This week on Prof G Markets, Ed and Scott open the show by discussing why European defense stocks surged following Trump's meeting with Zelensky, the announcement of a U.S. crypto reserve, and the latest tariffs targeting Canada and Mexico. Then Jonathan Kanter, former Assistant Attorney General for the Antitrust Division of the U.S. Department of Justice, joins the show to break down what antitrust enforcement could look like under the Trump administration. He explains why healthcare should be a top priority for regulators, pulls back the curtain on how lobbyists try to influence antitrust cases, and gives an update on the ongoing Google antitrust lawsuit. Finally, Jonathan weighs in on the growing monopoly concerns in AI and highlights which industries are most in need of tougher antitrust scrutiny.
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Timestamps:
00:00 - Today's number
00:23 - Today's episode
04:19 - Market Headlines
05:29 - European defence stocks
10:13 - Trump's crypto reserve
16:16 - Canada-Mexico Tariffs
19:16 - Ad break
21:43 - The Next Era Of Antitrust — ft. DOJ’s Jonathan Kanter
21:55 - What has happened with antitrust under Trump and how have things changed since you resigned?
23:36 - What are the arguments against antitrust enforcement?
25:01 - What do you think the top antitrust priorities for this administration are going to be?
25:29 - Why do you think healthcare is such an important priority right now?
27:01 - How bad is lobbying in government and did you experience it yourself?
29:07 - What does lobbying look like and why does it push politicians so far in one direction?
31:09 - Do you think that DOGE will target the DOJ and what would that mean for antitrust?
32:44 - Are there any sectors of the government that you think would benefit from budget cuts?
35:08 - Ad break
36:34 - Where does the Google case stand today, and how do you expect that lawsuit to play out?
39:03 - Why do you think breaking Google is the answer?
41:00 - What happened with the DOJ’s investigation into Nvidia?
43:22 - What is your read on the AI startup scene and do you think there is a need for antitrust enforcement?
46:00 - How do you respond to concerns that rolling back Big Tech regulation is necessary to stay competitive with China?
50:04 - Which sectors do you think are most in need of antitrust enforcement?
52:25 - Who wants more monopolization in America?
54:04 - What is your view on Big Tech’s relationship with the President?
55:52 - If you had to give one piece of advice to young people who are interested in government, what would it be?
57:42 - Credits
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Headlines:
European defence shares jump as blistering rally gathers pace
https://www.ft.com/content/bbe9ec5a-9701-4d42-904a-52f021ccb0a2
Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more
https://www.cnbc.com/2025/03/02/trump-announces-strategic-crypto-reserve-including-bitcoin-solana-xrp-and-more.html?utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew
Trump’s Canada-Mexico Tariffs Take Effect
https://www.wsj.com/economy/trade/trump-tariffs-canada-mexico-china-trade-4e610130
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