Lionel Hutz, editor of Valorem Research Newsletter, provides a breakdown of the Spirit / JetBlue trial. Topics discussed include the DOJ's case, harm in local markets, JetBlue's arguments, expert witnesses, relevant markets, evidence supporting each side, timing of ruling, and the legacy of the outcome.

Valorem Research's Lionel Hutz discusses the Liquidia vs. UTHR hearing at the Federal Circuit. Topics include UTHR's arguments, judge performance, dissemination of abstracts, next steps post-hearing, and odds on outcome. Sponsored by Alphasense.

Lionel Hutz, Editor of the Lionel Hutz Newsletter on Substack, joins the podcast to discuss the JetBlue/Spirit merger DOJ case. Topics include the relevance of the Northeast Alliance, DOJ's argument about relevant markets, hurdles for DOJ to show anti-competitive effects, the judge for this case and JetBlue's decision to pay a huge premium for Spirit. They also discuss the role of the Department of Transportation in blocking the merger, possibility of a settlement, and trial logistics.