***We apologize that the beginning few minutes of the video failed to record. Professor Melamed is addressing a question from the moderator about why the FTC and DOJ’s Antitrust Division have consistently issued and updated merger guidelines.***

William J. Kolasky, Partner, Hughes Hubbard & Reed LLP
Douglas MelamedProfessor of the Practice of Law, Stanford Law School
Kenneth HeyerFormer Deputy Director, Bureau of Economics, Federal Trade Commission

The “Request for Information” FTC and DOJ’s Antitrust Division issued in January on its merger guidelines, and the over 160 questions it poses, suggest a considerable departure from prevailing perspectives on horizontal and vertical mergers. Our panel of antitrust law and economics experts will discuss the revision process, what it may mean for current and future reviews of mergers, and whether the agencies’ approach sets them on a collision course with judicial precedent.