{"id":85025,"date":"2023-06-14T00:07:32","date_gmt":"2023-06-14T04:07:32","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85025"},"modified":"2023-06-13T23:55:44","modified_gmt":"2023-06-14T03:55:44","slug":"illumina-acquisition-of-grail-wins-support-from-gop-lawmakers-state-ags-as-ftc-tries-to-block-it","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2023\/illumina-acquisition-of-grail-wins-support-from-gop-lawmakers-state-ags-as-ftc-tries-to-block-it.html","title":{"rendered":"Illumina acquisition of Grail wins support from GOP lawmakers, state AGs as FTC tries to block it"},"content":{"rendered":"\n<p>(CNBC) Republican lawmakers, state attorneys general and several advocacy groups have voiced their support for <a href=\"https:\/\/www.cnbc.com\/quotes\/ILMN\/\">Illumina\u2019s<\/a> acquisition of <a href=\"https:\/\/www.cnbc.com\/2023\/04\/26\/illumina-ceo-touts-grail-revenue-amid-proxy-fight-with-icahn-.html\">cancer-test developer Grail<\/a> while the Federal Trade Commission <a href=\"https:\/\/www.cnbc.com\/2023\/04\/03\/ftc-orders-illumina-to-divest-grail-acquisition.html\">fights to unwind<\/a> the deal.\u00a0 The groups filed 14 amicus briefs Monday urging the U.S. 5th Circuit Court of Appeals to reverse an <a href=\"https:\/\/www.cnbc.com\/2023\/04\/03\/ftc-orders-illumina-to-divest-grail-acquisition.html\">FTC order<\/a> that would have Illumina undo the $7.1 billion Grail deal over concerns that it stifles competition. Last week, the San Diego-based DNA-sequencing company <a rel=\"noreferrer noopener\" href=\"https:\/\/www.reuters.com\/legal\/illumina-asks-appeals-court-undo-ftc-ruling-that-it-must-sell-subsidiary-2023-06-06\/\" target=\"_blank\">appealed <\/a>the agency\u2019s ruling.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/06\/13\/illumina-grail-deal-wins-support-from-gop-lawmakers-ags.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Republican lawmakers, state attorneys general and several advocacy groups have voiced their support for Illumina\u2019s acquisition of cancer-test developer Grail while the Federal Trade Commission fights to unwind the deal.\u00a0 The groups filed 14 amicus briefs Monday urging the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85025","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85025"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85025\/revisions"}],"predecessor-version":[{"id":85026,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85025\/revisions\/85026"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}