and Bob Jenkins’ Front Row have been locked in a heated antitrust lawsuit with NASCAR over the charter system at the heart of the Cup Series, with the case set to go to trial on Dec 1, 2025. Brooklyn Law School Professor Jodi Balsam joins host Anant Raut and co-host Sathya Gosselin to talk about the history of NASCAR, the legal issues that remain to be decided, and how this monumental showdown between two of the biggest names in sports, in one of the biggest sports in the country, is likely to end. With special guest: Professor...
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#52 Regulating AI, Ep. 4: South Korea
Trust and Trade
How is South Korea reshaping AI regulation? In this episode, D&A's Yaera Jeon joins hosts Anant Raut, Rory Macmillan, and Nina Jayne Carroll to unpack South Korea's new AI Framework Act, the first comprehensive national AI regulation in Asia. They talk about its competing policy goals, broad extraterritorial reach, and compliance obligations for high-impact AI systems. They also discuss the government's recent guidance on the Act and whether it weakens the impact of the new regulations. With special guest: Yaera Jeon, Partner, D&A LLC Hosted by: Anant Raut, Rory Macmillan, and Nina...
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#51 What Makes a Price Illegal?
Trust and Trade
What makes the price charged by a digital platform illegal? Host Anant Raut talks to antitrust economists Tasneem Chipty and Michael Katz about the legality of high and low prices, cross-platform network effects, and contentious practices like predatory pricing and bundled discounts. Learn how antitrust law looks at MFNs, "free" online services, and two-sided markets in this spellbinding episode! With special guests: Dr. Tasneem Chipty, Founder, Chipty Economics LLC and Dr. Michael Katz, Professor Emeritus, Haas School of Business University of California Berkeley Hosted by: Anant Raut
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#50 Are IP Remedies in Big Tech Cases Going Too Far?
Trust and Trade
Should Big Tech companies be required to open up their intellectual property when they break the antitrust laws? In this episode of Trust and Trade, experts debate whether requiring Apple to open up its app store restrictions, or Google to license its search data and divest Android, reduce incentives to innovate or are necessary to restore competitive balance. DuckDuckGo’s Joe Jerome and economist Keith Waehrer join host Anant Raut and co-host Jennifer Dixton to talk about how far is too far and what’s at stake for digital markets. With special guests: Joe Jerome, Senior Public Policy...
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#49 Regulating AI, Ep. 3: Brazil
Trust and Trade
How is Brazil shaping AI regulation in the Global South? Our latest episode explores the Brazil AI Act, which if passed would become the first comprehensive federal AI regulation in the world to require AI companies to pay creators for using their work to train their systems. Pinheiro Neto Advogados's Raphael de Cunto joins host Anant Raut and co-hosts Rory Macmillan and Nina Jayne Carroll for a conversation on how Brazil’s approach could create a blueprint for global AI regulation, and its implications for innovation and enforcement. With special guest: Raphael de Cunto, Partner, Pinheiro...
info_outlineIn the latest episode of our popular "Mergernomics" series, Ted Rosenbaum, Deputy Director in the Bureau of Economics at the U.S. Federal Trade Commission, explains how enforcers apply merger simulations to predict market changes after a proposed merger, sometimes with unexpected results. Hosts Anant Raut and Virginie Caspard then dive into two enforcement actions (against the Aetna-Humana and Wilhelmsen-Drew mergers) where merger simulations were used, and later discuss whether merger simulations are as useful in analyzing non-price markets.
With special guest:
Ted Rosenbaum, Deputy Director, Bureau of Economics, U.S. Federal Trade Commission
Hosted by:
Anant Raut and Virginie Caspard