., across party lines) to issue a complaint to block Lockheed Martin’s vertical acquisition of Aerojet Rocketdyne, in what would have been the FTC’s first defense industry merger litigation in decades.6  Several weeks later, the parties abandoned the transaction, due, in part, to the FTC’s lawsuit.7  The DOJ’s pending litigation of UnitedHealth’s proposed acquisition of Change Healthcare and the FTC’s ongoing review of Microsoft’s proposed… [read post]

The objective evidence relevant to this appeal includes industry skepticism, long-felt industry need, commercial success, and copying. [read post]