EGN NEWS DESK
Harvard’s governing physique received’t let 13 pro-Palestinian pupil protesters graduate. The Harvard Corporation rejected a bid by school to award levels to the scholars, who face disciplinary motion for collaborating in a protest encampment. In associated information, the hedge fund mogul Ken Griffin, an alumnus who paused his monetary assist for the college over its dealing with of antisemitism on campus, urged graduates to “constructively debate concepts even in moments of heated disagreement.”
The case for an antitrust battle in opposition to Live Nation
The Justice Department and several other states plan to sue Live Nation Entertainment, the father or mother firm of Ticketmaster, as quickly as Thursday, The Times reviews. The antitrust investigation has taken greater than a 12 months — and follows a fair longer interval of frustration on the firm’s dominance of reside occasion ticketing.
Here’s what the case is more likely to deal with, in line with The Times:
The authorities plans to argue in a lawsuit that Live Nation shored up its energy via Ticketmaster’s unique ticketing contracts with live performance venues, in addition to the corporate’s dominance over live performance excursions and different companies like venue administration, stated two of the individuals, who declined to be named as a result of the lawsuit was nonetheless personal. That helped the corporate keep a monopoly, elevating costs and charges for customers, limiting innovation within the ticket trade and hurting competitors, the individuals stated.
The authorities will argue that excursions promoted by the corporate had been extra more likely to play venues the place Ticketmaster was the unique ticket service, one of many individuals stated, and that Live Nation’s artists performed venues that it owns.
Bloomberg News, which first reported the lawsuit’s timing, added that the Justice Department could search to interrupt up the corporate, which was shaped by the 2010 union of Live Nation and Ticketmaster.
Live Nation has sought to go off such a lawsuit for a while, denying that it units excessive costs and charges and arguing that it faces elevated competitors. Last 12 months, it agreed to be extra clear in regards to the charges which might be added to ticket gross sales, signing onto the Biden administration’s battle in opposition to so-called junk charges.
Last month, Live Nation co-hosted a party in Washington forward of the annual White House Correspondents’ Association dinner to press its case. Attendees took in a efficiency by the nation singer Jelly Roll — and had been greeted by cocktail napkins selling optimistic details in regards to the firm’s affect on the financial system.
