Antitrust law

Sutter Health settles antitrust case

A sign outside of a hospital owned by Sutter Health.
Sutter Health is based in California. Photo: Smith Collection/Gado/Getty Images

Sutter Health has agreed to settle a lawsuit accusing the hospital system of price-gouging, the San Francisco Chronicle reports. Spokespeople for California's attorney general and Sutter told Axios the terms of the settlement are confidential, and they could not comment further until the court approved the deal.

The big picture: Hospital systems have never been more concentrated, and this is now the second major settlement in the past 12 months involving a state going after alleged anticompetitive activity from dominant hospitals. The first involved Atrium Health.

Walmart is winning the antitrust wars

Trophy illustration
Illustration: Aïda Amer/Axios

At a moment when regulators, politicians and consumers are railing against companies getting too big, one behemoth has been growing under the radar: Walmart.

The big picture: Walmart already had its turn as the corporate villain in the 1980s. Now, as tech companies bear the brunt of the scrutiny, the retail giant is amassing wealth — earning $514.4 billion in revenue, the most of any company on Earth, in 2018.