Reynolds Holding is a Breakingviews editor who also writes from New York about the law. Before joining Breakingviews, he was a national editorial producer for the Law & Justice Unit at ABC News, a senior writer for Time magazine and the executive editor of Legal Affairs, the first general interest magazine about the law. He spent more than a decade as an investigative reporter and columnist for The San Francisco Chronicle, where he was named a Pulitzer Prize finalist for explanatory writing. Before becoming a journalist, he practiced corporate law at the New York firm of Debevoise & Plimpton. He graduated from Harvard College and Duke University School of Law.
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The U.S. pharmacy chain’s benefits arm may charge customers extra for using drugstores that, unlike CVS, sell cigarettes. That’s reminiscent of anti-competitive tying that got Microsoft in trouble. The cases differ, but concerns about market power make the company worth watching.
Sysco says its $3.5 bln purchase of US Foods preserves local competition. Critics argue that’s irrelevant because the two operate nationally. Similar logic led watchdogs to nix AT&T’s $39 bln deal for T-Mobile US. They could find it hard to swallow the food distributors’ union.
Recent Supreme Court rulings clearly contributed to a 40 pct drop in U.S. infringement cases. But the Silicon Valley firms eased pressures to sue with efforts to share technology – and goose future demand. Others may finally be catching on to the attractions of a peace dividend.
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