The European Union (EU) has embarked on the most extensive antitrust reform program in its history. The European Commission (Commission) is working on parallel initiatives to create a “new competition tool” giving the Commission unprecedented powers to force companies to change their practices or make structural changes whether or not they have infringed competition rules, to introduce new antitrust-inspired regulation of “gatekeeper platforms,” to revise the Commission’s approaches to assessing cooperative agreements and defining antitrust markets, and to create a unique hybrid competition and trade law instrument to combat distortions in EU markets caused by subsidies granted by non-EU governments.

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