Connect with us
DAPA Banner

Business

Inside Trump’s removal of DOJ antitrust chief Gail Slater

Published

on

Inside Trump’s removal of DOJ antitrust chief Gail Slater

President Donald Trump fired Gail Slater, his top antitrust enforcer, on Thursday over concerns she was failing to aggressively pursue his affordability agenda, according to multiple sources.

Slater announced her departure on X on Thursday, saying she was leaving with “great sadness and abiding hope” and that it was the “honor of a lifetime to serve” in her role. But her ouster was unsurprising to those familiar with the antitrust division.

Advertisement

Slater, a one-time policy adviser to Vice President JD Vance, left a string of controversies in her wake, and, according to conversations Fox News Digital had with multiple sources, she was seen as too lax on the issue of affordability in the eyes of Justice Department leadership, leading to her termination.

MIKE DAVIS: HOW THE TRUMP DOJ IS HOLDING GOOGLE ACCOUNTABLE

Gail Slater

Abigail Slater, assistant attorney general for the Antitrust Division, speaks to members of the media outside federal court in Washington, D.C., on Monday, April 21, 2025. (Kent Nishimura/Bloomberg via Getty Images / Getty Images)

In one heated controversy, Slater opposed the DOJ settling a lawsuit that would have blocked a merger between Hewlett Packard Enterprise and Juniper Networks. But Attorney General Pam Bondi and national security officials wanted to move forward with the settlement and overruled Slater, sources said. The sources said the dispute fractured Slater’s relationship with leadership and became so contentious that it led to the ouster of two of her deputies.

In November, as part of the administration’s broader push to lower consumer costs, Trump accused “foreign-owned meat packing cartels” of colluding to drive up beef prices, prompting the DOJ antitrust division to reopen a meatpacking case first brought during his previous administration.

Advertisement

The case is centered on bringing the price of meat down, but the antitrust division’s investigation has been moving slowly under Slater, frustrating leadership, sources said.

Pam Bondi

Attorney General Pam Bondi conducts a news conference at the Department of Justice on Thursday, Dec. 4, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)

Asked for comment on Slater’s exit, Bondi reiterated Trump’s antitrust priorities in a statement to Fox News Digital.

“On behalf of the Department of Justice, we thank Gail Slater for her service to the Antitrust Division, which works to protect consumers, promote affordability, and expand economic opportunity,” Bondi said.

Other internal disputes have involved Slater’s decision to travel with staff to Paris, despite objections from leadership, and prematurely announcing the departure of her chief of staff on social media before Bondi overruled Slater and extended the staffer’s tenure.

Advertisement

Some of the criticisms made about Slater’s approach to lowering costs are in tension with ideas she outwardly promoted. Slater said in November that average Americans’ expenditures on housing, transportation and food were at “front of mind” and that her division had been working hard “to lower costs for American families.”

But one source summed up the internal grievances with Slater, saying she was “unwilling” to coordinate and cooperate with DOJ leadership and did not prioritize Trump’s goals of “economic prosperity and affordability” zealously enough.

Slater declined to comment for this story.

The antitrust division, which will now be led by acting chief Omeed Aseffi, is known for handling high-profile civil litigation with major tech companies, including Google, Apple and Meta, and is responsible for reviewing and approving large-scale corporate mergers.

Advertisement

Upon nominating Slater, a longtime antitrust lawyer, Trump touted her populist bona fides, noting her ties to Vance and her work on his National Economic Council. Trump praised her at the time for being tough on big tech, in particular, saying she would look out for so-called little tech companies and “Make America Competitive Again.”

SCOTUS ALLOWS TRUMP TO FIRE BIDEN-APPOINTED FTC COMMISSIONER

President Donald Trump DOJ’s antitrust division chief nominee Abigail Slater

President Donald Trump DOJ’s antitrust division chief nominee Abigail Slater testifies in a Senate hearing. (Fox News)

Some of Slater’s allies have indicated that during her time at the DOJ, she faced headwinds from lobbyists who say they are aligned with Trump but, in reality, shun a populist agenda.

Roger Alford, Slater’s former No. 2, said last year that she worked to “remain true to President Trump’s populist message that resonated with working-class Americans.”

Advertisement

“Antitrust enforcement that applies equal justice under the law can deliver tangible results for millions of Americans,” Alford said. “The MAGA-in-name-only lobbyists and the DOJ officials enabling them are pursuing a different agenda.”

Slater has also, however, leaned on former Democratic lobbyist and antitrust hawk Luther Lowe for outside advice, two sources said. Lowe has donated at least $150,000 to Democrats and none to Republicans, according to public records. Luther denied advising Slater in a statement.

“I’ve known Gail Slater professionally for years, but I’ve never served as an outside advisor to her in any capacity,” Lowe said. “Any suggestion otherwise is false.”

Another point of contention has been Slater’s communication with Robert Barnes, a vehemently anti-Trump lawyer, two sources said. Mike Davis, a Trump ally who has been celebrating Slater’s exit, also told Fox News Digital she had been engaging with Barnes.

Advertisement

CLICK HERE TO GET THE FOX NEWS APP

Slater had been welcomed into the antitrust division last March after gaining bipartisan support during the Senate nomination process and being confirmed 78-19.

Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, said on X he was “sorry to see her leave” and that she looked out for rural America, while Sen. Amy Klobuchar, D-Mn., likewise called Slater’s exit a “major loss,” noting that Slater was in charge when the DOJ secured a landmark court victory against Google.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Chick-fil-A offers free ice cream to families who ditch phones at dinner

Published

on

Chick-fil-A offers free ice cream to families who ditch phones at dinner

A Chick-fil-A restaurant is offering families free ice cream if they put away their phones for their entire meal. 

Complex, an account on X covering culture, posted a photo Sunday showing a sign advertising that the Chick-fil-A Towson Place location has an incentive for families to be phone-free during meals.

Advertisement

“Introducing our Chick-fil-A® Cell Phone Coop Challenge,” the sign read.

SOLO DINING SURGES 52% AS AMERICANS EMBRACE ‘ME-ME-ME ECONOMY’ OVER SHARED MEALS

teens on phones

Teens using their phones. (Matt Cardy / Getty Images)

“Ask a Team Member for a coop, place all phones in the coop, and enjoy your meal together,” the message continued. “After you finished let a Team Member know and everyone at the table will receive a Icedream® Cone as a reward.” 

“Grab a coop and take the challenge,” it read. 

Advertisement

The Chick-fil-A restaurant in Towson Place, Maryland, also advertised the challenge in a recent Facebook post, writing, “Take the Dine-in Cell Phone Coop Challenge at Chick-fil-A Towson Place. Ask a Team Member for a coop, place all phones in the coop, and enjoy your meal together without distractions. When your table finishes, let a Team Member know and everyone will receive an Icedream Cone as a reward. Are you up for the challenge?”

LIMITING ACCESS TO CELLPHONES COULD HELP STUDENTS’ GRADES, SOCIAL SKILLS AND EARLY DEVELOPMENT, EXPERTS SAY

ice cream

If families stay off their phones during their meal, they will receive an Icedream® Cone as a reward.  ( Felix Hörhager/picture alliance via Getty Images)

A 2023 study found that 68% of households have a person using their phone during a meal with others. It also found that 65% of respondents do not like it, and 42% feel using phones during meals is rude.

Chick-fil-A did not immediately respond to a request for comment from Fox News Digital

Advertisement

SCHOOL DISTRICT CELLPHONE BANS SPARK DEBATE OVER TECH ADDICTION, HELICOPTER PARENTING

Kid on mobile phone.

A minor uses their phone in a room. (  / Getty Images)

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Continue Reading

Business

Japan Is Placing a Multibillion-Dollar Bet on the U.S. Housing Market

Published

on

Japan Is Placing a Multibillion-Dollar Bet on the U.S. Housing Market

For more than a decade, Japanese home builders have been tiptoeing into the U.S. housing market with small, discreet acquisitions of private American construction companies. Their quiet era is over. 

Japanese builders have announced or closed acquisitions of 23 U.S. single-family home builders since 2020, more than double the number from 2013 to 2019. That doesn’t include the multifamily developers and construction-supply companies they have also bought. By some estimates, Japanese builders are now set to own about 6% of the U.S. home-construction market.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Private Credit Is Reeling, But New Rule May Allow It Into 401(k)s

Published

on

Private Credit Is Reeling, But New Rule May Allow It Into 401(k)s

The Trump administration proposed a regulation on Monday that is intended to open 401(k)s and similar retirement plans to private equity and private credit.

It is a victory for the Wall Street firms that have lobbied to get these higher-cost alternative investments into the $14.2 trillion 401(k) market. But it comes at an inopportune time for the industry, as investors pull money from some private-credit funds.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

AKA Foods brings AI to product development

Published

on

AKA Foods brings AI to product development

Company is aiming to optimize product development cycles. 

Continue Reading

Business

PayPoint plans overhaul to slash costs and boost consumer visits as it bids to grow its Love2Shop brand

Published

on

Business Live

Payments firm to reorganise into four business units

A PayPoint sign

The PayPoint sign can be found across the UK(Image: Newcastle Chronicle)

Payment solutions provider PayPoint has revealed a restructuring plan aimed at cutting costs and attracting more customers to use its services in shops.

It will result in the company being restructured into four divisions, encompassing its network services, merchant services, digital payments and open banking, and its Love2shop brand.

Advertisement

PayPoint operates a retail network of over 30,000 convenience stores, offering community services such as cash withdrawals and deposits, ATMs, cash bill payments, energy top-ups and vouchers. It also runs Collect+ and Royal Mail Shops, enabling parcels to be collected and returned at thousands of local outlets.

The company has not disclosed cost-cutting targets or specified whether there will be any impact on its workforce, which numbered around 940 employees this time last year. However, it said the reorganisation will create cost savings and could potentially result in increased dividends for shareholders.

As part of the changes, PayPoint stated it is concentrating on boosting consumer footfall and enhancing sales from its services across retail partners. The overhaul will also entail a significant “reset” of the structure of its merchant services division, which collaborates with over 30,000 UK SMEs (small and medium-sized enterprises) to provide payment services in their shops.

Meanwhile, PayPoint plans to expand the Love2shop brand, which provides digital and physical gift cards. That division, based in Liverpool’s landmark 20 Chapel Street building, is set to bring in £53.2m in revenue this financial year.

Advertisement

The group said: “The reorganisation will enable an improved focus on new business growth and on maximising opportunities across Love2shop’s distribution channels. Continued investment in our technology platform, ongoing product enhancement and leveraging AI to improve marketing insight will strengthen our go-to-market strategy and support accelerated new business growth across Love2shop Business, the expansion of our prepaid savings proposition and growth of our consumer channels, including through our Incomm Payments partnership. There also remain significant opportunities to integrate Love2shop more efficiently across the wider PayPoint Group and client base.”

PayPoint acquired Love2Shop when it took over Merseyside Christmas vouchers firm Appreciate Group in an £83m deal in 2023. That business, formerly known as Park Group, was founded by former Everton FC and Tranmere Rovers owner Peter Johnson and was originally best known for its Christmas hamper savings scheme.

London-listed PayPoint anticipates reporting a record financial performance for the year ending in March, with results due to be published in June. It also forecasts returning over £90 million to shareholders through buybacks and dividends during the financial year.

Advertisement
Continue Reading

Business

Ineos posts $593m loss and skips dividend as Middle East tensions hit costs

Published

on

Ineos posts $593m loss and skips dividend as Middle East tensions hit costs

Ineos has reported a sharp widening in losses to $593 million, as rising energy costs, supply chain disruption and geopolitical tensions weigh heavily on Sir Jim Ratcliffe’s petrochemicals empire.

The group, controlled by Jim Ratcliffe alongside co-owners Andy Currie and John Reece, has also suspended its dividend for a second consecutive year, underscoring the financial pressure facing the business.

Losses before tax increased significantly from $71.1 million the previous year, while revenues declined to €14.3 billion from €16.2 billion. The downturn reflects a challenging operating environment for the European chemicals sector, where demand has weakened and costs have risen sharply.

Ineos pointed directly to the escalation of tensions in the Middle East as a key risk factor, warning that disruption to global energy markets is already impacting operations.

The group highlighted Iran’s strategic position near the Strait of Hormuz,  a critical shipping route for oil and liquefied natural gas, noting that any prolonged conflict could further destabilise supply chains and drive up commodity prices.

Advertisement

“Any escalation or expansion of hostilities could adversely affect global supply chains, commodity prices and macroeconomic conditions,” the company said in its annual report.

The surge in oil and gas prices has increased input costs across the petrochemicals industry, while also raising shipping expenses as companies adjust logistics routes to avoid high-risk areas.

The impact has been particularly acute in Europe, where Ineos has long warned of structural challenges including high energy prices, carbon taxes and competitive pressures from overseas producers.

Earnings before exceptional items in the region almost halved to €252.3 million in 2025, down from €470.2 million the previous year. Revenues in the European business fell by 9.2 per cent, reflecting weaker demand and margin compression.

Advertisement

Ratcliffe has previously described the European chemicals industry as facing “challenging market conditions”, with rising regulatory costs and energy prices eroding competitiveness.

The group has also been hit by logistical challenges linked to global shipping disruptions. In previous years, Ineos was forced to reroute shipments for its major Project One chemicals plant in Belgium around the Cape of Good Hope, adding more than €30 million in costs.

The company warned that similar disruptions could occur again if tensions escalate, potentially delaying the completion of key projects and further increasing expenses.

It also flagged risks to the delivery timeline of a new plant in the Netherlands, citing ongoing volatility in energy markets.

Advertisement

Ineos ended the year with net debt of €11.7 billion, highlighting the scale of its financial commitments at a time of declining profitability.

The decision to halt dividend payments reflects a focus on preserving cash and maintaining financial flexibility as the company navigates an uncertain outlook.

The results underline the pressures facing energy-intensive industries in Europe, where companies are grappling with a combination of high input costs, regulatory burdens and geopolitical instability.

For petrochemical producers, the reliance on oil and gas as both feedstock and energy source makes them particularly sensitive to price fluctuations.

Advertisement

Looking ahead, Ineos warned that continued volatility in energy markets could have a “significant” impact on its operations and financial performance.

The trajectory of the Middle East conflict will be a key factor, with prolonged disruption likely to exacerbate cost pressures and delay investment projects.

For Ratcliffe’s group, the challenge will be balancing investment in long-term growth with the need to manage short-term financial strain — a task made more complex by the increasingly uncertain global economic environment.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

Advertisement

Continue Reading

Business

The Return Of Friction

Published

on

The Return Of Friction

The Return Of Friction

Continue Reading

Business

Westlake Chemical stock hits 52-week high at 116.47 USD

Published

on


Westlake Chemical stock hits 52-week high at 116.47 USD

Continue Reading

Business

Upstart: Bank Charter Is The Future (NASDAQ:UPST)

Published

on

Upstart: Bank Charter Is The Future (NASDAQ:UPST)

This article was written by

Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager. Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in UPST over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

Advertisement

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Continue Reading

Business

Compass Diversified stock surges on $292.5M asset sale

Published

on


Compass Diversified stock surges on $292.5M asset sale

Continue Reading

Trending

Copyright © 2025