Trump is considering appointing a radical enforcer to lead the usa Department of Justice's antitrust team.
According to reports from Zhitong Finance APP, usa President-elect Donald Trump is considering appointing a radical enforcer to lead the usa Department of Justice's antitrust team, as senior Republicans are turning their attention to the anti-competitive behavior of large technology companies.
Insiders say that Gail Slater, a senior aide to usa Vice President-elect JD Vance, is the leading contender for the head of the us Department of Justice's antitrust division. Earlier this month, she was considered a strong candidate for the chair of the usa Federal Trade Commission (FTC).
Top Wall Street trading experts say that Slater's nomination would signal that the new usa government supports a tough enforcement stance, similar to the position advocated by Biden administration officials, including current head of the usa Department of Justice's antitrust division Jonathan Kanter and usa FTC chair Lina Khan.
Tough antitrust enforcement, especially against large technology companies, has found support among a new generation of "Make America Great Again" populists led by Vance. Vance recently stated to the media that he hopes to see Google (GOOG.US, GOOGL.US) broken up.
As Slater becomes the leading contender for the head of the usa Department of Justice's antitrust division, the market is closely watching Trump's nomination of the FTC chair.
Insiders revealed that potential candidates for FTC chair include Melissa Holyoak. Holyoak is one of the two Republican commissioners at the FTC and may lean towards a more traditional conservative antitrust policy that tolerates mergers without harming consumer interests, a paradigm opposed by Khan and Kanter.
But Trump's ally, senior Republican Mike Lee, who serves on the usa Senate Antitrust Subcommittee, also supports Mark Meador, a former enforcer for the usa Department of Justice and FTC, as a candidate for this position.
Lee stated, "The FTC urgently needs new leadership that will restore the institution's enforcement based on legal precedents and economics, and will continue to hold large technology companies accountable for their anti-competitive behavior."
Lee added, "I believe that Mark Meador and Melissa Holyoak will lead the institution in this direction." Lee will serve as the chairman of the Senate Energy Committee next year, which will enhance his status within the republican party.
Another republican FTC commissioner, Andrew Ferguson, is also competing for the FTC chair position. As a current official, he does not need to seek Senate approval again.
But sources indicate that Ferguson previously served as the chief legal advisor to former republican Senate leader Mitch McConnell, which may affect his nomination chances. McConnell's relationship with Trump has deteriorated in recent years.
Trump transition team spokesperson Karoline Leavitt stated that Trump's "remaining decisions will continue to be announced by him."
Ferguson stated in a statement that Trump's "decisive victory is a mandate for change," and that the Biden administration's "regulatory assault on American businesses is over." He looks forward to "being a part of the most pro-innovation, pro-competition, pro-worker, and pro-consumer government in this nation's history."
Sources indicate that Slater remains in a favorable position to lead antitrust activities.
Insiders stated, "Given her stance in the campaign and her relationship with JD Vance, I believe she will be in a favorable position if she wants to serve as the head of the usa Department of Justice or FTC."
As a lawyer who graduated from the University of Oxford, Slater worked at the FTC for 10 years.